7221 Peden Lane, Central Saanich
Brentwood Bay · Unimproved Land · MLS® 1048401 · Listed Sep 1, 2026
NEW C-N NEIGHBOURHOOD COMMERCIAL ZONING APPROVED – RARE WATERVIEW DEVELOPMENT OPPORTUNITY – BRENTWOOD BAY Why lease when you can build and own? New C-N Neighbourhood Commercial zoning creates a flexible development opportunity at 7221 Peden Lane. Maximum 1.0 FAR, 50% lot coverage and 11.0 m building height provide increased buildable potential, subject to site dimensions and municipal approvals. Build-to-suit options, experienced builders and financing solutions are available. Strong local demand exists for healthcare, childcare, restaurants, food service, wellness, retail and professional offices. C-N zoning permits a broad range of uses including restaurants, retail, offices, healthcare & wellness, childcare, convenience stores, personal services, veterinary, financial services and residential apartments. Prime waterview location in Brentwood Bay. Clean Phase 1 environmental report. Due diligence time available for permits, approvals and municipal review.
| 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 | $9,950.11 (2026) |
| MLS® # | 1048401 |
| Brokerage | RE/MAX Generation - The Neal Estate Group |
199 homes sold in Brentwood Bay in the last 12 months. Board rules keep past sale prices and dates behind a sign-in.
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199 homes sold in Brentwood Bay in the last 12 months. Board rules keep past sale prices and dates behind a sign-in.
free account · one email · no obligation · already a member? log in
Similar properties sold within 6 months
199 sales in Brentwood Bay 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
199 sales in Brentwood Bay 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
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 $1,050,000, 3.8 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: Sep 8, 2026.
