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Glenn Nicholls & Tara Pankhurst
Glenn: 250-361-7697
glennnicholls@shaw.ca
Tara: 250-888-9633
tarapankhurst@shaw.ca
Pemberton Holmes Ltd.
150-805 Cloverdale Ave
Victoria, BC
942 Preston Way
Langford
V9B 3B9
$2,975,000
Residential
beds: 0
baths: 0.0
built: 1927
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1020443
- Year Built:
- 1927
- Photos (16)
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942 Preston Way offers a rare opportunity to acquire a professionally managed 10-unit multi-family property with strong holding income and significant redevelopment potential. The building is fully tenanted with long-term residents, providing consistent cash flow while future plans are advanced.
Recent improvements include the renovation of two 2-bedroom units, supporting stable operations and enhancing overall property condition. Current zoning (RM3) permits development of a residential apartment building of up to six storeys, offering an immediate pathway for medium-density construction.
Developers will also appreciate the potential for rezoning to CC1, which would allow for higher density and expanded mixed-use possibilities. With its steady income stream, proven management, and strong land-use flexibility, 942 Preston Way is a prime opportunity for a developer seeking a centrally located, growth-oriented project site.
- Property Type:
- Residential
- Type:
- Land
- Year built:
- 1927 (Age: 98)
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- La Jacklin, Langford
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Size:
- 21,345 sq. ft.
- Kitchens:
- 0
- Taxes:
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- Ceiling Heights:
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- Commercial Area:
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- # Bedrooms or Dens Total:
- 0
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 0
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 0
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Units in Building:
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- Units in Community:
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- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Tenant
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Total Parking Spaces:
- 14
- Total Units:
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- Date Listed:
- Nov 12, 2025
- Original Price:
- 2975000.0
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Aerial view of residential area
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Aerial perspective of suburban area
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Aerial view of residential area
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Aerial view of residential area
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Aerial view of property's location with a mountainous background and nearby suburban area
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Bird's eye view
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Aerial perspective of suburban area
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Aerial view of property and surrounding area with mountains and nearby urban area
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View of property location
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View of property location
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Aerial view of property's location with mountains and nearby suburban area
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View of property location with a mountainous background
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View of property location with a water and mountain view
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View of property location featuring a water and mountain view
Listed by Pemberton Holmes - Westshore and Pemberton Holmes - Sooke
Data was last updated November 14, 2025 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 15
- Avg list price:
- $689,000
- Min list price:
- $439,900
- Max list price:
- $2,975,000
- Avg days on market:
- 49
- Min days on market:
- 1
- Max days on market:
- 175
- Avg price per sq.ft.:
- $692.2
These statistics are generated based on the current listing's property type
and located in
La Jacklin. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Glenn & Tara
- PEMBERTON HOLMES-CLOVERDALE
- (250) 361-7697
- Contact by Email