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Why Invest in the City of Langford?
Langford is one of Greater Victoria’s leading municipalities. Less than 10 km away from the main urban city of Victoria, Langford boasts many local amenities such as multiple surrounding lakes, hiking trails, and large retailers. With it’s easy access to nature’s doorstep and increased investment in recreational facilities, there is something for everyone in the City of Langford. It attracts both buyers and renters as there are more options and more affordable prices.
According to B.C. statistics, Langford is the fastest growing municipality in Victoria with the population increasing 4.0% in 2015 alone. Langford is predicted to continue its growing trend and is estimated to have a 123% increase in growth from 2001 to 2026. See City of Langford Statistics for more details.
What Could this Mean for your Investment?
Trades workers and young professionals with growing families move to Langford for affordability and the ever growing local businesses and amenities. With a low vacancy rate in greater Victoria, the demand for rental apartments is extremely high. Lakepoint One is conveniently located for those who work in Langford and is close to many local amenities such as the Westhills YMCA-YWCA, Langford Aquatic Centre, Greater Victoria Public Library, and Victoria Conservatory of Music.
How to Attract Tenants?
It is important to highlight the features of the building and surrounding areas to possible tenants:
- Safety and security of the location and the building
- Underground parking
- Storage and bike lockers
- Community locations:
- Local restaurants and cafés
- Leisure and recreation centres
- Outdoor activities (hiking trails and lakes)
You want to be sure that your investment is taken care of. The first step to take when searching for the right tenant(s) is to ask the right questions:
- Why are you moving?
- How many people will be living in the apartment?
- Can you provide references from previous landlords and employers?
- What do you do for a living?
- Will you have the first month’s rent and security deposit ready on move in day?
Asking the above questions will clarify any doubts and concerns that you may have about future tenants. For further expertise and knowledge, Breakwater Realty INC. is ready to answer your questions or assist you with property management services.
Investors are intently looking at purchasing a Lakepoint One Condominium. To learn more about Lakepoint One, register now.
DISCLAIMER: All data and information provided on this site is for informational purposes only. Westhills Land Corp. makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. This post is for informational purposes only and not an offering for sale. An offering may only be made by Disclosure Statement. These plans and renderings are not intended to fully or completely represent the final product. Plans and renderings provided are preliminary layouts only for general review of type and size by client group. All sizes are approximate and subject to revision as design development proceeds. Details including but not limited to colours, interior and exterior details, landscaping, existence and location of retaining walls, views, and type and location of development on surrounding properties are all subject to change. Renderings are an artistic representation of the proposed home.