3332-3324 Lodmell Road, Walfred Langford
Price
$3,600,000
BedroomsNot listed
BathroomsNot listed
SizeNot listed
Year BuiltNot listed
Property TypeCommercial
Property Taxes$11,414
Description
DEVELOPMENT OPPORTUNITY!! Works out to 9 lots for just 2.1MM. Sellers will consider any reasonable offer. Proudly presenting 3332, 3328 and 3324 Lodmell Road. This 11 lot project has conditional approval for 7 single family home lots that allow suites, 2 duplex lots and to top it all off it also includes 2 existing homes (Value of 1.5MM). Monthly rental income of $5,500. This land assembly has a combined area of 1.12. Possible gold mine with Langford's zoning changes (Bylaw No.2183). PLEASE do not walk the property without an appointment. The 1975 mobile home on 3324 Lodmell is not suitable for habitation and is of no value. 3328 Lodmell Silver Label 514013. (id:39198)
Listed By
The listing brokerage and/or agent is Fair Realty
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
$13,884 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,880,000
Total Interest Payments
$1,775,696
Total Payment (Principal + Interest)
$4,655,696
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.