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ATTENTION INVESTORS/DEVELOPERS - Cap rate of 4.25% - Rarely comes a property that offer BOTH - good development potential & solid rental income. Good tenants in place. 6 ACRE OUT OF ALR | CITY WATER & SEWER with about 286' exposure on Fraser Hwy! 2017 Built 2400 sq/ft shop with 4 bay doors, 600 Amp 3 Phase Power and massive yard with power gates. Shop has office and washroom inside it! This parcel features a nice 3 brdrm, 2 bath home on the main. Bonus 2 independent suites (2 bdrm, 2 bath & 1 bdrm, 1bath) above main house. Long private secluded driveway with separate powergate, with massive private concrete pad. Over 1000 sq/ft of patio/deck space overlooking beautifully landscaped yard, gardens, fruit trees, covered storage and chicken coop. Property has 3 separate electrical services.
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Foyer | 8'5 x 8'5 ft |
| Main Level | Recreation Room | 19'10 x 19'10 ft |
| Main Level | Kitchen | 12'9 x 12'9 ft |
| Main Level | Dining Room | 13'10 x 13'10 ft |
| Main Level | Living Room | 19'8 x 19'8 ft |
| Main Level | Primary Bedroom | 17'6 x 17'6 ft |
| Main Level | Bedroom | 13'4 x 13'4 ft |
| Main Level | Bedroom | 13'4 x 13'4 ft |
| Main Level | Storage | 11'4 x 11'4 ft |
| Main Level | Storage | 6' x 6' ft |
| Main Level | Pantry | 6'9 x 6'9 ft |
| Main Level | Laundry | 6'11 x 6'11 ft |
| Main Level | Walk-In Closet | 8'9 x 8'9 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | Yes | #5 |
| Main Level | No | #3 |
| Above Level | Yes | #3 |
| Above Level | No | #3 |
| Above 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.
Private Schools
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Welcome to the charming community of Langley, British Columbia, where you'll find this stunning property located at 23009 Fraser Highway, MLS® R3081488. As your trusted realtor, I'm excited to share the vibrant details of this area with you.
Let's start with the fantastic education options available in the neighborhood. Just down the road from this beautiful home, you'll find Langley Christian Middle High School, an excellent choice for families. With a rating of 7.4/10, this school is a top pick for parents who value academic excellence. Plus, its convenient location at 0.5 km from the property makes it an ideal choice for families with school-age children.
Now, let's talk about the safety of the area. According to the 2020 crime statistics from Statistics Canada, the neighborhood surrounding 23009 Fraser Highway, Langley, BC has an average crime rate compared to other Canadian cities. With 10,154 reported incidents, you can enjoy peace of mind knowing that the community takes pride in maintaining a safe environment. The overall crime rate near this address is 7,580.38, which is considered average. Moreover, the year-over-year change in the total crime rate is a remarkable -11.06%, showcasing a decrease in reported incidents.
When it comes to property crimes, the neighborhood is above average, with a rating of 4,065.67. However, the year-over-year change in the property misconduct rate is a positive -19.88%, indicating a reduction in reported incidents. Violent lawbreaking disorders are also below average, with a rate of 1,086.96, making this area a desirable choice for families who prioritize safety.
The proximity to public transportation is another significant advantage of living in this community. The closest Bus station, Westbound Fraser Hwy @ 232 St, is just 0.39 km away from this beautiful property, making it easy to commute to work or school.
Now, let's explore the demographics of the area. According to the statistics, 18.3% of the population in this neighborhood, adjacent to 23009 Fraser Highway, has a university certificate or degree, which is average compared to other BC neighborhoods. Interestingly, 16.3% of the population has no certificate or degree, which is below average compared to the average in BC.
In terms of income, the median household income near this dwelling is $70,656, which is average compared to the British Columbia average. The median personal income is $34,867, also average compared to the BC average. However, the percentage of households with a mortgage is 54.5%, which is below average.
The unemployment rate in the area is a significant 3.6%, which is low compared to other province neighborhoods. This is excellent news for those looking for job opportunities or investment potential.
This property is located in the Salmon River area, where the population change between 2011 and 2016 was a remarkable 24.6%, which is high compared to the average growth rate of this region.
The community surrounding 23009 Fraser Highway, Langley, BC has a population density per square kilometer of 208.6, which is below average. The average size of families in this area is 2.9, which is average. However, the percentage of families with children is 50.8%, which is below average.
The average age of the population in this area is 48.6, which is high compared to other BC cities. This makes the community an attractive choice for retirees or those looking for a more mature environment.
The average value of dwellings in this neighborhood is $791,579, which is high compared to other areas in British Columbia. This is excellent news for investors or those looking for a long-term property.
The average owner payments in this area are above average, with owners spending $1,432 on average for their dwelling. Tenants, on the other hand, are paying $1,540, which is also high compared to other cities.
The percentage of renters in this area is 31.5%, which is above average compared to other BC cities and areas. This makes the community an attractive choice for investors or those looking for rental properties.
In terms of language, 4.5% of the population in this area speaks both English and French, which is below average. However, 93.9% of the population speaks only English, which is above average. Additionally, 1.5% of the population speaks neither English nor French, which is above average.
The transportation preferences of the area are diverse, with 4.4% of the population using public transport, which is below average. However, 89.4% of the population uses cars, which is above average. 0.9% of the population uses bicycles, which is average, and 3.8% of the
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