$2,400,000

20040 50 AVENUE

Langley BC V3A 3S7 - Langley City
5 bd
2 ba
2,286 sqft
Built 1969

About This Property

Prime development opportunity in Langley City! This massive 16,465 sq ft (approx. 0.38 acre) lot is designated “Medium Density Residential” in the Official Community Plan, supporting potential for townhomes, rowhomes, or low-rise apartments (verify with City). Located within the Nicomekl neighbourhood plan and walking distance to the future SkyTrain…

Features

Garage Single
Front Access
Asphalt
Room measurements11 rooms▸
Living RoomMain · 13'1 × 16'8
Dining RoomMain · 9'2 × 10'
KitchenMain · 9'8 × 16'4
Primary BedroomMain · 10' × 11'8
BedroomMain · 9'8 × 11'
Living RoomBsmt · 13'8 × 16'
KitchenBsmt · 8'4 × 9'2
BedroomBsmt · 10' × 13'8
BedroomBsmt · 9' × 13'
BedroomMain · 9'8 × 11'
Dining RoomBsmt · 7' × 8'4

Property Details

MLS NumberR3135214
Property TypeSingle Family Residence
Bedrooms5
Bathrooms2
Square Feet2,286
Lot Size16,464.31 sqft
Year Built1969
Parking Spaces1
HeatingForced Air, Natural Gas
Days on Market121
StatusActive
Listed BySutton Premier Realty

School Catchment

Elementary Simonds
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 size16,465 sqft
Lot dimensions70 × 245 ft
Lot shapeRectangular
Gradegentle

Ground rises about 0.7 m across the lot, side to side (2.9% grade).

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~16,412 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 $12,132
Mortgage payment$11,276
Property tax$616
Home insurance$240
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 Oct 8

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