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1 Obed Ave
SW Gorge Saanich V9A 1H8

$3,200,000
Commercial Sale

Main Photo: 1 Obed Ave in Saanich: SW Gorge Multi Family for sale (Saanich West) : MLS®# 987766
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
987766
Prime Development Opportunity in Saanich. This is a rare opportunity to acquire a rezoned development site in a quiet residential neighborhood just off Gorge Road East, within the Saanich Municipality. The property comes with an approved Development Permit with no inclusionary housing requirements. The building plans are substantially completed for a 26-unit multi-family residential project, featuring a three-story design with a total gross building area of 27,993 SF. The well-designed suite mix includes 18 spacious one-bedroom units and 8 two-bedroom units, catering to diverse residence needs. The site’s gently sloping topography minimizes excavation requirements for the under-building parking level, optimizing construction efficiency.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
SW Gorge, Saanich West
Bathrooms:
- (Full:-/Half:-)
Lot Size:
19,354 sq. ft.
Taxes:
$10,959 / 2024
Commercial Area:
Core (excl Downtown)
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
3148000.0
Assessment year:
2025
Jurisdiction name:
District of Saanich (SD61)
Legal Description:
Lot A, Plan EPP126986, Section 11, Victoria Land District
Zoning:
RA-10
Occupancy:
Vacant
Total Units:
0
Date Listed:
Feb 10, 2025
Original Price:
3200000.0
  • Photo 1: 1 Obed Ave in Saanich: SW Gorge Multi Family for sale (Saanich West) : MLS®# 987766
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Listed by Colliers
Data was last updated May 9, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$995,000
Min list price:
$135,000
Max list price:
$6,400,000
Avg days on market:
88
Min days on market:
8
Max days on market:
521
These statistics are generated based on the current listing's property type and located in Saanich West. Average values are derived using median calculations.
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
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