5981 248 St, Langley BC - Land for Sale - MLS# R3145852

58 days on the market
$2,199,000
Est. Mortgage $9,728/mo
Listing updated:
EstateBlock checked:
0 sqft
24.6% cheaper than comps
58 days on the market
$2,199,000
Est. $9,728/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 5981 248 Street

24.6% cheaper than comps

IDEAL 2.99 ACRE ESTATE LOT WITH CITY WATER. A rare opportunity to secure a premium square, fully cleared and usable building lot in of Langley's most desirable locations - just 5 minutes from Highway 1. No creeks, easements, or rights of way. This property offers outstanding flexibility for a luxury farmhouse estate with coach house. Located next to Krause Berry Farms & Estate Winery and Otter Trail Winery, the setting delivers a true winery-adjacent lifestyle while remaining minutes to shopping, schools and recreation. Situated on a highly sought-after location and offered for the first time in over 30 years, this is rare chance to build your legacy estate in the Salmon River area of Langley.

Exterior Features

View Description MOUNTAINS, FARMS
Structures Land Only

Building Details

Price $2,199,000
Property Type Land
Ownership Type Freehold NonStrata
Utility Type Sanitary Sewer Not Available, Storm Sewer Not Available, Electricity Available, Natural Gas Available, Phone Nearby, Cable Available
Water (WaterSource) Public

Lot & Land

Lot Size 2.99
Lot Size Depth Feet
Lot Size Frontage 331.03
MLS® # R3145852
Area Langley
Neighbourhood Salmon River
City Langley
Postal Code V4W 1C3
Gross Taxes $6,418.8
Zoning SR-3

Property Timeline

Status Date Price
R3145852 / Active 07-10-2026 $2,199,000
to view full Property History (1 earlier record)

Listed by: eXp Realty of Canada, Inc. & eXp Realty of Canada, Inc.

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 1.21 km 5.5/10

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 3.56 km 5.7/10
Elementary, Secondary
Fraser Valley Adventist Academy
Average 3.56 km 5.7/10

Closest Transit

Bus Stop
Westbound Fraser Hwy @ 240 St
4.34 km
Skytrain
Skytrain @ Langley City Centre Station ( Under Construction till 2029)
8.85 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

75 / 100
Overall sell-speed score
Likely within 1–3 weeks
A+
Price competition grade
Avg comparable: $2,739,954
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 8.85 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
58 DOM
Listed
Salmon River avg
Langley avg

5981 248 Street has a sell-speed score of 75/100, placing it in the "Expected to sell within 1–3 weeks" band. The listing is priced 24.6% 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 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 likely to attract offers within 1–3 weeks.

Climate Risk for V4W 1C3

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V4W 1C3, 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 (~2.7 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

Groceries (1 nearby)

  • Krause berry farms market & bakery · 270 m · Bakery

Cafes (1 nearby)

  • Waffle bar · 264 m · Cafe

Schools NearBy

2 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

North Otter Elementary School

Public

Grades Served

K-7

Catchment Info

In Catchment
5.5 / 10

Distance

1.21 KM

D W Poppy Secondary School

Public

Grades Served

8-12

Catchment Info

5.3 / 10

Distance

2.61 KM

Walkability & Transit Near 5981 248 Street

Walk Score Badge
Car-Dependent 12

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
36

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 5981 248 Street

2026 assessed value, sourced from City of Langley open data (PID 007-265-727).
Total Assessed Value (2026)
$2,540,000
+3.4% YoY
-1.5%/yr over 2 yr
2024 Value Trend 2026
Land
$2,540,000
Buildings
$0
Year Built
N/A
Class
061
Zoning
SR-3
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $2,540,000 $0 $2,540,000
+3.4%
2025 $2,457,000 $0 $2,457,000
-6.1%
2024 $2,618,000 $0 $2,618,000

Mortgage Calculator for 5981 248 Street

/month
Principal & Interest
Property Taxes $535
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($439,800), the estimated monthly payment for this listing is $8,934/month — $8,399 principal & interest, $535 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 $5,379/month, this property runs a $3,752/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 5981 248 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 — Salmon River, Langley

Beds Home Types Square Feet Lot Size Year Built
This Home $2,199,000
Langley Loading...
Salmon River Loading...

Based on 4 comparable active properties in Salmon River, the average asking price is $2,916,667. This listing is priced 24.6% below the neighbourhood average. This property is flagged as a Hot Deal (24.6% cheaper than comparables) based on its competitive pricing and market demand.

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 5981 248 Street

Walk Score Badge
Car-Dependent 12

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
36

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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