Area: British Columbia
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An exceptional development opportunity in one of Victoria’s most strategic growth corridors. Situated on a rare 0.72 acre parcel, 4511 Pachena Place offers outstanding redevelopment potential in an area identified by the District’s Official Community Plan for increased residential density. Located within the Saanich Corridors growth area, this property is positioned along a key transportation and infrastructure route designated to accommodate future higher density housing. Just minutes from Broadmead Village, the Primary Urban Centre, major shopping, restaurants, transit routes, parks and every imaginable amenity, this is exactly the type of location developers seek for their next multifamily project. The existing, well maintained residence provides excellent holding income while development applications, planning and permitting are underway. The home features three bedrooms on the main level along with a self contained one bedroom suite below, making it an ideal rental property during the entitlement process. With a level building site, services available, outstanding central location and tremendous long term upside, opportunities of this size and quality are becoming increasingly rare. Whether you’re a developer, investor or land banker looking to capitalize on Saanich’s vision for future growth, this property represents an exceptional opportunity to secure a prime piece of real estate in one of Greater Victoria’s most promising redevelopment areas. Buyer to verify all redevelopment potential, zoning, servicing and development opportunities with the District of Saanich. (id:44056)

Property Details

Full Address:
4511 Pachena Pl, Saanich, British Columbia
Price:
$ 1,500,000
MLS Number:
1042173
List Date:
July 3rd, 2026
Neighbourhood:
Broadmead
Lot Size:
0.8 ac
Year Built:
1953
Taxes:
$ 4,644

Interior Features

Bedrooms:
4
Bathrooms:
2
Appliances:
Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave
Air Conditioning:
None
Heating:
Baseboard heaters, Forced air, Oil, Electric
Fireplaces:
1

Building Features

Zoning:
Residential
Garage:
Garage, RV
Garage Spaces:
10
Ownership Type:
Freehold
Taxes:
$ 4,644

Floors

Finished Area:
2312 sq.ft.

Land

Lot Size:
0.8 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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April Spackman RE/MAX Generation - The Neal Estate Group
 250-818-0942
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Listing Agent(s)

Listing: April Spackman
RE/MAX Generation - The Neal Estate Group
Co-Listing: Ron Neal
RE/MAX Generation - The Neal Estate Group

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