3950 240 STREET
Langley, BC V2V2J8
$4,299,000
Property Details
Property & Lot
- Lot size
- 52,957 square feet
Ownership & Fees
- Property type
- Land / Lot
- Annual property tax
- $0 (2026)
Interior
- Fireplace
- None
Listing Information
- MLS®
- C8081590
- Listed
- August 28, 2026
- Time on market
- On the market for 3 days
- Tax assessment year
- 2026
- Data last synced
- August 29, 2026
Listing provided by: Grand Central Realty · Data source: CREA DDF.
Description
Great Exposure! Grent Opportunity!! Investment Property. 1.22 Acres High Traffic Rare Corner Lot on Fraser Hwy and 240 Street. Duel zoning opportunity with extraordinary development potential. Possible to Build Your Dream Gas/EV Charging Station, Drive-Thru Fast Food Restaurant, Retail, Offices and More!! (id:63159)
Location Insights
Weather
Nearest station: Abbotsford
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
7
1/9 categories nearby
Transit
20
3 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
| School | Type | Distance |
|---|---|---|
| Vanguard | Secondary | 781 m |
| Peterson Road Elementary | Elementary | 1.8 km |
| D.W. Poppy Secondary | Secondary | 2.5 km |
| Langley Christian School(Independent) | K-12 | 2.7 km |
| Wix-Brown Elementary | Elementary | 3.1 km |
| North Otter Elementary | Elementary | 3.4 km |
| Coghlan Fundamental Elementary | Elementary | 3.4 km |
| James Hill Elementary | Elementary | 3.9 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
| Stop | Type | Distance |
|---|---|---|
| Eastbound Fraser Hwy @ 240 St | — | 36 m |
| Westbound Fraser Hwy @ 240 St | — | 164 m |
| Westbound Fraser Hwy @ 244 St | — | 751 m |
Nearby Places
Restaurants (1)
- Hilltop Diner · 23904 Fraser Highway276 m
Nearby places data: © OpenStreetMap contributors.
School district: Langley (SD35)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($859,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.