1496 240 St, Langley BC - Single Family Residence for Sale - MLS# R3166590

20 days on the market
$1,799,900
Est. Mortgage $7,963/mo
Listing updated:
EstateBlock checked:
0 Beds
0 Baths
1352 sqft
1331 $ /sqft
1964 built
20 days on the market
$1,799,900
Est. $7,963/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 1496 240 Street

BUILD YOUR DREAM HOME IN LANGLEY! Rare opportunity to create your vision on 5.45 acres of flat land in the highly desirable Otter District. Located in the ALR and zoned RU-2, offering agricultural and residential possibilities subject to applicable regulations. The property is being cleared, creating an ideal canvas for a custom home, hobby farm or agricultural plans. Enjoy the space and possibilities of acreage living in one of Langley’s sought-after rural communities. Buyer to verify permitted uses, city development and servicing requirements.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Fireplace 0
Heating Type Other
# of Kitchens 1
Flooring Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features No Outdoor Area
Roof Asphalt
Structures Residential Detached

Building Details

Price $1,799,900
Total Bedrooms 0
Total Bathrooms 0
Full Bathrooms 0
Half Bathrooms 0
Floor Area Total (sqft) 1352
Year Built 1964
Age Of Building 62
Building Type Single Family Residence
Property Type Residential
Stories 1
Ownership Type Freehold NonStrata
Utility Type Electricity Connected
Utility Sewer Septic Tank
Water (WaterSource) Well Shallow
Parking Type Open, RV Access/Parking
Total Parking Spaces 0
Rental Suites None

Lot & Land

Lot Size 5.45
Lot Size Depth Feet
Lot Size Frontage 367
MLS® # R3166590
Area Langley
Neighbourhood Otter District
City Langley
Postal Code V2Z 1L1
Gross Taxes $6,549.33
Zoning RU-2

Property Timeline

Status Date Price
R3166590 / Active 09-17-2026 $1,799,900
Rooms
Floor Type Dimensions
Main Level Nook 8'8 x 8'8 ft
Main Level Kitchen 9'9 x 9'9 ft
Main Level Dining Room 9'10 x 9'10 ft
Main Level Living Room 16'0 x 16'0 ft
Main Level Utility 9'9 x 9'9 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #0

Listed by: RE/MAX Elevate Realty

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
Wix-Brown Elementary School
Average 1.88 km 4.4/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary, Secondary
Fraser Valley Adventist Academy
Average 7.85 km 5.7/10
Elementary, Secondary
Fraser Valley Adventist Academy
Average 7.85 km 5.7/10

Closest Transit

Bus Stop
Eastbound Fraser Hwy @ 248 St
4.8 km
Skytrain
Skytrain @ Langley City Centre Station ( Under Construction till 2029)
11.28 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Below Average 10.5%
No Certificate/Degree
Above Average 20%
Owner Occupied
Below Average 55.3%
Employment Rate
Below Average 49.2%

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

Sell Speed & Competition

51 / 100
Overall sell-speed score
Moderate pace expected
C
Price competition grade
Avg comparable: $1,717,105
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 11.28 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How OTTER DISTRICT compares
This property
20 DOM
Listed
Otter District avg
—
—
Langley avg
—
—

1496 240 Street has a sell-speed score of 51/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 4.6% above comparable active properties in Otter District. The local market is currently a Balanced Market with a sales-to-active ratio of 16.2% — conditions are balanced. With only 425 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V2Z 1L1

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V2Z 1L1, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.1 µg/m³ — meets WHO 2021 guideline. Nearest station: Langley Central, Langley (~7.4 km). Annual avg AQHI 1.8 — Low Risk.

Heat Moderate

Langley - District currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~9 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30.1 °C baseline, ~32.7 °C projected. Tropical nights (>18 °C): ~0 baseline, ~1 projected.

Precipitation Increasing

Annual precipitation ~1517 mm (1981–2010 baseline), projected ~1577 mm by the 2050s. Extreme 1-day rainfall: ~52.1 mm baseline, ~57.8 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

1 School is within 3km

School Type Grades Served Catchment Info Rating Distance

Wix-Brown Elementary School

Public

Grades Served

K-7

Catchment Info

In Catchment
4.4 / 10

Distance

1.88 KM

Walkability & Transit Near 1496 240 Street

Walk Score Badge
Car-Dependent 2

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
25

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 1496 240 Street

2026 assessed value, sourced from City of Langley open data (PID 008-835-641).
Total Assessed Value (2026)
$2,312,900
-3.7% YoY
-0.4%/yr over 2 yr
2024 Value Trend 2026
Land
$2,254,000
Buildings
$58,900
Year Built
N/A
Class
060
Zoning
RU-2
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $2,254,000 $58,900 $2,312,900
-3.7%
2025 $2,332,000 $70,900 $2,402,900
+3.0%
2024 $2,264,000 $69,500 $2,333,500 —

Mortgage Calculator for 1496 240 Street

/month
Principal & Interest
Property Taxes $546
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($359,980), the estimated monthly payment for this listing is $7,420/month — $6,874 principal & interest, $546 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.

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
At an estimated rental income of $4,579/month, this property runs a $3,028/month shortfall after mortgage and carrying costs. Break-even requires approximately 56% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 1496 240 Street, Langley

Buy Vs Rent Calculator

— / month
Rent —
Own —
Principal: — Interest, tax, insurance, fees: —

Rent vs own

—

Principal paid off by year 5 —
Principal paid off by year 10 —

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Price vs Neighbourhood Average — Otter District, Langley

Beds Home Types Square Feet Lot Size Year Built
This Home $1,799,900
Langley Loading...
Otter District Loading...

Comparable data is unavailable at the neighbourhood level. City-wide in Langley, similar Single Family Residences average $1,720,000 across 2 active listings — this listing is 4.6% above the Langley average.

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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

$0
out of $11,374
0 of 21 missions

Sign up on Estateblock.com

$569 / 5.00%

Buy with us & save on this property

Walkability & Transit Near 1496 240 Street

Walk Score Badge
Car-Dependent 2

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
25

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Similar Single Family Residences for Sale in Otter District