Sold
5
Beds
4
Baths
3645
sqft
2024
built
24318 40 Ave, Langley BC V2Z 2M2 – House for Sale – MLS® R3165706
24318 40 Avenue, Langley, British Columbia V2Z 2M2
47 days on the market
$3,388,000
Est. Mortgage $14,988/mo
Listing updated:
EstateBlock checked:
6
Beds
5
Baths
4381
sqft
773
$
/sqft
0
$
Maint. fee
2021
built
Photos
Property Details for 24318 40 Avenue
Exceptional Dutch-built home in brand-new condition, ideal for multi-generational living. Main floor features a spacious primary suite & open-plan kitchen/great room designed for entertaining. Beautiful 3 bdrm legal suite thoughtfully designed for family. Huge 28x42 insulated & gas-heated shop with plumbing roughed-in, lean-tos on both sides & 1,065 sqft bonus room above with potential for guest space, office or more. EV ready, wired for generator, sprinklers, RV sani-dump, security cameras & built-in speakers. Private South-facing lot on a quiet dead-end street surrounded by newer homes, close to shopping & amenities. An ideal 2 or 3 family property offering quality, privacy & flexibility.
Interior Features
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | Crawl Space |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Interior Features | Vaulted Ceiling(s) |
| Fireplace | 3 |
| Heating Type | Forced Air, Natural Gas |
| # of Kitchens | 2 |
| Flooring | Wall/Wall/Mixed |
| Foundation | Concrete Perimeter |
Exterior Features
| Roof | Asphalt |
|---|---|
| Structures | Residential Detached |
Building Details
| Price | $3,388,000 |
|---|---|
| Total Bedrooms | 6 |
| Total Bathrooms | 5 |
| Full Bathrooms | 4 |
| Half Bathrooms | 1 |
| Floor Area Total (sqft) | 4381 |
| Year Built | 2021 |
| Age Of Building | 5 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Stories | 2 |
| Building Amenities | Other |
| Ownership Type | Freehold Strata |
| Maintenance Fee | 0 |
| Community Features | Shopping Nearby |
| Amenities Nearby | Other |
| 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, Garage Door Opener |
| Total Parking Spaces | 15 |
| Strata Restrictions | No Restrictions |
| Rental Restrictions | 100 |
| Rental Suites | Legal Suite |
| Units In Development | 2 |
Lot & Land
| Lot Size | 19819.8 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 69.88 |
| MLS® # | R3165706 |
| Area | Langley |
| Neighbourhood | Salmon River |
| City | Langley |
| Postal Code | V2Z 2M2 |
| Gross Taxes | $10,850.58 |
| Zoning | RU-1 |
Property Timeline
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Foyer | 10'4 x 10'4 ft |
| Main Level | Living Room | 14'2 x 14'2 ft |
| Main Level | Kitchen | 14'5 x 14'5 ft |
| Main Level | Butlers Pantry | 5'9 x 5'9 ft |
| Main Level | Pantry | 5'7 x 5'7 ft |
| Main Level | Dining Room | 14'5 x 14'5 ft |
| Main Level | Family Room | 20'4 x 20'4 ft |
| Main Level | Primary Bedroom | 16'3 x 16'3 ft |
| Main Level | Walk-In Closet | 11'5 x 11'5 ft |
| Main Level | Laundry | 11'5 x 11'5 ft |
| Above Level | Bedroom | 14'4 x 14'4 ft |
| Above Level | Bedroom | 14'2 x 14'2 ft |
| Above Level | Kitchen | 11'9 x 11'9 ft |
| Above Level | Living Room | 5'9 x 5'9 ft |
| Above Level | Bedroom | 10'2 x 10'2 ft |
| Above Level | Bedroom | 10'7 x 10'7 ft |
| Above Level | Bedroom | 16'2 x 16'2 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #2 |
| Main Level | Yes | #5 |
| Above Level | No | #5 |
| Above Level | No | #4 |
| Above Level | No | #5 |
Listed by: Royal LePage - Wolstencroft
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
- North Otter Elementary School
- Average 3.07 km
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 3.85 km
- Elementary, Secondary
- Fraser Valley Adventist Academy
- Average 3.85 km
Closest Transit
- Bus Stop
- Westbound Fraser Hwy @ 244 St
- 0.28 km
- Skytrain
- Skytrain @ Langley City Centre Station ( Under Construction till 2029)
- 8.70 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
36 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $2,147,992
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 8.70 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
47 DOM
Salmon River avg
—
Langley avg
—
24318 40 Avenue has a sell-speed score of 36/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 36.6% above comparable active properties in Salmon River. 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 could take longer than the area average to sell.
Climate Risk for V2Z 2M2
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V2Z 2M2, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Flood
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Fire
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
Annual avg PM2.5 4.1 µg/m³ — meets WHO 2021 guideline. Nearest station: Langley Central, Langley (~2.7 km). Annual avg AQHI 1.8 — Low Risk.
Heat
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
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
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 @ 240 st · 690 m · Transit
Schools NearBy
4 Schools are within 3km
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Vanguard |
Public |
Grades Served—
|
Catchment Info—
|
Distance377 m
|
|
Peterson Road Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.25 KM
|
|
D W Poppy Secondary School |
Public |
Grades Served8-12
|
Catchment Info—
|
Distance2.70 KM
|
|
Coghlan Fundamental Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.81 KM
|
Walkability & Transit Near 24318 40 Avenue
Car-Dependent
20
Walk Score - Car-Dependent
Almost all errands require a car
Some Transit
36
Transit Score - Some Transit
A few nearby public transportation options
Somewhat
Bikeable 32
Bikeable 32
Bike Score - Somewhat Bikeable
Minimal bike infrastructure
BC Assessment Value — 24318 40 Avenue
2026 assessed value, sourced from City of Langley open data (PID 031-711-201).
$3,000,000
+2.4% YoY
+0.5%/yr over 2 yr
2024
Value Trend
2026
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,348,000 | $1,652,000 | $3,000,000 |
+2.4%
|
| 2025 | $1,342,000 | $1,587,000 | $2,929,000 |
-1.3%
|
| 2024 | $1,321,000 | $1,647,000 | $2,968,000 | — |
Mortgage Calculator for 24318 40 Avenue
/month
Principal & Interest
Property Taxes
$904
Maintenance fee
0
With a 20% down payment, buyers can expect an estimated $13,844/month in total housing costs on this $3,388,000 property — $12,940 mortgage payment, $904 property tax.
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
Based on $8,765/month estimated rent and $13,904/month in total housing costs, this property has a -$5,139/month cashflow. Break-even down payment: approximately 52%.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Estateblock Rent Estimate for 24318 40 Avenue, Langley
Buy Vs Rent Calculator
—
/ month
Principal: —
Interest, tax, insurance, fees: —
Rent vs own
—
Principal paid off by year 5
—
Principal paid off by year 10
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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.
Price vs Neighbourhood Average — Salmon River, Langley
This Home
$3,388,000
Langley
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Salmon River
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Comparable data is unavailable at the neighbourhood level. City-wide in Langley, similar Single Family Residences average $2,479,643 across 3 active listings — this listing is 36.6% 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
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