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Main Photo: 2625 Arbutus Rd in Saanich: SE Cadboro Bay Multi Family for sale (Saanich East)  : MLS®# 1037492
Photo 1: 2625 Arbutus Rd in Saanich: SE Cadboro Bay Multi Family for sale (Saanich East)  : MLS®# 1037492
Photo 2: 2625 Arbutus Rd in Saanich: SE Cadboro Bay Multi Family for sale (Saanich East)  : MLS®# 1037492
Photo 3: 2625 Arbutus Rd in Saanich: SE Cadboro Bay Multi Family for sale (Saanich East)  : MLS®# 1037492
Photo 4: 2625 Arbutus Rd in Saanich: SE Cadboro Bay Multi Family for sale (Saanich East)  : MLS®# 1037492
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1037492
Presenting the opportunity to purchase 2625 Arbutus Road in Saanich, BC. This rare 1.6 acre property is located in the highly desirable Cadboro Bay / Arbutus neighbourhood, steps from Cadboro Bay Village and blocks from the University of Victoria. This offering represents an exceptional opportunity to develop housing in one of Greater Victoria’s most affluent communities, where there is a very low supply of diverse housing options. Currently improved with a vacant 13,632 SF church facility and 53 paved parking stalls, there is significant potential for holding income while in planning. Conceptual development plans have been well received by the Municipality of Saanich.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
SE Cadboro Bay, Saanich East
Bathrooms:
- (Full:-/Half:-)
Lot Size:
1.59 acre(s)
Taxes:
$58,291.99 / 2025
Commercial Area:
Core (excl Downtown)
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
4546000.0
Assessment year:
2026
Jurisdiction name:
District of Saanich (SD61)
Legal Description:
LOT A, PLAN VIP12516, SECTION 44, VICTORIA LAND DISTRICT, (DD 353208-I)
Parking Features:
On Site
Total Units:
28
Date Listed:
May 20, 2026
Original Price:
6900000.0
  • Photo 1: 2625 Arbutus Rd in Saanich: SE Cadboro Bay Multi Family for sale (Saanich East)  : MLS®# 1037492
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  • Photo 2: 2625 Arbutus Rd in Saanich: SE Cadboro Bay Multi Family for sale (Saanich East)  : MLS®# 1037492
    Photo 2 of 4
  • Photo 3: 2625 Arbutus Rd in Saanich: SE Cadboro Bay Multi Family for sale (Saanich East)  : MLS®# 1037492
    Photo 3 of 4
  • Photo 4: 2625 Arbutus Rd in Saanich: SE Cadboro Bay Multi Family for sale (Saanich East)  : MLS®# 1037492
    Photo 4 of 4
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Listed by CBRE Limited
Data was last updated July 15, 2026 at 04:05 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$349,000
Min list price:
$30,000
Max list price:
$15,300,000
Avg days on market:
55
Min days on market:
13
Max days on market:
484
These statistics are generated based on the current listing's property type and located in Saanich East. Average values are derived using median calculations. This data is not produced by the MLS® system.
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.