Exceptional RT-2 zoned corner lot property offering strong rental income and development potential. Thoughtfully renovated and converted in 2023 into three separate rental suites, each with its own washer and dryer. The property currently generates approx. $7,000/month rental income, providing immediate cash flow for investors. Situated within the TOA Tier…
Exceptional RT-2 zoned corner lot property offering strong rental income and development potential. Thoughtfully renovated and converted in 2023 into three separate rental suites, each with its own washer and dryer. The property currently generates approx. $7,000/month rental income, providing immediate cash flow for investors. Situated within the TOA Tier 2 area, ideal for investors, multi-generational families, buyers looking to live in one suite while collecting rents from the other two. It also offers duplex, multiplex, and future development potential. This is a rare opportunity combining the advantages of an RT-2-zoned corner lot, multiple income streams, and an excellent location close to transit, parks, restaurants, and supermarkets.
Features
Additional Parking
Lane Access
Side Access
Room measurements17 rooms▸
Living RoomMain · 12'11 × 7'7
KitchenMain · 5'3 × 11'0
BedroomMain · 7'5 × 11'0
LaundryMain · 4'0 × 7'6
Living RoomMain · 4'7 × 10'10
KitchenMain · 6'5 × 11'0
BedroomMain · 7'5 × 11'0
BedroomMain · 7'7 × 10'10
LaundryMain · 4'0 × 5'3
BedroomMain · 10'9 × 11'2
KitchenAbove · 11'9 × 9'2
Living RoomAbove · 17'9 × 12'8
Dining RoomAbove · 7'9 × 9'7
BedroomAbove · 10'1 × 9'0
BedroomAbove · 9'7 × 12'8
BedroomAbove · 12'9 × 9'2
BedroomAbove · 11'0 × 9'2
Floor plan
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Property Details
MLS NumberR3148454
Property TypeSingle Family Residence
Bedrooms8
Bathrooms3
Square Feet2,224
Lot Size3,696 sqft
Year Built1981
Parking Spaces1
HeatingForced Air
Days on Market23
StatusActive
Listed ByRoyal Regal Realty Ltd.
School Catchment
ElementaryThunderbird
SecondaryVancouver Technical
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,600,000Median home value
$93,000Median household income
61.5%Owner-occupied
38.4%Single-detached homes
2.9Avg household size
40.8Median age
35.9%Bachelor's degree or higher (25-64)
53.5%Commute under 30 min
68.8%Drive to work
53.2%Foreign-born residents
6,125Neighbourhood population
Age
Under 1512.2%
15 to 6469.6%
65 and over18.2%
Household size
1 person20%
229.6%
318.8%
417.9%
5 or more13.6%
Language spoken at home
33.9% English mother tongue
Cantonese25%
Vietnamese7.5%
English + other5.6%
Tagalog4.7%
Mandarin4.6%
Punjabi2.2%
All others16.5%
Mother tongue, share of 6,105 residents.
How this pocket differs
Median dwelling value is notably higher than Metro Vancouver $1,600,000 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
Lot size3,618 sqft
Lot dimensions33 × 110 ft
Lot shapeRectangular
Transit-oriented potential (Bill 47 / TOA)
Transit areaTier 2within 400 m of a station
Max density4 FAR
Max height12 storeys
Est. buildable~14,426 sqft
Nearest stationRupert Station353 m away
Within a provincially designated Transit-Oriented Area, this lot may support up to 4 FAR / 12 storeys regardless of base zoning. Provincial minimums and approximate — municipal rezoning, servicing and parking standards still 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.
Recent nearby sales
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