$1,200,000

4425 207A STREET

Langley BC V3A 2G8 - Langley City

About This Property

Rare opportunity to build a duplex, legal and conforming multi family in nice neighbourhood. Either as an investment for rental, build it out yourself for resale or to have your family close for sibling or multigenerational living. With high prices on land, the numbers make sense on this one!

Features

Near Shopping

Property Details

MLS NumberR3165535
Lot Size6,554 sqft
Days on Market5
StatusActive
Listed ByEngel & Volkers Vancouver

School Catchment

Elementary Uplands
Secondary Langley

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,000,000Median home value
$117,000Median household income
86.6%Owner-occupied
70.2%Single-detached homes
2.9Avg household size
40.4Median age
20.4%Bachelor's degree or higher (25-64)
55%Commute under 30 min
93.9%Drive to work
14.9%Foreign-born residents
7,297Neighbourhood population

Age

Under 15: 18.2%15 to 64: 65.1%65 and over: 16.7%
  • Under 1518.2%
  • 15 to 6465.1%
  • 65 and over16.7%

Household size

  • 1 person14.9%
  • 233.7%
  • 316.8%
  • 421.6%
  • 5 or more12.9%

Language spoken at home

84.4% English mother tongue

  • Punjabi2.6%
  • English + other1.5%
  • Mandarin1%
  • Spanish0.9%
  • German0.8%
  • French0.8%
  • All others8%

Mother tongue, share of 7,290 residents.

How this pocket differs

  • notably fewer people living alone than Langley City 15% vs 35.5%
  • notably more 4-person households than Langley City 21.7% vs 10.4%
  • notably more 5+ person households than Langley City 13% vs 6.4%
  • Median household income is higher than Metro Vancouver $117,000 vs $90,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Land & Development

Lot size6,360 sqft
Lot dimensions40 × 96 ft
Lot shapeIrregular
Multi-unit potential (Bill 44 / SSMUH)
Units allowedUp to 4
Max height3 storeys
Min. setbacks4.5 / 1.5 / 1.2 mfront / side / rear
Est. buildable~6,340 sqft

Under BC's Small-Scale Multi-Unit Housing rules, this single-family lot may permit up to 4 units. These are the provincial minimums and approximate — local bylaw, servicing and lot conditions apply.

Approximate lot lines (ParcelMap BC)

Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.

Monthly Cost Calculator

Estimated monthly cost $6,130
Mortgage payment$5,660
Property tax$350
Home insurance$120
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Sep 16

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