C$995,000

7221 Peden Lane, Central Saanich BC, V8M 1C5

Price per sqftN/A

Property typeCommercial

Courtesy of RE/MAX Generation - The Neal Estate Group

Overview

Active

Listed Sep 1, 2026

Updated Sep 4

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.

Additional information

MLS^® ID: 1048401

Interior Features

Basement: No

Exterior Features

Lot Size: 0.17 Acres

Other Property Details

Taxes: $9,950
Tax Frequency: Annually
View: Yes
55+/Senior Community: Yes

Courtesy of RE/MAX Generation - The Neal Estate Group, Chris Troke

Listing Contact: 250-886-5540

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