2400 Echo Valley Dr, No City Value, BC, MLS® R3017249

$4,999,000
Est. Mortgage /mo

37.4% price reduction

$4,999,000
$7,990,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
0 Stories
lot 795405 sqft
0 sqft
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2400 Echo Valley Dr, No City Value, BC | MLS® R3017249 Property Details

37.4% price reduction

Claire Group & Cushman & Wakefield are excited to present investors with a remarkable opportunity to purchase this expansive 18+ acre land parcel situated on Bear Mountain in Langford, BC. This property holds significant potential for redevelopment into a distinctive neighborhood featuring a mix of apartment buildings, townhouses, and detached homes. There is potential for up to 500 units as per the past DP. Prospective buyers are encouraged to engage with the City of Langford to verify and discuss their redevelopment intentions.

General Info

Price $4,999,000
Total Bedrooms -
Total Bathrooms -
Half Bathrooms -
Floor Area Total (sqft) -
Lot Size 18.26
Lot Size Depth Feet
Lot Size Frontage -
Basement Features BasementFeatures

Property Metrics

Year Built -
Age Of Building -
Building Type -
Property Type Land
Stories -
Building Features BuildingFeatures
Structures Land Only

Additional Details

MLS® # R3017249
Area Out of Town
Neighbourhood Out of Town
City No City Value
Gross Taxes $37,754
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -

Utilities

Utility Type Sanitary Sewer Nearby, Storm Sewer Nearby, Electricity Nearby, Natural Gas Nearby, Phone Nearby, Cable Available
Water (WaterSource) Public

Parking

Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning RCBM2
Rental Suites -
# of Kitchens -
Locker -
View 1
View Description View
Units In Development -

Property History

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Status Date Price

Listed by: RE/MAX Real Estate Services

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Private Schools

Elementary, Secondary
Lighthouse Christian Academy
3.35 km
Elementary, Secondary
Lighthouse Christian Academy
3.35 km

Closest Transit

Bus Stop
Bear Mountain at Echo Valley (EB)
0.4 km
Skytrain
Skytrain @ Brighouse Stn
82.80 km

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to 2400 Echo Valley Drive, No City Value, BC, MLS® R3017249

As we step into this beautiful community, you'll notice the warmth and charm that makes it a perfect place to call home. Let's start with the essentials that make a neighborhood shine.

Education:

Just down the road, you'll find Lighthouse Christian Academy, our top-rated elementary school, with a rating of No Rating. It's located a convenient 3.35 km from 2400 Echo Valley Drive, making it an ideal choice for families. They'll appreciate the close proximity and excellent education.

As for secondary schools, Lighthouse Christian Academy is also our closest option, with a rating of No Rating. It's a 3.35 km drive from 2400 Echo Valley Drive, ensuring that your kids receive a top-notch education.

Crime Rate:

According to Statistics Canada's 2020 report, our neighborhood has a crime rate of 5,847.65, which is Below Average compared to other Canadian cities. This means you can enjoy peace of mind knowing that our community is safe and secure. The year-over-year change in crime rate is a remarkable -16.92%, demonstrating our neighborhood's commitment to maintaining a low crime rate.

Demographics:

Our community is proud to have a high percentage of residents with university certificates or degrees, at 22.5%, which is Above Average compared to other BC neighborhoods. On the other hand, 12.4% of our population has no certificate or degree, which is Below Average compared to the average in BC.

The median household income in our area is $89,011, which is Above Average compared to the British Columbia average. This indicates a strong and stable economy. The median personal income is $41,879, also Above Average compared to the BC average.

Transit:

Convenience is key, and we've got you covered. The Bear Mountain at Echo Valley (EB) bus station is just 0.4 km away from 2400 Echo Valley Drive, making it an easy commute to work or school.

Lifestyle Amenities:

Our neighborhood offers a variety of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. You'll find everything you need to live a happy and healthy lifestyle.

Real Estate Context:

The average value of dwellings in our neighborhood is $539,665, which is Above Average compared to other areas in British Columbia. This indicates a strong and stable real estate market.

Owner and Renter Statistics:

In our area, 71.7% of households have a mortgage, which is High compared to other neighborhoods. The average owner payments are $1,695, while tenants pay $1,283 on average. This is Above Average compared to other cities.

Language and Transportation:

Our community is predominantly English-speaking, with 91.8% of residents speaking only English. This is Average compared to other BC cities. However, 27.6% of our population are renters, which is Above Average compared to other BC cities and areas.

Unemployment Rate:

The unemployment rate in our area is 4.6%, which is Low compared to other province neighborhoods. This indicates a strong and stable economy.

Community Growth:

Our neighborhood has experienced a population change of 14.1% between 2011 and 2016, which is High compared to average growth rates in this region.

Population Density:

Our community has a population density of 600.1 people per square kilometer, which is Average compared to other neighborhoods.

Family Statistics:

The average size of families in our area is 2.9, which is Average compared to the whole region. Additionally, 58.6% of families have children, which is Average.

Average Age:

The average age of our population is 38.8, which is Below Average compared to other BC cities.

Real Estate Value:

The average value of dwellings in our neighborhood is $539,665, which is Above Average compared to other areas in British Columbia.

Owner and Renter Payments:

In our area, the average owner payments are $1,695, while tenants pay $1,283 on average. This is Above Average compared to other cities.

Renter Statistics:

27.6% of our population are renters, which is Above Average compared to other BC cities and areas.

Language:

Our community is predominantly English-speaking, with 91.8% of residents speaking only English. This is Average compared to other BC cities.

Transportation:

87.6% of our population use cars, which is Average compared to other neighborhoods. 3.7% of our population use public transport, which is Below Average. However, 2.

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $4,999,000
No City Value $1,615,000
Out of Town $2,128,333
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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