2 Hospital Way – Breakwater Realty Inc.

2 Hospital Way | View Royal

2 Hospital Way presents a unique opportunity for high-density mixed-use development, capitalizing on the high visibility of the site, impressive traffic counts, proximity to Victoria General Hospital and a new “TOA” Transit-Orientated Area designation.

This site offers the potential to integrate a variety of residential and commercial uses, including but not limited to:

Medical office spaces or healthcare-related services to complement the nearby hospital
Residential development, catering to healthcare workers, young professionals, and those seeking convenient city living with access to major transportation routes
Senior and assisted care facilities
Training and educational facilities
Daycare centres
Hotels
Ground-floor retail and dining establishments

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Red Property Line Shown is Only Approximate.

Property Overview

Address: 2 Hospital Way, View Royal, BC (PID: 003-312-933)
Lot Size: Site Plan 2.68 Hectares, 6.62 acres +/- (288,473 sq. ft)
Zoning: C-1 (Community Commercial) and P-2 (Local Institutional)
OCP Designation: Intensive Mixed Use (IMU)
2024 Assessed Value: $12,347,000
Location: 20 minutes from downtown Victoria Get Directions >

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Area Traffic Analysis Highlights:

Monthly Average Daily Traffic (MADT) 83,350 in January to 99,383 in May 2024
Weekday traffic (MAWT) reached 102,833 vehicles per day in May, indicating strong business-hour exposure.
Weekend traffic (MAWET) averaged 88,907 vehicles daily in May, ensuring consistent visibility throughout the week.

2024	January	February	March	April	May
MADT	83,350	92,336	94,096	96,488	99,383
MAWT	86,316	95,387	98,203	0	3
MAWET	74,528	80,685	83,023	84,092	88,907
N Days	31	29	28	24	19

Source: Ministry of Transportation Traffic Volumes P-11-1NS count station. ROUTE 1, 0.6 KM NORTH OF HELMCKEN ROAD

Proximity to Victoria General Hospital

Victoria General Hospital (VGH) is a top-tier healthcare facility, ranked 29th among Canada’s best hospitals, and serves as Vancouver Island’s busiest healthcare center

Key Benefits

Patient Visits: Over 100,000 patients annually, ensuring a constant flow of people.
High patient volumes stimulate local business growth and create job opportunities, driving demand for housing and commercial spaces.
Staff and Physicians: Employs more than 2,300 healthcare professionals including physicians, nurses, and support staff, who frequent the hospital daily, contributing to local economic activity and demand for nearby services.
Visitors: Assuming an average of 1 visitor per patient (a conservative estimate), this adds another 100,000 visits annually.
Public Transportation: Well-served by BC Transit routes #14, #22, and #39,
facilitating easy access for residents and visitors.
Immediate access to emergency and specialized medical care enhances community safety and peace of mind for residents.

Exciting TOA Opportunity

As of May 2024, this property is situated in an officially designated a Transit-Oriented Area (TOA) (Town of View Royal Transit-Orientated Area Designation Bylaw No. 1134). This designation unlocks tremendous potential for high-density, mixed-use development:

Increased Density – minimums 3.5 FSR, 10 storeys (please refer to Property Details and Links provided below)

Mixed-Use Development: Encourage a blend of high-density residential complexes, office spaces and commercial centers, medical facilities complementing nearby Victoria General Hospital, retail and community amenities

Transit Integration: Direct access to major transit routes, including future rapid transit plans.

Sustainable Urban Design: Opportunity to create a walkable, cyclist-friendly community hub.

Renderings are Conceptional Only and Subject to Approvals. Red Property Line Shown is Only Approximate.

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Location Advantages:

Within the designated TOA around Victoria General Hospital (VGH) Exchange
Adjacent to Victoria General Hospital
Easy access to Trans-Canada Highway
Proximity to Galloping Goose Regional Trail
Near Eagle Creek Village shopping centre

Market Opportunity:

Increasing demand for transit-oriented, high-density housing
Growing need for “missing middle” housing options
Potential for mixed-use retail to complement residential growth
Strategic location appealing to those seeking urban proximity with excellent transit connections

View Royal, A Growing Community:

Population: 12,337 (2024 estimate)
11.20% growth rate (2016-2021)
High home ownership rate: 75%
Emphasis on sustainable, transit-oriented development

Contact Information

For more details on this exceptional transit-oriented development opportunity, please contact:

Deborah Moore
Breakwater Realty Inc.
Phone: +1 250-999-9876
Email: [email protected]

2 Hospital Way | View Royal

Property Overview

Area Traffic Analysis Highlights: