942 Preston Way Langford, British Columbia V9B 3B9
$2,975,000
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. (id:62371)
Property Details
| MLS® Number | 1020443 |
| Property Type | Vacant Land |
| Neigbourhood | Jacklin |
| Parking Space Total | 14 |
| Plan | Vip26876 |
Building
| Constructed Date | 1927 |
Land
| Acreage | No |
| Size Irregular | 21344 |
| Size Total | 21344 Sqft |
| Size Total Text | 21344 Sqft |
| Zoning Description | Rm# |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/29101053/942-preston-way-langford-jacklin
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November 18 2025 02:03:11
Victoria Real Estate Board
Pemberton Holmes - Westshore, Pemberton Holmes - Sooke, Pemberton Holmes Ltd.