4523 240TH STREET
Langley, BC V2Z2L4
$2,985,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 230,000 square feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,777 (2025)
Interior
- Basement
- Finished, Full
- Heating
- Heat Pump, Forced air, Natural gas
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (3)
Parking
- Total spaces
- 10 — covered indicated
- Features
- Garage, Open
Listing Information
- MLS®
- R3133848
- Listed
- June 11, 2026
- Time on market
- On the market for 81 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Macdonald Realty · Data source: CREA DDF.
Description
Rarely available! Over 5 acres of flat, usable land just minutes from Langley City. Formerly a tree farm, this exceptional property offers the perfect blend of country living and convenience. The recently renovated home features a stunning kitchen, air conditioning, and a bright above-ground 2-bedroom suite. Bonus mobile home for extended family or mortgage helper. Entertain year-round on the oversized covered patio with outdoor kitchen overlooking the fully fenced backyard, perfect for children and pets. A barn/shop provides endless possibilities for hobbies, storage, or projects, with plenty of parking for RVs and equipment. Grow your own vegetables, collect fresh eggs from the chicken coop, and enjoy the acreage lifestyle while staying close to everything Langley has to offer. (id:63159)
Values & Trends
This listing
$763/sqft
Building average
—
No other active listings in this building
Langley average
$852/sqft
553 active listing(s)
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
Source: Fraser Valley Real Estate Board (FVREB).
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Peterson Road Elementary | Elementary | 1.0 km |
| D.W. Poppy Secondary | Secondary | 1.3 km |
| Vanguard | Secondary | 1.7 km |
| Langley Christian School(Independent) | K-12 | 2.1 km |
| North Otter Elementary | Elementary | 2.6 km |
| Coghlan Fundamental Elementary | Elementary | 3.5 km |
| James Hill Elementary | Elementary | 3.6 km |
| Wix-Brown Elementary | Elementary | 4.3 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($597,000) — 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.