20318 74b Ave, Langley, BC, MLS® R3023176

$4,499,000
Est. Mortgage /mo

10.0% price reduction

$4,499,000
$4,999,000
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
2 Beds
1 Baths
1 Stories
lot 43124 sqft
1200 sqft
1957 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

20318 74b Ave, Langley, BC | MLS® R3023176 Property Details

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

Price $4,499,000
Total Bedrooms 2
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 1200
Lot Size 43124.4
Lot Size Depth Metres
Lot Size Frontage 151.9
Basement Crawl Space
Basement Features BasementFeatures

Property Metrics

Year Built 1957
Age Of Building 68
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow
Stories 1
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R3023176
Area Langley
Neighbourhood Willoughby Heights
City Langley
Gross Taxes $17,533.71
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace -
Heating Type Natural Gas

Utilities

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

Parking

Parking Type Open, Front Access
Total Parking Spaces -

🔒 Join or Sign In • Real estate boards need a verified account to see Property data

Strata Restrictions -
Rental Restrictions -
Zoning SR-2
Rental Suites Unauthorized Suite
# of Kitchens 1
Foundation Concrete Perimeter
Locker -
View Description -
Units In Development -
Exterior Features No Outdoor Area
Sewer Septic Tank
Roof Asphalt

Property History

🔒 Join or Sign In • Real estate boards need a verified account to see Property data

Status Date Price
Show more

Listed by: Royal LePage - Wolstencroft & Royal LePage - Wolstencroft

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
Willoughby Elementary School
Average
1.36 km
6.6/10
Middle
Yorkson Creek Middle School
1.99 km
Secondary
R E Mountain Secondary School
0.65 km

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

Private Schools

Elementary
Fraser Valley Elementary School
1.52 km
Elementary, Secondary
King's School
2.94 km

Closest Transit

Translink
Northbound 202A St @ 76 Ave
0.32 km
Skytrain
Skytrain @ Willowbrook Station ( Under Construction till 2029)
3.08 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

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

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 $4,499,000
Langley No comparables
Willoughby Heights 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

Earn Cashback

Potential Cashback for this listing if you buy with us

$0
out of $26,894
0 of 17 missions
(0.0% out of 100%)

Login to track your cashback progress

Sign up on Estateblock.com

$1,345 / 5%

Use the “Hot Deal” module on our website

$538 / 2%

Sign up for our Newsletter

$269 / 1%

Create a saved search on Estateblock.com

$538 / 2%

Book a Property Showing with us

$538 / 2%

Get a mortgage through our recommended broker

$1,883 / 7%

Use our recommended insurance provider

$538 / 2%

Use our recommended notary for closing

$538 / 2%

Sign an Exclusive Buyer’s Agency Agreement with us

$1,883 / 7%

Share Estateblock.com on social media with a short intro

$807 / 3%

Refer a friend who successfully buys or sells with us

$6,724 / 25%

Sell your home with us2

$6,724 / 25%

Leave a Public Review in Google

$1,883 / 7%

Follow us on Insta or FB and tag us in a post

$807 / 3%

Create a short video testimonial after closing

$807 / 3%

Leave a Facebook review on our page

$538 / 2%

Talk with one of our mortgage brokers

$538 / 2%

Similar nearby listings

3271 196 Street, Surrey, BC
$3,750,000

3271 196 Street, Surrey, BC

2 Beds
1 Baths
1186 sqft
1954 built
MLS® R3029310 , Royal LePage Global Force Realty
3283 196 Street, Surrey, BC
$3,550,000

3283 196 Street, Surrey, BC

4 Beds
2 Baths
1466 sqft
1970 built
MLS® R3048507 , Hugh & McKinnon Realty Ltd.

Similar Sold listings

🔒 Join or Sign In • Real estate boards need a verified account to see photos & sold data

7986 227 Crescent, Langley, BC
Sold
$1,999,900

7986 227 Crescent, Langley, BC

4 Beds
3 Baths
1892 sqft
1972 built
MLS® R2962222 , Royal LePage - Wolstencroft
23166 48 Avenue, Langley, BC
Sold
$2,600,000

23166 48 Avenue, Langley, BC

4 Beds
2 Baths
2199 sqft
1962 built
MLS® R2906739 , Royal LePage - Wolstencroft
5465 247a Street, Langley, BC
Sold
$1,950,000

5465 247a Street, Langley, BC

3 Beds
4 Baths
2122 sqft
1972 built
MLS® R2994505 , Royal LePage - Wolstencroft
24775 56 Avenue, Langley, BC
Sold
$1,799,000

24775 56 Avenue, Langley, BC

2 Beds
2 Baths
1525 sqft
1950 built
MLS® R2993985 , Sutton Group-Alliance R.E.S.

Book a tour

Please complete the form. We will the arrangements and give you a call, typically within 1-2 hours. Or Call Us 778-918-5990
Thank you Your message has been sent
Go See This Home Now