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7221 Peden Lane

CS Brentwood Bay Central Saanich V8M 1C5

$1,150,000

Commercial Sale

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Status:

Active

Prop. Type:

Commercial Sale

MLS® Num:

955634

• Photos (8)

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Rare Ocean view Lot in Brentwood Bay. This mixed-use Development Opportunity in popular Brentwood Bay is located across from three marinas, the Seahorse Cafe, Brentwood Bay Resort and the Brentwood/Mill Bay ferry. The site is 7400 sq ft, fully serviced, flat, west facing, clean phase 1. Zoned C-3 which allows for a .6 FAR potential for 4400 sqft of buildable with commercial down and residential up. Ideal for an owner occupier to build an office or store front with apartments up. Great location for a boutique market / coffee shop/ office/ restaurant or boat care services. Current design conforms to zoning and the OCP, calls for a 650 sqft CRU down with two 1,200 sqft condos up both with bay views. 9 parking spots and has planning support, no variances, only requires a DP with council approval. Alternatively, see the 6 plex designs for a possible rezone to residential given the new infill housing changes. Buyer to verify.

General Info:

Property Type:

Commercial Sale

Type:

Mixed Use

Commercial Type:

Land

Lease Type:

Sale Price

Close Price Lease Total:

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Existing Lease Expiry:

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Listing General Location:

CS Brentwood Bay, Central Saanich

Bathrooms:

- (Full:-/Half:-)

Lot Size:

7,409.051 sq. ft.688.323 m2

Taxes:

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Additional Info:

Construction:

See Remarks

Electricity:

Yes

Number of Storeys:

1

Ceiling Heights:

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Commercial Area:

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Water supply:

Municipal

Sewer:

Sewer To Lot

Fireplace:

No

More Info Available:

Pending Date:

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View:

Ocean

Directions:

Across from the Brentwood Ferry

Entry Location:

Main Level

Minimum Age:

0

BBQ Allowed:

Yes

Smoking Bylaw:

No

Rent Allowed:

Unrestricted

Financial Info:

Financing Notes:

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Assessed:

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Assessment year:

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Approximate Inventory Value:

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Fixed Equipment Approx. Value:

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Goodwill Approx. Value:

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Gross Income:

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Net Operating Income:

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Association Fee:

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Association Fee Frequency:

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Legal Info:

Jurisdiction name:

District of Central Saanich

Legal Description:

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Zoning:

C-3

Other Details:

Units in Building:

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Units in Community:

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Occupancy:

Vacant

Land Info:

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 Parking Spaces:

9

Road Surface Type:

Paved

Residential Revenue Info:

Total Units:

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Listing Info:

Date Listed:

Mar 06, 2024

Original Price:

1150000.0

• 
  WaterView Lot
• 
  Photo 2 of 8
• 
  Possible 6 plex concept
• 
  possible mixed use
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  Photo 5 of 8
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  Photo 6 of 8
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  Photo 7 of 8
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  Photo 8 of 8

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Listed by Coldwell Banker Oceanside Real Estate

Data was last updated May 3, 2024 at 02:05 AM (UTC)

Area Statistics

Listings on market:

11

Avg list price:

$1,150,000

Min list price:

$30,000

Max list price:

$5,300,000

Avg days on market:

40

Min days on market:

9

Max days on market:

221

These statistics are generated based on the current listing's property type and located in Central Saanich. Average values are derived using median calculations.

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• 752 DOUGLAS STREET
• 1 (250) 7275448
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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