Investment Alert! Welcome to 871 Walfred a 2.03 acre property with a lovingly cared for 3 bedroom home and a thriving communications business. The business leases run with the property & net approx $130,000 per year making this a high rate cap property. Long term leases in place with companies such as Telus, Freedom mobile, and Sirius XM. Highest ASL site in Langford, towers are registered with ISET Canada, Ham Radio amateur site, and call sign VE7BEU, Al Muir. The communication companies have access to the sites and the lease holder is basically hands off. The land was purchased in 1972 by the existing owners for the creation of the communication business. It has been a great run and now it’s time to pass on this well established business on as it’s time to retire. Choose to live in the extremely quiet home with no through road or rent it out and increase your cap rate further! Many future land development options making this a great long term investment!
Data was last updated August 26, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$897,000
Min list price:
$450,000
Max list price:
$2,975,000
Avg days on market:
49
Min days on market:
1
Max days on market:
203
Avg price per sq.ft.:
$523.64
These statistics are generated based on the current listing's property type
and located in
La Walfred. Average values are
derived using median calculations. This data is not produced by the MLS® system.