$995,000
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7221 Peden Lane, Central Saanich

Central Saanich, BC V8M 1C5
MLS® 1048401
8
Days on Market

Description

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 Details

Property Type Commercial Sale
Property Sub Type Unimproved Land
Listing ID 1048401
Status Active
City Central Saanich
Area Central Saanich
Sub-Area CS Brentwood Bay
Postal Code V8M 1C5
Property Taxes $9,950.11 (2026)
Zoning C-N
Water Municipal,To Lot
Sewer Sewer Available,Sewer To Lot
Construction See Remarks
Listed Date Sep 1, 2026
Ownership Freehold
Lot Size 0.15 acres

Building Details

Stories -1

Additional Information

Features Central location, Level lot, Southern exposure, Partially cleared, Other
View Ocean view
Land Size 7409 sqft
Transaction For sale

Location