7221 Peden Lane, Central Saanich, British Columbia V8M 1C5

Listed for:
$995,000
0 beds
0 baths
Listed 72 days ago
Commercial Mix for rent: 7221 Peden Lane, Central Saanich, British Columbia V8M 1C5

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Listing provided by:
Coldwell Banker Oceanside Real Estate
MLS® number:
1013069
Agent:
Chris Troke
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About

Rare Waterfront Village Development Opportunity – Brentwood Bay A truly rare chance to secure an almost waterfront development site in the heart of Brentwood Bay’s seaside village. This C-3 zoned lot offers unobstructed ocean views, full servicing, and an immediate path to development in one of Vancouver Island’s most desirable coastal communities. With an existing 0.6 FAR and 3-storey allowance, the site provides up to 4,400 sq. ft. buildable. Current concept plans include two luxury 3-bedroom + den residences (1,740 sq. ft. each) with panoramic ocean views, paired with two 420 sq. ft. commercial/office units at street level. Each side offers private parking, gated entry, and design harmony with the landmark Brentwood Bay Lodge & Spa just steps away. The location is unmatched—across from marinas, cafés, restaurants, and the Mill Bay Ferry, with the 5-star Brentwood Bay Resort at your doorstep. Positive community engagement letters support the live-work concept, with the required 10% commercial space already incorporated. This is an infill opportunity with resale values projected at $1,000+ per sq. ft., offering strong upside for both developers and long-term investors. Buyer to verify zoning, OCP, and all development details with the District of Central Saanich. (id:27476)

Property Highlights

MLS® Number
1013069
Type
Other
Ownership Type
Freehold
Land Size
6615 sqft

Building

Building Type
Commercial Mix
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Location