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2400 Echo Valley Dr 18.26 Acres of Residential Land Offered at $4,999,999 CAD in Langford, BC V9B 0S1

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INVESTMENT HIGHLIGHTS

  • Scenic location with access to golf, hiking, and resort-style amenities.
  • Strong demographic growth with projected population increase of 12.6% to 21.1% by 2028.
  • Attractive pricing relative to assessed value, offering significant upside potential.
  • Close to extensive wilderness trails, Bear Mountain Resort & Golf Course, and Millstream Village.
  • Excellent connectivity to Downtown Victoria, YYJ Airport, and Swartz Bay Ferry.

EXECUTIVE SUMMARY

2400 Echo Valley Drive presents a rare opportunity to acquire an expansive 18.26-acre land parcel in the highly desirable Bear Mountain community of Langford, BC. This property offers significant potential for redevelopment into a vibrant residential neighborhood featuring a mix of apartments, townhomes, and detached homes. A pre-approved Development Permit allows for up to 500 units, providing investors with a streamlined path to execution. With an assessed value of $9,675,000 and a new asking price of $4,999,000, this property represents an exceptional investment opportunity in a thriving market. Langford’s robust infrastructure, recreational amenities, and growing economy make this site ideal for developers seeking long-term value and strong demand fundamentals.

PROPERTY FACTS

Price $4,999,999 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 18.26 AC
Zoning RCBM2 - Resort Community of Bear Mountain

1 LOT AVAILABLE

Lot 1

Price $4,999,999 CAD
Price Per AC $273,822.51 CAD
Lot Size 18.26 AC

Rare 18+ Acre land parcel situated on Bear Mountain. The prior approved Development Permit had plans for up to 500 units.

DESCRIPTION

Situated in an idyllic mountain setting, the site boasts proximity to Bear Mountain Resort & Golf Course, Millstream Village, and extensive wilderness trails, offering future residents a luxurious lifestyle surrounded by natural beauty. Langford is one of the fastest-growing communities in the Capital Regional District, benefiting from strong population growth, a pro-business environment, and excellent connectivity. Downtown Victoria and the Inner Harbor are just 15 minutes away, while Victoria International Airport and Swartz Bay Ferry Terminal are within a 30-minute drive.

  • Listing ID: 32708145

  • Date on Market: 2024-08-06

  • Last Updated:

  • Address: 2400 Echo Valley Dr, Langford, BC V9B 0S1

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