942 Preston Way Active Save Request In-Person Tour Request Virtual Tour
Langford,BC V9B 3B9
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1020443
Year Built 1927
Annual Tax Amount $13,663
Tax Year 2025
Lot Size 0.490 Acres
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
Area La Jacklin
Zoning RM#
Rooms
Kitchen 0
Building
Sewer Sewer Connected
Water Municipal
Others
Acceptable Financing Purchaser To Finance
Listing Terms Purchaser To Finance
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs