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Langford's Western Speedway, Canada's oldest speedway, listed for sale as part of 81-acre redevelopment opportunity

An aerial view of Western Speedway and land holdings in its vicinity. The speedway, as part of an 81-acre redevelopment opportunity, has been listed for sale.  CBRE

Langford's Western Speedway, Canada's oldest speedway, listed for sale as part of 81-acre redevelopment opportunity
MIKE KOZAKOWSKI, CITIFIED.CA
Langford’s iconic Western Speedway and significant holdings adjacent to the race track have been put up for sale, Citified has learned.
 
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The Victoria offices of global commercial real-estate brokerage CBRE announced today the 81-acre property at 2207 Millstream Road, which includes the speedway and parcels used for industrial operations, an RV park, a collection of rented single-family-homes and a go-cart track, will entertain bids from interested parties through June 18th, 2020.
 
“[The listing] provides the rare opportunity to acquire a commercial land site with significant scale and excellent proximity to Langford’s core and Downtown Victoria,” reads CBRE’s listing document. “The site is designated ‘Business or Light Industrial Centre’ in the Langford Official Community Plan.”
 
Of the site’s 81-acres, 35-acres will be set aside to accommodate a meandering Millstream Creek, which runs roughly through the middle of the property from north to south, and a considerable natural park area along the property’s western portion.
 
A majority of the property is expected to be redeveloped into commercial uses, with a residential component at the southeast corner. Future owners may, however, pursue alternate development plans.
 
Western Speedway was founded in 1954 as a 4/10ths of a mile oval race track and operates as Canada’s oldest speedway. The track can accommodate 3,000 onlookers. The land is also home to All Fun Recreation Park which features a variety of family-friendly recreational activities.
 
Pending a sale of the property and the track, operations are eventually expected to wind down, although there are no immediate plans for the closure of the speedway or All Fun Recreation Park. C

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