Real Estate Investment - 1, 2 & 3 Bedroom Condos in Langford, BC

Sophisticated Living In Langford, BC

Located in beautiful Langford, BC- a short drive to downtown Victoria, Langford Tower will be the newest addition to BC’s fastest growing community and offers affordable homes for homeowners and an exceptional turn-key investment opportunity for investors.

Spacious, Brand New 1, 2 & 2 + Den Bedroom Condominiums

Langford Tower is being developed by an experienced Georgie Award winning development team. A variety of floorplans are being offered with spacious layouts. The condominiums in Langford Tower boast a beautiful landscaped courtyard and excellent views.

Full Turn-Key Rental Management Program

Western Canadian Properties Group Ltd. is pleased to offer all Langford Tower suite owners the opportunity to participate in a full turn-key optional rental management program at a discounted bulk fee – a 60% savings.

Western Canadian Properties Group Ltd. has partnered with Pemberton Holmes Ltd. – a property management company serving the Vancouver Island area since 1887. Pemberton Holmes specializes in both strata management and rental management – an experienced management partner. Their experience is all about protecting the value of the property and the financial return derived from that property.

5 Reasons To Invest In Langford Tower

1. Fastest Growing Municipality in British Columbia

Langford, in Greater Victoria, is British Columbia's fastest growing municipality with population growth of 30% from 2011–2016. Population is projected to increase 123% from 2001–2026: a leap of 18,840 (2001) to an estimated 42,100 (2026).
(Source: City of Langford, 2017).

2. High Median Household Income

Median household income in Langford was $79,185 in 2011 compared to the Victoria Capital Region's median of $58,648.
(Source: Statistics Canada NHS 2011).
High household income and a growing young population make this the ideal community to capitalize on a large number of tenants.

3. Low Vacancy Rate

According to CMHC Rental Market Survey dated October 2017, the vacancy rate for 1 bedroom was 2.5%; and 1% for 2 bedrooms, with an average 1.5% vacancy rate.

4. Strong Real Estate Market

Condo apartment prices are up 10.91% from July 2017. Condominium units spent the least amount of time on the market before selling in the price range of $275K - $350K during the second quarter. The median number of days was 14 in Q2 2018 up from 12 days in Q2 2017. Months of inventory of condominium units were 1.9 at the end of the second quarter of 2018. This was up from the 0.9 months recorded at the same time a year earlier.

(Source: Canadian Real Estate Assoc, Market Conditions, June 2018)

5. Strong Rental Demand

The average rent for 2-bedroom rentals built in 2000 or later is $1,300.

(Source: CMHC Rental Market Survey October 2017)

Features

• An open concept plan for entertaining freely
• Abundance of natural lighting from extra large patios or decks  
• 9’ ceilings  
• Energy efficient stainless steel appliance package
• Luxury vinyl plank flooring throughout
• Shower/soaker tub combination with chrome fixtures
• Contemporary porcelain tile flooring  
• In-suite washer and dryers
• Full building video security
• Convenient and secure keyless fob
• Full building video security
• Convenient and secure keyless fob for:                       
• Building’s common area
• Underground parking
• Exclusive access to your specific floor  
• Georgie Award winning development team
• Building design by Lovick Scott Architects
• Inviting landscape design with an elegant courtyard feature n Modern contemporary exterior
• Well designed suites with plenty of in-suite storage Secure underground parking for vehicles and bikes

Sample Cash Flow Pro Forma