Property Type: Land / LotOwnership: Freehold

23591 FRASER HIGHWAY

Langley, BC V2Z2K6

$3,300,000

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Property Details

Property & Lot

Lot size
10.15 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$9,980.32 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3103575
Listed
March 25, 2026
Time on market
On the market for 159 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Realty Corp. · Data source: CREA DDF.

Description

INVESTORS/DEVELOPERS ALERT!!! Prime investment opportunity! 10.15 Acre Lot on Fraser Highway! Direct highway road frontage! Located within the Township of Langley's Fraser Highway Employment Land Area Plan. Huge potential for future development! Neighboring parcels have already been rezoned for industrial and commercial use. (id:63159)

Location Insights

Weather

Nearest station: Abbotsford

Mainly Clear

16°C

Mainly Clear

Humidity 78%

Wind S 3 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

Not enough data yet

Transit

7

1 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

SchoolTypeDistance
Peterson Road ElementaryElementary711 m
Langley Christian School(Independent)K-121.6 km
D.W. Poppy SecondarySecondary1.7 km
VanguardSecondary1.9 km
James Hill ElementaryElementary2.9 km
North Otter ElementaryElementary3.4 km
Credo Christian Schools(Independent)K-123.8 km
Wix-Brown ElementaryElementary3.9 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

StopTypeDistance
Eastbound Fraser Hwy @ 232 St666 m

School district: Langley (SD35)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($660,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,640,000.00
Periodic payment — Principal & Interest (monthly)$17,032.38
Additional monthly expenses (strata, tax, utilities, etc.)$831.69
Total monthly cost$17,864.08
Interest paid over 5-yr term$756,631.59
Balance at end of term$2,374,688.54

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$660,000
Stress test qualifying rate8.09%
Payment you must qualify for$20,300.68

Cash Needed at Closing

Minimum down payment$660,000
Estimated BC PTT$83,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$744,500

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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