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502a Pembroke St
Victoria, BC
Canada V8Z 4H7
Details
Address | 871 Walfred Rd |
Area | Langford |
Sub Area | Walfred |
State/Province | British Columbia |
Country | Canada |
Price | $1,999,900 |
Property Type | Single Family |
Bedrooms | 3 |
Bathrooms | 1 |
Floor Space | 1276 Square Feet |
Lot Size | 87555.60 Square Feet |
Waterfront | No |
Year Built | 1972 |
Taxes | $12,235 |
Tax Year | 2024 |
MLS® # | 1011286 |
Investment Alert! Welcome to 871 Walfred a 2.03 acre property with a lovingly cared for 3 bedroom home and a thriving communications business. The business leases run with the property & net approx $130,000 per year making this a high rate cap property. Long term leases in place with companies such as Telus, Freedom mobile, and Sirius XM. Highest ASL site in Langford, towers are registered with ISET Canada, Ham Radio amateur site, and call sign VE7BEU, Al Muir. The communication companies have access to the sites and the lease holder is basically hands off. The land was purchased in 1972 by the existing owners for the creation of the communication business. It has been a great run and now it’s time to pass on this well established business on as it’s time to retire. Choose to live in the extremely quiet home with no through road or rent it out and increase your cap rate further! Many future land development options making this a great long term investment!
Listed by RENNIE & ASSOCIATES REALTY LTD.
NOTE: MLS® property information is provided under copyright © by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.