Commercial Properties for Sale in Saanich

Victoria Retail for Sale

Newmark Canada is pleased to present the exclusive opportunity to acquire an open-air, grocery-shadow anchored retail centre in Greater Victoria, BC. This institutional grade investment offers a complimentary tenant mix, anchored by national brands such as Shoppers Drug Mart, Dollarama and BC Liquor Store. Located in a high-growth Greater Victoria market with rising incomes and favourable affordability, the subject site is surrounded by active multi-phase development, driving sustained retail demand and is well positioned for long-term mixed-use densification with redevelopment upside. Please reach out directly for more information.

Property Subtype:

Freestanding

Date on Market:

2026-03-17

Central Saanich Industrial for Sale

Situated at the corner of Bryn Road and Verling Avenue in an industrial enclave within the Keating Industrial Park. Located 20 minutes to downtown Victoria and the BC Ferries to the north, the surrounding neighborhood is a mix of farmland, single family homes and industrial/commercial buildings. Constructed in 2002, this property features clear span 20’ ceilings, professional offices, with extensive landscaping and wonderful curb appeal. The premises has been well maintained and professionally managed by its current owner. The subject property is zoned I-1 (Light Industrial). This zoning permits a wide range of uses including, but not limited to: warehousing, wholesale, retail sales of home furnishing and limited light industries etc. 1,600 amp 3 phase service Professional office space Heat pumps for office Forced air gas heaters for warehouse Four 2 pc washrooms and one 5 pc unisex washroom 2 loading docks to grade level platform 4 grade level loading doors Metal and torch on roof Zoned I-1 (Light Industrial)

Property Subtype:

Service

Date on Market:

2026-02-13

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.

Property Subtype:

Commercial

Date on Market:

2026-04-23

Victoria Retail for Sale

Gas Classics is a full service and restoration auto repair company specializing in classic vehicles. Located on the prominent corner of Vanalman and Glanford Avenue in the Royal Oak Industrial Park and one block removed from the Pat Bay Highway, the location is centre ice for Victoria and our surrounding communities. 4233 Glanford is an opportunity to acquire a prominent location with a unique zoning allowing for a broad range of uses, including auto sales.

Date on Market:

2026-04-23

Victoria Retail for Sale

This fully leased mixed-use property offers investors a rare opportunity to acquire a stabilized income-producing asset in one of Victoria’s most dynamic corridors. Positioned at the high-traffic intersection of Quadra Street and Tolmie Avenue, the property benefits from exceptional visibility and accessibility, just minutes from Downtown Victoria and key arterial routes. The ground floor features a 2,590 sq ft commercial showroom leased to Arctic Spas, ensuring a strong retail presence. Above, the residential component includes one 1-bedroom unit, two 2-bedroom units, and a top-floor 2-bedroom plus den penthouse with a private rooftop patio and sweeping city views. Recent capital improvements, including major upgrades in 2019 and additional residential updates, enhance long-term asset value and reduce near-term maintenance risk. With a diversified tenant mix and full occupancy, this property delivers immediate cash flow and long-term appreciation potential. Offered below assessed value, it represents a compelling investment in a supply-constrained market. Updated appraisal and financials are available upon execution of a confidentiality agreement.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2026-03-16

Victoria Land for Sale

Incredible Development Opportunity for Builders & Investors! Proposed Lot A offers approx. 12,694 sqft of prime, flat building site awaiting final subdivision approval for 4 detached strata houses—each thoughtfully designed by Zebra designs at approx. 2,600 sqft, with 3 beds & 3 baths on the main and a 1 bed,1 bath legal suite! Located on a quiet, tree-lined street, this site is steps to the Gorge Waterway—perfect for summer swimming, kayaking & paddleboarding. Enjoy a short stroll to a brand new children’s park, complete with a BMX bike park and basketball court. The Galloping Goose Trail is at your doorstep, offering a 10-minute bike ride to Downtown Victoria, Uptown, or Mayfair Mall. Victoria’s vibrant microbrewery district, Glo Europub & Arbutus Park, a rare off-leash waterfront dog park just down the street. This is an unbeatable lifestyle location and a rare potential development opportunity in one of Victoria’s most connected, up-and-coming neighbourhoods. Call for more details.

Property Subtype:

Commercial

Date on Market:

2026-02-12

Victoria Land for Sale

Colliers is excited to present this centrally located townhome development site in the desirable Oaklands neighbourhood of Victoria, B.C.

Property Subtype:

Commercial

Date on Market:

2026-02-11

Victoria Industrial for Sale

Date on Market:

2026-02-02

Victoria Land for Sale

The property has been rezoned with approval of a Development Permit by the District of Saanich Council, changing from RS-6 (Single Family Dwelling) to RA-11. As a result, this combined 31,345 SF site is now approved for construction of a 6-storey, 73-unit condominium building comprising a gross floor area of 70,501 SF. The project is grandfathered under the 2018 Building Code for seismic and adaptability requirements, allowing for substantial construction cost savings compared to newer code requirements. In addition, the 3 single family homes provide nominal interim rental holding income during any pre-development phase. Located in close proximity to retail and service amenities in Saanich Centre, major transit routes as well as recreational options such as Annie Park and the Lochside Regional Trail system, the site offers excellent connectivity as well as walkability.

Property Subtype:

Commercial

Date on Market:

2026-01-21

Victoria Office for Sale

Property Subtype:

Medical

Date on Market:

2025-12-10

Victoria Multifamily for Sale

Avison Young is pleased to present this opportunity to purchase this Oak Bay Avenue strata investment property. With an excellent national covenant tenant in place, this is a unique opportunity on one of Victoria’s most sought-after corridors

Property Subtype:

Apartment

Date on Market:

2025-12-03

Victoria Portfolio of properties for Sale

This versatile assembly offers stable cash flow from the VCA lease, with immediate functionality for owner-occupiers with 3892 Carey Road being completely vacant, or investors could lease out the units and increase their return. The properties also offer great long-term development potential, with a total site size of 20,880 square feet. 3892 Carey Road is currently demised into 4 commercial retail units on the main level, with a large 2 bedroom residential unit on the second level, all of which are currently vacant. This provides owners with the flexibility of occupying some or all of the building for their own use and leasing out the remaining units for additional cash flow. The C-2 zoning allows for a wide range of uses including retail, medical services, office, restaurant, apartment and daycare use to name a few. 3890 Carey Road is a 4,645 SF building leased to VCA, as a legal non-confirming vet use. Their lease runs until March 31, 2027 with two further options to renew, each for a term of 5 years. This provides owners with a stable source of cash flow

Date on Market:

2025-11-18

Victoria Multifamily for Sale

Colliers is proud to present Ashford Court, a well maintained 18-unit apartment building located in Victoria’s highly sought-after South Jubilee neighborhood. Near the border of Oak Bay, the property benefits from being directly on a transit route, walking distance to amenities such as the Urban Grocer and Save-On-Foods, and a stable tenant mix. This 4-storey wood-frame building is situated on a 13,960 square foot lot and features a desirable mix of spacious one and two bedroom suites.

Property Subtype:

Apartment

Date on Market:

2025-11-14

Victoria Office for Sale

Strategically located in the Royal Oak node of Saanich, 4520 West Saanich Road presents a compelling opportunity for owner-occupiers, developers, or investors seeking a well-positioned commercial asset with immediate utility and long-term upside. This standalone office building spans two floors totaling 3,329 square feet and sits on a 9,450-square-foot parcel with 18 surface parking stalls, offering both functionality and visibility in a high-demand corridor. The property features modern interior finishes, including private offices, reception areas, meeting rooms, and break spaces across both levels. With flexible tenancies currently in place, purchasers have the option to maintain holding income or secure vacant possession for immediate occupancy. The building’s prominent signage potential and direct access to West Saanich Road enhance its appeal for professional services, medical, or administrative users. Designated within the 400-meter Transit-Oriented Area (TOA) and identified as a Primary Growth Area in the Saanich Official Community Plan (OCP), the site is primed for future redevelopment. Provincial TOA guidelines support a minimum 2.5:1 FAR and six-storey density, with municipal openness to alternative proposals. The C2 zoning allows a wide range of uses including retail, office, medical, daycare, and residential, providing flexibility for repositioning. Surrounded by major retail anchors such as Thrifty Foods, Canadian Tire, and Tim Hortons, and within walking distance to Royal Oak Shopping Centre and Saanich Commonwealth Place, the location offers excellent amenity access. Downtown Victoria is just a 15-minute drive, with Swartz Bay Ferry Terminal and Victoria International Airport reachable within 25 and 20 minutes respectively.

Date on Market:

2025-10-22

Victoria Industrial for Sale

Positioned in Victoria’s highly sought-after Rock Bay industrial district, 565 David Street presents a rare opportunity to acquire a meticulously upgraded freestanding showroom and warehouse. This 6,640 SF facility combines robust concrete block construction with refined interior finishes, offering both operational efficiency and elevated presentation. The main level spans 5,800 SF with soaring 15-foot ceilings, while the 840 SF mezzanine includes a luxury boardroom and four private offices, ideal for executive or client-facing functions. The property features two 12’ x 12’ electric overhead glass loading doors, automatic security shutters, and polished concrete and tile flooring throughout. A complete car detailing bay with compressed air, radiant gas heat, and floor drain enhances its utility for automotive or specialty industrial users. The reception area is outfitted with a built-in cappuccino machine, dishwasher, fridge, and wall-mounted TV, creating a welcoming and professional environment. With direct access to Highways 1 and 17, the site offers exceptional connectivity across Greater Victoria. Prominent signage opportunities and flexible M-2 zoning further support a wide range of business uses. Fully renovated in 2015 with over $350,000 in upgrades, this asset is move-in ready and ideal for owner-users or investors seeking a premium industrial footprint in a central location.

Property Subtype:

Showroom

Date on Market:

2025-10-13

Victoria Industrial for Sale

Date on Market:

2025-09-04

Victoria Office for Sale

Rarely available opportunity to purchase an exceptionally large C-4B Office zoned strata property in the sought after Broadmead Office Park (Aspen Building), centrally located to serve the Greater Victoria area. Easy access and egress off the Pat Bay Highway via Quadra Street and convenient parking affords both staff and visitors a pleasant on-site experience. The existing IG Wealth Management tenancy expires October 31, 2025, meaning an investor or owner / occupier will have vacant possession of the Premises November 1, 2025.

Date on Market:

2025-03-06

Victoria Industrial for Sale

CBRE Victoria is pleased to present the opportunity to purchase a 19,483 SF industrial strata unit centrally located in the Esquimalt Industrial Park at 808 Viewfield Road. Unit 103 features quality tilt up concrete construction, 30 foot clear heights, 400 amp service and full HVAC. The +/- 7,300 SF limited common property yard area provides 13 parking stalls and loading, with an additional 40+ parking stalls available after business hours. The unit is tenanted on a brand new 5-year lease with annual escalations, providing investors with secure long term income.

Property Subtype:

Warehouse

Date on Market:

2025-02-24

Central Saanich Retail for Sale

0.92-acre site located at the Gateway to Brentwood Bay Village. Turn-Key restaurant in place suitable for an owner-occupier* or investor with future development potential

Property Subtype:

Restaurant

Date on Market:

2024-10-03

Saanich Retail for Sale

This two storey mixed retail and office property is centrally located in the heart of Ambleside’s Business and Shopping District. It is a Heritage Building which has been extensively renovated over the years and offers Elevator access, windows that open, front door public transit and a half a block walk to beach and Seawall. Business neighbours include Starbucks, Fresh Street Market and Royal Bank.

Property Subtype:

Freestanding

Date on Market:

2024-06-11

Victoria Office for Sale

The Victoria Press Building is a landmark property in the heart of Victoria’s rapidly evolving Midtown district. This fully revitalized, heritage-designated building offers an impressive 115,581 SF of commercial space across expansive, flexible floor plates designed for modern businesses. With its campus-style layout, soaring ceilings, and abundant natural light, the property creates an inspiring environment for commerce, culture, and creativity. Positioned between Douglas and Blanshard Streets, and minutes from downtown Victoria, this location provides exceptional connectivity to major transit routes, Uptown Saanich, and Victoria’s vibrant urban core.

Date on Market:

2026-01-29

Victoria Flex for Sale

Rare opportunity to acquire a versatile industrial property located on a quiet cul-de-sac just off Burnside Road, offering excellent accessibility and functional space for a variety of business uses. This well-located property features approximately 3,000 sq. ft. of office space, complemented by an additional 2,000 sq. ft. of warehouse area, providing a flexible layout suited for operations, storage, or light industrial use. The office building offers a practical and comfortable work environment with four private offices, a meeting space, kitchen area, laundry, and a 3-piece bathroom, creating a fully functional workspace for administrative and operational needs. Large windows throughout the office areas bring in natural light, while the layout provides multiple workspaces suitable for offices, consulting rooms, or collaborative areas. The adjoining warehouse space includes an oversized door, allowing convenient access for deliveries, equipment, or vehicle storage. This portion of the property provides excellent utility for trades, storage, or light industrial operations. Situated on a fenced lot with parking for up to 10 vehicles, the property offers secure on-site parking and yard space, an increasingly valuable feature in this central industrial location. With its flexible configuration and strategic positioning near major transportation routes and commercial services, this property presents strong potential for owner-occupiers, investors, or those exploring future redevelopment opportunities. A rare offering in a highly accessible industrial pocket of the city.

Date on Market:

2026-03-20

Victoria Retail for Sale

Prime Investment Opportunity! Offered for the first time on the market,1881 Fort St represents a rare opportunity to acquire a well-established neighborhood strip mall in one of Victoria’s most sought-after and resilient locations. Ideally positioned directly across from Royal Jubilee Hospital, this property benefits from constant daily traffic, exceptional visibility, and a built-in customer base that supports long-term stability. This attractive strip mall is home to excellent tenants operating under strong leases with built-in escalation clauses, providing reliable income growth and peace of mind for the discerning investor. The tenant mix is well suited to the surrounding community and hospital presence, contributing to consistent demand and low vacancy risk. A true long-term hold, this asset combines location, income security, and future upside, qualities rarely found together in today’s market. Whether you are expanding an existing portfolio or seeking a cornerstone investment, a genuine gem in the Victoria commercial landscape

Property Subtype:

Freestanding

Date on Market:

2026-02-18