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University Heights 3980 Shelbourne St 1,095 - 4,039 SF of 4-Star Retail Space Available in Victoria, BC V8N 6J1
Highlights
- 196,650 SF of total commercial GLA, including 185,350 SF of retail and 11,300 SF of office (office fully leased).
- Immediate proximity to UVic and Camosun College, supporting ~40,000 students plus faculty and staff.
- Anchored by major national retailers, including Save-On-Foods and Home Depot.
- Strategic location at Shelbourne St & McKenzie Ave, the busiest intersection in Saanich with strong transit access.
- 593 residential units integrated into the overall redevelopment.
- Robust parking infrastructure with 460 surface stalls and 224 underground stalls.
All Available Spaces(3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
University Heights features between 1,000 and 4,500 square feet of retail space, with office space that is 100% leased. The total commercial gross leasable area is 196,650 square feet, complemented by 593 residential units. Anchored by Save-On-Foods and Home Depot, the project is located in the heart of the District of Saanich. University Heights will deliver a sustainable and inclusive development, offering a diverse range of housing alongside a revitalized commercial core of essential shopping that will serve the community for many years to come
- Located in-line with other retail
University Heights features between 1,000 and 4,500 square feet of retail space, with office space that is 100% leased. The total commercial gross leasable area is 196,650 square feet, complemented by 593 residential units. Anchored by Save-On-Foods and Home Depot, the project is located in the heart of the District of Saanich. University Heights will deliver a sustainable and inclusive development, offering a diverse range of housing alongside a revitalized commercial core of essential shopping that will serve the community for many years to come
- Located in-line with other retail
University Heights features between 1,000 and 4,500 square feet of retail space, with office space that is 100% leased. The total commercial gross leasable area is 196,650 square feet, complemented by 593 residential units. Anchored by Save-On-Foods and Home Depot, the project is located in the heart of the District of Saanich. University Heights will deliver a sustainable and inclusive development, offering a diverse range of housing alongside a revitalized commercial core of essential shopping that will serve the community for many years to come
- Located in-line with other retail
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor, Ste B2-2 | 1,846 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | - | Now |
| 1st Floor, Ste D1-2 | 1,098 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | - | Now |
| 1st Floor, Ste D1-3 | 1,095 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | - | Now |
1st Floor, Ste B2-2
| Size |
| 1,846 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
1st Floor, Ste D1-2
| Size |
| 1,098 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
1st Floor, Ste D1-3
| Size |
| 1,095 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
1st Floor, Ste B2-2
| Size | 1,846 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Condition | - |
| Available | Now |
University Heights features between 1,000 and 4,500 square feet of retail space, with office space that is 100% leased. The total commercial gross leasable area is 196,650 square feet, complemented by 593 residential units. Anchored by Save-On-Foods and Home Depot, the project is located in the heart of the District of Saanich. University Heights will deliver a sustainable and inclusive development, offering a diverse range of housing alongside a revitalized commercial core of essential shopping that will serve the community for many years to come
- Located in-line with other retail
1st Floor, Ste D1-2
| Size | 1,098 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Condition | - |
| Available | Now |
University Heights features between 1,000 and 4,500 square feet of retail space, with office space that is 100% leased. The total commercial gross leasable area is 196,650 square feet, complemented by 593 residential units. Anchored by Save-On-Foods and Home Depot, the project is located in the heart of the District of Saanich. University Heights will deliver a sustainable and inclusive development, offering a diverse range of housing alongside a revitalized commercial core of essential shopping that will serve the community for many years to come
- Located in-line with other retail
1st Floor, Ste D1-3
| Size | 1,095 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Condition | - |
| Available | Now |
University Heights features between 1,000 and 4,500 square feet of retail space, with office space that is 100% leased. The total commercial gross leasable area is 196,650 square feet, complemented by 593 residential units. Anchored by Save-On-Foods and Home Depot, the project is located in the heart of the District of Saanich. University Heights will deliver a sustainable and inclusive development, offering a diverse range of housing alongside a revitalized commercial core of essential shopping that will serve the community for many years to come
- Located in-line with other retail
Property Facts
| Total Space Available | 4,039 SF | Apartment Style | Mid-Rise |
| No. Units | 593 | Building Size | 648,493 SF |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment |
| Total Space Available | 4,039 SF |
| No. Units | 593 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 648,493 SF |
| Year Built | 2025 |
About the Property
University Heights in Saanich (Greater Victoria), BC offers a significant commercial leasing opportunity within a major mixed-use redevelopment. Upon completion, the project will deliver 196,650 SF of commercial space, including a large-format retail component and fully leased office space, supported by 593 new residential units. Anchored by Save-On-Foods and Home Depot, the centre is positioned to become a revitalized commercial hub serving an established and growing trade area. Designed as a sustainable and inclusive community node, the development brings together essential retail, housing, and excellent transit accessibility. University Heights is located at the northwest corner of Shelbourne Street and McKenzie Avenue, the busiest intersection in Saanich and a major public transportation corridor. The site benefits from direct proximity to UVic and Camosun College, contributing approximately 40,000 students plus faculty and staff to the immediate trade area. The project includes extensive surface and underground parking, strong demographic support, and convenient access via multiple major routes. This location offers excellent exposure and connectivity within one of Greater Victoria’s most active commercial districts.
Nearby Major Retailers
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University Heights | 3980 Shelbourne St
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