2509 Florence Lake Road, Florence Lake Langford
Price
$1,199,900
Bedrooms2 Beds
Bathrooms3 Baths
Size2100 sqft
Year Built1975
Property TypeDetached Home
Property Taxes$4,273.89
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
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$4,667 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$959,920
Total Interest Payments
$591,850
Total Payment (Principal + Interest)
$1,551,770
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
Related Properties
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.
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