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$ 2,975,000
Est. payment /mo
Active
942 Preston Way Langford, BC V9B3B9
0.49 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Jacklin
MLS® Listing ID 1020443
Year Built 1927
Lot Size 0.490 Acres
Acres 21344.0
Property Sub-Type Freehold
Source Victoria Real Estate Board
Property Description
Exceptional development & investment opportunity in the heart of Langford, BC—Canada's fastest-growing city. This 0.49-acre (21,344 sf) flat, rectangular lot sits in the city Centre with RM3 zoning permitting up to 6 storeys, and strong potential to rezone to CC1 for higher density and mixed-use possibilities. The property features a well-maintained 10-unit apartment building with long-term tenants, generating over $110,000 annually. Unit mix includes bachelor, 1-bed & 2-bed suites. A professional management team is already in place, supported by 15 on-site parking stalls and multiple recent updates. Walking distance to schools, parks, shopping malls, transit and major retailers including Costco, Home Depot, superstore, Walmart & more. Ideal as a stable income-producing asset with extraordinary future redevelopment upside. Perfect for both investors & developers looking for a prime Langford city-centre location. (id:24570)
Location
Province BC
Zoning Multi-Family
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 14
Private Pool No
Others
Ownership Freehold
Listed by Pemberton Holmes - Westshore
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