7221 Peden Lane Central Saanich, British Columbia V8M 1C5
$995,000
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. (id:63476)
Property Details
| MLS® Number | 1022720 |
| Property Type | Other |
| Neigbourhood | Brentwood Bay |
| Features | Central Location, Level Lot, Southern Exposure, Partially Cleared, Other |
| Plan | Vip1188 |
| View Type | Ocean View |
Building
| Type | Commercial Mix |
Land
| Acreage | No |
| Size Irregular | 7409 |
| Size Total | 7409 Sqft |
| Size Total Text | 7409 Sqft |
| Zoning Description | C-3 |
| Zoning Type | Unknown |
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January 07 2026 09:45:14
Victoria Real Estate Board
Coldwell Banker Oceanside Real Estate