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Listed by Ray Drone Pemberton Holmes - Westshore
$2,975,000
Est. payment /mo
0.49 Acres Lot
Active
942 Preston WAY Langford, BC V9B 3B9
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Key Details
Property Type Single Family Home
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1020443
HOA Y/N No
Year Built 1927
Annual Tax Amount $13,663
Tax Year 2025
Lot Size 0.490 Acres
Property Sub-Type Land
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.
Location
State BC
County Capital Regional District
Community La Jacklin
Area Langford
Zoning RM3
Rooms
Kitchen 0
Exterior
View Y/N No
Total Parking Spaces 14
Garage No
Building
Sewer Sewer Connected
Water Municipal
Locker No
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Ownership Freehold
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