$2,400,000

20040 50 AVENUE

Langley · MLS® R3135214

5 bed · 2 bath · 2,286 sq ft · 16,464 sq ft lot · 3 parking

House · Single Family · built 1969 · 119 days on market

Listed by Larry Anderson, Sutton Premier Realty

Realtor's description

Prime development opportunity in Langley City! This massive 16,465 sq ft (approx. 0.38 acre) lot is designated "Medium Density Residential" in the Official Community Plan, supporting potential for townhomes, rowhomes, or low-rise apartments (verify with City). Located within the Nicomekl neighbourhood plan and walking distance to the future SkyTrain station, this property offers exceptional redevelopment potential in a high-growth corridor. The site features excellent frontage and depth for efficient site planning. Current home is in rentable condition, providing holding income while you advance your project. With strong demand for multi-family housing in Langley, this is a rare chance to secure a large, well-located parcel with significant upside.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 2
Living area: 2,286 sq ft
Lot: 16,464 sq ft
Parking: 3
Year built: 1969
Property tax: $7,388 / yr
Days on market: 119
MLS®: R3135214

Price check

2026 assessment: $1,476,400 · asking is +63%
Price per sq ft: $1,050 vs $568 median for houses in Langley for sale (643)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 119 days · no price changes so far

The market here

Listed now: 50 days; median for 655 houses for sale; this one 119 days

Houses in Langley. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$1,476,400	$5,340

The listing shows $7,388 a year in property tax.

Estimate: the BC Assessment value times Langley's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$11,072/mo

Mortgage $10,457 · Tax $616

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$10,457/ monthly

loan $1,920,000

25-year amortization

down payment20% · $480,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,216,971
property transfer tax: $50,000; BC general rate
cash to close: $530,000; down + PTT
total paid: $3,136,971

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

LangleyGoogle Maps ↗

Location

LangleyGoogle Maps ↗

Schools

Catchment schools, Langley School District 35

Elementary Simonds Elementaryhomes in this catchment
600 m away · 20190 48 Ave, Langley · 604-530-2361
Middle H.D. Stafford Middlehomes in this catchment
800 m away · 20441 Grade Cres, Langley · 604-534-9285
Secondary Langley Secondaryhomes in this catchment
3.1 km away · 21405 56 Ave, Langley · 604-534-4171

From the Langley School District 35's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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