20110 53 AVENUE, Langley
$1,349,900
This 6,240 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, Builders and developers: seize this exceptional opportunity to acquire an income-producing property with Official Community Plan (OCP) designation for a proposed six-storey condominium development. Strategically located in a rapidly growing neighbourhood and within walking distance of the future Langley City Centre SkyTrain Station, this property offers outstanding long-term development potential. The site is designated for higher-density residential use, making it ideal for land assembly or a buy-and-hold while generating high, stable rental income. Surrounded by existing and upcoming multi-family developments, this area is poised to support the city’s continued growth and urban transformation. Exceptional opportunity for developers/investors.
How this price compares
This lot asks $216 per square foot of lot. That is 140% above the median of $90 across the 213 active lots VanPlex is showing in Langley, and puts it 206 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
- $1,349,900
- Lot size
- 6,240 sqft
- Lot dimensions
- 52 x 120
- Frontage
- 52 ft
- Bedrooms
- 6
- Bathrooms
- 2
- Year built
- 1974
- MLS® area
- Langley City
- MLS® number
- R3094354
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Listing data via MLS®. Displayed for information only.