Royal Oak Development Opportunity, Saanich

For more details or to contact the seller directly, please look up Listing ID 207684 at ForSaleByOwner.ca.   Excellent mixed-use development opportunity - 4500 block east of West Saanich Road in Victoria, BC. Situated directly across from Royal Oak Shopping Centre and just minutes from Broadmead Village, this +/- 2.7 acre vacant development site, consisting of four parcels, offers exceptional visibility with prominent frontage on both West Saanich Road and the Patricia Bay Highway.   Its central location provides excellent access to retail, dining, and everyday conveniences, as well as close proximity to a regional transit exchange, parks, walking trails, Saanich Commonwealth Place, schools, and more. The property is ideally positioned for tourism, residential and commercial development.   Currently zoned C-2 with permitted uses that include: Retail Sales of Goods and Services, Wholesaling Accessory to Retail Sales, Medical Services, Rental and Repair of Household Items, Tools, and Appliances, Personal Service, Office, Restaurant, Assembly, Apartment, Congregate Housing, Accessory Residential, Supplementary Off-Street Parking, Cable Hub Site, Beverage Container Depot, Daycare, Adult Daycare, Child.   OCP Designation: Royal Oak Centre – supports mixed-use residential/commercial mid-to-high-rise buildings up to 12 storeys. Potential Density: Up to 3.5 FSR (subject to approvals).   The District of Saanich is currently proceeding with rezoning of the parcels to increase permitted density, height and to include tourist accommodation (hotel) as permitted use. As part of one of Saanich’s designated growth centres, this property provides a rare opportunity for developers to create a landmark mixed-use project in the largest municipality within Greater Victoria.