20308 27 AVENUE
Langley, BC V2Z1X3
$4,980,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 93,654 square feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $19,889.95 (2023)
Interior
- Basement
- Finished, Full
- Heating
- Radiant heat
- Fireplace
- None
Parking
- Total spaces
- 10 — uncovered indicated
- Features
- Open
Listing Information
- MLS®
- R2919165
- Listed
- August 29, 2024
- Time on market
- On the market for 732 days
- Tax assessment year
- 2023
- Data last synced
- August 28, 2026
Listing provided by: Westmont Realty Inc. · Data source: CREA DDF.
Description
MAJOR DEVELOPMENT POTENTIAL. Unlock the potential of this exceptional FLAT 2.15-acre property in Brookswood's New Fernridge NCP. Positioned for significance growth under the BC Government's new SSMUH regulations, this parcel may allow for up to 4 units per 5000 sq ft lot, offering substantial development potential. New SSMUH regulations may enable higher-density development; buyer should confirm details. Services are already in place at the property's front, and a detention pond is established- a valuable feature that simplifies the development process. Additional Features: Includes a beautiful 3500 sq ft house, with no creeks or right-of-ways and minimal tree cover. Act fast and capitalize on this growth opportunity! The area is undergoing significant development at your doorstep. Photos contain footage showcasing the property's potential and does not reflect its current condition. Buyers are encouraged to verify the current condition of the property and its features through own inspection. (id:63159)
Values & Trends
This listing
$1,423/sqft
Building average
—
No other active listings in this building
Langley average
$850/sqft
553 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Detached (House) Market Stats — Langley
Monthly figures from the Fraser Valley Real Estate Board for Langley detached (house)listings — not specific to this property.
MLS® HPI Benchmark Price
$1,500,900
Jul 2026
Average Sale Price
$1,404,904
Jul 2026
Monthly Sales
79
Jul 2026
Active Listings
439
Jul 2026
Sales-to-Active Ratio
18.0%
Jul 2026
Median Days to Contract
22 days
Jul 2026
MLS® HPI Benchmark Price
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
Nearest station: Abbotsford
13°C
Clear
Humidity 92%
Wind NW 4 km/h
Today
21°
Tonight
13°
Wednesday
20°
Wednesday night
11°
Thursday
18°
Thursday night
9°
Source: Environment and Climate Change Canada.
Population
161,566
(2021 Census)
+12.8% since 2016
Density: 509/km²
Dwellings: 62,282
Median household income: $102,443
After-tax: $89,518
Immigrant population: 22.9%
Top countries of origin (% of total population)
- Korea, South2.7% · 4,325
- India2.6% · 4,225
- United Kingdom2.3% · 3,755
- China1.9% · 3,090
- Philippines1.7% · 2,755
- United States of America1% · 1,550
- Viet Nam0.7% · 1,065
- Germany0.6% · 965
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
4
1/9 categories nearby
Transit
20
3 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| St Catherines School(Independent) | Elementary | 1.0 km |
| Glenwood Elementary | Elementary | 1.0 km |
| Noel Booth Elementary | Elementary | 1.6 km |
| Brookswood Secondary | Secondary | 2.5 km |
| Belmont Elementary | Elementary | 2.6 km |
| Langley Fundamental Middle/Secondary Sch | K-12 | 3.5 km |
| Alice Brown Elementary | Elementary | 3.7 km |
| Uplands Elementary | Elementary | 3.7 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Northbound 200 St @ 28 Ave | — | 708 m |
| Westbound 28 Ave @ 200 St | — | 744 m |
| Northbound 200 St @ 24 Ave | — | 776 m |
Nearby Places
Grocery (1)
- IGA · 2410 200 Street776 m
Nearby places data: © OpenStreetMap contributors.
School district: Langley (SD35)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($996,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.