23591 Fraser Highway

1 / 5

$3,300,000

23591 Fraser Highway

Langley · MLS® R3103575

10 sq ft lot · Land · Vacant Land · 214 days on market

listed by Han Wang, Royal Pacific Realty Corp.

realtor's description

INVESTORS/DEVELOPERS ALERT!!! Prime investment opportunity! 10.15 Acre Lot on Fraser Highway! Direct highway road frontage! Located within the Township of Langley's Fraser Highway Employment Land Area Plan. Huge potential for future development! Neighboring parcels have already been rezoned for industrial and commercial use.

property details

type: Land, Vacant Land
lot: 10 sq ft
parking: 0
property tax: $9,980 / yr
days on market: 214
MLS®: R3103575

the market here

listed now: 118 days; median for 40 homes for sale; this one 214 days

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

property tax by year

year	assessed	est. tax
2026	$3,062,000	$11,075

The listing shows $9,980 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

$15,209/mo

Mortgage $14,378 · Tax $832

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

estimated payment

$14,378/ monthly

loan $2,640,000

25-year amortization

down payment20% · $660,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,673,335
property transfer tax: $83,000; BC general rate
cash to close: $743,000; down + PTT
total paid: $4,313,335

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

location

lot outline: 41,441 m² (446,067 sq ft) · PID 006-713-955. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

LangleyGoogle Maps ↗

schools

Catchment schools, Langley School District 35

Elementary Peterson Road Elementaryhomes in this catchment
700 m away · 23422 47 Ave, Langley · 604-534-7904
Secondary D.W. Poppy Secondaryhomes in this catchment
1.7 km away · 23752 52 Ave, Langley · 604-530-2151

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
120 m away · 2023 · under review · 23633 Fraser Highway
Rezone property from Rural Zone (RU-1) to General Industrial Zone (M-2) to permit uses in Section 702.1 of the industrial zones bylaw.
Rezoning
200 m away · 2021 · under review · 23512 Fraser Highway
Amend the subject property's Small Farms/Country Estates designation in the Rural Plan and rezone the property from Rural Zone RU-1 to a yet to be determined limited industrial zone to accommodate future industrial uses on the site.
Rezoning
300 m away · 2021 · under review · 23500 Block of 44 Avenue and 4491 & 4477 236 Street
Amend the Rural Plan and rezone the property from Community Care Facility Zone (P-2H) and Rural Zone (RU-1) to Suburban Residential Zone (SR-1). Development Variance Permit and Subdivision applications have also been submitted.
Rezoning
300 m away · 2021 · under review · 23500 Block of 44 Ave.& 4491 & 4477 236 St.
Amend the Rural Plan and rezone the property from Community Care Facility Zone (P-2H) and Rural Zone (RU-1) to Suburban Residential Zone (SR-1). Development Variance Permit and Subdivision applications have also been submitted.
Rezoning
370 m away · 2023 · under review · 23400 Block of 44 Avenue
Amend the Rural Community Plan to redesignate property to accommodate an industrial use and to rezone property from Rural Zone RU-1 to Service Industrial Zone M-2.

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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about this home

realtor's description

property details