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$4,000,000

7433 200 STREET

Langley BC V2Y 1R8 - Willoughby Heights

2 bd

1 ba

964 sqft

Built 1953

About This Property

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…

Features

No Outdoor Area

Open

Room measurements5 rooms▸

Living RoomMain · 13' × 18'

Dining RoomMain · 9' × 9'

KitchenMain · 9' × 18'

BedroomMain · 12' × 14'

BedroomMain · 10' × 15'

Property Details

MLS NumberR3166200

Property TypeSingle Family Residence

Bedrooms2

Bathrooms1

Square Feet964

Lot Size41,817.6 sqft

Year Built1953

HeatingOther

Days on Market1

StatusActive

Listed ByAvison Young Commercial Real Estate Services, LP

School Catchment

Elementary Donna Gabriel Robins

Secondary R.E. Mountain

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.

$1,290,000Median home value

$132,000Median household income

75.3%Owner-occupied

51.2%Single-detached homes

3.4Avg household size

36.4Median age

32.3%Bachelor's degree or higher (25-64)

57.3%Commute under 30 min

92.5%Drive to work

31.6%Foreign-born residents

5,809Neighbourhood population

Age

Under 1521.8%
15 to 6468.4%
65 and over9.9%

Household size

1 person11.1%
221.3%
320.2%
426.6%
5 or more20.8%

Language spoken at home

61.9% English mother tongue

Mandarin5.3%
Punjabi4.8%
Korean4.6%
English + other4.4%
Tagalog2.4%
Spanish1.9%
All others14.7%

Mother tongue, share of 5,805 residents.

How this pocket differs

notably more 5+ person households than Willoughby Heights 20.8% vs 11.6%
notably fewer people living alone than Willoughby Heights 11.1% vs 19.3%
more 4-person households than Willoughby Heights 26.6% vs 20.4%
notably fewer Korean speakers than Willoughby Heights 4.6% vs 9.7%
notably more Punjabi speakers than Willoughby Heights 4.8% vs 3%
Median household income is higher than Metro Vancouver $132,000 vs $90,000
Median dwelling value is higher than Metro Vancouver $1,290,000 vs $1,050,000

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

Land & Development

ZoningSR-2Bylaw (PDF) ↗

Lot size41,417 sqft

Lot dimensions144 × 286 ft

Lot shapeRectangular

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~41,284 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.