25.3% price reduction

20308 27 Ave, Langley, BC

$5,980,000
Est. Mortgage /mo

MLS® R2919165

3 Beds
3 Baths
3500 sqft
1709 $ /sqft
1976 Built
$5,980,000
$8,000,000
Est. /mo with 20% down
$1,709/sqft · Tax $19,890/2023
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

Property Details & Specs

25.3% price reduction

MAJOR DEVELOPMENT POTENTIAL. Unlock the potential of this exceptional FLAT 2.15-acre property in Brookswood's New Fernridge NCP. Positioned for significance growth under the BC Government's new SSMUH regulations, this parcel may allow for up to 4 units per 7000 sq ft lot, offering substantial development potential. New SSMUH regulations may enable higher-density development; buyer should confirm details. Services are already in place at the property's front, and a detention pond is established- a valuable feature that simplifies the development process. Additional Features: Includes a beautiful 3500 sq ft house, with no creeks or right-of-ways and minimal tree cover. Act fast and capitalize on this growth opportunity! The area is undergoing significant development at your doorstep.

General Info

Price $5,980,000
Total Bedrooms 3
Total Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 3500
Lot Size 2.15
Lot Size Depth Feet
Lot Size Frontage 314
Basement Full
Basement Features -

Property Metrics

Year Built 1976
Age Of Building 50
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features -
Structures Residential Detached

Additional Details

MLS® # R2919165
Building Name -
Area Langley
Neighbourhood Brookswood Langley
City Langley
Postal Code V2Z 1X3
Price per Sqft $1,709
Gross Taxes $19,889.95
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Radiant

Utilities

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

Parking

Parking Type Open
Total Parking Spaces -
Listed by: Westmont Realty Inc.

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 & Transit Info

Public Schools

Elementary
Glenwood Elementary School
Average
1.08 km
5.5/10
Secondary
Brookswood Secondary School
2.46 km

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

Private Schools

Elementary
St. Catherines School
1.04 km
Elementary, Secondary
Credo Christian Schools
5.95 km

Closest Transit

Bus Stop
Northbound 200 St @ 28 Ave
0.67 km
Skytrain
Skytrain @ Langley City Centre Station ( Under Construction till 2029)
6.18 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Below Average
12.2%
No Certificate/Degree
Above Average
19.8%
Owner Occupied
Below Average
42.5%
Employment Rate
Below Average
47.1%

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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $1,657
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($1,196,000), the estimated monthly payment for this listing is $24,497/month — $22,840 principal & interest, $1,657 property tax.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
At an estimated rental income of $13,550/month, this property runs a $11,320/month shortfall after mortgage and carrying costs. Break-even requires approximately 60% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $5,980,000
Langley Loading...
Brookswood Langley Loading...
No active comparables are currently available for this property type in Langley. Pricing context may be limited at this time. This property is flagged as a Hot Deal (25.3% price reduction) based on its competitive pricing and market demand.
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

Property FAQs

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Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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