7221 Peden Lane, Central Saanich
Brentwood Bay · Unimproved Land · MLS® 1042065 · Listed Jul 2, 2026
Rare Waterview Commercial Opportunity – Brentwood Bay A unique chance 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 (~4,400 buildable sq. ft.). Ideal for restaurants, cafés, medical clinics, dental, daycare, professional offices, or wellness/spa uses supporting the Brentwood Bay village core. Positioned steps from the waterfront, marinas, and Brentwood Bay Lodge, this location aligns with OCP objectives encouraging vibrant, pedestrian-oriented commercial services. Why lease when you can own in one of the Peninsula’s most supply-constrained retail nodes? Strong demand exists for food service, childcare, and health-based services in the immediate area. Buyer to verify zoning, permitted uses, and OCP guidelines with the District of Central Saanich. Clean Phase 1 environmental report.
| 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 $1,030,000, 3.2 months of inventory, homes typically selling in about 43 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: Jul 25, 2026.
