Property Type: Detached HouseOwnership: Freehold

24538 40 AVENUE

Langley, BC V2Z2L9

$2,395,000

4 bed3 bath8 parking3,355 sqftBuilt 1978
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Property Details

Property & Lot

Sub-type
House
Lot size
217,800 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,280.88 (2026)

Interior

Basement
Finished, Full
Heating
Hot Water
Fireplace
Yes (1)

Parking

Total spaces
8 — covered indicated
Features
Garage

Listing Information

MLS®
R3156926
Listed
August 18, 2026
Time on market
On the market for 13 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: RE/MAX Aldercenter Realty · Data source: CREA DDF.

Description

Classic Family home in the middle of Langle..literally Close to Co-op and public transit and shopping in either direction, you will find this back in the day custom built traditional two storey on a beautifully manicured 5 acre parcel set back among the tall cedar tree lined paved driveway. Huge master bedroom with 5 piece ensuite and sundeck off other upstairs bedroom. Games room and bedroom downstairs as well separate entrance and build in workshop plus large cold room. New Hot water on demand/Heating installed recently serviced septic Field, Drilled well with ample water supply for house and other accommodations plus animals 4 stall barn and two other shops plus a detached and attached garage Home is dated but very well maintained, privacy with sunny southern exposure. (id:63159)

Values & Trends

This listing

$714/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

Partly Cloudy

12°C

Partly Cloudy

Humidity 95%

Wind N 3 km/h

Today

21°

Tonight

13°

Wednesday

20°

Wednesday night

11°

Thursday

18°

Thursday night

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

27

4 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
VanguardSecondary499 m
Coghlan Fundamental ElementaryElementary2.4 km
Peterson Road ElementaryElementary2.6 km
D.W. Poppy SecondarySecondary2.8 km
North Otter ElementaryElementary2.9 km
Fraser Valley Adventist Academy(Independent)Elementary3.4 km
Wix-Brown ElementaryElementary3.5 km
Langley Christian School(Independent)K-123.6 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

StopTypeDistance
Eastbound Fraser Hwy @ 244 St397 m
Westbound Fraser Hwy @ 244 St419 m
Westbound Fraser Hwy @ 248 St736 m
Eastbound Fraser Hwy @ 248 St740 m

School district: Langley (SD35)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($479,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,916,000.00
Periodic payment — Principal & Interest (monthly)$12,361.38
Additional monthly expenses (strata, tax, utilities, etc.)$774.74
Total monthly cost$13,136.12
Interest paid over 5-yr term$549,131.11
Balance at end of term$1,723,448.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$479,000
Stress test qualifying rate8.09%
Payment you must qualify for$14,733.37

Cash Needed at Closing

Minimum down payment$479,000
Estimated BC PTT$49,850
Legal / closing costs (typical estimate)$1,500
Total cash needed$530,350

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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