7380 198B STREET, Langley
$10,000,000
This 118,483.2 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.
Developer Alert! Prime Development Opportunity - Latimer Neighbourhood Plan. A 2.72 acre site in the heart of Willoughby identified for future residential use. Currently zoned SR2, the property is designated for Single Family (8 UPA) and Rowhouse/Townhouse forms (up to 22 UPA), subject to Township approvals. Net developable area is subject to road dedication and servicing requirements. Not in the ALR. Strategically located in a rapidly growing area, this site presents excellent potential for builders and developers to pursue rezoning and subdivision. Buyer to verify all measurements, density, and development potential with the Township. A rare chance to secure a high-upside development site in a sought-after growth corridor.
How this price compares
This lot asks $84 per square foot of lot. That is 6% below the median of $90 across the 213 active lots VanPlex is showing in Langley, and puts it 98 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
- $10,000,000
- Lot size
- 118,483.2 sqft
- Lot dimensions
- 18 x (2.72AC)
- Frontage
- 59.05 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1972
- MLS® area
- Willoughby Heights
- MLS® number
- R3091988
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Listing data via MLS®. Displayed for information only.