4520 W Saanich Rd - Office FOR SALE


Victoria, BC V8Z 3G4
$2,200,000 CAD
250-386-0005
4520 W Saanich Rd, Victoria, BC for Sale
$2,200,000 CAD
Office - FOR SALE
1/7
null | Request Cap Rate

4520 W Saanich Rd
Victoria, BC V8Z 3G4


HIGHLIGHTS

  • Located in Royal Oak’s high-traffic commercial corridor.
  • Flexible tenancies with option for vacant possession.
  • Designated TOA site with redevelopment potential.
  • Modern office interiors with private offices and meeting rooms.
  • Walking distance to major retail and recreation amenities.

OVERVIEW

Strategically located in the Royal Oak node of Saanich, 4520 West Saanich Road presents a compelling opportunity for owner-occupiers, developers, or investors seeking a well-positioned commercial asset with immediate utility and long-term upside. This standalone office building spans two floors totaling 3,329 square feet and sits on a 9,450-square-foot parcel with 18 surface parking stalls, offering both functionality and visibility in a high-demand corridor. The property features modern interior finishes, including private offices, reception areas, meeting rooms, and break spaces across both levels. With flexible tenancies currently in place, purchasers have the option to maintain holding income or secure vacant possession for immediate occupancy. The building’s prominent signage potential and direct access to West Saanich Road enhance its appeal for professional services, medical, or administrative users. Designated within the 400-meter Transit-Oriented Area (TOA) and identified as a Primary Growth Area in the Saanich Official Community Plan (OCP), the site is primed for future redevelopment. Provincial TOA guidelines support a minimum 2.5:1 FAR and six-storey density, with municipal openness to alternative proposals. The C2 zoning allows a wide range of uses including retail, office, medical, daycare, and residential, providing flexibility for repositioning. Surrounded by major retail anchors such as Thrifty Foods, Canadian Tire, and Tim Hortons, and within walking distance to Royal Oak Shopping Centre and Saanich Commonwealth Place, the location offers excellent amenity access. Downtown Victoria is just a 15-minute drive, with Swartz Bay Ferry Terminal and Victoria International Airport reachable within 25 and 20 minutes respectively.

FOR SALE DETAILS

PRICE

$2,200,000 CAD

PRICE/SF

$661 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,450 SF

ZONING

C2

APN/PARCEL ID

006-398-928

ASK ABOUT THIS PROPERTY

Chris RustCBRE, LimitedMore Info
250-386-0005

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Chris RustCBRE, LimitedMore Info
250-386-0005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.