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

Saanich Land for Sale

Colliers is pleased to present the opportunity to acquire a rare and strategically located 1.75-acre development site in the Municipality of Saanich. The rezoning and Development Permit (DP) has received third reading approval for a 58-unit townhouse development. Offers can be made subject to adoption of zoning bylaw and ratification of DP. The proposed townhome development aims to provide the much-needed ground-oriented housing forms to the Gorge-Tillicum neighbourhood, offering an alternative to the traditional single-family home to a greater range of families and individuals.

Property Subtype:

Commercial

Date on Market:

2026-08-07

Victoria Flex for Sale

555 Hillside Avenue presents an opportunity to acquire a standalone commercial investment property within Victoria's established Rock Bay industrial district. The property combines current income characteristics with potential owner-occupier flexibility, making it suitable for investors, business owners, and users seeking a strategic foothold in one of Greater Victoria's most recognized industrial locations. The asset is improved with a standalone industrial building featuring warehouse and office components. The main level is owner occupied and includes warehouse and office accommodation, while the upper level is leased to a tenant on a flexible basis. This configuration offers potential for continued investment use, future owner occupancy, or a combination of occupancy and income generation. Dedicated front parking further supports operational efficiency for staff, customers, and service vehicles. Rock Bay serves as Victoria's primary industrial node and remains a key employment and business district within the region. The property's location provides convenient access to Downtown Victoria, the Trans-Canada Highway, and surrounding municipalities, supporting connectivity for industrial, trade, marine, and service-commercial users. The area's concentration of established businesses and limited supply of standalone industrial properties contributes to its continued appeal among occupiers and investors seeking centrally located industrial real estate. This offering provides the opportunity to secure a well-located industrial asset with existing occupancy, flexible future use options, and direct exposure to one of Victoria's most established commercial and industrial corridors.

Date on Market:

2026-07-24

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 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 Land for Sale

Colliers is pleased to present a rare opportunity to acquire a large-scale light industrial development site on the edge of downtown Victoria. The property benefits from immediate access to two of the city’s primary arterial routes, offering exceptional connectivity for a variety of industrial and commercial users. The Government and Queens consolidated land assembly is ±2.0-acres in size and represents unmatched scale within Victoria’s urban core, featuring approximately 243 feet of prominent Government Street frontage. In addition to the Government and Queens assembly, the package also includes a +/-7,200 sf lot on Discovery Street with a standalone warehouse. The offering is further enhanced by secure holding income, providing investors with near-term cash flow while preserving long-term redevelopment potential.

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

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

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 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

Ashford Court is an 18-unit apartment building located at 1760 Fort Street in Victoria’s South Jubilee neighborhood, near the Oak Bay boundary. The property offers investors the opportunity to acquire a fully occupied rental asset within one of Victoria’s most established residential districts. The building is situated on a ±13,960-square-foot site and features a mix of primarily two-bedroom suites, supporting broad tenant appeal and long-term rental demand. The property's location contributes significantly to its investment profile. Positioned along a major transit corridor, Ashford Court provides convenient access to downtown Victoria, the University of Victoria, and Camosun College. Residents benefit from walkable access to daily amenities including grocery stores, restaurants, cafes, pharmacies, and recreational facilities. Royal Jubilee Hospital is located within walking distance, providing a major nearby employment anchor and supporting consistent housing demand in the area. Operationally, the asset features separately metered hydro for most units, natural gas hot water radiant heating, on-site laundry facilities with seller-owned equipment, storage lockers, and surface parking for residents and visitors. The building reports 100% occupancy and includes 14 paved parking stalls and 17 storage lockers. Investors may also recognize potential income growth through future tenant turnover where rents may be adjusted to market conditions in accordance with applicable regulations. Victoria continues to experience limited rental housing supply and sustained demand from healthcare, education, government, and service-sector employment bases. Ashford Court combines a central location, stable occupancy, and established tenancy within a mature urban neighborhood.

Property Subtype:

Apartment

Date on Market:

2025-11-14

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

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

Central Saanich Office for Sale

Jones Lang Lasalle Real Estate Services, Inc. (“JLL”) is pleased to offer for sale a 100% freehold interest in 2261 Keating Cross Road, Central Saanich, British Columbia (the “Property” or “Gateway Tech Park”) – a centrally located suburban business park encompassing 180,575 square feet of building area and 577 on-site parking stalls. Gateway Tech Park encompasses a modern two-storey flex office building on a sizeable 4.92-acre parcel at the east end of the Keating Business District. As the leading business park complex on the Saanich Peninsula, the Property has attracted and maintained a strong tenancy profile with secure on-site parking, large format floorplates, and unrivaled accessibility via the Pat Bay Highway. Distinguished by its diverse and strong credit rated tenancy profile, the Property is anchored by Emergency Management BC, BC Emergency Health Services, PBC Solutions (Pacific Blue Cross), and AML Oceanographic, collectively occupying 64.3% of the rentable area. Furthermore, the business park’s flexible zoning has enabled convenience retail tenants and amenities including Anytime Fitness, Allegro Performing Arts Centre, and RockCoast Chocolates. Located less than 20 minutes north of Downtown Victoria in the Keating Business District, the Property benefits from its proximity to the Victoria International Airport, BC Ferries Swartz Bay Terminal, and the Patricia Bay Highway. Accessibility to the highly amenitized area has recently increased with the completion of the $76.8 million Highway 17 Keating Cross Overpass Project, stimulating further economic growth and mitigating congestion in the node.

Date on Market:

2026-06-24

Victoria Land for Sale

Colliers is pleased to present this rare opportunity to acquire a 100% interest in 3200 - 3290 Shelley Street, a ± 3.23-acre site comprised of 46 strata-titled townhouses located directly across the street from Hillside Shopping Centre.

Property Subtype:

Commercial

Date on Market:

2026-05-15