Price
$2,975,000
Bedrooms3 Beds
Bathrooms2 Baths
SizeNot listed
Year Built1950
Property TypeDetached Home
Property Taxes$11,617.78
Court-Ordered Sale - Exceptional Development Opportunity – 1.05 Acres. An exceptional opportunity for developers and investors — this 1.05-acre property offers substantial redevelopment potential as a multi-family residential project. Many directly surrounding properties have recently been rezoned and developed as either townhouse projects, condominiums or apartments. Buyers would need to apply for and receive rezoning and other required municipal approvals for their specific intended use. This unique property offers direct access to major bus routes, adjoins the Galloping Goose Trail, and is located just minutes to all the major amenities, shopping and recreation which the City of Langford offers in spades. The site is fairly level and has both road access and services from two different road frontages. As this is a court-ordered sale, all prospective buyers must complete their own due diligence to confirm development potential, zoning requirements, available services and their capacity, and all other investigations and approvals from local municipal authorities. The property is being sold as is; where is. Opportunities like this are rare, especially with this location and easy proximity to amenities. Reach out today for a full information package. (id:39198)
The listing brokerage and/or agent is eXp 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.
$11,656 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,380,000
Total Interest Payments
$1,467,415
Total Payment (Principal + Interest)
$3,847,415
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Realtors
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.
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.