Property Type: Detached HouseOwnership: Freehold

22998 74 AVENUE

Langley, BC V2Y2S2

$3,699,000

8 bed7 bath8 parking7,301 sqftBuilt 2017
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Property Details

Property & Lot

Sub-type
House
Lot size
40,166.4 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$16,063.04 (2026)

Interior

Basement
None, Unknown
Heating
Radiant heat
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Parking

Total spaces
8 — covered indicated
Features
Garage, Open

Listing Information

MLS®
R3154474
Listed
August 10, 2026
Time on market
On the market for 21 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Experience luxury living on a private, carefully maintained 1-acre estate backing onto private creek. Designed for seamless indoor-outdoor living, the spectacular backyard offers multiple sitting areas, lush gardens, sprawling concrete patio w/ gas hookups & serene creek access. Meticulously designed & built in 2017, this grand air-conditioned home features main-floor guest suite w. ensuite, office, chef's kitchen plus wok kitchen opening directly to the patio. Upstairs offers three luxurious primary suites, each with its own ensuite & balcony, plus 2 additional bedrooms & exceptional theatre room w/ wet bar. B/I generator.Includes a tenanted 1-bed legal suite, detached storage garage & oversized triple garage. This is a must see, a breathtaking home in an extremely convenient location (id:63159)

Values & Trends

This listing

$507/sqft

Building average

No other active listings in this building

Langley average

$852/sqft

553 active listing(s)

Parking: 8 stall(s) includedStorage locker: Not indicated

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

$1,875,100
$1,450,700
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Abbotsford

Clear

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.

Nearby Schools

SchoolTypeDistance
The King's School(Independent)K-122.4 km
Fort Langley ElementaryElementary3.0 km
Langley Fine Arts SchoolK-123.5 km
des VoyageursElementary3.8 km
Richard Bulpitt ElementaryElementary4.1 km
Lynn Fripps ElementaryElementary4.2 km
Alex Hope ElementaryElementary4.2 km
Topham ElementaryElementary4.5 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)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($739,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,959,200.00
Periodic payment — Principal & Interest (monthly)$19,091.75
Additional monthly expenses (strata, tax, utilities, etc.)$1,703.59
Total monthly cost$20,795.34
Interest paid over 5-yr term$848,115.23
Balance at end of term$2,661,809.97

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$739,800
Stress test qualifying rate8.09%
Payment you must qualify for$22,755.21

Cash Needed at Closing

Minimum down payment$739,800
Estimated BC PTT$102,950
Legal / closing costs (typical estimate)$1,500
Total cash needed$844,250

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.

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