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  • 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747

    942 Preston Way La Jacklin Langford V9B 3B9
    Main Photo: 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747
    • Photo 1: 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747
    • Photo 2: 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747
    • Photo 3: 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747
    • Photo 4: 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747
    • Photo 5: 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747
    • Photo 6: 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747
    • Photo 7: 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747
    • Photo 8: 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747
    • Photo 9: 942 Preston Way in Langford: La Jacklin Multi Family for sale : MLS®# 891747
    $2,350,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    891747
    Original schoolhouse converted 50+ years ago to residential rental building, located in City Centre in Langford's OCP. Currently grosses over $100k/year & consists of 10 units, including six studio/bachelor suites, two 1 bdrm suites, one 2 bdrm suite & one 3 bdrm suite. 2020 gross rent was just over $104k with most suites well under market potential rents. 2020 expenses were just under $33k for a net rental income of $67,613. However, the real value is in the land development potential (see supplements) and applying to municipality for City Centre Zoning outlined in OCP, with the possibility of developing at least 50 units. Building is in good condition, has been well maintained and kept in line with municipal codes, which makes it an excellent holding property while awaiting rezoning approval. The income will help to offset building demolition, or provide a steady income for many years if preferred. Property management contract in place. No laundry facilities. Many long term tenants. More details
    Listed by Team 3000 Realty Ltd
    Blaine Thurlow
    Michelle Thurlow
  • 3194 Jacklin Rd in Langford: La Jacklin Business for sale : MLS®# 890233

    3194 Jacklin Rd La Jacklin Langford V9B 5L9
    $150,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    890233
    This restaurant is ideally located at a very high volume traffic corner in Langford. Feel the unique, modern, and also traditional atmosphere. Nice and clean restaurant with a commercial kitchen. Perfect size for a Take Out place. Liquor license in place, excellent rent, and much more. You'll love this place and will be proud to own it!! More details
    Listed by Pemberton Holmes - Cloverdale
    Blaine Thurlow
    Michelle Thurlow
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Data was last updated January 17, 2022 at 08:05 PM (UTC)
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.