942 Preston Way new Save Request In-Person Tour Request Virtual Tour
Langford,BC V9B3B9
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
942 Preston Way offers a rare opportunity to acquire a professionally managed 10-unit multi-family property with strong holding income and significant redevelopment potential. The building is fully tenanted with long-term residents, providing consistent cash flow while future plans are advanced. Recent improvements include the renovation of two 2-bedroom units, supporting stable operations and enhancing overall property condition. Current zoning (RM3) permits development of a residential apartment building of up to six storeys, offering an immediate pathway for medium-density construction. Developers will also appreciate the potential for rezoning to CC1, which would allow for higher density and expanded mixed-use possibilities. With its steady income stream, proven management, and strong land-use flexibility, 942 Preston Way is a prime opportunity for a developer seeking a centrally located, growth-oriented project site. (id:24570)
Location
State 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