7221 Peden Ln

For Sale 46 Days
$995,000
beds
baths

7221 Peden Ln

For Sale 46 Days
$995,000
beds
baths

Highlights

Key insights

Description

Rare Waterfront Village Development Opportunity – Brentwood Bay A truly rare chance to secure an almost waterfront development site in the heart of Brentwood Bay’s seaside village. This C-3 zoned lot offers unobstructed ocean views, full servicing, and an immediate path to development in one of Vancouver Island’s most desirable coastal communities. With an existing 0.6 FAR and 3-storey allowance, the site provides up to 4,400 sq. ft. buildable. Current concept plans include two luxury 3-bedroom + den residences (1,740 sq. ft. each) with panoramic ocean views, paired with two 420 sq. ft. commercial/office units at street level. Each side offers private parking, gated entry, and design harmony with the landmark Brentwood Bay Lodge & Spa just steps away. The location is unmatched—across from marinas, cafés, restaurants, and the Mill Bay Ferry, with the 5-star Brentwood Bay Resort at your doorstep. Positive community engagement letters support the live-work concept, with the required 10% commercial space already incorporated. This is an infill opportunity with resale values projected at $1,000+ per sq. ft., offering strong upside for both developers and long-term investors. Buyer to verify zoning, OCP, and all development details with the District of Central Saanich. (id:63267)

Chris Troke of Coldwell Banker Oceanside Real Estate,
#1013069
updated 1 month ago.
Houseful checked MLS® for data 1 month ago.

Home overview

Location
  • Subdivision
    Brentwood bay
  • View
    Ocean view
  • Zoning description
    Unknown
Lot/ Land Details
  • Lot dimensions
    6615
Overview
  • Lot size (acres)
    0.15542763
  • Listing #
    1013069
  • Property sub type
    Other
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28822856/7221-peden-lane-central-saanich-brentwood-bay
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-2,653

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25 Years fixed, 20% down payment, % interest
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