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2207 Millstream Rd - Langford Heights 4.7 Acres of Industrial Land in Victoria, BC V9B 0J7
INVESTMENT HIGHLIGHTS
- Zoning approved with BP9 designation, allowing immediate progression to development permitting.
- Significant development potential with up to 818,928 SF of buildable area and 12-storey height allowance.
- Exceptional proximity to Millstream Village, Bear Mountain Resort, major retailers, and Highway 1 for seamless connectivity.
- Fully cleared and graded site with completed off-site roadwork and sidewalks, plus all municipal services to the lot line.
- Located in a high-growth area with 26% population increase in the last five years and strong future projections.
EXECUTIVE SUMMARY
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.
DESCRIPTION
Current BP9 zoning supports a wide range of multifamily building forms, permitting up to 818,928 SF of buildable area (4.0 FSR), 80% site coverage, and a maximum height of 12 storeys. This scale provides significant flexibility for high-density residential development in a market experiencing rapid population growth of 26% within a 1.5 km radius over the past five years. The surrounding area features abundant retail, dining, and recreational amenities, including Costco, Home Depot, and Bear Mountain Golf & Country Club, all within minutes. With strong demographics, an average household income of $145,461, and a projected 16.7% population growth over the next five years, this site is ideally positioned for a landmark multifamily project.
CONTACTS
-
Ross Marshall, PREC -
Jim Szabo, PREC -
Chris Rust -
Vincent Minichiello -
CBRE, Limited
Presented by
2207 Millstream Rd - Langford Heights
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