942 Preston Way$2,975,000
- Garage 14
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.
Property Details
- Property ID:30234504
- Price:$2,975,000
- Property Type:Residential
- Lot Size:21344.40 sq ft
- Year Built:1927
- Parking:14 spaces
- Status:Active
- City:Langford
- State/Province:BC
- Postal Code:V9B 3B9
- Listing Agent:Ray Drone
- Office:Pemberton Holmes - Westshore
Condition
- 3 Bedrooms
- 2 Bathroom
- 1 Garage
- 1 Balcony
- 4800 sq ft
- TV
Features
- Air conditioning
- Wifi
- Swimming Pool
- Double Bed
- Balcony
- Telephone
- Garage
- Parking
- TV
- Home Theater
- Alarm
- Garage
- Gym
- Electric Range
- Private space
Floor Plans
| Size | Rooms | Bathrooms |
| 1600 | 3 | 2 |
Property Vedio
Property Location
Related Properties
- Area3600 Sqft
- Beds 3
- Baths 2
- Garage 1
- Area3600 Sqft
- Beds 3
- Baths 2
- Garage 1
Recent Properties
Beautiful Single Home
Feb 27, 2020 | $1045,000
Sweet Family Home
Mar 14, 2020 | $944,000
Real Luxury Villa
Apr 14, 2020 | $1420,000
Sell Your Property
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut tortor dui, scelerisque ac nisi
Register Now
