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!
Address
871 Walfred Rd
List Price
$1,999,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
sale
Area
Langford
Sub-Area
La Walfred
Bedrooms
3
Bathrooms
1
Floor Area
1,276 Sq. Ft.
Lot Size
87555.6 Sq. Ft.
Lot Size (Acres)
2.01 Ac.
Year Built
1972
MLS® Number
1011286
Listing Brokerage
Rennie & Associates Realty Ltd.
Basement Area
Crawl Space
Postal Code
V9C 2P1
Tax Amount
$12,235.78
Tax Year
2024
Features
Baseboard, Blinds, Carpet, Ceiling Fan(s), Dining/Living Combo, Dishwasher, Elevator, F/S/W/D, Heat Pump, Microwave, Vinyl, Window Coverings
Amenities
Balcony/Deck
