7221 Peden Lane, Central Saanich
Brentwood Bay · Unimproved Land · MLS® 1042065 · Listed Jul 2, 2026
Rare Waterview Commercial Opportunity – Brentwood Bay Why lease when you can build and own for payments comparable to many commercial leases? Build-to-suit options, experienced custom builders, and financing solutions are available. Strong local demand exists for healthcare, childcare, food service, and professional services. Due diligence time is available for permits, approvals, and municipal review. Clean Phase 1 environmental report. A unique opportunity to secure a prime seaside commercial site at 7221 Peden Lane. Existing C-3 zoning permits a mix of neighbourhood-serving commercial uses with a 0.6 FAR and up to 3 storeys with roof top decks for amazing ocean views (~4,400 buildable sq. ft.). Ideal for restaurants, cafés, medical and dental clinics, wellness centres, daycare, and professional offices serving this rapidly growing community. Buyer to verify zoning, permitted uses, and OCP guidelines with the District of Central Saanich.
| Property Type | Unimproved Land |
| Lot Size | 7,409 sqft (0.15 acres) |
| Lot Features | Adult-Oriented Neighbourhood, Central Location, Cleared, Easy Access, Level, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure |
| Exterior | See Remarks |
| Water | Municipal, To Lot |
| Sewer | Sewer Available, Sewer To Lot |
| Taxes | $8,674.16 (2025) |
| MLS® # | 1042065 |
| Brokerage | RE/MAX Generation - The Neal Estate Group |
Similar properties sold within 6 months
Brentwood Bay all property types averages, updated daily. See Brentwood Bay market stats or Central Saanich market stats.
It is listed at $995,000.
The lot is 7,409 sqft (0.15 acres).
Central Saanich is currently a seller's market: median sold price $1,042,000, 3.2 months of inventory, homes typically selling in about 42 days.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Aug 13, 2026.
