942 Preston Way
Langford
V9B 3B9
$2,975,000
Residential
beds: 0
baths: 0.0
built: 1927
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1020443
- Year Built:
- 1927
- Photos (16)
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Exceptional development & investment opportunity in the heart of Langford, BC—Canada’s fastest-growing city. This 0.49-acre (21,344 sf) flat, rectangular lot sits in the city Centre with RM3 zoning permitting up to 6 storeys, and strong potential to rezone to CC1 for higher density and mixed-use possibilities. The property features a well-maintained 10-unit apartment building with long-term tenants, generating over $110,000 annually. Unit mix includes bachelor, 1-bed & 2-bed suites. A professional management team is already in place, supported by 15 on-site parking stalls and multiple recent updates. Walking distance to schools, parks, shopping malls, transit and major retailers including Costco, Home Depot, superstore, Walmart & more. Ideal as a stable income-producing asset with extraordinary future redevelopment upside. Perfect for both investors & developers looking for a prime Langford city-centre location.
- Property Type:
- Residential
- Type:
- Land
- Year built:
- 1927 (Age: 98)
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- La Jacklin, Langford
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Size:
- 21,345 sq. ft.
- Kitchens:
- 0
- Taxes:
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- Ceiling Heights:
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- Commercial Area:
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- # Bedrooms or Dens Total:
- 0
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 0
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 0
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Fireplace:
- No
- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Units in Building:
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- Units in Community:
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- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Tenant
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Total Parking Spaces:
- 14
- Total Units:
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- Date Listed:
- Nov 12, 2025
- Original Price:
- 2975000.0
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Aerial view of property's location with a mountainous background and nearby suburban area
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Bird's eye view
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Aerial perspective of suburban area
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Aerial view of property and surrounding area with mountains and nearby urban area
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View of property location
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View of property location
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Aerial view of property's location with mountains and nearby suburban area
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View of property location with a mountainous background
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View of property location with a water and mountain view
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View of property location featuring a water and mountain view
Listed by Pemberton Holmes - Westshore and Pemberton Holmes - Sooke
Data was last updated November 21, 2025 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 15
- Avg list price:
- $679,000
- Min list price:
- $439,900
- Max list price:
- $2,975,000
- Avg days on market:
- 56
- Min days on market:
- 8
- Max days on market:
- 182
- Avg price per sq.ft.:
- $692.2
These statistics are generated based on the current listing's property type
and located in
La Jacklin. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Jerome Peacock
- Pemberton Holmes Real Estate
- 250-888-0326
- jerome@peacockrealestate.ca
805 Cloverdale Ave #150
Victoria, British Columbia V8X 2S9