20308 27 AVENUE, Langley
$5,300,000
This 93,654 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.
MAJOR DEVELOPMENT POTENTIAL. Unlock the potential of this exceptional FLAT 2.15-acre property in Brookswood's New Fernridge NCP. Positioned for significance growth under the BC Government's new SSMUH regulations, this parcel may allow for up to 4 units per 5000 sq ft lot, offering substantial development potential. New SSMUH regulations may enable higher-density development; buyer should confirm details. Services are already in place at the property's front, and a detention pond is established- a valuable feature that simplifies the development process. Additional Features: Includes a beautiful 3500 sq ft house, with no creeks or right-of-ways and minimal tree cover. Photos/video contains footage showcasing the property’s potential and does not reflect its current condition.
How this price compares
This lot asks $57 per square foot of lot. That is 37% below the median of $90 across the 213 active lots VanPlex is showing in Langley, and puts it 76 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
- $5,300,000
- Lot size
- 93,654 sqft
- Lot dimensions
- 314 x 2.15
- Frontage
- 314 ft
- Bedrooms
- 3
- Bathrooms
- 3
- Year built
- 1976
- MLS® area
- Brookswood Langley
- MLS® number
- R2919165
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Listing data via MLS®. Displayed for information only.