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
Listing General Location:
CS Brentwood Bay, Central Saanich
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
7,409 sq. ft.688 m2
Taxes:
$8,674 /
2025
Construction:
See Remarks
Electricity:
Yes
Commercial Area:
Peninsula
Water supply:
Municipal, To Lot
Sewer:
Sewer Available, Sewer To Lot
Fireplace:
No
Ocean
Across from the Brentwood Ferry
Main Level
0
Yes
No
Unrestricted
Assessed:
676000.0
Assessment year:
2025
Jurisdiction name:
District of Central Saanich
Legal Description:
PARCEL A, LOT 1, BLOCK 46, PLAN VIP1188, SECTION 10, RANGE 2W, SOUTH SAANICH LAND DISTRICT, PCL A (DD 124236I) OF LOTS 1, 2 & 3