21113 16 AVENUE
Langley, BC V2Z1K3
$7,888,800
Amenities
Also listed: Storage - Locker, Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 207,781 square feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $1,746.31 (2025)
Interior
- Basement
- Finished, Full
- Heating
- Natural gas
- Fireplace
- Yes (1)
Parking
- Total spaces
- 15 — covered indicated
- Features
- Garage, RV, Visitor Parking
Listing Information
- MLS®
- R3085241
- Listed
- February 2, 2026
- Time on market
- On the market for 210 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty of Canada Inc. · Data source: CREA DDF.
Description
Festina Lente Winery is a PROFITABLE, TURNKEY MEAD WINERY & EVENTS BUSINESS located in highly sought-after CAMPBELL VALLEY agri-tourism corridor. Est. in 2016, this specialty honey-wine producer operates in a resilient niche w/ ~84% GROSS MARGINS ON WINE & reduced exposure to grape shortages, climate volatility & traditional market saturation. Revenue diversified across HIGH-MARGIN WINE SALES, weddings, private & corporate events, tastings & ancillary income - creating a stable risk-mitigated cash flow profile. Operation is fully staffed w/ proven systems, disciplined growth & strong brand recognition. Situated on RECTANGULAR~5 ACRES w/ZONING FLEXIBILITY, parking & NOT IN A FLOOD PLAIN. NO EASEMENT or RIGHT OF WAYS. Property includes 4 BED/4 BATH ~4,500 SQ FT home with large living spaces, master w/ensuite & attached tasting room/reception desk. This offering presents a rare LIVE-IN BUSINESS OPPORTUNITY with significant scalability & low capital intensity. Detailed financials available upon NDA. (id:63159)
Values & Trends
This listing
$1,744/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
12°C
Partly Cloudy
Humidity 95%
Wind N 3 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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Glenwood Elementary | Elementary | 1.7 km |
| St Catherines School(Independent) | Elementary | 3.5 km |
| Noel Booth Elementary | Elementary | 4.0 km |
| Brookswood Secondary | Secondary | 4.3 km |
| Belmont Elementary | Elementary | 4.9 km |
| Langley Fundamental Middle/Secondary Sch | K-12 | 5.0 km |
| Wix-Brown Elementary | Elementary | 5.6 km |
| Uplands Elementary | Elementary | 5.8 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
No TransLink stops within an ~10-minute walk.
School district: Langley (SD35)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,577,760) — 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.