20326-20350 72 AVENUE

Langley · MLS® R3143888

2 sq ft lot

Land · Vacant Land · 92 days on market

Listed by Ishwinder Ghag, Royal LePage Global Force Realty

Realtor's description

Rare multi-family development opportunity in the heart of Langley. 20326 & 20350 72 Avenue offer a combined 1.84 gross acres with proposed CD zoning and plans for a 6-storey residential apartment project with 218 homes. The concept includes underground parking, indoor and outdoor amenity areas, greenway dedication and strong frontage along 72 Avenue with future 71B Avenue access. Excellent location near 202B Street, schools, parks, daycare, existing apartments and major Willoughby growth. Asking $10,888,000. Buyer to verify all development details, approvals, servicing, fees, density and timelines with the Township of Langley.

Property details

Type: Land, Vacant Land
Lot: 2 sq ft
Parking: 0
Property tax: $35,702 / yr
Days on market: 92
MLS®: R3143888

Property insights

On market 92 days

The market here

Listed now: 113 days; median for 60 homes for sale; this one 92 days

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

Monthly cost

$50,378/mo

Mortgage $47,403 · Tax $2,975

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

estimated payment

$47,403/ monthly

loan $8,704,000

25-year amortization

down payment20% · $2,176,00020%+ 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: $5,516,935
property transfer tax: $462,000; BC general rate
cash to close: $2,638,000; down + PTT
total paid: $14,220,935

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

Lot outline: 3,678 m² (39,590 sq ft) · PID 011-899-921. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

LangleyGoogle Maps ↗

Location

LangleyGoogle Maps ↗

Schools

Catchment schools, Langley School District 35

Elementary Donna Gabriel Robins Elementaryhomes in this catchment
1.4 km away · 7844 204b St, Langley · 778-726-5555
Middle Peter Ewart Middlehomes in this catchment
1.3 km away · 7755 202a St, Langley · 778-726-4815
Secondary R.E. Mountain Secondaryhomes in this catchment
1.1 km away · 7633 202a St, Langley · 604-888-3033

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.

Development nearby

Rezoning for a 6 storey, 260 unit building
110 m away · 2023 · under review · 7160 & 7185 202B Street and 20290 72 Avenue
Amend the Central Gordon Estate Neighbourhood Plan and rezone property from Suburban Residential Zone (SR-2) to a new Comprehensive Development Zone for the development of two (2) six storey buildings containing 260 apartment units.
Rezoning for 218 homes
50 m away · 2024 · under review · 20326 & 20350 72 Avenue
Amend the Central Gordon Plan and rezone property Suburban Residential (SR-2) to a new Comprehensive Development Zone (CD) for the development of 218 apartment units.
Rezoning for 205 homes
60 m away · 2024 · under review · 20390 72 Avenue
Application to amend the Central Gordon Estate Neighbourhood Plan and rezone approximately 0.7 ha (1.7 ac) of land located at 20390 – 72 Avenue Street to Comprehensive Development Zone CD-199 to facilitate the development of 205 apartment units. at a density of 2.5 FSR.
Rezoning for 135 homes
350 m away · 2018 · under review · 7010 204 Street and 20443 70 Avenue
Amend the Central Gordon Estate Neighbourhood Plan to allow additional commercial space in the Apartment/Mixed Use designation and rezone property from Suburban Residential Zone (SR-2) to a Comprehensive Development Zone yet to be determined for the development of 135 apartment units and 8 commercial units. Development Permit and Subdivision applications have also been submitted. RO submitted June
Rezoning for 108 homes
130 m away · 2019 · under review · 7130 202B Street
Amend the Central Gordon Neighbourhood Plan by re-designating the property from townhouse to apartment. The Applicant further proposes to rezone property from Suburban Residential Zone (SR-2) to a yet to be determined Comprehensive Development Zone for the development of 108 apartment units.

And 5 smaller applications nearby.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: Township of Langley development activity.

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