4500 West Saanich Rd, Saanich
Royal Oak · Retail · MLS® 1049788 · Listed Sep 15, 2026
This 17,425 sq. ft. commercial property presents a rare opportunity to acquire a strategic income-producing site in the rapidly evolving Royal Oak growth corridor. Now offered at a reduced price, the property provides dependable holding income alongside significant long-term redevelopment potential. The fully leased building contains 7 commercial units totalling more than 7,600 sq. ft. of leasable area, supported by a long history of stable tenancy. The site benefits from dual road access, with over 100 ft of frontage on W.Saanich Road and approximately 60 ft on Viewmont Avenue, immediately adjacent to Royal Oak Shopping Centre. Currently zoned C-3, preliminary discussions with the municipality suggest the potential for density exceeding 3.5 FSR. Nearby municipally owned lands have been rezoned to permit buildings of up to 12 storeys, with additional development activity progressing throughout the area. A strong income-producing asset today with meaningful future redevelopment upside.
| Property Type | Retail |
| Lot Size | 17,425 sqft (0.4 acres) |
| Parking | 31 spaces |
| Taxes | $49,038 (2025) |
| MLS® # | 1049788 |
| Brokerage | Pemberton Holmes Ltd. |
39 homes sold in Royal Oak in the last 12 months, with prices and dates. Board rules keep past sale prices and dates behind a sign-in.
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39 homes sold in Royal Oak in the last 12 months, with prices and dates. Board rules keep past sale prices and dates behind a sign-in.
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Similar properties sold within 6 months
39 sales in Royal Oak in the last 12 months — sold prices, dates and days on market for the closest recent sales. Free with an 8X account; board rules require the sign-in.
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39 sales in Royal Oak in the last 12 months — sold prices, dates and days on market for the closest recent sales. Free with an 8X account; board rules require the sign-in.
free account · one email · no obligation · already a member? log in
Royal Oak single-family averages, updated daily. See Royal Oak market stats or Saanich market stats.
It is listed at $3,950,000.
It has 31 parking spaces (On Site).
The lot is 17,425 sqft (0.4 acres).
Saanich is currently a buyer's market: median sold price $1,139,000, 10.5 months of inventory, homes typically selling in about 34 days.
There are 7 houses for sale in Royal Oak right now. Browse all Royal Oak houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Royal Oak is $1,139,000, based on 39 sales over the past 12 months. The median price per square foot is $605. Compare asking prices across the houses currently for sale in Royal Oak.
NOTE: MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Oct 1, 2026.
