10.0% price reduction
Attention Investors: Ideal opportunity for a development investment property. The main value lies in the land, which is flat and occupies 0.99 acres within the Latimer Land Use Plan. Positioned next to the well-established Southwest Gordon estate, this property is designated for up to 22 rowhouse/townhouse units per acre. There are no creeks on the property. The property and any improvements are being sold in as-is-where-is condition. Combined rent with this property & the neighboring one is: Month to month rent of $1600 (Bsmt), $2900 (House) and Month to month rent $4700 (House), $1700 (Garden House) & $1300 (Garage Upstairs).
General Info
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 10'2 x 10'2 ft |
| Main Level | Kitchen | 8'0 x 8'0 ft |
| Main Level | Primary Bedroom | 10'0 x 10'0 ft |
| Main Level | Bedroom | 9'0 x 9'0 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
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Imagine yourself walking through the charming community of Willoughby Heights in Langley, BC, where the MLS listing R3023176 awaits. As we stroll down 74b Avenue, you'll notice the picturesque surroundings and the proximity to excellent educational institutions.
Let's start with the schools, shall we? The property at 20318 74b Avenue is served by the highly-rated Willoughby Elementary School, boasting a 6.6/10 rating. This school is only 1.36 km from the property, making it an ideal choice for families. If you're looking for a secondary independent school, the closest option is King's School, rated 7.3/10, located approximately 2.94 km from the home.
Now, let's move on to the crime statistics. According to Statistics Canada's 2020 report, the neighbourhood surrounding 20318 74b Avenue, Langley, BC has an average crime rate of 7,580.38 incidents per 100,000 population. This is a typical urban crime rate, and the numbers have shown a decrease of -11.06% year over year. In comparison to other Canadian cities, the crime rate near this property is average.
If we break down the crime statistics further, we'll see that the drug crime rate is average, with a rating of 243.37 and 326 illegal substances lawbreaking disturbances in 2020. The property crime rate is above average, with a rating of 4,065.67 and 5,446 incidents in 2020. However, the violent crime rate is below average, with 1,456 incidents in 2020 and a rate of 1,086.96.
As we continue our walk, you'll notice the proximity to public transportation. The closest bus station is Northbound 202A St @ 76 Ave, located just 0.32 km away from the property with MLS listing R3023176.
Now, let's delve into the demographics of the area. The neighbourhood surrounding 20318 74b Avenue, Langley, BC has a high percentage of residents with a university certificate or degree, at 24.2%, which is above average in comparison to other BC neighbourhoods. On the other hand, 12% of the population in this area has no certificate or degree, which is low compared to the average in BC.
In terms of income, the median household income near this dwelling is $93,216, which is above average in comparison to the British Columbia average. The median personal income is $34,395, which is average in comparison to the BC average. Additionally, 78.9% of households in this census subdivision have a mortgage, which is high.
The unemployment rate in the area is 5.9%, which is below average compared to other province neighbourhoods. This is excellent news for potential residents and investors.
As we explore the community, you'll notice that the population change between 2011 and 2016 was 16.3%, which is high compared to the average growth rate of this region. The population density per square kilometre is 1,291.6, which is average.
The average size of families in the area is 3.2, which is high compared to the whole region. Additionally, 76.3% of families in this area have children, which is high. The percentage of married or living common law couples is 63.6%, which is above average.
The average age of the population in this area is 34, which is low compared to other BC cities. However, this can be seen as a positive factor, as it indicates a young and vibrant community.
When it comes to real estate, the average value of dwellings in this neighbourhood is $794,777, which is high compared to other areas in British Columbia. The average owner payments are also high, with $1,882 spent on average for the dwelling. However, the average rent is $1,545, which is also high.
Finally, 21.9% of the population in this district are renters, which is average compared to other BC cities and areas. The percentage of English and French speakers is 5.1%, which is below average, while the percentage of English speakers only is 91.3%, which is average. The percentage of French speakers only is 0.1%, which is below average, and the percentage of neither English nor French speakers is 3.4%, which is high.
As for transportation, 6.5% of the population in this area use public transport, which is below average. However, 90.6% of the population use cars, which is above average. 0.4% of the population use bicycles, which is low, and 1.4% of the population walk, which is also low.
In conclusion, the property at
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