23038 Fraser Hwy, Langley BC - Single Family Residence for Sale - MLS# R3157485

4 days on the market
$2,799,900
Est. Mortgage $12,387/mo
Listing updated:
EstateBlock checked:
3 Beds
2 Baths
2732 sqft
1025 $ /sqft
1946 built
NEW
4 days on the market
$2,799,900
Est. $12,387/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 23038 Fraser Highway

Prime 1.17-acre RU-1 zoned property along high-visibility Fraser Hwy, outside the ALR and connected to city sewer. A rare, versatile opportunity with potential for daycare, nursery, veterinary clinic and other permitted uses. Improvements include a 52’x40’ insulated workshop with 70-amp service and two 14’ overhead doors, plus a 30’x23’ workshop with bathroom. Surrounded by residential, commercial and light industrial properties, offering excellent exposure and long-term potential. The charming main residence adds flexibility for office use, staff accommodation or rental income. An exceptional investment opportunity in a strategic location!

Interior Features

Basement Finished Area (sqft) 1142
Basement Features Finished
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features Storage
Fireplace 0
Heating Type Forced Air, Hot Water, Natural Gas
Laundry In Unit
# of Kitchens 1
Flooring Wall/Wall/Mixed
Foundation Block

Exterior Features

Exterior Features Garden, Private Yard
Roof Asphalt
Structures Residential Detached

Building Details

Price $2,799,900
Total Bedrooms 3
Total Bathrooms 2
Full Bathrooms 1
Half Bathrooms 1
Floor Area Total (sqft) 2732
Year Built 1946
Age Of Building 80
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Community Features Shopping Nearby
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Septic Tank
Water (WaterSource) Well Drilled
Parking Type Detached, Garage Double, RV Access/Parking, Front Access, Asphalt, Gravel, Garage Door Opener
Total Parking Spaces 8
Rental Suites Unauthorized Suite

Lot & Land

Lot Size 1.1644
Lot Size Depth Feet
Lot Size Frontage 97.48
MLS® # R3157485
Area Langley
Neighbourhood Campbell Valley
City Langley
Postal Code V2Z 2V1
Gross Taxes $7,919.61
Zoning RU-1

Property Timeline

Status Date Price
R3157485 / Active 08-24-2026 $2,799,900
to view full Property History (2 earlier records)
Rooms
Floor Type Dimensions
Main Level Foyer 7'6 x 7'6 ft
Main Level Dining Room 10' x 10' ft
Main Level Kitchen 12'6 x 12'6 ft
Main Level Family Room 27'6 x 27'6 ft
Main Level Living Room 15' x 15' ft
Main Level Primary Bedroom 16'4 x 16'4 ft
Main Level Bedroom 11' x 11' ft
Above Level Bedroom 26'6 x 26'6 ft
Above Level Den 7' x 7' ft
Basement Level Storage 25' x 25' ft
Basement Level Storage 13' x 13' ft
Bathrooms
Floor Ensuite Pieces
Main Level No #2
Main Level No #4

Listed by: Stonehaus Realty Corp.

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

Private Schools

Elementary
Murrayville Academy
Average 2.34 km 6.4/10
Elementary, Secondary
Credo Christian Schools
Above Average 2.68 km 8.4/10

Closest Transit

Bus Stop
Westbound Fraser Hwy @ 232 St
0.31 km
Skytrain
Skytrain @ Langley City Centre Station ( Under Construction till 2029)
5.93 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
Possible
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

54 / 100
Overall sell-speed score
Moderate pace expected
Price competition grade
No comparable data
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 5.93 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How CAMPBELL VALLEY compares
This property
4 DOM
Listed
Campbell Valley avg
Langley avg

23038 Fraser Highway has a sell-speed score of 54/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. The local market is currently a Balanced Market with a sales-to-active ratio of 17.7% — conditions are balanced. With only 486 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 2V1

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V2Z 2V1, 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 (BC ENV 2024). Nearest station: Langley Central, Langley (~1.9 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

Groceries (1 nearby)

  • Ralph's farm market · 794 m · Supermarket

Transit (1 nearby)

  • Bus stop eastbound fraser hwy @ 232 st · 482 m · Transit

Schools NearBy

5 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Peterson Road Elementary School

Public

Grades Served

K-7

Catchment Info

6.6 / 10

Distance

884 m

D W Poppy Secondary School

Public

Grades Served

8-12

Catchment Info

5.3 / 10

Distance

2.03 KM

Murrayville Academy

Independent

Grades Served

Catchment Info

6.4 / 10

Distance

2.34 KM

Credo Christian Schools

Independent

Grades Served

K-12

Catchment Info

7.8 / 10

Distance

2.68 KM

Langley Fundamental Elementary School

Public

Grades Served

K-5

Catchment Info

7.0 / 10

Distance

2.71 KM

Walkability & Transit Near 23038 Fraser Highway

Walk Score Badge
Car-Dependent 28

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 36

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
34

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 23038 Fraser Highway

2026 assessed value, sourced from City of Langley open data (PID 000-505-862).
Total Assessed Value (2026)
$1,992,000
+2.4% YoY
+2.4%/yr over 2 yr
2024 Value Trend 2026
Land
$1,793,000
Buildings
$199,000
Year Built
N/A
Class
000
Zoning
RU-1
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $1,793,000 $199,000 $1,992,000
+2.4%
2025 $1,746,000 $199,000 $1,945,000
+2.4%
2024 $1,688,000 $212,000 $1,900,000

Mortgage Calculator for 23038 Fraser Highway

/month
Principal & Interest
Property Taxes $660
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($559,980), the estimated monthly payment for this listing is $11,354/month — $10,694 principal & interest, $660 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%
Cap Rate
Cash on Cash
At an estimated rental income of $6,575/month, this property runs a $5,012/month shortfall after mortgage and carrying costs. Break-even requires approximately 58% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 23038 Fraser Highway, 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 — Campbell Valley, Langley

Beds Home Types Square Feet Lot Size Year Built
This Home $2,799,900
Langley Loading...
Campbell Valley 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

Call or Text Now!

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

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Walkability & Transit Near 23038 Fraser Highway

Walk Score Badge
Car-Dependent 28

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 36

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
34

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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