2400 ECHO VALLEY DR, No City Value BC V9B 0A1, No City Value, BC

$7,990,000
Est. Mortgage /mo

MLS® R3017249

$7,990,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
0 Stories
lot 795405 sqft
0 sqft
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Property details

Claire Group & Cushman & Wakefield are excited to present investors with a remarkable opportunity to purchase this expansive 18+ acre land parcel situated on Bear Mountain in Langford, BC. This property holds significant potential for redevelopment into a distinctive neighborhood featuring a mix of apartment buildings, townhouses, and detached homes. There is potential for up to 500 units as per the past DP. Prospective buyers are encouraged to engage with the City of Langford to verify and discuss their redevelopment intentions.

General Info

Price $7,990,000
Total Bedrooms -
Total Bathrooms -
Half Bathrooms -
Floor Area Total (sqft) -
Lot Size 18.26
Lot Size Depth Feet
Lot Size Frontage -
Basement Features BasementFeatures

Property Metrics

Year Built -
Age Of Building -
Building Type -
Property Type Land
Stories -
Building Features BuildingFeatures
Structures Land Only

Additional Details

MLS # R3017249
Area Out of Town
Neighbourhood Out of Town
City No City Value
Gross Taxes $37,754
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -

Utilities

Utility Type Sanitary Sewer Nearby, Storm Sewer Nearby, Electricity Nearby, Natural Gas Nearby, Phone Nearby, Cable Available
Water (WaterSource) Public

Parking

Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning RCBM2
Rental Suites -
# of Kitchens -
Locker -
View 1
View Description View
Units In Development -

Property History

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Status Date Price
Active - $7,990,000
Active - $8,500,000

Listed by: RE/MAX Real Estate Services

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

Private Schools

Elementary, Secondary
Lighthouse Christian Academy
3.35 km
No Rating
Elementary, Secondary
Lighthouse Christian Academy
3.35 km
No Rating

Closest Transit

Langford
Bear Mountain at Echo Valley (EB)
0.4 km

The closest Elementary independent school to this home for sale located at 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1 is Lighthouse Christian Academy with School's rating No Rating, located 3.35 km from this home.

The closest to this address 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1 Secondary independent school is Lighthouse Christian Academy with School's rating No Rating, located 3.35 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 2,577 volation disturbances in this neighbourhood. The overall crime rate near the address - 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1, No City Value, BC is 5,847.65. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Below Average rate in 2020. Year by year change in the total crime rate is -16.92%

Drug crime rate next to the listing MLS® R3017249 is Average comparing to other neighbourhoods. The illegal substances offences rating is 224.65. There were 99 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is -11.77%

Property crimes in the neighbourhood close to real estate listing for sale 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1 are Average. Property misconduct rating adjacent to MLS® R3017249 is 2,999.84. There were 1,322 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -23.27%

There were 578 violent lawbreaking disorders in 2020. 1,311.58 and it is Below Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is -10.96%

The closest Bus station is Bear Mountain at Echo Valley (EB) in 0.4 km away from this listing with - MLS® R3017249.

22.5% of people with university certificate/degree live in this neighbourhood adjacent to the 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1 which is Above Average in comparison with other BC neighbourhoods. 12.4% of population in this neighbourhood that is near the Listing MLS® R3017249 have no certificate or degree. This number is Below Average compared to the average in BC.

Median Household Income near this dwelling with the address 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1, No City Value, BC is $89011 which is Above Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R3017249 is $41879 which is Above Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 71.7% which is High.

Unemployment rate in the area around Real Estate Listing # R3017249 is 4.6 which is Low in comparison to the other province neighbourhoods.

This real estate is located in 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1 where population change between 2011 and 2016 was 14.1%. This is High in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1, No City Value, BC is 600.1 which is Average people per sq.km.

Average size of families in the area adjacent to home for sale 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1 is 2.9. This is Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R3017249 is 58.6% and it is Average. % of Married or living common law is around 62.8% and it is Above Average.

Average age of the population close to the 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1 is 38.8 . This percentage is Below Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1, No City Value, BC is $539665 and this is Above Average comparing to other areas in British Columbia

Average Owner payments are High in the area adjacent to 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1. $1695 owners spent in average for the dwelling. Tenants are paying $1283 in this district close to MLS® R3017249 and it is Above Average comparing to other cities.

27.6% of Population in this district near the 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1 are Renters and it is Above Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1, No City Value, BC is 7.5%, it is Average, % of English speakers only is 91.8% and Average. % of French speakers adjacent to 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1 only is 0% and it is Low. % of Neither English nor French speakers close to home for sale 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1, No City Value, BC is 0.6% and it is Below Average comparing to other BC cities.

3.7% of all population in the area around this property with the address 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1, No City Value, BC using Public Transport which is Below Average, 87.6% of using population are using Cars around MLS® R3017249, which is Average. 2.3% of people using Bicycles around the 2400 ECHO VALLEY DRIVE, No City Value BC V9B 0A1 and it is Above Average. 4.2% of population are walking which is Average

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $7,990,000
No City Value $2,338,861
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
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