Welcome to 20188 53rd Ave, Langley BC - a fantastic investment opportunity with endless potential for development and growth. This turn-key fourplex sits on a sprawling 9,600sqft lot with multi-storey development and land assembly potential, perfect for investors and developers alike. The property is located in Langley City's official community plan, zoned for low-rise residential, and has the potential for a multi-storey building between 3-6 storeys and 1.4 - 2.1 FAR (subject to confirmation with the City). The property is currently fully rented, providing a stable and long-term cash flow for any potential buyer. Plus, with just a 2-minute drive (or 13-minute walk) to the proposed future skytrain route, this property is situated in a prime location just moments away from downtown Langley
| Address | 20188 53 AVENUE |
| List Price | $2,199,000 |
| Property Type | Multifamily |
| Type of Dwelling | Fourplex |
| Style of Home | 2 Storey |
| Area | Langley |
| Sub-Area | Langley City |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Floor Area | 5,040 Sq. Ft. |
| Lot Size | 9600 Sq. Ft. |
| Year Built | 1970 |
| MLS® Number | R2771020 |
| Listing Brokerage | Homelife Benchmark Realty Corp. (Branch) | Homelife Benchmark Realty Corp. (White Rock) |
| Basement Area | None |
| Postal Code | V3A 3V1 |
| Zoning | RS1 |
| Tax Amount | $5,695 |
| Tax Year | 2022 |
| Site Influences | Central Location, Shopping Nearby |
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