Property Type: Detached HouseOwnership: Freehold

5721 224 STREET

Langley, BC V2Y2M1

$4,150,000

8 bed7 bath15 parking5,378 sqftBuilt 2015
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Amenities

Also listed: Storage - Locker

Property Details

Property & Lot

Sub-type
House
Lot size
139,827 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$12,020.72 (2025)

Interior

Basement
Finished, Full
Heating
Radiant heat, Forced air, Hot Water
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Parking

Total spaces
15 — covered indicated
Features
Detached Garage, Garage, Garage

Listing Information

MLS®
R3108036
Listed
April 8, 2026
Time on market
On the market for 146 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

RARE LUXURY Multi-Generational ESTATE on 3.21 ACRES in SALMON RIVER! PRIVATE CORNER Lot with 2 Road Frontages offering SERENE setting w/Evening SUNSET views. Beautifully Updated in 2019, MAIN Residence features 3,200+sqft of REFINED LIVING w/4 BEDS (primary on main), 3 BATHS, office & den, plus a 2,100 sqft unfinished basement awaiting your vision, & a 3-car garage. Second home, blt in 2020, offers 2,300+sqft w/3 BEDS/3 BATHS, and its own DBL Car Garage-ideal for Extended Family/Guests. Nearly 2,000sqft 4 Bay Impressive WORKSHOP w/Rec Room above w/3pc wshrm-Great for Car Enthusiasts or Escape Space! INCREDIBLE State-of-the-Art Mechanicals with 1600gal Water Holding Tanks to UV Filters. Quiet, sought-after location near Willowbrook, Eateries, wineries, Hwy #1, #10 Hwy, & TOP Rated Schools! (id:63159)

Values & Trends

This listing

$772/sqft

Building average

No other active listings in this building

Langley average

$852/sqft

553 active listing(s)

Parking: 15 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

Nearest station: Abbotsford

Clear

14°C

Clear

Humidity 87%

Wind S calm 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

SchoolTypeDistance
Credo Christian Schools(Independent)K-121.6 km
Langley SecondarySecondary1.7 km
Choices ProgramSecondary1.8 km
Langley Fundamental ElementaryElementary1.8 km
Murrayville Academy(Independent)Elementary2.5 km
Langley Christian School(Independent)K-122.5 km
James Hill ElementaryElementary2.6 km
D.W. Poppy SecondarySecondary3.1 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.

School district: Langley (SD35)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($830,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,320,000.00
Periodic payment — Principal & Interest (monthly)$21,419.51
Additional monthly expenses (strata, tax, utilities, etc.)$1,270.73
Total monthly cost$22,690.24
Interest paid over 5-yr term$951,521.54
Balance at end of term$2,986,350.74

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$830,000
Stress test qualifying rate8.09%
Payment you must qualify for$25,529.64

Cash Needed at Closing

Minimum down payment$830,000
Estimated BC PTT$125,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$957,000

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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