5307 246A STREET, Langley
$1,500,000
This 49,658.4 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.
Rare opportunity to own 1.14 acres in Langley's highly sought-after Salmon River/North Otter community. This 4-bedroom plus den split-level home with attached double garage offers solid bones and endless potential for those ready to renovate, refresh or build equity. A detached shop approximately 750 sq ft with multiple bays. Two separate driveways and a desirable corner lot provide outstanding flexibility for hobbyists, home-based businesses or storage. Ideally located within walking distance to Canco gas and convenience and North Otter Elem. and minutes to D.W. Poppy Sec. schools, Otter Co-op, Bonetti Meats, Krause Berry Farms, JD Farms, Otter Trail Winery, Poppy Estate Golf Course, Thunderbird Show Park, Highway 1 and the U.S. border. A prime location with exceptional future potential.
How this price compares
This lot asks $30 per square foot of lot. That is 66% below the median of $90 across the 213 active lots VanPlex is showing in Langley, and puts it 51 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
- $1,500,000
- Lot size
- 49,658.4 sqft
- Lot dimensions
- 462.24 x (1.14AC)
- Frontage
- 462.24 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1975
- MLS® area
- Salmon River
- MLS® number
- R3149941
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.