1083/1085 Jenkins Avenue, Glen Lake Langford

Description

Investor Special! This single-title, full duplex with separate meters is ideally located in the heart of Langford, within walking distance to Westshore Mall, Starlight Stadium, the YMCA, Greater Victoria Public Library, Belmont Secondary School, Lighthouse Christian Academy, PEXSISEN elementary, Centre Mountain Lellum Middle School, Glen Lake, Langford Lake, and numerous other public amenities. Conveniently situated on a bus route, this central location enhances both lifestyle appeal and long-term rental demand. The property is equally well-suited for investors, first-time buyers seeking a strong mortgage helper, or purchasers looking to buy in partnership with friends or family. With a wide range of future possibilities, this is a versatile opportunity with significant upside. From an investment perspective, the property offers a cap rate exceeding 4.5% at current market rents, ample parking, and a prime position within a rapidly growing community. Subject to municipal approval, the property may be upgraded to a fourplex, and in alignment with the City of Langford’s Community Plan, it also presents potential for higher-density redevelopment in the future. Recent updates include newer windows, a brand-new deck, minor electrical compliance upgrades, and a hot water tank—providing added peace of mind for future owners. (id:39198)