Property Description

Welcome to 7221 Peden Lane, an exceptional infill development opportunity in the heart of Brentwood Bay, one of Vancouver Island’s most charming seaside communities. This vacant commercial lot is ideally situated directly across from the ocean, local marinas, and the renowned Brentwood Bay Resort & Spa, offering a prime coastal setting with beautiful ocean views. Zoned C-3, the property allows for a floor area ratio of 0.6 and development up to three storeys, with approximately 4,400 square feet of buildable space. This flexible zoning supports a variety of opportunities, including a signature office building, medical or dental practices, or a well-designed mixed-use development. A clean Phase 1 Environmental Report and survey are available, along with favourable seller terms that allow buyers to complete due diligence, including municipal approvals and building permit considerations. Permitted uses include a wide range of options such as retail spaces like grocery stores, pharmacies, and convenience shops, as well as restaurants and cafés. The zoning also supports professional offices, design studios, veterinary clinics, daycare facilities, family resource centres, and mixed residential and commercial developments. This is a rare opportunity to secure a versatile commercial property in a high-demand coastal location, combining strong development potential with an exceptional waterfront setting.

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RE/MAX Generation - The Neal Estate Group