$7,990,000
Claire Group & Cushman & Wakefield are excited to present investors with a remarkable opportunity to purchase this expansive 18+ acre land parcel situated on Bear Mountain in Langford, BC. This property holds significant potential for redevelopment into a distinctive neighborhood featuring a mix of apartment buildings, townhouses, and detached homes. There is potential for up to 500 units as per the past DP. Prospective buyers are encouraged to engage with the City of Langford to verify and discuss their redevelopment intentions.
| View Description | View |
|---|---|
| Structures | Land Only |
| Price | $4,499,000 |
|---|---|
| Property Type | Land |
| Ownership Type | Freehold NonStrata |
| Utility Type | Sanitary Sewer Nearby, Storm Sewer Nearby, Electricity Nearby, Natural Gas Nearby, Phone Nearby, Cable Available |
| Water (WaterSource) | Public |
| Lot Size | 18.26 |
|---|---|
| Lot Size Depth | Feet |
| MLS® # | R3017249 |
| Area | Out of Town |
| Neighbourhood | Out of Town |
| City | No City Value |
| Postal Code | V9B 0A1 |
| Gross Taxes | $37,754 |
| Zoning | RCBM2 |
Listed by: RE/MAX Real Estate Services
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Private Schools
Closest Transit
Demographics
Noise/ Power Lines
Other
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Based on 4 comparable active properties in Out of Town, the average asking price is $2,500,000. This listing is priced 80% above the neighbourhood average. This property is flagged as a Hot Deal (43.7% price reduction) based on its competitive pricing and market demand.
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