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2361 200 STREET, Langley

$1,868,000

This 25,266 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 Investment Opportunity – Two Homes on a Large Lot in South Langley! Welcome to 2631 200 St, Langley, BC, a rare income-producing property featuring two separate residences on a 25,266 sq. ft. (0.58-acre) lot in the heart of Brookswood-Fernridge. Both homes are currently rented to excellent long-term tenants, making this a perfect turnkey investment! Property Highlights: Main Home: 2-bedroom house with garden, offering steady rental income. Renovated Manufactured Home: 2-bedroom, 2-bath secondary residence, recently updated and also leased to a great long-term tenant. Spacious Lot: Over 25,000 sq. ft., offering future potential for development

How this price compares

This lot asks $74 per square foot of lot. That is 18% below the median of $90 across the 213 active lots VanPlex is showing in Langley, and puts it 88 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
$1,868,000
Lot size
25,266 sqft
Lot dimensions
205 x 120.63
Frontage
205 ft
Bedrooms
0
Bathrooms
0
Year built
1972
MLS® area
Brookswood Langley
MLS® number
R3066569

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Listing data via MLS®. Displayed for information only.