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.
Address
4511 Pachena Pl
List Price
$1,500,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Saanich East
Sub-Area
SE Broadmead
Bedrooms
4
Bathrooms
2
Floor Area
2,312 Sq. Ft.
Lot Size
34746 Sq. Ft.
Lot Size (Acres)
0.8 Ac.
Year Built
1953
MLS® Number
1042173
Listing Brokerage
RE/MAX Generation - The Neal Estate Group
Basement Area
Full, Walk-Out Access, With Windows
Postal Code
V8X 2P1
Tax Amount
$4,644.02
Tax Year
2025
Features
Baseboard, Blinds, Carpet, Dining/Living Combo, Dishwasher, Dryer, Electric, Forced Air, Laminate, Microwave, Oil, Oven/Range Gas, Refrigerator, Tile, Vinyl Frames, Washer
Amenities
Balcony/Deck, Central Location, Cul-De-Sac, Easy Access, Irregular Lot, No Through Road, Primary Bedroom on Main, Recreation Nearby, Shopping Nearby, Sloped, Southern Exposure, Storage Shed