23222 56 AVENUE, Langley
$2,833,000
This 42,340.32 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.
ATTENTION INVESTORS/DEVELOPERS - NEAR FUTURE INDUSTRIAL PROPERTY. Strategically located close to the "Fraser Highway Employment Lands Area Plan" making it a wise & lucrative investment. Nearly 1-acre rectangular corner lot with premium exposure, stunning farmland & North Mountain views, and no creeks, easements, or rights-of-way. Beautifully renovated 5 bed/3 bath home with permitted upgrades, including a custom kitchen, updated baths, flooring, skylights & new septic. Bright 2-bed unauthorized suite offers strong income potential. Massive 41’6 x 27’5 commercial workshop with high-voltage power, mezzanine, water & bay door. Tons of parking. Located close to the Fraser Highway Employment Lands Area Plan with future industrial potential. Estimated rental income over $8K/month.
How this price compares
This lot asks $67 per square foot of lot. That is 26% below the median of $90 across the 213 active lots VanPlex is showing in Langley, and puts it 86 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
- $2,833,000
- Lot size
- 42,340.32 sqft
- Lot dimensions
- 484.57 x
- Frontage
- 484.57 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1971
- MLS® area
- Salmon River
- MLS® number
- R3127812
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Listing data via MLS®. Displayed for information only.