8071 197 St, Langley BC - Single Family Residence for Sale - MLS# R2898008

$9,995,000
Est. Mortgage $44,218/mo
6 Beds
5 Baths
5012 sqft
1994 $ /sqft
1988 built
$9,995,000
Est. $44,218/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 8071 197 Street

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.

Interior Features

Basement Finished Area (sqft) 0
Basement Features Full
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Fireplace 2
Heating Type Electric, Heat Pump
# of Kitchens 3
Flooring Wall/Wall/Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features No Outdoor Area
Roof Asphalt
Structures Residential Detached

Building Details

Price $9,995,000
Total Bedrooms 6
Total Bathrooms 5
Full Bathrooms 4
Half Bathrooms 1
Floor Area Total (sqft) 5012
Year Built 1988
Age Of Building 37
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Utility Type Electricity Connected
Utility Sewer Septic Tank
Water (WaterSource) Well Drilled
Parking Type Additional Parking, Detached
Total Parking Spaces 10
Rental Suites Unauthorized Suite

Lot & Land

Lot Size 2
Lot Size Depth Feet
MLS® # R2898008
Area Langley
Neighbourhood Willoughby Heights
City Langley
Postal Code V2Y 1Y4
Gross Taxes $11,163.67
Zoning RS-2

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.

Map & Neighbourhood

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

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 8071 197 Street

BC Assessment Value — 8071 197 Street

2026 assessed value, sourced from City of Langley open data (PID 002-554-950).
Total Assessed Value (2026)
$3,480,000
+5.0% YoY
+0.9%/yr over 2 yr
2024 Value Trend 2026
Land
$2,910,000
Buildings
$570,000
Year Built
N/A
Class
060
Zoning
SR-2
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $2,910,000 $570,000 $3,480,000
+5.0%
2025 $2,710,000 $605,000 $3,315,000
-3.0%
2024 $2,768,000 $649,000 $3,417,000

Mortgage Calculator for 8071 197 Street

/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:

Investment 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.

Price vs Neighbourhood Average — Willoughby Heights, Langley

Beds Home Types Square Feet Lot Size Year Built
This Home $9,995,000
Langley Loading...
Willoughby Heights Loading...

No active comparable properties are currently available for this property type in Langley. The price evaluation chart will update as similar 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 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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