Commercial Properties for Sale in Saanich

Victoria Retail for Sale

Marcus & Millichap's Western Canada NNN Group presents 1511 Admirals Road, View Royal, BC (the "Subject Property"), an 11,854 SF freestanding Rexall pharmacy on a corner site at Admirals Road and Glentana Road, surrounded by national tenants including Canadian Tire and Thrifty Foods (Sobeys). The property is 100% leased to Rexall Pharmacies (BC) ULC on a landlord-favourable NNN lease expiring October 31, 2031, with two successive five-year renewal options, approximately 5.5 years of remaining term, and backed by a tenant with a 122-year operating history and ~400 locations nationally.

Date on Market:

2026-05-22

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

Victoria Retail for Sale

This two-level light industrial strata unit offers investors and owner-occupiers a rare opportunity to secure a versatile property in Victoria’s highly desirable Gorge–Selkirk industrial district. The 2,080-square-foot unit provides functional space with 9-foot ceilings on the main floor and 8-foot 6-inch ceilings on the upper floor, with the potential to install a bay door for enhanced operational flexibility. Situated in a well-maintained complex, the property ensures easy access to downtown Victoria while connecting seamlessly to major arterial routes and transit corridors. The zoning supports a variety of uses, including bakeries, clubs, and professional services, making it appealing for businesses seeking proximity to commercial and residential hubs. Two dedicated on-site parking stalls add convenience, while the Garballey Limited-Service District zoning creates a wide array of permitted uses, perfect for long-term adaptability and value retention. Positioned minutes from the Bay Street Bridge, Point Hope Maritime, and other key landmarks, this unit places businesses in a prominent location for both access and visibility. With strong underlying demand in a supply-constrained market and immediate availability slated for July 2026, this property is a compelling acquisition for those seeking security, versatility, and competitive positioning in Victoria’s industrial real estate market.

Property Subtype:

Storefront Retail/Office

Date on Market:

2026-06-29

Victoria Multifamily for Sale

Opportunity to acquire a prime ground floor commercial strata unit along Oak Bay Avenue, ideal for those seeking to own their own real estate. This ±2,105 SF retail unit is currently leased to RBC, who have indicated a willingness to terminate their lease and vacate the premises upon sale. Alternatively, a purchaser can elect to maintain the existing tenancy through its expiry in May 2027, providing near-term income stability. The unit benefits from extensive infrastructure, mechanical, and electrical upgrades completed by RBC, offering a high-quality and functional space for a range of users. The premises feature direct frontage and access from Oak Bay Avenue, along with a rear exit connecting to second-level commercial tenant parking, providing convenient accessibility for both customers and staff.

Property Subtype:

Apartment

Date on Market:

2026-06-26

Victoria Office for Sale

Prominently situated at street level along the south side of Oak Bay Avenue, the east side of McGregor Avenue and the west side of Terrace Avenue, in the Rockland neighbourhood of Victoria. The strata unit is comprised of 1,498 square feet and offers premium office space with direct access from the street, excellent signage opportunity, and ample parking with 2 dedicated parking stalls and 17 visitor stalls. The strata benefits from high-end finishings throughout and is built-out with a beautiful reception area, 5 offices, a kitchen/staff room, a large boardroom, in-suite washroom and common area washrooms. Zoned TCD-1, it's well suited to a variety of personal, medical, professional services, etc. It’s proximity to Oak Bay’s Village Centre, access to transit, and its urban streetscape make it a desirable place to work and invest. The property provides an excellent owner user and/or investment opportunity as the commercial space will be provided vacant on closing.

Date on Market:

2026-06-26

Victoria Retail for Sale

661 Burnside Road East offers owner-occupiers the ability to acquire their own real estate while occupying all or a portion of the ground floor, complemented by stable rental income from second-floor tenants. For investors, the property presents a compelling value-add opportunity through the lease-up of the ground floor, enhancing overall income and long-term returns.

Date on Market:

2026-06-05

Victoria Industrial for Sale

3950 Carey benefits from its highly centralized location and in place industrial zoning. Located beside major regional transportation routes such as McKenzie Avenue, the Trans-Canada Highway and the Patricia Bay Highway, the property has been home to a commercial bakery for many years. The existing bakery is expanding into a new building and will be providing vacant possession with all bakery equipment removed leaving an improved shell. This property provides an expansive floor plan with dock loading, ample power and upside with the utility of a 2nd floor that can be used for manufacturing or offices.

Property Subtype:

Food Processing

Date on Market:

2026-05-29

Victoria Multifamily for Sale

Perfectly positioned in a high-visibility location, the property offers unmatched convenience with easy access to downtown Victoria, major transit routes, and a wide range of nearby amenities including Hillside Mall, Fairway Market, Save-On-Foods Memorial Centre, Cascadia Liquor, 5th Street Bar & Grill, and the shops and cafés of Quadra Village.

Property Subtype:

Apartment

Date on Market:

2026-05-15

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 Multifamily for Sale

Wellington Manor is a four-storey, wood-frame, low-rise apartment building comprising 36 suites and situated on an approximately 30,797-square-foot lot at 1670 Fort Street in Victoria, British Columbia. Located in the highly desirable Jubilee neighbourhood, the property is surrounded by extensive amenities, including the Royal Jubilee Hospital, medical offices, schools, and grocery-anchored retail plazas, while also being just minutes from Victoria’s downtown core. Built in 1965, the building features a concrete foundation, Fort Street access and egress, and a gross building area of approximately 30,797 square feet. The exterior has been thoughtfully updated with a vibrant mid-century modern aesthetic, incorporating accent panels and modernized address signage that create a strong street presence. The suite mix includes twenty-three one-bedroom units and thirteen two-bedroom units, with 18 units renovated or upgraded since 2019. Additional features include common laundry facilities, extensive tenant storage options totaling 36 lockers, hot water baseboard heating via a gas boiler, and a 600-amp electrical service with 60 amps to each unit. With stable in-place income and future rental upside potential, Wellington Manor represents a compelling investment opportunity within Victoria’s resilient multifamily market.

Property Subtype:

Apartment

Date on Market:

2026-04-08

Victoria Land for Sale

Colliers is pleased to present the unique opportunity to acquire 2900 Douglas Street, Victoria, BC located on one of the busiest intersections in Victoria with exposure and access on Douglas Street and Burnside Road East.

Property Subtype:

Commercial

Date on Market:

2026-03-02

Victoria Multifamily for Sale

Devon Properties is pleased to present a unique opportunity to acquire a 100% interest in Midtown Mews – a prominently located mixed-use multifamily investment offering situated in Victoria’s thriving Burnside neighbourhood. Comprised of 24 residential units and 6 ground-floor commercial retail units, the property benefits from a history of stable rental income. Strategically positioned off Burnside Road East and Finlayson Street, Midtown Mews enjoys strong exposure and connectivity between the Saanich Core and Downtown Victoria. Renovated in 2010, a majority of suites feature in-suite laundry. Spanning three storeys, the building offers a favourable mix of bachelor, one- and two- bedroom units appealing to a diverse and stable tenant base. With strong in-place income and clear potential for future rental growth, Midtown Mews presents a rare opportunity to acquire a stable, income-producing asset.

Property Subtype:

Apartment

Date on Market:

2026-02-19

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 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 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 Land for Sale

Colliers is pleased to present an exceptional opportunity to acquire a prime redevelopment site in Saanich, BC, located at 41, 43, 51 Cadillac Avenue (collectively the “Property”). The ±16,800 SF property falls within a Provincially designated Transit-Oriented Area (TOA), allowing for a minimum density of 10 storeys and 3.5:1 FSR. Given the TOA designation, no parking is required. Within the Core designation of Saanich’s Uptown Douglas Plan, the Property is designated for high-rise buildings with a base of 12 storeys and a max of 18 storeys.

Property Subtype:

Commercial

Date on Market:

2025-09-19

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