Property Type: Detached HouseOwnership: Freehold

4821 248 STREET

Langley, BC V4W1C8

$1,388,000

3 bed1 bath10 parking1,771 sqftBuilt 1953
16
Walk Score
0
Transit
27
Bike
Walk Score® by Redfin
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Amenities

Also listed: Storage - Locker

Property Details

Property & Lot

Sub-type
House
Style
Ranch, 2 Level
Lot size
1.52 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,656.4 (2026)

Interior

Basement
Finished, Full
Heating
Forced air
Fireplace
None
Appliances
Washer, Refrigerator, Stove, Dryer, Storage Shed

Building

Water source
Well
Utilities
Natural Gas

Parking

Total spaces
10 — covered indicated
Features
Detached Garage, Carport, Other

Listing Information

MLS®
R3160837
Listed
September 2, 2026
Time on market
On the market for 10 days
Tax assessment year
2026
Data last synced
September 13, 2026

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

Description

OFFERED for the FIRST TIME in OVER 60 YEARS! This BEAUTIFULLY maintained 1,771 sq.ft. HOME has been LOVINGLY cared for by the same family since 1963. Sitting on a PICTURESQUE 1.52 ACRE CORNER LOT in desirable SALMON RIVER, this home offers 3 bedrooms, 1 bath, a warm and inviting layout, plus a 1,200 sq.ft. WORKSHOP perfect for hobbyists, storage, or projects. Enjoy the PEACEFUL country setting just minutes from North Otter ELEMENTARY, Otter Trail WINERY, JD Farms, Otter Co-op, Willowbrook SHOPPING Centre, restaurants, grocery stores, Highway 1, and the US Border. A RARE opportunity to own a CHERISHED ACREAGE in one of LANGLEY'S most sought-after COMMUNITIES! (id:63159)

Values & Trends

This listing

$784/sqft

Building average

No other active listings in this building

Langley average

$841/sqft

550 active listing(s)

Parking: 10 stall(s) includedStorage locker: Included

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

Mostly Cloudy

14°C

Mostly Cloudy

Humidity 80%

Wind WNW 11 km/h

Today

20°

Tonight

13°

Monday

17°

Monday night

13°

Tuesday

22°

Tuesday night

12°

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 ElementaryElementary1.1 km
Coghlan Fundamental ElementaryElementary1.9 km
D.W. Poppy SecondarySecondary2.2 km
VanguardSecondary2.3 km
Fraser Valley Adventist Academy(Independent)Elementary2.5 km
Peterson Road ElementaryElementary2.8 km
Langley Christian School(Independent)K-123.8 km
Khalsa School of the Fraser Valley(Independent)Elementary/Middle4.2 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.

Nearby Places

Cafes (1)

  • JD Farms698 m

Nearby places data: © OpenStreetMap contributors.

School district: Langley (SD35)

Mortgage & Ownership Cost Calculator

Minimum required: 8.2% ($113,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,110,400.00
Periodic payment — Principal & Interest (monthly)$7,163.92
Additional monthly expenses (strata, tax, utilities, etc.)$560.37
Total monthly cost$7,724.29
Interest paid over 5-yr term$318,243.83
Balance at end of term$998,808.39

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$113,800
Stress test qualifying rate8.09%
Payment you must qualify for$9,798.15

Cash Needed at Closing

Minimum down payment$113,800
Estimated BC PTT$25,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$141,060

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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