7433 200 STREET, Langley
$4,000,000
This 41,817.6 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.
This offering is an opportunity to acquire an apartment development site along the future Bus Rapid Transit (BRT) line coming to 200 Street, through Willoughby. The 0.96 acre property is designated Low Density Residential in the Willoughby Transit Corridor plan, permitting density up to 3.0 FSR. A future development will be walking distance to commercial amenities, a new school and two BRT stations. Value is in the land. Contact for more information.
How this price compares
This lot asks $96 per square foot of lot. That is 7% above the median of $89 across the 215 active lots VanPlex is showing in Langley, and puts it 116 of 215 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
- $4,000,000
- Lot size
- 41,817.6 sqft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1953
- MLS® area
- Willoughby Heights
- MLS® number
- R3166200
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.