About 7221 Peden Lane
Rare Waterfront Village Development Opportunity – Brentwood Bay A unique chance to secure an almost waterfront development site in the heart of Brentwood Bay’s seaside village. This C-3 zoned lot offers ocean views, full servicing, and an immediate path to development in one of Vancouver Island’s most desirable communities. With an existing 0.6 FAR and 3-storey allowance, the site provides up to 4,400 sq. ft. buildable. Concept plans include two luxury 3-bedroom + den residences (1,740 sq. ft. each) with ocean views, paired with two 420 sq. ft. commercial/office units at street level. Each side offers private parking and gated entry, designed in harmony with the Brentwood Bay Lodge & Spa across the street. This is an infill opportunity with resale values projected at $1,000+ per sq. ft., offering strong upside for both developers and investors. Buyer to verify zoning, OCP, and all development details with the District of Central Saanich.
Features of 7221 Peden Lane
| MLS® # | 1013069 |
|---|---|
| Price | $995,000 |
| Acres | 0.15 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 7221 Peden Lane |
|---|---|
| Area | CS Brentwood Bay |
| City | Central Saanich |
| County | Capital Regional District |
| Province | BC |
| Postal Code | V8M 1C5 |
Amenities
| Utilities | Electricity Available, Natural Gas Available |
|---|---|
| View | Ocean |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Construction | See Remarks |
|---|
Additional Information
| Date Listed | September 5th, 2025 |
|---|---|
| Days on Market | 39 |
| Zoning | C-3 |
Listing Details
| Office | Coldwell Banker Oceanside Real Estate |
|---|