8071 197 St, Langley, BC

$9,995,000
Est. Mortgage /mo

MLS# R2898008

6 Beds
5 Baths
5012 sqft
1994 $ /sqft
1988 built
$9,995,000
Est. /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

Property Details & Specs

Developers, discover the potential of this 2-acre property, ideal for future townhouse development, situated near the thriving Willoughby and Latimer Developments in Langley Township. With approximately 1 acre of developable land, this property is an excellent investment opportunity. It features a spacious home with multiple suites, outbuildings, a large 33’x24’ garage and sizable workshop. Notably neighboring property of similar size is currently undergoing a development application for townhouses.

General Info

Price $9,995,000
Total Bedrooms 6
Total Bathrooms 4
Half Bathrooms 1
Floor Area Total (sqft) 5012
Lot Size 2
Lot Size Depth Feet
Lot Size Frontage -
Basement 0
Basement Features Full

Property Metrics

Year Built 1988
Age Of Building 37
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Structures Residential Detached

Additional Details

MLS® # R2898008
Building Name -
Area Langley
Neighbourhood Willoughby Heights
City Langley
Postal Code V2Y 1Y4
Price per Sqft -
Gross Taxes $11,163.67
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 2
Heating Type Electric, Heat Pump

Utilities

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

Parking

Parking Type Additional Parking, Detached
Total Parking Spaces 10
Strata Restrictions -
Rental Restrictions -
Zoning RS-2
Rental Suites Unauthorized Suite
# of Kitchens 3
Flooring Wall/Wall/Mixed
Foundation Concrete Perimeter
Locker -
View Description -
Units In Development -
Exterior Features No Outdoor Area
Sewer Septic Tank
Roof Asphalt

Property Timeline

Status Date Price
R2898008 / Active 06-20-2024 $9,995,000
Rooms
Floor Type Dimensions
Main Level Living Room 20' x 20' ft
Main Level Dining Room 15' x 15' ft
Main Level Kitchen 19' x 19' ft
Main Level Family Room 16'5 x 16'5 ft
Main Level Foyer 11' x 11' ft
Main Level Den 11'6 x 11'6 ft
Above Level Primary Bedroom 24'11 x 24'11 ft
Above Level Bedroom 14'2 x 14'2 ft
Above Level Bedroom 14'5 x 14'5 ft
Above Level Games Room 30' x 30' ft
Basement Level Living Room 14' x 14' ft
Basement Level Kitchen 9'5 x 9'5 ft
Basement Level Bedroom 12'6 x 12'6 ft
Basement Level Bedroom 12' x 12' ft
Basement Level Laundry 12' x 12' ft
Basement Level Living Room 14' x 14' ft
Basement Level Kitchen 10' x 10' ft
Basement Level Eating Area 6' x 6' ft
Basement Level Bedroom 11' x 11' ft
Basement Level Storage 9'6 x 9'6 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #2
Above Level Yes #4
Above Level No #4
Basement No #3
Basement No #3
Listed by: HQ Commercial

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
Willoughby Elementary School
Average
2.2 km
6.6/10
Middle
Yorkson Creek Middle School
2.1 km
Secondary
R E Mountain Secondary School
1.23 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
3.02 km
6.3/10
Elementary, Secondary
King's School
Above Average
4.28 km
7.3/10

Closest Transit

Bus Stop
Southbound 200 St @ 80 Ave
0.67 km
Skytrain
Skytrain @ Clayton Station ( Under Construction till 2029)
3.41 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
Unlikely
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 $930
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($1,999,000), the estimated monthly payment for this listing is $39,104/month — $38,174 principal & interest, $930 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:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
At an estimated rental income of $22,989/month, this property runs a $16,656/month shortfall after mortgage and carrying costs. Break-even requires approximately 55% 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 $9,995,000
Langley Loading...
Willoughby Heights Loading...
There are currently no active comparable Single Family Residences in Langley to benchmark against. Check back as new listings enter the market.
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

Property FAQs

What are the closest top-rated schools to 8071 197 Street, Langley, BC?
The closest top-rated schools are Willoughby Elementary School and Yorkson Creek Middle School.
Is 8071 197 Street, Langley, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 8071 197 Street, Langley, BC?
With a standard down payment, the estimated monthly mortgage is approximately $59,970.
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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