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7221 Peden Lane

$995,000

Brentwood Bay

Land— · — · —25 days on market

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About this home

Rare Waterview Commercial Opportunity – Brentwood Bay A unique chance 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 (~4,400 buildable sq. ft.). Ideal for restaurants, cafés, medical clinics, dental, daycare, professional offices, or wellness/spa uses supporting the Brentwood Bay village core. Positioned steps from the waterfront, marinas, and Brentwood Bay Lodge, this location aligns with OCP objectives encouraging vibrant, pedestrian-oriented commercial services. Why lease when you can own in one of the Peninsula’s most supply-constrained retail nodes? Strong demand exists for food service, childcare, and health-based services in the immediate area. Buyer to verify zoning, permitted uses, and OCP guidelines with the District of Central Saanich. Clean Phase 1 environmental report. (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Every recorded listing event for this property — sales, relists, expired or withdrawn listings.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

    Active25 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)

2

Pending

0

All active listings

36

Months of supply

24

Buyer's market — 24 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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