7340 196 St, Langley BC - Land for Sale - MLS# R3116477

$915,900
Est. Mortgage $4,052/mo
0 sqft
Foreclosures, 5.9% price reduction
$915,900
$973,000
Est. $4,052/mo with 20% down
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

Photos

Property Details for 7340 196 Street

Foreclosures 5.9% price reduction

Prime opportunity to build your dream home on a quiet culdesac lot, bordering Clayton and Willoughby! This Court Ordered Sale offers serious potential in an incredible location - express busses steps away, 3 km to Willowbrook Mall & future skytrain station, Fantastic school catchments, and everything else Langley has to offer. The lot is just over 3,400 sqft with RC-L zoning allowing for a single family home. Buyers to verify their plans with the township. Do not walk the property without an appointment. Give us a call today!

Exterior Features

Structures Land Only

Building Details

Price $915,900
Property Type Land
Ownership Type Freehold NonStrata
Community Features Near Shopping
Utility Type Sanitary Sewer Available, Storm Sewer Available, Electricity Available, Natural Gas Available, Phone Nearby, Cable Available
Water (WaterSource) Public

Lot & Land

Lot Size 3428
Lot Size Depth Feet
Lot Size Frontage 43.97
MLS® # R3116477
Area Langley
Neighbourhood Willoughby Heights
City Langley
Postal Code V2Y 3C3
Gross Taxes $5,043.74
Zoning R-CL

Property Timeline

Status Date Price
R3116477 / Active 04-24-2026 $915,900

Listed by: eXp Realty of Canada Inc. & eXp Realty of Canada 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.

Map & Neighbourhood

Public Schools

Elementary
Willoughby Elementary School
Above Average
2.66 km
7.1/10
Middle
Yorkson Creek Middle School
Average
3.01 km
6.4/10

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

Private Schools

Elementary,Secondary
Crescent Heights Academy
Above Average
1.83 km
9.5/10
Elementary,Secondary
Crescent Heights Academy
Above Average
1.83 km
9.5/10

Closest Transit

Bus Stop
Westbound 72 Ave @ 196 St
0.26 km
Skytrain
Skytrain @ Clayton Station ( Under Construction till 2029)
2.06 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average
23.1%
No Certificate/Degree
Above Average
15.7%
Owner Occupied
Above Average
82.3%
Employment Rate
Above Average
72.5%

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

Sell Speed & Competition

40 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $699,015
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 2.06 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How WILLOUGHBY HEIGHTS compares
This property
76 DOM
Listed
Willoughby Heights avg
Langley avg

7340 196 Street has a sell-speed score of 40/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 23.7% above comparable active properties in Willoughby Heights. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V2Y 3C3

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V2Y 3C3, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.6 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Surrey East, Surrey (~1.2 km). Annual avg AQHI 1.8 — Low Risk.

Heat Moderate

Langley - District currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~9 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30.1 °C baseline, ~32.7 °C projected. Tropical nights (>18 °C): ~0 baseline, ~1 projected.

Precipitation Increasing

Annual precipitation ~1517 mm (1981–2010 baseline), projected ~1577 mm by the 2050s. Extreme 1-day rainfall: ~52.1 mm baseline, ~57.8 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 7340 196 Street

Walkability & Transit Near 7340 196 Street

Walk Score Badge
Car-Dependent 62

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 35

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
68

Bike Score - Bikeable

Some bike infrastructure

BC Assessment Value — 7340 196 Street

2026 assessed value, sourced from City of Langley open data (PID 025-865-366).
Total Assessed Value (2026)
$869,000
-42.3% YoY
-24.9%/yr over 2 yr
2024 Value Trend 2026
Land
$869,000
Buildings
$0
Year Built
N/A
Class
001
Zoning
R-CL
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $869,000 $0 $869,000
-42.3%
2025 $845,000 $661,000 $1,506,000
-2.1%
2024 $888,000 $651,000 $1,539,000

Mortgage Calculator for 7340 196 Street

/month
Principal & Interest
Property Taxes $420
Maintenance fee 0
Financing 80% of the $915,900 asking price over 30 years at 4% results in approximately $3,918/month in total estimated carrying costs, $420 property tax.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
This listing generates an estimated $3,226/month in rental income, leaving a -$844/month cashflow at current carrying costs. Investors targeting break-even would need roughly 40% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Willoughby Heights, Langley

Beds Home Types Square Feet Lot Size Year Built
This Home $915,900
Langley Loading...
Willoughby Heights Loading...

Based on 4 comparable active properties in Willoughby Heights, the average asking price is $847,725. This listing is priced 8% above the neighbourhood average. This property is flagged as a Hot Deal (Foreclosures, 5.9% 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

Listing Agent & Brokerage

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

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Walkability & Transit Near 7340 196 Street

Walk Score Badge
Car-Dependent 62

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 35

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
68

Bike Score - Bikeable

Some bike infrastructure

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