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#103 – 3994 Shelbourne St, Saanich
Mt Doug · Retail · MLS® 1053729 · Listed Nov 3, 2026
An excellent opportunity to acquire a nearly 5,000 sq ft commercial strata unit in the rapidly developing Shelbourne corridor. Unit 103 offers prominent street frontage, strong exterior signage opportunities, and access to a large shared parking lot with ample customer parking, plus a rear area for staff parking and loading. It sits next to the newly redeveloped University Heights Shopping Centre, which is adding nearly 600 new rental apartments to an already busy, well-established commercial area. The unit is demised into two separate spaces. The approx. 3,766 sq ft restaurant space is fully built out, with a 20 ft commercial hood system and a food-primary liquor licence for approx. 90 guests. The second space is leased to a professional tenant on a long-term lease, providing stable, reliable income. A great opportunity for a restaurant group looking to own their own property, plus the benefit of an income-generating unit. The restaurant unit can be provided vacant on possession.
| Property Type | Retail |
| Taxes | $68,392 (2026) |
| MLS® # | 1053729 |
| Brokerage | Pemberton Holmes Ltd. |
For sale now at $2,880,000.
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
51 sales in Mt Doug 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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51 sales in Mt Doug 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
Mt Doug all property types averages, updated daily. See Mt Doug market stats or Saanich market stats.
It is listed at $2,880,000.
Saanich is currently a seller's market: median sold price $1,178,000, 0.8 months of inventory, homes typically selling in about 37 days.
There are 3 commercial properties for sale in Mt Doug right now. Browse all Mt Doug commercial properties for sale to see current listings, updated daily from the MLS® system.
The median commercial propertie sold price in Mt Doug is $1,178,000, based on 51 sales over the past 12 months. The median price per square foot is $558. Compare asking prices across the commercial properties currently for sale in Mt Doug.
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 4, 2026.
