Prime 0.72-acre fully rezoned multi-family development site in the heart of Saanich, approved for a 6-storey, 73-unit condominium building. Located at 3921, 3925 & 3933 Quadra Street, this well-positioned urban infill site offers a rare opportunity in one of Greater Victoria’s most supply-constrained markets. The property is rezoned to RA-11 with an approved Development Permit, allowing 73 units with 70,889 sq. ft. of gross building area and an FSR of 2.38. The project is grandfathered under the 2018 Building Code, reducing seismic and adaptability costs. Three existing single-family homes provide approx. $6,000/month in holding income. The approved design includes 1-, 2- and 3-bedroom units, one level of underground parking with 54 stalls (EV-ready), two elevators, and on-site amenities including a playground and outdoor gathering area. Steps from Saanich Centre, transit, schools, parks. See attached brochure for more details
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Listed by Colliers
Data was last updated April 13, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$835,000
Min list price:
$30,000
Max list price:
$15,300,000
Avg days on market:
155
Min days on market:
25
Max days on market:
392
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.