20877 40 Ave, Langley, BC, MLS® R2902287

$5,000,000
Est. Mortgage /mo

$5,000,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
4 Beds
3 Baths
2 Stories
lot 42520 sqft
3070 sqft
1971 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

20877 40 Ave, Langley, BC | MLS® R2902287 Property Details

**Attention builders** **Development potential** 5 property (each lot is .974 of an acre) land assembly with the potential for more! The site starts at 208th and 40th and encompasses the 4 homes to the east of the bare lot. SR-1 zoning. Brookswood/Fernridge OCP, call today!

General Info

Price $5,000,000
Total Bedrooms 4
Total Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 3070
Lot Size 42520
Lot Size Depth Feet
Lot Size Frontage 135.5
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1971
Age Of Building 54
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow, Rancher/Bungalow w/Bsmt.
Stories 2
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R2902287
Area Langley
Neighbourhood Brookswood Langley
City Langley
Gross Taxes $8,255.15
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby

Heating & Cooling

Fireplace -
Heating Type Forced Air

Utilities

Utility Type Electricity Connected, Natural Gas Connected
Utility Sewer Septic Tank
Water (WaterSource) Public

Parking

Parking Type Additional Parking
Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning SR-1
Rental Suites None
# of Kitchens 1
Flooring Mixed
Foundation Concrete Perimeter
Locker -
View Description -
Units In Development -
Exterior Features Private Yard
Sewer Septic Tank
Roof Other

Property History

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Status Date Price
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Listed by: Royal LePage - Wolstencroft

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Elementary
Belmont Elementary School
Average
1.06 km
Rating 5.4/10
Secondary
Brookswood Secondary School
0.55 km
No Rating

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Country Echoes Parochial School
0 km
No Rating
Secondary
The Chinese Academy
0 km
No Rating

Closest Transit

Translink
Northbound 208 St @ 40 Ave
0.15 km

Welcome to 20877 40 Avenue, a beautiful property in the heart of Langley, BC, listed under MLS® R2902287. As we walk through this lovely community, I'd like to give you an inside look at the schools, crime statistics, demographics, and lifestyle amenities that make this neighborhood so desirable.

Education:

We're proud to have Belmont Elementary School serving our community, just a short 1.06 km walk from this property. With a rating of 5.4/10, Belmont Elementary offers a solid foundation for our children's education. Additionally, we're also within proximity to Brookswood Secondary School, which is just 0.55 km away. For those seeking independent schools, St. Catherines School, with a rating of 9.4/10, is 2.12 km from this home, while Credo Christian Schools, with no rating available, is 3.12 km away.

Crime Statistics:

According to the latest statistics from Statistics Canada (2020), our neighborhood has an overall crime rate of 7,580.38, which is Average compared to other Canadian cities. This means that our community is a safe and secure place to call home. To break it down further, we have an Average drug crime rate, with 243.37 incidents per 100,000 population, and a Below Average violent crime rate, with 1,086.96 incidents per 100,000 population. Property crimes are Above Average, but we've seen a decrease in incidents over the years.

Demographics:

Our neighborhood is a vibrant and diverse community, with 19% of residents holding a university certificate or degree, which is Average compared to other BC neighborhoods. We have a mix of families and individuals, with 16.8% of the population having no certificate or degree. The median household income is a respectable $115,968, making us one of the higher-income areas in BC. Unemployment rates are Low at 2.2%, and we've seen a 4.2% population growth between 2011 and 2016, which is Above Average.

Lifestyle Amenities:

Just down the road, you'll find Belmont Park, a beautiful green space perfect for picnics, walks, or playing with your kids. We're also close to the Brookswood Farmers' Market, where you can buy fresh produce and artisanal goods. For shopping, head to the nearby Willoughby Town Centre or the Langley Central Business District. And when it's time to dine out, choose from a variety of restaurants, cafes, and bakeries in the area.

Real Estate Context:

As we look at the real estate market, we see that the average value of dwellings in our neighborhood is a respectable $992,783, making us one of the higher-end areas in BC. Average owner payments are High at $1,691 per month, while tenants pay an Average of $1,052 per month. With 14.3% of the population renting, we're a community that values homeownership.

Transportation:

We're conveniently located near public transportation, with the Northbound 208 St @ 40 Ave bus stop just 0.15 km away. For those who prefer to drive, we're close to major highways and have easy access to the city.

In conclusion, 20877 40 Avenue is a wonderful property in a desirable neighborhood, offering a safe and secure community, excellent schools, and a range of lifestyle amenities. Whether you're a family, individual, or investor, this property is sure to impress. Contact me today to schedule a viewing and make this beautiful home yours.

MLS® R2902287, 20877 40 Avenue, Langley, BC, is a truly unique opportunity to own a piece of paradise in the heart of Langley.

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $5,000,000
Langley $1,525,000
Brookswood Langley No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
Call or Text Now!
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