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2207 Millstream Rd - Langford Heights 4.7 Acres of Industrial Land in Victoria, BC V9B 0J7
INVESTMENT HIGHLIGHTS
- Shovel-Ready Development Site: Fully cleared and graded with services to lot line; offsite improvements completed.
- Prime Location: Steps from Millstream Village, near Bear Mountain, and minutes to Highway 1.
- Significant Scale: Up to 818,928 SF buildable area, 4.0x FSR, and 12-storey height allowance.
- Rapid Growth Market: 25.7% population increase in 5 years; strong demand for housing in a supply-constrained region.
EXECUTIVE SUMMARY
The Landing at Millstream Creek offers a 4.7-acre shovel-ready and zoned multifamily development site located at 2207 Millstream Road, Langford, BC. This property is fully entitled under BP9 zoning, allowing for up to 818,928 SF of buildable area with a 4.0x FSR, 80% site coverage, and a maximum building height of 12 storeys. The site has been cleared and graded, with offsite roadwork and sidewalks completed and all municipal services provided to the lot line. This represents an exceptional opportunity to deliver large-scale residential housing in one of Canada’s fastest-growing communities, with immediate development potential and no rezoning required. Situated at the foot of Bear Mountain in North Langford, the property is steps from Millstream Village and minutes from Highway 1, offering excellent connectivity to Victoria and surrounding areas. Residents will enjoy proximity to retail amenities such as Costco, Save-On-Foods, and Best Buy, as well as recreational destinations including Bear Mountain Golf & Country Club, Goldstream Provincial Park, and Thetis Lake. The area has experienced 25.7% population growth since 2019 and is projected to grow another 16.7% over the next five years, supported by high household incomes and limited rental supply. This combination of rapid growth, strong demographics, and abundant amenities makes the site ideal for multifamily development.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Industrial |
| No. Lots | 1 | Proposed Use | Industrial |
| Property Type | Land | Total Lot Size | 4.70 AC |
| Zoning | BP 9 - Business Park | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Industrial |
| Total Lot Size | 4.70 AC |
| Zoning | BP 9 - Business Park |
1 LOT AVAILABLE
Lot 1
| Lot Size | 4.70 AC |
| Lot Size | 4.70 AC |
4.7 acres of raw, graded land for development.
1 1
CONTACTS
-
Ross Marshall, PREC -
Jim Szabo, PREC -
Chris Rust -
Vincent Minichiello -
CBRE, Limited
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2207 Millstream Rd - Langford Heights
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