Victoria, BC — William Wright Commercial is pleased to announce the sale of 540 Marsett Place, home of the former Royal Oak Golf Course in Saanich. The subject property was a par 32, 2000 yard, 9-hole golf course, which ceased operations in 2015. The remaining facility includes a 5,600 SQFT former clubhouse that is currently home to The Golf Performance Project, which is an indoor training facility and equipment fitting business. The rest of the property contains an excess of approximately 27 acres of unused lands adjacent to Elk/Beaver Lake Regional Park.
The Seller is a diverse investment group from Saskatchewan, with interests ranging from farming, commodity investments, and development. Santanna Portman, the listing agent for the transaction, has worked with one of the partners who is the President of the All-Rite Group of Companies for over 10 years, with investments spanning throughout Western Canada. This transaction was a great opportunity to work with the Victoria/Saanich area and we are excited to see the property go back to the community under the Capital Regional District’s guidance. The Seller group will be looking to reinvest into the BC market and have projects occurring in the Central Island region currently. We look forward to adding to the Seller’s growing portfolio in Western Canada and wish the Capital Regional District the best in their latest acquisition.
About William Wright Commercial: William Wright Commercial Real Estate Services is a modern full service commercial brokerage with more dedicated commercial real estate offices in BC than anyone else. Founded in 2013, William Wright Commercial offers real estate services ranging from landlord and tenant services to investment and property management. Their province-wide reach provides an intimate and in-depth knowledge of BC’s best real estate markets.
William Wright Commercial operates offices in Vancouver, New Westminster, Fraser Valley, Victoria, Central Vancouver Island, Kelowna, and Kamloops.
Read the press release by the Capital Regional District
Western Investor staff with Roxanne Egan-Elliott, Times Colonist — The Capital Regional District (CRD) has purchased the former Royal Oak Golf Course adjacent to Elk/Beaver Lake Regional Park in Greater Victoria for $8.5 million. William Wright Commercial office brokered the…
On September 14, 2023, the Government of Canada announced the Enhanced GST Rental Rebate on new purpose-built rentals to help meet the demands of rental housing in Canada. This announcement was introduced in response to the calls for housing affordability…
Victoria, BC — William Wright Commercial is pleased to announce the sale of 540 Marsett Place, home of the former Royal Oak Golf Course in Saanich. The subject property was a par 32, 2000 yard, 9-hole golf course, which ceased…
This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
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