Rare income-producing RT-2-zoned corner property offering immediate rental income and redevelopment potential. Thoughtfully renovated and converted in 2023 into three separate suites, each with its own laundry. The property currently generates approximately $7,000/monthly rental income, making it an excellent mortgage helper. Situated within the TOA Tier…
Rare income-producing RT-2-zoned corner property offering immediate rental income and redevelopment potential. Thoughtfully renovated and converted in 2023 into three separate suites, each with its own laundry. The property currently generates approximately $7,000/monthly rental income, making it an excellent mortgage helper. Situated within the TOA Tier 2 area, this corner lot offers lane and side access, providing excellent flexibility. Perfect for investors, multi-generational families, or buyers looking to live in one suite while collecting rental income from the other two. This is a rare combination of future land value upside, strong rental income, 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 Market82
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.
Sales History
Date
Sale Price
Mar 14, 2023
$1,525,000
Source: BC Assessment (public records).
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 Station352 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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