7380 198b St, Langley BC - Single Family Residence for Sale - MLS# R3091988

$10,000,000
Est. Mortgage $44,240/mo
5 Beds
3 Baths
2484 sqft
4026 $ /sqft
1972 built
13.0% price reduction
$10,000,000
$11,500,000
Est. $44,240/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

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Property Details for 7380 198b Street

13.0% price reduction

Developer Alert! Prime Development Opportunity - Latimer Neighbourhood Plan. A 2.72 acre site in the heart of Willoughby identified for future residential use. Currently zoned SR2, the property is designated for Single Family (8 UPA) and Rowhouse/Townhouse forms (up to 22 UPA), subject to Township approvals. Net developable area is subject to road dedication and servicing requirements. Not in the ALR. Strategically located in a rapidly growing area, this site presents excellent potential for builders and developers to pursue rezoning and subdivision. Buyer to verify all measurements, density, and development potential with the Township. A rare chance to secure a high-upside development site in a sought-after growth corridor.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Stove, Microwave
Interior Features Pantry
Fireplace 2
Heating Type Forced Air
# of Kitchens 2
Flooring Concrete, Vinyl
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
Roof Asphalt
Structures Residential Detached

Building Details

Price $10,000,000
Total Bedrooms 5
Total Bathrooms 3
Full Bathrooms 2
Half Bathrooms 1
Floor Area Total (sqft) 2484
Year Built 1972
Age Of Building 54
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Utility Type Electricity Connected, Natural Gas Connected
Utility Sewer Septic Tank, Sanitary Sewer
Water (WaterSource) Public
Parking Type Detached, Concrete
Total Parking Spaces 12
Rental Suites None

Lot & Land

Lot Size 2.72
Lot Size Depth Metres
Lot Size Frontage 59.05
MLS® # R3091988
Area Langley
Neighbourhood Willoughby Heights
City Langley
Postal Code V2Y 1R9
Gross Taxes $6,949.39
Zoning SR2

Property Timeline

Status Date Price
R3091988 / Active 02-23-2026 $10,000,000
Rooms
Floor Type Dimensions
Above Level Primary Bedroom 11' x 11' ft
Above Level Bedroom 13' x 13' ft
Above Level Bedroom 11' x 11' ft
Above Level Kitchen 14' x 14' ft
Above Level Dining Room 11' x 11' ft
Above Level Living Room 15' x 15' ft
Main Level Bedroom 13' x 13' ft
Main Level Foyer 10' x 10' ft
Main Level Living Room 13' x 13' ft
Main Level Bedroom 11' x 11' ft
Main Level Foyer 9'5 x 9'5 ft
Main Level Kitchen 12' x 12' ft
Main Level Laundry 9' x 9' ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3

Listed by: 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.

Map & Neighbourhood

Public Schools

Elementary
Willoughby Elementary School
Average
2.08 km
6.6/10
Middle
Yorkson Creek Middle School
2.52 km
Secondary
R E Mountain Secondary School
0.98 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
Average
1.61 km
6.3/10
Secondary
Whytecliff Agile Learning Centre (Langley)
3.68 km

Closest Transit

Bus Stop
Northbound 200 St @ 72 Ave
0.37 km
Skytrain
Skytrain @ Clayton Station ( Under Construction till 2029)
2.54 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

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 7380 198b Street

BC Assessment Value — 7380 198b Street

2026 assessed value, sourced from City of Langley open data (PID 010-845-976).
Total Assessed Value (2026)
$2,190,000
+5.5% YoY
+1.5%/yr over 2 yr
2024 Value Trend 2026
Land
$2,089,000
Buildings
$101,000
Year Built
N/A
Class
002
Zoning
SR-2
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $2,089,000 $101,000 $2,190,000
+5.5%
2025 $1,953,000 $122,000 $2,075,000
-2.3%
2024 $1,992,000 $132,000 $2,124,000

Mortgage Calculator for 7380 198b Street

/month
Principal & Interest
Property Taxes $579
Maintenance fee 0
With a 20% down payment, buyers can expect an estimated $38,772/month in total housing costs on this $10,000,000 property — $38,193 mortgage payment, $579 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%
Based on $21,800/month estimated rent and $39,313/month in total housing costs, this property has a -$17,513/month cashflow. Break-even down payment: approximately 57%.
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 $10,000,000
Langley Loading...
Willoughby Heights Loading...

Based on 3 comparable active Single Family Residences in Willoughby Heights, the average asking price is $1,145,667. This listing is priced 772.9% above the neighbourhood average. This property is flagged as a Hot Deal (13.0% 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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