7380 198B STREET
Langley, BC V2Y1R9
$10,000,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 118,483.2 square feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,949.39 (2025)
Interior
- Basement
- None, Unknown
- Heating
- Forced air
- Fireplace
- Yes (2)
Parking
- Total spaces
- 12 — covered indicated
- Features
- Detached Garage, Garage, Carport
Listing Information
- MLS®
- R3091988
- Listed
- February 23, 2026
- Time on market
- On the market for 189 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage - Wolstencroft · Data source: CREA DDF.
Description
Developer Alert! Prime Development Opportunity - Latimer Neighbourhood Plan. A 2.72 acre site in the heart of Willoughby identified for future residential use. Currently zoned SR2, the property is designated for Single Family (8 UPA) and Rowhouse/Townhouse forms (up to 22 UPA), subject to Township approvals. Net developable area is subject to road dedication and servicing requirements. Not in the ALR. Strategically located in a rapidly growing area, this site presents excellent potential for builders and developers to pursue rezoning and subdivision. Buyer to verify all measurements, density, and development potential with the Township. A rare chance to secure a high-upside development site in a sought-after growth corridor. (id:63159)
Values & Trends
This listing
$4,026/sqft
Building average
—
No other active listings in this building
Langley average
$846/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
13°C
Clear
Humidity 92%
Wind NW 4 km/h
Today
21°
Tonight
13°
Wednesday
20°
Wednesday night
11°
Thursday
18°
Thursday night
9°
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
30
4/9 categories nearby
Transit
33
5 stop(s) within 800m
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
| School | Type | Distance |
|---|---|---|
| R E Mountain Secondary | Secondary | 785 m |
| R C Garnett Demonstration Elementary | Elementary | 814 m |
| Peter Ewart Middle School | Middle | 982 m |
| Maddaugh Elementary | Elementary | 1.1 km |
| Donna Gabriel Robins Elementary | Elementary | 1.5 km |
| Langley Meadows Elementary | Elementary | 1.8 km |
| Katzie Elementary | Elementary | 1.8 km |
| Hazelgrove Elementary | Elementary | 1.8 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
| Stop | Type | Distance |
|---|---|---|
| Northbound 200 St @ 72 Ave | — | 374 m |
| Westbound 72 Ave @ 200 St | — | 392 m |
| Eastbound 72 Ave @ 198B St | — | 403 m |
| Southbound 200 St @ 7500 Block | — | 422 m |
| Westbound 72 Ave @ 198B St | — | 429 m |
Nearby Places
Restaurants (3)
- （蜀莊）Grand Chinese Restaurant Langley · 7280 200 Street364 m
- Sushi Mura477 m
- Pizza Corner507 m
Cafes (2)
- Tim Hortons · 7272 200 Street435 m
- Starbucks · 7150 200 Street561 m
Parks (4)
- Carvolth Greenway310 m
- Duffy Greenway442 m
- West Willoughby Park562 m
- Routley Park · 19833 70 Avenue689 m
Gyms (1)
- Lagree Room466 m
Nearby places data: © OpenStreetMap contributors.
School district: Langley (SD35)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($2,000,000) — 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.