Rare Waterfront Village Development Opportunity – Brentwood Bay
A truly rare chance to secure an almost waterfront development site in the heart of Brentwood Bay’s seaside village. This C-3 zoned lot offers unobstructed ocean views, full servicing, and an immediate path to development in one of Vancouver Island’s most desirable coastal communities.
With an existing 0.6 FAR and 3-storey allowance, the site provides up to 4,400 sq. ft. buildable. Current concept plans include two luxury 3-bedroom + den residences (1,740 sq. ft. each) with panoramic ocean views, paired with two 420 sq. ft. commercial/office units at street level. Each side offers private parking, gated entry, and design harmony with the landmark Brentwood Bay Lodge & Spa just steps away.
The location is unmatched—across from marinas, cafés, restaurants, and the Mill Bay Ferry, with the 5-star Brentwood Bay Resort at your doorstep. Positive community engagement letters support the live-work concept, with the required 10% commercial space already incorporated.
This is an infill opportunity with resale values projected at $1,000+ per sq. ft., offering strong upside for both developers and long-term investors.
Buyer to verify zoning, OCP, and all development details with the District of Central Saanich.
Address
7221 Peden Lane
List Price
$995,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
Sale
Area
Central Saanich
Sub-Area
CS Brentwood Bay
Lot Size
6615.16 Sq. Ft.
Lot Size (Acres)
0.15 Ac.
MLS® Number
1013069
Listing Brokerage
Coldwell Banker Oceanside Real Estate
Postal Code
V8M 1C5
Tax Amount
$8,093.00
Tax Year
2024
Amenities
Adult-Oriented Neighbourhood, Central Location, Cleared, Easy Access, Level, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
