Area: British Columbia
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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:44056)

Property Details

Full Address:
871 Walfred Rd, Langford, British Columbia
Price:
$ 1,999,900
MLS Number:
1011286
List Date:
August 25th, 2025
Lot Size:
2.01 ac
Year Built:
1972
Taxes:
$ 12,236

Interior Features

Bedrooms:
3
Bathrooms:
1
Air Conditioning:
Air Conditioned
Heating:
Heat Pump, Baseboard heaters
Fireplaces:
1

Building Features

Zoning:
Residential
Garage:
Stall
Garage Spaces:
5
Ownership Type:
Freehold
Taxes:
$ 12,236

Floors

Finished Area:
1519 sq.ft.
Main Floor:
1276 sq.ft.

Land

Lot Size:
2.01 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Mike Pearce Personal Real Estate Corporation Rennie & Associates Realty Ltd.
 
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Listing Agent(s)

Listing: Mike Pearce
Rennie & Associates Realty Ltd.

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