Langford, BC V9B 3B9,942 Preston WAY
Langford, BC V9B 3B9,942 Preston WAY
Langford, BC V9B 3B9,942 Preston WAY
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Dallas King

Dallas King

+1(250) 858-5465
Listed by Ray Drone Pemberton Holmes - Westshore
$2,975,000
Est. payment /mo
0.49 Acres Lot
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UPDATED:

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

Acres 0.49

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

Province BC

County Capital Regional District

Community La Jacklin

Area Langford

Zoning RM3

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

Parking Features Open

Garage Spaces 14.0

View Y/N No

Total Parking Spaces 14

Garage No

Building

Sewer Sewer Connected

Water Municipal

Others

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Ownership Freehold

Acceptable Financing Purchaser To Finance

Listing Terms Purchaser To Finance

Special Listing Condition Resale

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Dallas King

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+1(250) 858-5465

dallas@victoriahomes.com

202-3440 Douglas St, Victoria, V8Z, 3L5, Canada

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