Property Type: Land / LotOwnership: Freehold

5981 248 STREET

Langley, BC V4W1C3

$2,199,000

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Property Details

Property & Lot

Lot size
2.99 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$6,418.8 (2025)

Interior

Fireplace
None

Exterior & Lot

View
View

Listing Information

MLS®
R3145852
Listed
July 13, 2026
Time on market
On the market for 49 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: eXp Realty of Canada, Inc. · Data source: CREA DDF.

Description

IDEAL 2.99 ACRE ESTATE LOT WITH CITY WATER. A rare opportunity to secure a premium square, fully cleared and usable building lot in of Langley's most desirable locations - just 5 minutes from Highway 1. No creeks, easements, or rights of way. This property offers outstanding flexibility for a luxury farmhouse estate with coach house. Located next to Krause Berry Farms & Estate Winery and Otter Trail Winery, the setting delivers a true winery-adjacent lifestyle while remaining minutes to shopping, schools and recreation. Situated on a highly sought-after location and offered for the first time in over 30 years, this is rare chance to build your legacy estate in the Salmon River area of Langley. (id:63159)

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

15

2/9 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
North Otter ElementaryElementary1.3 km
D.W. Poppy SecondarySecondary2.7 km
Khalsa School of the Fraser Valley(Independent)Elementary/Middle3.2 km
Coghlan Fundamental ElementaryElementary3.6 km
Fraser Valley Adventist Academy(Independent)Elementary3.6 km
Peterson Road ElementaryElementary3.8 km
VanguardSecondary4.5 km
Langley Christian School(Independent)K-124.6 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)

  • Waffle Bar273 m

Parks (1)

  • Unnamed478 m

Nearby places data: © OpenStreetMap contributors.

School district: Langley (SD35)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($439,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,759,200.00
Periodic payment — Principal & Interest (monthly)$11,349.76
Additional monthly expenses (strata, tax, utilities, etc.)$534.90
Total monthly cost$11,884.66
Interest paid over 5-yr term$504,191.78
Balance at end of term$1,582,406.09

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$439,800
Stress test qualifying rate8.09%
Payment you must qualify for$13,527.63

Cash Needed at Closing

Minimum down payment$439,800
Estimated BC PTT$43,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$485,270

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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