Property Type: Detached HouseOwnership: Freehold

24299 55 AVENUE

Langley, BC V2Z2N5

$1,425,000

4 bed2 bath1 parking2,000 sqftBuilt 1973
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Property Details

Property & Lot

Sub-type
House
Lot size
42,688.8 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,518.6 (2026)

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Fireplace
Yes (2)

Parking

Total spaces
1 — covered indicated
Features
Garage, Open

Listing Information

MLS®
R3150357
Listed
July 28, 2026
Time on market
On the market for 34 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Royal LePage - Wolstencroft · Data source: CREA DDF.

Description

SALMON RIVER OPPORTUNITY!! Welcome to this well-maintained 4-bed, 2-bath home offering approximately 2,000 sq. ft. of comfortable living space on a private 1-acre lot. Tucked away on a quiet cul-de-sac, this property provides the perfect blend of privacy and convenience. The functional layout features two kitchens, one fully reno'd with stainless appliances and gas stove making it ideal for extended family or potential suite options (buyer to verify). Spacious living areas and large wrap around deck are perfect for entertaining, while the expansive property provides endless possibilities for gardening, recreation, or future ideas. Enjoy the peace and tranquility of country-style living with ample outdoor space, all while being conveniently located near local amenities. A rare opportunity to own a private acreage in a desirable location! (id:63159)

Values & Trends

This listing

$713/sqft

Building average

No other active listings in this building

Langley average

$852/sqft

553 active listing(s)

Parking: 1 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

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.

Nearby Schools

SchoolTypeDistance
North Otter ElementaryElementary1.2 km
D.W. Poppy SecondarySecondary1.4 km
Peterson Road ElementaryElementary2.5 km
Langley Christian School(Independent)K-123.3 km
Coghlan Fundamental ElementaryElementary3.5 km
VanguardSecondary3.5 km
Fraser Valley Adventist Academy(Independent)Elementary3.8 km
Khalsa School of the Fraser Valley(Independent)Elementary/Middle4.4 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: 8.2% ($117,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,140,000.00
Periodic payment — Principal & Interest (monthly)$7,354.89
Additional monthly expenses (strata, tax, utilities, etc.)$559.88
Total monthly cost$7,914.78
Interest paid over 5-yr term$326,727.28
Balance at end of term$1,025,433.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$117,500
Stress test qualifying rate8.09%
Payment you must qualify for$10,054.22

Cash Needed at Closing

Minimum down payment$117,500
Estimated BC PTT$26,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$145,500

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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