Oak Bay Commercial Land Properties for Sale

Commercial Real Estate in Oak Bay available for sale

Oak Bay Commercial Land for Sale

3385-3405 Shelbourne St

Saanich, BC V8P 4G1

Land for Sale
$6,800,000 CAD
0.74 AC Lot

Saanich Land for Sale

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.

Contact:

Colliers

Property Subtype:

Commercial

Date on Market:

2026-04-23

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2634 Currie Rd

Victoria, BC V8S 3B8

Land for Sale
$2,500,000 CAD
0.23 AC Lot

Victoria Land for Sale

Avison Young and Pemberton Holmes are excited to introduce this 10,268 square foot RM- 3 Zoned corner lot which is designated Multi- Unit Residential in the Oak Bay’s OCP and is adjacent to other high-density developments. The full side by side legal non-conforming duplex is in great condition, tenanted, and provides substantial holding revenue as you go through the entitlement of your project. Recent upgrades include appliances, flooring, painting, lighting, millwork, counters and plumbing. Other features include coved ceilings, French doors, updated electrical panels, detached two car garage with additional parking available in the driveway and detached pan abode studio. Just one block to the ocean, beaches, Oak Bay Marina, Windsor Park and just a short stroll to Oak Bay Avenue and Victoria Golf Club.