Property Type: Detached HouseOwnership: Freehold

4994 240 STREET

Langley, BC V2Z2M8

$2,299,000

4 bed3 bath8 parking3,174 sqftBuilt 1985
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Property Details

Property & Lot

Sub-type
House
Lot size
43,584 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,262.64 (2026)

Interior

Basement
None, Unknown
Heating
Electric, Natural gas
Fireplace
None

Parking

Total spaces
8 — covered indicated
Features
Garage, Carport, Other, RV

Listing Information

MLS®
R3139669
Listed
July 3, 2026
Time on market
On the market for 59 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: YPA Your Property Agent · Data source: CREA DDF.

Description

Welcome to this beautifully renovated 5-bedroom, 2.5-bathroom equestrian property situated on a picturesque 1-acre lot in the highly sought-after Salmon River/Hopington area. Surrounded by mature trees and lush landscaping, this exceptional property offers the feeling of living in your own private park while enjoying the peace and privacy of one of Langley's most desirable rural communities. The home was extensively renovated in 2023-24, blending modern finishes with warm, inviting living spaces designed for comfortable family living. The versatile layout includes a spacious unfinished 2-bedroom basement. Equestrian enthusiasts will appreciate the well-equipped 4-stall horse setup, providing excellent functionality for horse ownership. (id:63159)

Values & Trends

This listing

$724/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

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

1/9 categories nearby

Transit

Not enough data yet

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
D.W. Poppy SecondarySecondary623 m
Peterson Road ElementaryElementary1.4 km
North Otter ElementaryElementary1.9 km
Langley Christian School(Independent)K-122.3 km
VanguardSecondary2.5 km
Coghlan Fundamental ElementaryElementary3.5 km
James Hill ElementaryElementary3.9 km
Fraser Valley Adventist Academy(Independent)Elementary4.1 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

Parks (1)

  • Brown Park147 m

Nearby places data: © OpenStreetMap contributors.

School district: Langley (SD35)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($459,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,839,200.00
Periodic payment — Principal & Interest (monthly)$11,865.89
Additional monthly expenses (strata, tax, utilities, etc.)$764.22
Total monthly cost$12,630.11
Interest paid over 5-yr term$527,120.01
Balance at end of term$1,654,366.35

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$459,800
Stress test qualifying rate8.09%
Payment you must qualify for$14,142.80

Cash Needed at Closing

Minimum down payment$459,800
Estimated BC PTT$46,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$508,270

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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