About This Property
An exceptional opportunity to acquire a highly desirable development site in the sought-after Florence Lake area of Langford. Situated across two lots with a combined land size of approximately 1.5 acres, this property offers strong redevelopment potential in a rapidly growing residential corridor. Preliminary lot layout has explored a proposed density of up to 29 townhomes (buyer to verify with Langford), making this an ideal site for a high-quality multi-family project. The area is well-suited to townhome living, with a blend of established residential neighborhoods, new developments, and natural West Coast surroundings. 2509 & 2511 Florence Lake Rd must be purchased together. (id:64973)
At $547 per square foot, the property is priced slightly above the Langford average, but its substantial lot size and potential for up to 29 townhomes make it a compelling development opportunity for savvy investors seeking to capitalize on Langford's thriving real estate market. Given the favorable lot configuration and promising redevelopment prospects, this property is best suited for experienced developers or builders looking to deliver high-quality multi-family housing in a rapidly growing residential area.
Property Details
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