110-721 & 711,715,719 Station Ave
La Langford Proper Langford V9B 4M1

$14,409,900
Commercial Sale

Main Photo: 110-721 & 711,715,719 Station Ave in Langford: La Langford Proper Industrial for sale : MLS®# 968053
Photo 1: 110-721 & 711,715,719 Station Ave in Langford: La Langford Proper Industrial for sale : MLS®# 968053
Photo 2: 110-721 & 711,715,719 Station Ave in Langford: La Langford Proper Industrial for sale : MLS®# 968053
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
968053
Incredible opportunity in the heart of Langford! This 1.59 Acre assembly is poised for redevelopment up to 6:1 density with no height restrictions within the Langford City Center Zone in the OCP. The total buildable potential is up to 417,228 sq ft. and could yield in the neighbourhood of 450 units. This is a flat turnkey property with incredible holding potential with fantastic income to offset redevelopment hold costs of annual estimated gross rent of $581,134. The location has great visibility from Veterans Memorial and walkable to all the amenities of the Langford commerce area. Tucked just off the main thoroughfare this site would command extensive views in all directions. This site consists of four separate titles and can be bought individually or in conjunction. Rarely does this level of investment opportunity come up in one of Canada's fastest growing cities. Sizes approx. and to be verified by Buyer. All furniture and equipment (including affixed hoists) excluded from sale.
Property Type:
Commercial Sale
Type:
Industrial
Commercial Type:
Building, Land
Lease Type:
Sale Price
Listing General Location:
La Langford Proper, Langford
Bathrooms:
- (Full:-/Half:-)
Lot Size:
1.599 acre(s)
Total Building Area:
24,018 sq. ft.
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Langford
Zoning:
Service Commercial CS1
Parking Features:
On Site
Road Surface Type:
Paved
Date Listed:
Jun 26, 2024
Original Price:
1.44099E7
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Listed by Coldwell Banker Oceanside Real Estate
Data was last updated July 14, 2024 at 10:05 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$3,197,000
Min list price:
$200,000
Max list price:
$14,409,900
Avg days on market:
49
Min days on market:
18
Max days on market:
304
These statistics are generated based on the current listing's property type and located in La Langford Proper. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.