19640 28 AVENUE, Langley

$7,700,000

This 119,790 sqft property in Langley is a detached single-family home on a lot the new rules make suitable for a multiplex. Langley follows the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. The coming SkyTrain extension will widen where the higher counts apply.

Future employment land opportunity in Brookswood, Langley! This 2.75-acre property is designated for future employment use under the Brookswood-Fernridge OCP and Booth Neighbourhood Plan. Located near 196 Street and 28 Avenue, close to Campbell Heights and the 200 Street corridor, the site offers approximately 188.6 feet of frontage. An opportunity for investors and developers seeking a prime land holding in South Langley's evolving employment area. The existing house is boarded up and uninhabitable. Repairs and applicable municipal approvals are required before any residential or office use. Future development is subject to rezoning, servicing and municipal approvals. Buyers to verify land use designation, permitted uses and development requirements with the Township of Langley.

How this price compares

This lot asks $64 per square foot of lot. That is 30% below the median of $92 across the 223 active lots VanPlex is showing in Langley, and puts it 88 of 223 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.

Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.

Lot and property details

Price
$7,700,000
Lot size
119,790 sqft
Lot dimensions
188.65 x 626.67(2.75AC)
Frontage
188.65 ft
Bedrooms
3
Bathrooms
3
Year built
1942
MLS® area
Brookswood Langley
MLS® number
R3181438

Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.

Listing data via MLS®. Displayed for information only.