871 Walfred Rd Active Save Request In-Person Tour Request Virtual Tour
Langford,BC V9C 2P1
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1011593
Annual Tax Amount $12,235
Tax Year 2024
Lot Size 2.010 Acres
Property Sub-Type Business
Property Description
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!
Location
Province BC
County Capital Regional District
Area La Walfred
Interior
Heating Baseboard,Heat Pump
Cooling Air Conditioning
Flooring Carpet,Vinyl
Exterior
Exterior Feature Balcony/Deck
Parking On Site 1
Building
Building Description Wood, Elevator: Freight,Elevator: Passenger
Foundation Poured Concrete
Sewer Septic System
Water Municipal
Structure Type Wood