Langford Multifamily Redevelopment Property With Holding Income
- 694 Goldstream Avenue is a High exposure corner property centrally located in Langford, BC on Vancouver Island in the Greater Victoria Region
- Comprised of approximately 29,000 sf of C3 zoned land strategically located in Langford adjacent to future proposed stop of commuter rail service to downtown Victoria
- Improved two with mixed-use (retail / residential) buildings which provide holding income to developers
- Retail component of Property 100% leased to a complimentary mix of independent tenants with the flexibility to negotiate early termination of leases
- On-site surface parking and pylon signage
- Residential units above retail are spacious, in good condition, and currently leased to low maintenance tenants at below market rent
The subject property is positioned in Langford’s Downtown Pedestrian Commercial Development Permit Area and is currently zoned C3. Langford’s incredible growth rate has been the result of the quality and quantity of Langford’s housing and commercial developments, as a result, the Official Community Plan supports nd encourages mixed-use, pedestrian-oriented development in the Downtown area. The current FSR of the subject property is 4.50, however the City of Langford has expressed and demonstrated flexibility pertaining to added density on such properties, as long as parking requirements are met.
This investment/redevelopment offering is UNPRICED.
Interested parties are asked to contact the Listing Agents for more information, further offering guidance, and to confirm the deadline for offer submissions.
694 Goldstream Avenue, Langford, BC,