4660 Elk Lake Dr
Victoria, BC V8Z 5M1
Land For Sale · 1.80 AC

Colliers is pleased to present an exceptional opportunity to acquire a prime redevelopment site in Saanich, B.C., located at 4660 Elk Lake Drive. The ±1.80-acre property falls within a Provincially designated Transit-Oriented Area (TOA), allowing for a minimum density of six-storeys and 2.5:1 floor space ratio (FSR), translating to approximately 196,007 buildable square feet (BSF). This well-located property offers significant potential for mixed-use or multifamily redevelopment in a high-growth corridor with direct access to regional transportation, retail amenities, and recreation.Conveniently located in the Royal Oak neighbourhood, within walking distance of several landmarks and amenities, Elk/Beaver Lake Regional Park, Saanich Commonwealth Place, and Rithet’s Bog, as well as a variety of nearby local restaurants, retail outlets and service establishments, such as the Royal Oak Shopping Centre and Broadmead Village Shopping Centre.