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$5,000,000

7488 198B STREET

Langley BC V2Y 1S1 - Willoughby Heights

5 bd

2.5 ba

2,645 sqft

Built 1970

About This Property

Exceptional development opportunity in the heart of Langley's thriving Latimer community. This prime property forms part of an approved townhouse redevelopment site, offering outstanding investment potential in one of Metro Vancouver's fastest-growing neighborhoods. Ideally located close to Highway 1, schools, parks, shopping, restaurants, and the future…

Features

Balcony

Additional Parking

Front Access

Room measurements10 rooms▸

Living RoomMain · 15' × 16'

Dining RoomMain · 11' × 12'

KitchenMain · 12' × 13'

Primary BedroomMain · 15' × 13'

BedroomMain · 13' × 12'

BedroomMain · 11' × 12'

BedroomMain · 13' × 12'

Recreation RoomBelow · 15' × 15'

LaundryBelow · 10' × 10'

BedroomBelow · 12' × 15'

Property Details

MLS NumberR3145068

Property TypeSingle Family Residence

Bedrooms5

Bathrooms2.5

Square Feet2,645

Lot Size42,048 sqft

Year Built1970

Parking Spaces1

HeatingForced Air

Days on Market105

StatusActive

Listed ByInvesta Prime Realty

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 size42,156 sqft

Lot dimensions143 × 293 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~42,021 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.