$2,950,000
3332-3324 Lodmell Rd
Beds
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Baths
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Sqft
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Year
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Type
Multi-family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Langford. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
HUGE DEVELOPMENT OPPORTUNITY! 1.12 ACRE LAND ASSEMBLY!!!THIS PROJECT IS READY TO BREAK GROUND!! Land clearing getting ready to start. Proudly presenting 3332, 3328 and 3324 Lodmell Road. This project has conditional approval for 5 single family home lots that allow suites plus 2 duplex lots that allow suites and to top it all off it also includes 2 existing homes which have a total resale value of 1.5MM. Monthly rental income of $5,500. Possible gold mine with Langford's zoning changes (Bylaw No.2183). PLEASE do not walk the property without an appointment. The 1975 mobile home on 3324 Lodmell is not suitable for habitation and is of no value. 3328 Lodmell Silver Label 514013. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- Walfred
- Common interest
- Freehold
- Lot size
- 1.12 acres
- Lot dimensions
- 1.12
- On market
- Jan 18, 2025
- Status changed
- Apr 23, 2026
- Annual tax
- $11,414
- Zoning
- Unknown
- Photos
- 2
- MLS#
- 984901
- Area
- LANGFORD
Cash on cash
-6.23%
Cap rate
3.62%
GRM
16.7
Break-even rent
$17,976
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.