Home Langley, BC Salmon River 23591 Fraser Highway

23591 Fraser Hwy, Langley BC – Land for Sale – MLS® R3103575

23591 Fraser Highway, Langley, British Columbia V2Z 2K6

212 days on the market

$3,300,000

Est. Mortgage $14,599/mo

Listing updated: Jul 20, 2026 at 07:35pm

EstateBlock checked: Oct 21, 2026 at 10:30am

0 sqft

26.7% price reduction 26.7% cheaper than comps

Photos

Exterior photo of 23591 Fraser Hwy, Langley, BC – MLS® R3103575

Exterior Rear Photo of 23591 Fraser Highway, Langley, BC

Living Room Photo of 23591 Fraser Highway, Langley, BC

Family Room Photo of 23591 Fraser Highway, Langley, BC

Dining Area Photo of 23591 Fraser Highway, Langley, BC

INVESTORS/DEVELOPERS ALERT!!! Prime investment opportunity! 10.15 Acre Lot on Fraser Highway! Direct highway road frontage! Located within the Township of Langley's Fraser Highway Employment Land Area Plan. Huge potential for future development! Neighboring parcels have already been rezoned for industrial and commercial use.

Exterior Features

Structures	Land Only

Building Details

Price	$3,300,000
Property Type	Land
Ownership Type	Freehold NonStrata
Utility Type	Sanitary Sewer Nearby, Storm Sewer Nearby, Electricity Nearby, Natural Gas Nearby, Phone Nearby, Cable Available
Water (WaterSource)	None

Lot & Land

Lot Size	10.15
Lot Size Depth	Metres
Lot Size Frontage	389.4357
MLS^® #	R3103575
Area	Langley
Neighbourhood	Salmon River
City	Langley
Postal Code	V2Z 2K6
Gross Taxes	$9,980.32
Zoning	RU-1

Property Timeline

Status	Date	Price
R3103575 / Active	03-23-2026	$3,300,000
to view full Property History (4 earlier records)

Listed by: Royal Pacific Realty Corp. & Dracco Pacific 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

Private Schools

Elementary
Murrayville Academy: Average 3.48 km 6.4/10
Elementary, Secondary
Credo Christian Schools: Above Average 3.8 km 8.4/10

Closest Transit

Bus Stop
Eastbound Fraser Hwy @ 232 St: 0.66 km
Skytrain
Skytrain @ Langley City Centre Station ( Under Construction till 2029): 7.06 km

Crime Rate

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

Demographics

Post-Secondary Education: Below Average 13.5%
No Certificate/Degree: Above Average 17.1%
Owner Occupied: Below Average 49.2%
Employment Rate: Below Average 52.7%

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

76 / 100

Overall sell-speed score

Likely within 1–3 weeks

A+

Price competition grade

Avg comparable: $4,181,100

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 7.06 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How SALMON RIVER compares

This property

212 DOM

Listed

Salmon River avg

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Langley avg

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23591 Fraser Highway has a sell-speed score of 76/100, placing it in the "Expected to sell within 1–3 weeks" band. The listing is priced 26.7% below comparable active properties in Salmon River, which is a strong competitive signal. 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 likely to attract offers within 1–3 weeks.

Climate Risk for V2Z 2K6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V2Z 2K6, 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 (~1.7 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

Transit (1 nearby)

Bus stop westbound fraser hwy @ 232 st · 833 m · Transit

Schools NearBy

3 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 769 m
D W Poppy Secondary School	Public	Grades Served 8-12	Catchment Info —	5.3 / 10	Distance 1.81 KM
Vanguard	Public	Grades Served —	Catchment Info —	3.4 / 10	Distance 1.93 KM

Walkability & Transit Near 23591 Fraser Highway

Car-Dependent 16

Walk Score - Car-Dependent

Almost all errands require a car

Some Transit 34

Transit Score - Some Transit

A few nearby public transportation options

Somewhat
Bikeable 47

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 23591 Fraser Highway

2026 assessed value, sourced from City of Langley open data (PID 006-713-955).

Total Assessed Value (2026)

$3,062,000

+2.8% YoY

+3.1%/yr over 2 yr

2024 Value Trend 2026

Land

$3,062,000

Buildings

Year Built

N/A

Class

061

Zoning

RU-1

Property Tax

N/A

Year	Land	Improvements	Total Assessed	YOY Change
2026	$3,062,000	$0	$3,062,000	+2.8%
2025	$2,980,000	$0	$2,980,000	+3.4%
2024	$2,882,000	$0	$2,882,000	—

Mortgage Calculator for 23591 Fraser Highway

/month

Principal & Interest

Property Taxes $832

Maintenance fee 0

Based on a 30-year fixed at 4% interest with 20% down ($660,000), the estimated monthly payment for this listing is $13,436/month — $12,604 principal & interest, $832 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

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Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

At an estimated rental income of $7,426/month, this property runs a $6,250/month shortfall after mortgage and carrying costs. Break-even requires approximately 60% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 23591 Fraser Highway, Langley

Buy Vs Rent Calculator

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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.