7221 Peden Lane - Main photo, Central Saanich, British Columbia

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$995,000

7221 Peden Lane — Central Saanich, British Columbia

V8M1C5

7,409Lot Sq Ft

About This Property

Rare Waterview Infill Development – Brentwood Bay A unique chance to secure a seaside site at 7221 Peden Lane. Current C-3 zoning allows for a 0.6 FAR and 3 storeys (~4,400 buildable sq. ft.). Proposed concepts include two 1,740 sq. ft. luxury 3-bed residences with ocean views over two 420 sq. ft. commercial units across from the ocean, marinas and brentwood bay lodge. Beyond C-3, explore potential rezoning to residential via BC’s new SSMUH zoning for multi-unit residential for 4 townhomes. Given the location and amenities all around this site offers immense upside. Buyer to verify all zoning, SSMUH eligibility, and OCP details with the District of Central Saanich. Clean phase 1 environmental report. (id:63357)

Property Location

Property Details

Property Type: Detached
Status: Active

Location & Neighborhood

What's nearby 7221 Peden Lane

Parks & Recreation

Verdier Park
park
73m
Brooks Park
park
0.4 km
Damelart Park
park
0.6 km

POI data updated 2/5/2026

Central Saanich Market Snapshot

Active Listings

$999K

Median Price

Avg Days on Market

Last updated: Jan 7, 2026

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Listed by

Coldwell Banker Oceanside Real Estate

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$995,000