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All Victoria BC Commercial For Sale $900K-$1,000K

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7221 Peden Lane
CS Brentwood Bay Central Saanich V8M 1C5

$995,000
Commercial Sale

Main Photo: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
Photo 1: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
Photo 2: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
Photo 3: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
Photo 4: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
Photo 5: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
Photo 6: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
Photo 7: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
Photo 8: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
Photo 9: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1022720
Rare Waterview Infill Development – Brentwood Bay A unique chance to secure a seaside site at 7221 Peden Lane. Current C-3 zoning allows for a 0.6 FAR and 3 storeys (~4,400 buildable sq. ft.). Proposed concepts include two 1,740 sq. ft. luxury 3-bed residences with ocean views over two 420 sq. ft. commercial units across from the ocean, marinas and brentwood bay lodge. Beyond C-3, explore potential rezoning to residential via BC’s new SSMUH zoning for multi-unit residential for 4 townhomes. Given the location and amenities all around this site offers immense upside. Buyer to verify all zoning, SSMUH eligibility, and OCP details with the District of Central Saanich. Clean phase 1 environmental report.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
CS Brentwood Bay, Central Saanich
Bathrooms:
- (Full:-/Half:-)
Lot Size:
7,409 sq. ft.
Taxes:
Construction:
See Remarks
Electricity:
Yes
Ceiling Heights:
Commercial Area:
Water supply:
Municipal, To Lot
Sewer:
Sewer Available, Sewer To Lot
Fireplace:
No
Pending Date:
Ocean
Across from the Brentwood Ferry
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
District of Central Saanich
Legal Description:
Zoning:
C-3
Units in Building:
Units in Community:
Utilities:
Electricity Available, Natural Gas Available
Lot Site Features:
Adult-Oriented Neighbourhood, Central Location, Cleared, Easy Access, Level, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
Parking Features:
On Site
Total Units:
Date Listed:
Jan 07, 2026
Original Price:
995000.0
  • Photo 1: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
    Photo 1 of 9
  • Photo 2: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
    Brentwood Bay
  • Photo 3: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
    Photo 3 of 9
  • Photo 4: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
    2 condo units with CRU's
  • Photo 5: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
    Site plan with massing
  • Photo 6: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
    2nd Design option
  • Photo 7: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
    Photo 7 of 9
  • Photo 8: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
    Photo 8 of 9
  • Photo 9: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1022720
    Site marker
Listed by Coldwell Banker Oceanside Real Estate
Data was last updated February 21, 2026 at 02:05 AM (UTC)

Shirin Purewal is a real estate agent located in Vancouver, Canada. She will help you throughout the process to find the house or the condo of your dreams.
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All Victoria BC Commercial For Sale $900K-$1,000K

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