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3925 Quadra St 0.72 Acres of Commercial Land Offered at $4,478,442 USD in Victoria, BC V8X 1J3

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INVESTMENT HIGHLIGHTS

Fully rezoned and development permit approved for 73 units
EV-ready underground parking and bicycle storage
Strong demographics with $120K average household income

Grandfathered under 2018 Building Code for cost savings
Walkable to Saanich Centre, retail, and major transit routes

EXECUTIVE SUMMARY

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.

Brochure

PROPERTY FACTS

Price	$4,478,442 USD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Apartment Units
No. Lots	1	Total Lot Size	0.72 AC
Property Type	Land
Zoning	RA-11 - Apartment Zone

Price	$4,478,442 USD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units
Total Lot Size	0.72 AC
Zoning	RA-11 - Apartment Zone

1 LOT AVAILABLE

Lot

Price	$4,478,442 USD	Lot Size	0.72 AC
Price Per AC	$6,220,058.34 USD

Price	$4,478,442 USD
Price Per AC	$6,220,058.34 USD
Lot Size	0.72 AC

This 0.72 acre, fully rezoned multi-family development site strategically located in Saanich offers a rare opportunity to build scale in one of Greater Victoria’s most supply constrained housing markets.

DESCRIPTION

Situated in the heart of Saanich, the property is within walking distance to neighbourhood amenities such as Saanich Centre (featuring Thrifty Food’s, London Drugs, Liquor Plus, Starbucks, and more), TD Bank, Anytime Fitness and Annie Park. Its location along major transit routes and proximity to the Lochside Regional Bike Trail offers connectivity to the wider region including the University of Victoria, Uptown Shopping Centre and downtown Victoria. The immediate area is surrounded by multi-family developments, contributing to a stable and highly desirable rental community

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