19680 56 AVENUE, Langley
$2,199,000
This 9,919 sqft property in Langley is a detached single-family home on a lot the new rules make suitable for a multiplex. Langley follows the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. The coming SkyTrain extension will widen where the higher counts apply.
DEVELOPMENT or INVESTMENT OPPORTUNITY - Under current OCP, now designated as "Low Rise Residential", which allows the potential for apartment development of up to 6 storeys and 2.1 FAR if assembled (a minimum -20,000 ft2 site area is required). Fastest-growing communities. With 5 bdrms, 3 bthrms, and lane access, this is a great opportunity to gain revenue while holding. The Surrey-Langley Skytrain extension will connect growing Surrey neighborhoods, the Township of Langley, and the City of Langley to Surrey Centre and the regional SkyTrain network. The project's plan includes a stop at 196th Street and Fraser Highway!
How this price compares
This lot asks $222 per square foot of lot. That is 146% above the median of $90 across the 213 active lots VanPlex is showing in Langley, and puts it 208 of 213 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $2,199,000
- Lot size
- 9,919 sqft
- Lot dimensions
- 67 x
- Frontage
- 67 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1976
- MLS® area
- Langley City
- MLS® number
- R3106030
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.