20745 68TH AVENUE
Langley, BC V2Y1R1
$7,250,000
Property Details
Property & Lot
- Lot size
- 49,222.8 square feet
Ownership & Fees
- Property type
- Land / Lot
- Annual property tax
- $25,294.92 (2024)
Interior
- Fireplace
- None
Listing Information
- MLS®
- C8070908
- Listed
- July 21, 2025
- Time on market
- On the market for 406 days
- Tax assessment year
- 2024
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
1.13 acres with a 1.9 FSR and 40-80 UPA. A prime development opportunity in the heart of Willoughby. Zoned SR-2, this property allows for small-scale multi-unit, medium density housing and fits within Langley's long-term growth strategy. The area is rapidly transforming with new residential developments, schools, parks, and commercial hubs on the way. Major road upgrades, including 208 St and a planned east-west connector, will improve traffic flow and access. Plus, the future Surrey-Langley SkyTrain extension is just minutes away and will bring even more connectivity. Don't miss out on a strategic investment in a high-demand, fast-growing neighbourhood. (id:63159)
Location Insights
Weather
Nearest station: Abbotsford
14°C
Clear
Humidity 87%
Wind S calm km/h
Tonight
13°
Tuesday
21°
Tuesday night
13°
Wednesday
20°
Wednesday night
11°
Thursday
19°
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
11
2/9 categories nearby
Transit
33
5 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 |
|---|---|---|
| R C Garnett Demonstration Elementary | Elementary | 1.3 km |
| Langley Meadows Elementary | Elementary | 1.9 km |
| Richard Bulpitt Elementary | Elementary | 2.0 km |
| R E Mountain Secondary | Secondary | 2.0 km |
| Donna Gabriel Robins Elementary | Elementary | 2.1 km |
| Peter Ewart Middle School | Middle | 2.3 km |
| Willoughby Elementary | Elementary | 2.3 km |
| Whytecliff Agile Learning Centre-Langley(Independent) | Elementary | 2.3 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 208 St @ 68 Ave | — | 136 m |
| Southbound Willowbrook Connector @ 68 Ave | — | 154 m |
| Southbound 206 St @ 68 Ave | — | 312 m |
| Southbound 208 St @ 70 Ave | — | 318 m |
| Westbound 68 Ave @ 206 St | — | 349 m |
Nearby Places
Cafes (1)
- Lieto Cafe · 20826 72 Avenue743 m
Parks (3)
- Unnamed423 m
- Unnamed714 m
- James Anderson Park789 m
Nearby places data: © OpenStreetMap contributors.
School district: Langley (SD35)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,450,000) — 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.