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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 |
For sale now at $995,000.
No registered sales on file yet.
Sources: MLS® (current listing and 8X deals), BC Assessment / Land Title, used under licence. Days on market are per listing. Terms of Use.
Similar properties sold within 6 months
97 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.
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97 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 $1,027,000, 2.9 months of inventory, homes typically selling in about 39 days.
There are 30 commercial properties for sale in Brentwood Bay right now. Browse all Brentwood Bay commercial properties for sale to see current listings, updated daily from the MLS® system.
The median commercial propertie sold price in Brentwood Bay is $1,027,000, based on 97 sales over the past 12 months. The median price per square foot is $585. Compare asking prices across the commercial properties currently for sale in Brentwood Bay.
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: Nov 1, 2026.
