2645 Peatt Rd - Apartments FOR SALE


Langford, BC V9B 3T9
$3,400,000 CAD
2645 Peatt Rd, Langford, BC for Sale
$3,400,000 CAD
Apartments - FOR SALE
1/19
null | 4.75% Cap Rate

2645 Peatt Rd
Langford, BC V9B 3T9


HIGHLIGHTS

  • Fully leased 8-unit townhouse complex with strong in-place income.
  • Six recently renovated suites featuring modern kitchens, quartz countertops, and new appliances.
  • Prime location within walking distance to downtown Langford’s shops, restaurants, and amenities.
  • Designated “Downtown” in Langford’s OCP, permitting future high-rise redevelopment with commercial at grade
  • Convenient access to Highway 1 and Highway 17, just 20 minutes from Victoria’s core.
  • On-site parking includes 10 stalls and two enclosed garages rented separately.

OVERVIEW

Avison Young is pleased to present this rare revenue opportunity in the heart of Langford at 2645 and 2647 Peatt Road, a strategically located fully leased 8-unit rental townhouse complex completed in 2011 and recently renovated (all but two suites). Centrally located on Peatt Road, the property is within walking distance of downtown Langford, a vibrant community bustling with shops and restaurants. Residents in this neighbourhood benefit from it’s close proximity to transit, schools, amenities, and recreational activities. The OCP designates the Property as “Downtown” allowing for 28-30 storeys upon redevelopment. The two-storey walk-up buildings consist of eight (8) two-bedroom, one-bathroom suites ranging in size from 820 to 857 square feet. Each of the suites benefits from the convenience of its own in-suite laundry and exterior access. The property offers a rear surface parking lot comprised of 10 stalls, large storage lockers for residents, and two enclosed garages rented separately. Six of the eight suites have undergone renovations throughout featuring laminate flooring, fresh paint, a new kitchen and bathroom equipped with quality cabinetry finishes, quartz countertops, and new appliances. The building also benefits from a new sprinkler system and the exterior was recently painted along with a refresh of the landscaping

FOR SALE DETAILS

PRICE

$3,400,000 CAD

PRICE/SF

$417 CAD /SF

# OF UNITS

8

PRICE/UNIT

$425,000

CAP RATE

4.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2011

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,147 SF

ZONING

RM7A

APN/PARCEL ID

000-031-844

ASK ABOUT THIS PROPERTY

Amanda NealAvison Young - VictoriaMore Info

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