For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
Mortgage rates are estimates of current rates. No fees are included.
Currently Zoned SR-1 for large lot subdivision min. 3716 sq. m. suburban residential. ALR property but opportunity for long term hold and huge upside in land value when Langley approves residential development and supports removal from the ALR. Or develop as is residential/Agri farming. The property has residential subdivision development on 3 sides. Logical parcel for future residential expansion for East Langley/Aldergrove. Schools and sport/recreation complex nearby. Buy and hold for long term massive land value appreciation or strategic development application/land swap for removal from the ALR for large scale single family, senior rental housing or townhome development. Ideal for large scale greenhouse, agricultural operations, winery, etc. A very unique 50 acre opportunity!!
Listed By: Macdonald Commercial Real Estate Services Ltd
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.
