$5,990,000

Langford BC, V9B 3V5

MLS® # 999727

Property Information:

Mixed-use wood frame rental complex in Downtown Langford. 4 storey, 1 ground commercial unit, 15 residential units, mixed with 3 of 1-Bedroom+Den and 12 of 2-Bedroom. Each residential unit include a large master bedroom, deck, in-suite laundry and stainless steel appliances. Building provides covered 16 parking spaces, bike storage room and elevator service. Located at the heart of Langford, with minutes drive to Langford Centre and Westshore Town Centre, brings convenience to the residents. All residential units were fully rented with below market rents, lots of upside. Commercial unit occupied by a 5 years long term stable tenant. Existing 3.84% CAP rate, with potential to over 5.6% return. Contact for more details.

Property Features:

Annual Tax Amount: $29,912
Built in: 2014
Floor Space (approx): 12341 Square Feet
Lot Frontage: 8036.33 Square Feet
Lot Size: 8036.33 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Road Surface Type: Paved
Zoning: C8A
No. of Parking Spaces: 16

Courtesy of: RE/MAX CITY

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Market Price Trends

Location of 2835 Peatt Rd, Langford, BC, V9B 3V5

Lifestyle
Neighbourhood

Demographic Information of 2835 Peatt Rd, Langford, BC, V9B 3V5

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$83,457.76

Average Number of Children

1.41

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.63 %

High school certificate or equivalent

33.82 %

Apprenticeship trade certificate/diploma

8.29 %

College/non-university certificate

17.97 %

University certificate (below bachelor)

2.64 %

University Degree

23.67 %

Commuter

Travel To Work

By Car

73.11 %

By Public Transit

10.17 %

By Walking

15.02 %

By Bicycle

0.15 %

By Other Methods

1.55 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

86.78 %

Houses

13.22 %

Own Vs. Rent