871 Walfred Rd | $1,999,900 | MLS® 1011286
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Island Realm Real Estate
502a Pembroke St
Victoria, BC
Canada V8Z 4H7
MLS® 1011286

Details

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Years



Address 871 Walfred Rd
AreaLangford
Sub AreaWalfred
State/ProvinceBritish Columbia
CountryCanada
Price$1,999,900
Property TypeSingle Family
Bedrooms3
Bathrooms1
Floor Space1276 Square Feet
Lot Size87555.60 Square Feet
WaterfrontNo
Year Built1972
Taxes $12,235
Tax Year2024
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.


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