942 Preston Way.

$2,975,000

Aerial view of residential area

Land located in Langford - La Jacklin, V9B 3B9

sqft, 0 Beds, 0 Baths
MLS #1020443 Listed by Ray DronePemberton Holmes - Westshore
  • Listed On: November 12, 2025
  • Built in: 1927
  • Type: Residential
  • Lot Size: 0.49 acres
  • Total Parking: 14
  • Parking Features: Open,
  • Zoning: RM3

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

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