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942 Preston Way Langford, BC V9B3B9
0.49 Acres Lot
UPDATED:
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
Listed by Pemberton Holmes - Westshore