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! (id:24212)
- Full Address:
- 871 Walfred Road, Langford, British Columbia
- Price:
- $ 1,999,900
- MLS Number:
- 1011593
- List Date:
- August 25th, 2025
- Neighbourhood:
- Walfred
- Building Size:
- 1519 sq.ft.
- Lot Size:
- 2.01 ac
- Taxes:
- $ 12,236
- Ownership Type:
- Freehold
Property Specifications
- Air Conditioning:
- Air Conditioned
- Heating:
- Heat Pump, Baseboard heaters
Interior Features
- Building Size:
- 1519 sq.ft.
- Zoning:
- Unknown
- Garage Spaces:
- 5
Building Features
Floors
- Lot Size:
- 2.01 ac
Land
Neighbourhood Features
Ratings
Commercial Info
- Business Type:
- Other
Location
Mortgage Calculator
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Agent: Mike PearceBrokerage: Rennie & Associates Realty Ltd.
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