871 Walfred Rd new Save Request In-Person Tour Request Virtual Tour
Langford,BC V9C 2P1
Key Details
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,276 sqft
Price per Sqft $1,567
MLS Listing ID 1011286
Style Main Level Entry with Lower Level(s)
Bedrooms 3
Year Built 1972
Annual Tax Amount $12,235
Tax Year 2024
Lot Size 2.010 Acres
Property Sub-Type Single Family Detached
Property Description
Investment Alert! Welcome to 871 Walfred a 2.03 acre property with a lovingly cared for 3 bedroom home and a thriving communications business. The business leases run with the property & net approx $130,000 per year making this a high rate cap property. Long term leases in place with companies such as Telus, Freedom mobile, and Sirius XM. Highest ASL site in Langford, towers are registered with ISET Canada, Ham Radio amateur site, and call sign VE7BEU, Al Muir. The communication companies have access to the sites and the lease holder is basically hands off. The land was purchased in 1972 by the existing owners for the creation of the communication business. It has been a great run and now it's time to pass on this well established business on as it's time to retire. Choose to live in the extremely quiet home with no through road or rent it out and increase your cap rate further! Many future land development options making this a great long term investment!
Location
Province BC
County Capital Regional District
Area La Walfred
Rooms
Kitchen 1
Interior
Heating Baseboard,Heat Pump
Cooling Air Conditioning
Flooring Carpet,Vinyl
Fireplaces Number 1
Fireplaces Type Wood Burning
Laundry In House
Exterior
Exterior Feature Balcony/Deck
Parking Features Driveway
Roof Type Asphalt Shingle
Building
Building Description Wood, Basement
Foundation Poured Concrete
Sewer Septic System
Water Municipal
Structure Type Wood
Others
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs