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7221 Peden Lane

$995,000

Brentwood Bay

Land— · — · —36 days on market

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About this home

Rare Waterview Commercial Opportunity – Brentwood Bay Why lease when you can build and own for payments comparable to many commercial leases? Build-to-suit options, experienced custom builders, and financing solutions are available. Strong local demand exists for healthcare, childcare, food service, and professional services. Due diligence time is available for permits, approvals, and municipal review. Clean Phase 1 environmental report. A unique opportunity to secure a prime seaside commercial site at 7221 Peden Lane. Existing C-3 zoning permits a mix of neighbourhood-serving commercial uses with a 0.6 FAR and up to 3 storeys with roof top decks for amazing ocean views (~4,400 buildable sq. ft.). Ideal for restaurants, cafés, medical and dental clinics, wellness centres, daycare, and professional offices serving this rapidly growing community. Buyer to verify zoning, permitted uses, and OCP guidelines with the District of Central Saanich. (id:65179)

Property details

From the listing's public record.

Lot size

7,409 square feet

Taxes

$8,674/yr

Zoning

Unknown

View

Ocean view

Lot

Central locationLevel lotSouthern exposurePartially cleared

Price history

2 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Jul 2, 2026

    Listed $995,000

    Active36 days on marketMLS 1042065

  2. Apr 7, 2026

    Listed $995,000

    Ddf_delisted85 days on marketMLS 1031265

How this listing compares

Not enough recent sales in this area for reliable stats.

Current market in Brentwood Bay

Active (same type)

3

Pending

0

All active listings

36

Months of supply

36

Buyer's market — 36 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$711,000

Recent nearby sales

2 sales

  • 1208 Marchant Rd

    $510,000

    — · — · — · 223 days on market

    Sold May 15, 2026 · 88.7% of list

  • 1588 White Rd

    $1,000,000

    — · — · — · 28 days on market

    Sold Apr 28, 2026 · 93.5% of list

What would this home cost?

Estimate your monthly payment and total cash to close on this property — BC Property Transfer Tax included. Adjust the numbers for your situation.

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We don't guess a rate — talk to a broker for current Island rates and what you'd actually qualify for.

Property Transfer Tax is shown at the standard rate for this property type. First-time and newly-built exemptions apply to principal residences — for vacant land, they may apply if you build and occupy a home here (the amount depends on land plus construction cost). Talk to us about your situation.

Estimate

Monthly mortgage

—

Enter a rate to see the payment.

Loan amount

$995,000 − $199,000

$796,000

Down payment

20.0%

$199,000

Property Transfer Tax

$17,900

Legal / closing (est.)

$1,500

Cash to close

$218,400

Down payment + PTT + GST + legal estimate.

Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.

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More on this listing

View full listing & all photos on REALTOR.ca →

Interested in this home?

Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.

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