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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®# 1031265
Photo 1: 7221 Peden Lane in Central Saanich: CS Brentwood Bay Mixed Use for sale : MLS®# 1031265
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1031265
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.
Taxes:
$8,674.16 / 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:
711000.0
Assessment year:
2026
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
Zoning:
C-3
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:
0
Date Listed:
Apr 07, 2026
Original Price:
995000.0
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Listed by RE/MAX Generation - The Neal Estate Group
Data was last updated April 8, 2026 at 12:05 PM (UTC)
Cheryl Barnes
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.