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Langley Fourplex For Sale

5,040 Sqft - 20188 53 AVENUE, Langley, British Columbia V3A 3V1

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Welcome to 20188 53rd Ave, Langley BC – a fantastic investment opportunity with endless potential for development and growth. This turn-key fourplex sits on a sprawling 9,600sqft lot with multi-storey development and land assembly potential, perfect for investors and developers alike. The property is located in Langley City’s official community plan, zoned for low-rise residential, and has the potential for a multi-storey building between 3-6 storeys and 1.4 – 2.1 FAR (subject to confirmation with the City). The property is currently fully rented, providing a stable and long-term cash flow for any potential buyer. Plus, with just a 2-minute drive (or 13-minute walk) to the proposed future skytrain route, this property is situated in a prime location just moments away from downtown Langley

Property Details
Property Type : Multifamily
Type of Dwelling : Fourplex
Listing Type : For Sale
MLS ID : R2771020
Price : C$2,199,000
Status : Active
Year Built : 1970
Bedrooms : 3
Bathrooms : 2
Square Footage : 5,040 Sqft
Sub-Area : Langley City
City : Langley
Province : British Columbia
Zipcode : V3A 3V1
Parking : 8
Additional Information
Area Invalid : Langley
Title to Land : Freehold NonStrata
Age : 53
Frontage - Feet : 80
For Tax Year : 2022
Gross Taxes : 5695.36
Listing Office : Homelife Benchmark Realty Corp. (Branch)
Source : Fraser Valley Real Estate Board
Virtual Tour URL : https://katronisrealestate.com/mylistings.html/lis
Multifamily For Sale
  • MLS ID : R2771020
  • Bedrooms : 3
  • Bathrooms : 2
  • Square Footage : 5,040 Sqft
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