5505 248 St, Langley, BC, MLS® R3053009

$1,995,000
Est. Mortgage /mo

NEW

$1,995,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
3 Beds
2 Baths
2 Stories
lot 120225 sqft
2355 sqft
1966 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

5505 248 St, Langley, BC | MLS® R3053009 Property Details

This 2.76-acre property offers endless possibilities, featuring a 2,350 sqft. home currently rented for $3,700/month plus utilities, providing immediate income with potential for additional revenue and separate road access. With two road frontages, including a quiet no-thru access from 247A Street, the property is surrounded by mature apple and plum trees, making it an ideal site to build your custom home and/or workshop. Enjoy the peaceful, retreat-like setting with nearby trails, all while being within walking distance to schools and local amenities, truly a rare opportunity in a highly desirable neighbourhood.

General Info

Price $1,995,000
Total Bedrooms 3
Total Bathrooms 1
Half Bathrooms 1
Floor Area Total (sqft) 2355
Lot Size 2.76
Lot Size Depth Feet
Lot Size Frontage 126.3
Basement Finished, Exterior Entry
Basement Features BasementFeatures

Property Metrics

Year Built 1966
Age Of Building 59
Building Type Single Family Residence
Property Type Residential
Architecture Style Basement Entry, Split Entry
Stories 2
Appliances Included Washer/Dryer
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R3053009
Area Langley
Neighbourhood Salmon River
City Langley
Gross Taxes $7,089.38
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 1
Heating Type Forced Air, Natural Gas

Utilities

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

Parking

Parking Type Garage Single, RV Access/Parking, Front Access
Total Parking Spaces 9

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Strata Restrictions -
Rental Restrictions -
Zoning SR1
Rental Suites -
# of Kitchens 1
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Garden
Sewer Septic Tank
Roof Asphalt

Property History

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Status Date Price
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Listed by: Century 21 Coastal Realty Ltd.

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
0.25 km
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
2.92 km
Elementary, Secondary
Fraser Valley Adventist Academy
2.92 km

Closest Transit

Bus Stop
Westbound Fraser Hwy @ 244 St
3.47 km
Skytrain
Skytrain @ Langley City Centre Station ( Under Construction till 2029)
8.91 km

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to the charming community of Langley, BC, where you'll find the perfect blend of small-town charm and urban convenience. As we walk through the picturesque streets of this lovely neighborhood, let's start with the schools that make it all happen.

Just down the road from the property at 5505 248 Street, Langley, BC, you'll find North Otter Elementary School, rated 5.5/10. This school is an excellent choice for families, with a convenient distance of 0.25 km from the property with MLS® R3053009. According to recent data, the school has a strong reputation, making it a top pick for families in the area.

For those seeking an independent education, Fraser Valley Adventist Academy is the closest elementary school, located 2.92 km from the property at 5505 248 Street. This school offers a unique learning experience, with a focus on faith-based education. For secondary education, Fraser Valley Adventist Academy is also the closest option, offering a comprehensive program for students.

Now, let's talk about the safety and security of the area. According to Statistics Canada's 2020 report, the neighborhood surrounding 5505 248 Street, Langley, BC, has an average crime rate of 7,580.38 incidents per 100,000 population. This is slightly above the national average, but the overall crime rate has been steadily decreasing over the years, with a notable 11.06% drop in 2020. If you're concerned about drug-related crimes, rest assured that the rate in the area surrounding MLS® R3053009 is average, with 243.37 incidents per 100,000 population.

As for property crimes, the area has an above-average rate of 4,065.67 incidents per 100,000 population, which is slightly higher than the national average. However, the rate has been declining, with a 19.88% drop in 2020. Most reassuringly, the violent crime rate in the neighborhood is below average, with 1,086.96 incidents per 100,000 population, and a 6.24% decrease in 2020.

Now, let's talk about the lifestyle and demographics of the area. The neighborhood has a diverse population, with 13.5% of residents holding a university certificate or degree, which is slightly below the BC average. However, 17.1% of the population has no certificate or degree, which is in line with the BC average.

The median household income in the area surrounding 5505 248 Street, Langley, BC, is $102,443, which is significantly higher than the BC average. The median personal income is $39,536, which is above the BC average. Interestingly, 49.2% of households in the area have a mortgage, which is below the average for the region.

In terms of transportation, the area is well-connected, with the Westbound Fraser Hwy @ 244 St bus station located 3.47 km away from the property at 5505 248 Street, Langley, BC. With an unemployment rate of 4.1%, the area is considered low-risk for job seekers.

As for the community itself, the population has been steadily growing, with an average annual growth rate of 2.1% between 2011 and 2016. The population density in the area is 288 people per square kilometer, which is relatively low compared to other areas in BC.

The average family size in the area is 2.9, which is average for the region. Interestingly, 52.7% of families in the area have children, which is below the average for the region. However, 66.8% of the population is married or living common law, which is above the BC average.

In terms of age demographics, the area has an average age of 43.9, which is above the BC average. The average value of dwellings in the area is $1,019,997, which is significantly higher than the BC average.

For those who value convenience, the property at 5505 248 Street, Langley, BC, offers easy access to various amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. The area is also close to major highways, making it an ideal location for commuters.

In terms of transportation, 95.1% of residents in the area use cars, which is significantly higher than the BC average. Only 2% of residents use public transportation, which is relatively low. However, 1.6% of residents walk, which is also relatively low.

As a local realtor with extensive experience in Langley, BC, I can confidently say that this property at 5505 248 Street, Langley, BC, MLS®

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 $1,995,000
Langley $4,183,333
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
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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