7221 Peden Lane new Save Request In-Person Tour Request Virtual Tour
Central Saanich,BC V8M1C5
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Brentwood Bay
MLS Listing ID 1013069
Lot Size 6,615 Sqft
Acres 6615.0
Property Sub-Type Freehold
Source Victoria Real Estate Board
Property Description
Rare Waterfront Village Development Opportunity – Brentwood Bay A truly rare chance to secure an almost waterfront development site in the heart of Brentwood Bay's seaside village. This C-3 zoned lot offers unobstructed ocean views, full servicing, and an immediate path to development in one of Vancouver Island's most desirable coastal communities. With an existing 0.6 FAR and 3-storey allowance, the site provides up to 4,400 sq. ft. buildable. Current concept plans include two luxury 3-bedroom + den residences (1,740 sq. ft. each) with panoramic ocean views, paired with two 420 sq. ft. commercial/office units at street level. Each side offers private parking, gated entry, and design harmony with the landmark Brentwood Bay Lodge & Spa just steps away. The location is unmatched—across from marinas, cafés, restaurants, and the Mill Bay Ferry, with the 5-star Brentwood Bay Resort at your doorstep. Positive community engagement letters support the live-work concept, with the required 10% commercial space already incorporated. This is an infill opportunity with resale values projected at $1,000+ per sq. ft., offering strong upside for both developers and long-term investors. Buyer to verify zoning, OCP, and all development details with the District of Central Saanich. (id:24570)
Location
State BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N Yes
View Ocean view
Private Pool No
Others
Ownership Freehold