20040 50 AVENUE, Langley
$2,400,000
This 16,464.31 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.
Prime development opportunity in Langley City! This massive 16,465 sq ft (approx. 0.38 acre) lot is designated “Medium Density Residential” in the Official Community Plan, supporting potential for townhomes, rowhomes, or low-rise apartments (verify with City). Located within the Nicomekl neighbourhood plan and walking distance to the future SkyTrain station, this property offers exceptional redevelopment potential in a high-growth corridor. The site features excellent frontage and depth for efficient site planning. Current home is in rentable condition, providing holding income while you advance your project. With strong demand for multi-family housing in Langley, this is a rare chance to secure a large, well-located parcel with significant upside.
How this price compares
This lot asks $146 per square foot of lot. That is 62% above the median of $90 across the 213 active lots VanPlex is showing in Langley, and puts it 170 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
- $2,400,000
- Lot size
- 16,464.31 sqft
- Lot dimensions
- 70 x 224
- Frontage
- 70 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1969
- MLS® area
- Langley City
- MLS® number
- R3135214
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Listing data via MLS®. Displayed for information only.