Saanich Retail Spaces for Sale

Saanich Retail Space for Sale

1831 Oak Bay Av

Victoria, BC V8R 1C3

Retail for Sale
$1,200,000 CAD
1,959 SF
1 Unit Available

Victoria Health Care 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

Contact:

Avison Young - Victoria

Date on Market:

2025-12-03

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Carey Road Portfolio

Retail for Sale
$3,650,000 CAD
7,548 SF
2 Retail Properties

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

Contact:

Colliers

Date on Market:

2025-11-18

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1020 Hillside Av

Victoria, BC V8T 2A3

Retail for Sale
$1,150,000 CAD
1,927 SF

Victoria Retail for Sale

Colliers is pleased to present the opportunity to acquire a standalone office/retail building located in the vibrant Quadra Village District. Offering excellent exposure along Hillside Avenue, the property benefits from high traffic counts, strong pedestrian visibility, and convenient access to Downtown Victoria, Hillside Shopping Centre, and Mayfair Shopping Centre. Previously occupied by a Member of the Legislative Assembly (MLA) office for over 20 years, this property is ideally suited for professional office, or boutique retail users seeking an established and accessible location.

Contact:

Colliers

Date on Market:

2025-10-29

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4520 W Saanich Rd

Victoria, BC V8Z 3G4

Office for Sale
$2,200,000 CAD
3,329 SF

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.

Contact:

CBRE, Limited

Date on Market:

2025-10-22

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More details for 5229 Cordova Bay Rd, Saanich, BC - Multifamily for Sale

Tiller + Grace - 5229 Cordova Bay Rd

Saanich, BC V8Y 2L1

Retail for Sale
$750,000 CAD
979 SF
1 Unit Available

Bicycle Storage
Kitchen

Saanich Multifamily for Sale

Offered at $750,000, this boutique commercial unit presents a compelling opportunity for owner-users or investors seeking a foothold in one of Victoria’s most affluent and rapidly growing coastal communities. The surrounding area boasts an average household income of $173,040 within a 1 km radius and is projected to see a 26% population increase by 2028. Approximately 6,000 vehicles pass the nearby intersection of Cordova Bay Road and Fenn Avenue daily, ensuring strong visibility and customer access. Located within a high-quality mixed-use development and steps from the beach, this property combines lifestyle appeal with strategic commercial viability. Whether launching a café, retail concept, or professional office, this space offers the infrastructure, location, and demographic support to thrive.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2025-08-08

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6719 W Saanich Rd

Central Saanich, BC V8M 1J5

Retail for Sale
$2,100,000 CAD
4,037 SF

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.

Contact:

Avison Young - Victoria

Property Subtype:

Restaurant

Date on Market:

2024-10-03

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491-495 Dupplin Rd

Saanich, BC V8Z 1B8

Retail for Sale
$2,950,000 CAD
10,700 SF

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.

Contact:

Avison Young - Victoria

Property Subtype:

Freestanding

Date on Market:

2024-06-11

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Retail Spaces for Sale in Saanich

View All Available Listings

How many retail spaces are available for sale in Saanich?

There are currently 8 retail spaces available for sale in Saanich, offering a unique opportunity for businesses to establish a presence.

How big are the retail spaces available for sale in Saanich?

The average size of retail spaces available for sale in Saanich is about 4,753 SF. The largest retail spaces available to buy is 10,700 SF and the smallest is 979 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for retail spaces in Saanich?

The average market cap rate for retail spaces for sale is about 4.14% based on data provided in Saanich. Learn more about how cap rates are calculated.

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