Property Type: Land / LotOwnership: Freehold

8062 231 STREET

Langley, BC V1M0C4

$2,388,888

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Property Details

Property & Lot

Lot size
39,996.57 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$4,694.58 (2025)

Interior

Fireplace
None

Exterior & Lot

View
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Listing Information

MLS®
R3084502
Listed
January 29, 2026
Time on market
On the market for 214 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Homelife Advantage Realty Ltd. · Data source: CREA DDF.

Description

Welcome to Forrest Knolls in Fort Langley! Not often does a building lot like this come up. Almost 1 acre at the end of a private driveway with the building permit ready to go for a 6 bedroom 7 bathroom estate with optional detached shop . Foundation has already been poured saving the buyer a substantial amount of time and cost. Building and interior design plans done by Sucasa homes! Foundation can be adjusted to accommodate a 7500 square foot home if needed. This home is surrounded by other beautiful estate homes and is in very close proximity to Belmont Golf Course and just 2 minutes from Highway 1 and Fort Langley Commercial Hub. Don't miss out! (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.

Nearby Schools

SchoolTypeDistance
Fort Langley ElementaryElementary1.6 km
Langley Fine Arts SchoolK-122.1 km
The King's School(Independent)K-122.6 km
des VoyageursElementary3.3 km
Topham ElementaryElementary3.8 km
Alex Hope ElementaryElementary4.0 km
Lynn Fripps ElementaryElementary4.2 km
James Kennedy ElementaryElementary4.2 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.

School district: Langley (SD35)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($477,778) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,911,110.00
Periodic payment — Principal & Interest (monthly)$12,329.83
Additional monthly expenses (strata, tax, utilities, etc.)$391.22
Total monthly cost$12,721.05
Interest paid over 5-yr term$547,729.62
Balance at end of term$1,719,049.63

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$477,778
Stress test qualifying rate8.09%
Payment you must qualify for$14,695.77

Cash Needed at Closing

Minimum down payment$477,778
Estimated BC PTT$49,667
Legal / closing costs (typical estimate)$1,500
Total cash needed$528,944

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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