Property Type: Detached HouseOwnership: Freehold

23523 47 AVENUE

Langley, BC V2Z2S3

$2,690,000

5 bed3 bath10 parking3,148 sqftBuilt 1940
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Amenities

Also listed: Storage - Locker, Racquet Courts

Property Details

Property & Lot

Sub-type
House
Lot size
96,267.6 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,540.44 (2025)

Interior

Basement
Finished, Full
Heating
Forced air, Electric, Natural gas
Fireplace
Yes (1)

Parking

Total spaces
10 — covered indicated
Features
Garage, RV

Listing Information

MLS®
R3141313
Listed
June 30, 2026
Time on market
On the market for 62 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Team 3000 Realty Ltd. · Data source: CREA DDF.

Description

Welcome to this exceptional 2.21-acre flat property in the highly desirable Salmon River community of Langley. Nestled in one of Langley's most peaceful and sought-after neighborhoods, this rare offering combines the tranquility of country living with the convenience of nearby city amenities. The beautifully level lot provides endless possibilities for your dream home, hobby farm, gardening, outdoor recreation, or future vision. Surrounded by mature trees and quality estate properties, the setting offers outstanding privacy, space, and a true rural lifestyle. Ideally located just moments from Peterson Road Elementary, this property is perfect for families seeking an exceptional place to call home. (id:63159)

Values & Trends

This listing

$855/sqft

Building average

No other active listings in this building

Langley average

$851/sqft

553 active listing(s)

Parking: 10 stall(s) includedStorage locker: Included

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
Peterson Road ElementaryElementary277 m
D.W. Poppy SecondarySecondary939 m
Langley Christian School(Independent)K-121.3 km
VanguardSecondary2.5 km
James Hill ElementaryElementary2.8 km
North Otter ElementaryElementary3.0 km
Credo Christian Schools(Independent)K-123.5 km
Langley Fundamental ElementaryElementary3.6 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% ($538,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,152,000.00
Periodic payment — Principal & Interest (monthly)$13,883.97
Additional monthly expenses (strata, tax, utilities, etc.)$702.04
Total monthly cost$14,586.01
Interest paid over 5-yr term$616,769.39
Balance at end of term$1,935,730.96

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$538,000
Stress test qualifying rate8.09%
Payment you must qualify for$16,548.13

Cash Needed at Closing

Minimum down payment$538,000
Estimated BC PTT$58,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$598,200

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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