2511 Florence Lake Road, Florence Lake Langford
Price
$1,599,900
Bedrooms5 Beds
Bathrooms4 Baths
Size4236 sqft
Year Built1974
Property TypeDetached Home
Property Taxes$5,992.3
Description
An exceptional opportunity to acquire a highly desirable development site in the sought-after Florence Lake area of Langford. Situated across two lots with a combined land size of approximately 1.5 acres, this property offers strong redevelopment potential in a rapidly growing residential corridor. Preliminary lot layout has explored a proposed density of up to 29 townhomes (buyer to verify with Langford), making this an ideal site for a high-quality multi-family project. The area is well-suited to townhome living, with a blend of established residential neighborhoods, new developments, and natural West Coast surroundings. 2509 & 2511 Florence Lake Rd must be purchased together. (id:39198)
Listed By
The listing brokerage and/or agent is Engel & Volkers Vancouver Island
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Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$6,247 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,279,920
Total Interest Payments
$789,149
Total Payment (Principal + Interest)
$2,069,069
Cashflow Calculator
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Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
Meet Alex & Georgia
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.