4500 West Saanich Rd

4500 West Saanich Rd · Saanich, Royal Oak · Commercial Mix · $4,400,000 · MLS 1026444

Saanich, British Columbia · Neighbourhood: Royal Oak

C$4,400,000

For sale

4500 West Saanich Rd is located in Saanich (Royal Oak). Property snapshot: Commercial Mix, listed at $4,400,000, MLS 1026444. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 78. Catchment schools include Lochside Elementar

List Price: $4,400,000

MLS: 1026444

Days on Site: 78

Catchment Schools: Catchment schools include Lochside Elementary, Royal Oak Middle, Claremont Secondary

Price History: Latest recorded list price 4400000.00

Local Decision Guide

How should buyers evaluate 4500 West Saanich Rd?

Start by reading this listing in its Saanich Royal Oak context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?

Recent comparable sales, competing active listings, days on market, price changes and current market pace.
Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.

How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 4500 West Saanich Rd?

This page shows a list price of $4,400,000 with MLS 1026444.

What type of home is this Saanich, Royal Oak listing?

The page shows Commercial Mix at 4500 West Saanich Rd. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 78 days on market/site. Latest recorded list price 4400000.00.

Which catchment schools are associated with 4500 West Saanich Rd?

Catchment schools include Lochside Elementary, Royal Oak Middle, Claremont Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

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Remarks

Prime Royal Oak Redevelopment Opportunity with Strong Holding Income Positioned in the heart of Royal Oak’s emerging growth corridor, this 17,425 sq. ft. property represents a rare opportunity to secure a strategic redevelopment site with stable interim income. The lot offers dual road access, with over 100 feet of frontage along West Saanich Road and approximately 60 feet on Viewmont Avenue, immediately adjacent to Royal Oak Shopping Centre. The existing 7-unit commercial building is fully leased and has a long history of stable tenancy, providing dependable cash flow while future development plans are contemplated. Currently zoned C-3 Commercial (1.2 FSR), preliminary discussions with the District of Saanich indicate potential rezoning to approximately 3.5 FSR _, equating to over 61,000 sq. ft.+ of potential buildable area (buyer to verify). The broader Royal Oak node is undergoing meaningful transformation, with nearby city-owned lands rezoned to permit buildings up to 12 storeys and additional mixed-use developments in various stages of planning and approval. Given the evolving policy framework and surrounding density, purchasers may wish to explore similar height and density potential for this site, subject to municipal approvals. With prominent frontage, strong vehicular exposure, transit connectivity via the Royal Oak Transit Exchange, and immediate access to major retail amenities, this property offers a compelling opportunity to secure income today while positioning for significant long-term density upside in one of Saanich’s designated growth areas. (id:56153)