Rare Waterview Commercial Opportunity – Brentwood Bay
A unique chance to secure a prime seaside commercial site at 7221 Peden Lane. Existing C-3 zoning permits a mix of neighbourhood-serving commercial uses with a 0.6 FAR and up to 3 storeys (~4,400 buildable sq. ft.). Ideal for restaurants, cafés, medical clinics, dental, daycare, professional offices, or wellness/spa uses supporting the Brentwood Bay village core.
Positioned steps from the waterfront, marinas, and Brentwood Bay Lodge, this location aligns with OCP objectives encouraging vibrant, pedestrian-oriented commercial services. Why lease when you can own in one of the Peninsula’s most supply-constrained retail nodes? Strong demand exists for food service, childcare, and health-based services in the immediate area.
Buyer to verify zoning, permitted uses, and OCP guidelines with the District of Central Saanich. Clean Phase 1 environmental report.
Address
7221 Peden Lane
List Price
$995,000
Property Type
Commercial Sale
Type of Dwelling
Unimproved Land
Transaction Type
Sale
Area
Central Saanich
Sub-Area
CS Brentwood Bay
Lot Size
7409 Sq. Ft.
Lot Size (Acres)
0.15 Ac.
MLS® Number
1042065
Listing Brokerage
RE/MAX Generation - The Neal Estate Group
Postal Code
V8M 1C5
Tax Amount
$8,674.16
Tax Year
2025
Amenities
Adult-Oriented Neighbourhood, Central Location, Cleared, Easy Access, Level, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure