Courtesy of RE/MAX Camosun
We are pleased to present this 1.23 acre multifamily development opportunity in Langford, BC. Nestled privately off of Walfred Rd, the lot has vehicular access via Isabell Rd and is located in proximity to Glen Lake, Ed Fisher Park, and The Luxton Fairgrounds. The Property’s significant site size provides for an array of development options in one of Canada’s fastest growing and most development friendly communities. The current 5 bedroom / 4 bathroom single family home can generate holding income while the property is in planning phase. The current zoning allows for the subdivision of up to 6-7 lots, with a rezone to RM7A (or similar) potentially yielding upwards of 22 + townhomes. This Property is extremely well suited for development and offers investors significant yield upside. Full info package available upon request.
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