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3385-3405 Shelbourne St 0.74 Acres of Commercial Land Offered at $6,800,000 CAD in Saanich, BC V8P 4G1
Executive Summary
This fully zoned multi-family development site comes with Building Permit (BP) ready for pick up at Saanich Municipal Hall for 95 units. While originally designed as a strata-titled condominium project, the flexible zoning and unit mix make it equally well-suited for a purpose-built rental development. The opportunity is further enhanced by the potential to increase unit count from 95 to 97 through three-bedroom conversions, maximizing yield and long-term value. Located steps from Hillside Center, Saanich Plaza, and University of Victoria, the site benefits from excellent connectivity and walkability.
Property Facts
| Price | $6,800,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.74 AC |
| Price | $6,800,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.74 AC |
1 Lot Available
Lot
| Price | $6,800,000 CAD | Lot Size | 0.74 AC |
| Price Per AC | $9,189,015.34 CAD |
| Price | $6,800,000 CAD |
| Price Per AC | $9,189,015.34 CAD |
| Lot Size | 0.74 AC |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
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3385-3405 Shelbourne St
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