4898 248 St, Langley, BC, MLS® R2972496

$5,350,000
Est. Mortgage /mo

$5,350,000
$5,499,999
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Trusted, Experienced, & Award-Winning REALTOR®
Go See This Home Now
5 Beds
5 Baths
1 Stories
lot 902127 sqft
4432 sqft
1968 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

Discover country living at its finest on this sprawling 20-acre estate in Langley's coveted Salmon River. Boasting 15 acres of untouched pasture, this property offers unparalleled potential for equestrian pursuits, hobby farming, or simply embracing vast open space. Beyond the fields, a spacious rancher-style home and additional income-generating structures complete this idyllic setting. Opportunity for privacy and agricultural dreams, minutes from urban amenities. Adding to its allure, a fantastic indoor riding arena currently generates $5,000 per month, providing an immediate and substantial income stream. This makes the property an exceptional investment for equestrian entrepreneurs or those seeking a multi-faceted farm. Also a potential $2200-$2800 rental income from the Mobile home.

General Info

Price $5,350,000
Total Bedrooms 5
Total Bathrooms 5
Half Bathrooms 0
Floor Area Total (sqft) 4432
Lot Size 20.71
Lot Size Depth Feet
Lot Size Frontage -
Basement Crawl Space
Basement Features BasementFeatures

Property Metrics

Year Built 1968
Age Of Building 57
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Range Top, Wine Cooler
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R2972496
Area Langley
Neighbourhood Salmon River
City Langley
Gross Taxes $4,516.11
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby

Heating & Cooling

Fireplace 4
Heating Type Forced Air, Natural Gas, Oil

Utilities

Utility Type Electricity Connected, Natural Gas Connected
Utility Sewer Septic Tank
Water (WaterSource) Well Drilled

Parking

Parking Type Detached, RV Access/Parking, Asphalt, Gravel, Garage Door Opener
Total Parking Spaces 20

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Strata Restrictions -
Rental Restrictions -
Zoning RU-3
Rental Suites Other
Laundry In Unit
# of Kitchens 2
Flooring Hardwood, Tile
Foundation Concrete Perimeter, Slab
Locker -
View Description -
Units In Development -
Exterior Features Balcony, Private Yard
Sewer Septic Tank
Roof Wood

Property History

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Status Date Price
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Listed by: Homelife Benchmark Realty Corp. & Homelife Benchmark Realty Corp.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Elementary
North Otter Elementary School
Average
0.98 km
Rating 5.5/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary, Secondary
Fraser Valley Adventist Academy
2.5 km
No Rating
Elementary, Secondary
Fraser Valley Adventist Academy
2.5 km
No Rating

Closest Transit

Translink
Westbound Fraser Hwy @ 244 St
2.3 km

4898 248 Street is serviced by North Otter Elementary School. The property with listing MLS® R2972496 is located 0.98 km from the school. North Otter Elementary School has a rating of Rating 5.5/10.

The closest Elementary independent school to this home for sale located at 4898 248 Street is Fraser Valley Adventist Academy with School's rating No Rating, located 2.5 km from this home.

The closest to this address 4898 248 Street Secondary independent school is Fraser Valley Adventist Academy with School's rating No Rating, located 2.5 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 10,154 volation disturbances in this neighbourhood. The overall crime rate near the address - 4898 248 Street, Langley, BC is 7,580.38. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Average rate in 2020. Year by year change in the total crime rate is -11.06%

Drug crime rate next to the listing MLS® R2972496 is Average comparing to other neighbourhoods. The illegal substances offences rating is 243.37. There were 326 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is -2.38%

Property crimes in the neighbourhood close to real estate listing for sale 4898 248 Street are Above Average. Property misconduct rating adjacent to MLS® R2972496 is 4,065.67. There were 5,446 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -19.88%

There were 1,456 violent lawbreaking disorders in 2020. 1,086.96 and it is Below Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is -6.24%

The closest Bus station is Westbound Fraser Hwy @ 244 St in 2.3 km away from this listing with - MLS® R2972496.

9.8% of people with university certificate/degree live in this neighbourhood adjacent to the 4898 248 Street which is Below Average in comparison with other BC neighbourhoods. 17.1% of population in this neighbourhood that is near the Listing MLS® R2972496 have no certificate or degree. This number is Average compared to the average in BC.

Median Household Income near this dwelling with the address 4898 248 Street, Langley, BC is $97178 which is High in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2972496 is $36096 which is Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 70.1% which is High.

Unemployment rate in the area around Real Estate Listing # R2972496 is 3 which is Low in comparison to the other province neighbourhoods.

This real estate is located in 4898 248 Street Salmon River where population change between 2011 and 2016 was 4.7%. This is Above Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 4898 248 Street, Langley, BC is 145.8 which is Below Average people per sq.km.

Average size of families in the area adjacent to home for sale 4898 248 Street is 3. This is Above Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2972496 is 62.4% and it is Above Average. % of Married or living common law is around 64.2% and it is Above Average.

Average age of the population close to the 4898 248 Street is 39.9 . This percentage is Below Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 4898 248 Street, Langley, BC is $936985 and this is High comparing to other areas in British Columbia

Average Owner payments are High in the area adjacent to 4898 248 Street. $1696 owners spent in average for the dwelling. Tenants are paying $1135 in this district close to MLS® R2972496 and it is Above Average comparing to other cities.

15.6% of Population in this district near the 4898 248 Street are Renters and it is Below Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 4898 248 Street, Langley, BC is 4%, it is Low, % of English speakers only is 94.7% and Above Average. % of Neither English nor French speakers close to home for sale 4898 248 Street, Langley, BC is 1.3% and it is Average comparing to other BC cities.

0.6% of all population in the area around this property with the address 4898 248 Street, Langley, BC using Public Transport which is Low, 94% of using population are using Cars around MLS® R2972496, which is High. 0.9% of people using Bicycles around the 4898 248 Street and it is Average. 2.8% of population are walking which is Below Average

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $5,350,000
Langley $4,528,000
Salmon River No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Trusted, Experienced, & Award-Winning REALTOR®
778-918-5990
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