$1,999,000
5740 244B Street
Langley29 days on market
listed by Royal LePage - Wolstencroft
MLS® R3169308
20088 Fernridge Crescent
$2,388,888
20088 Fernridge Crescent
Langley · MLS® R3179917
437
2,520 sq ft · 70,567 sq ft lot · House · Single Family · built 1968 · listed today
listed by Tony Pontaletta, RE/MAX Treeland Realty
realtor's description
Prime investment opportunity in Langley's Fernridge Neighbourhood Plan (NCP)! This exceptional 1.6-acre property is designated for a minimum 10,000 sq. ft. lot configuration, offering outstanding future redevelopment potential. Clean title with no creeks, easements, or rights-of-way maximizes development appeal. The property features a 2,520 sq. ft. 4-bedroom home plus a detached coach house for added rental income. Ideally located just 1 minute to South Langley Church, 4 minutes to Glenwood Elementary, 10 minutes to Brookswood Secondary and H.D. Stafford Middle School, and minutes from shopping, parks, and amenities. A rare opportunity to invest, hold, or redevelop in one of Langley's growing neighbourhoods. Reach out today!
property details
- type
- House, Single Family
- bedrooms
- 4
- bathrooms
- 3
- living area
- 2,520 sq ft
- lot
- 70,567 sq ft
- parking
- 7
- year built
- 1968
- property tax
- $7,593 / yr
- days on market
- 0
- MLS®
- R3179917
features
- Washer
- Refrigerator
- Dishwasher
- Stove
- Dryer
floor plans
found among the listing photos.
monthly cost
$11,147/mo
Mortgage $10,514 · Tax $633
20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.
if you rented it out
- suite rent
- $2,030/mo
- your cost after the suite
- $9,454/mo
- vs $11,322 without it
Costs: mortgage $10,514 · tax $633 · insurance ~$175 · vacancy 3% · upkeep 5%.
Suite rent is today's market rent for a 1-bedroom in Langley: CMHC's average there ($1,765) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
location
LangleyGoogle Maps ↗
schools
Catchment schools, Langley School District 35
- Elementary Glenwood Elementaryhomes in this catchment
1.2 km away · 20785 24 Ave, Langley · 604-534-4644
- Secondary Brookswood Secondaryhomes in this catchment
3.3 km away · 20902 37a Ave, Langley · 604-530-2141
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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