Home > All listings > 5470 240 Street

$5,980,000

5470 240 Street

Salmon River, Langley, BC, V2Z 2N6

8 | 11 | 20 | 12,124 sq.ft. | Year Built: 2023 |

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Discover this WORLD-CLASS modern marvel on over an acre of gated park-like property. The exquisite design & high-quality finishes create a remarkable residence that caters to the security & convenience of today’s active family lifestyle. Experience a spacious main level featuring soaring ceilings, floor-to-ceiling windows, & generous principal rooms that offer an exceptional indoor-outdoor living experience, complete with a walk-out terrace overlooking the grounds. Additional features include a chef's kitchen with Miele appliances, a secondary kitchen, FOUR primary bedroom suites + additional guest bedrooms, library, office, gym, sauna, theatre adorned with fibre optic star ceiling, Control4 & more. BONUS: 2 bedroom legal suite & large outbuilding that can serve as additional living space!

Property Info

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MLS®: R3040923

Listing Courtesy of Angell, Hasman & Associates Realty Ltd.

Total Bedrooms 8

Total Bathrooms 11

Floor Space 12124 sq.ft.

Lot Size 1 sq.ft.

Title Type Freehold NonStrata

Style 1 1/2 Storey

Date Listed XXXX-XX-XX

Property Type House

Listed Price $5,980,000

Unit Pricing $493/sq.ft.

Strata Fee $0.00

Tax Estimate $20,792/Year

Year Built 2023

Interior Features

Rooms

Main Foyer 11'0 * 14'4

Main Living Room 13'0 * 19'4

Main Dining Room 13'6 * 19'4

Main Great Room 20'0 * 18'0

Main Nook 12'0 * 18'0

Main Kitchen 14'0 * 18'10

Main Butlers Pantry 5'0 * 6'0

Main Wok Kitchen 10'0 * 14'3

Main Pantry 10'0 * 10'7

Main Laundry 16'6 * 8'0

Main Office 12'2 * 16'0

Main Bedrooms 16'0 * 14'0

Main Walk-In Closet 9'8 * 7'8

Main Primary Bedroom 21'0 * 23'4

Main Walk-In Closet 14'0 * 15'6

Main Living Room 221'4 * 14'4

Main Bedrooms 10'6 * 11'0

Above Primary Bedroom 20'0 * 16'4

Above Walk-In Closet 9'6 * 10'2

Above Primary Bedroom 22'0 * 18'0

Above Walk-In Closet 16'0 * 10'8

Above Primary Bedroom 21'10 * 17'8

Above Walk-In Closet 13'10 * 11'0

Above Library 13'6 * 19'4

More Details

Storey 2

Floor Space Finished 12124.00 sq.ft.

Roof XXXXXXXXXXXXXXXX

Zoning SR-1

Floor Finish XXXXXXXXXXXXXXXXXXX

Exterior Finish XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Out Door Area XXXXXXXXXX

Parking Garage Triple, Other, Front Access, Driveway, Paver Block, Garage Door Opener

Parking Cover 4

Parking Total 20

Fuel Heating Electric, Natural Gas, Radiant

Water Supply XXXXXX

Foundation Concrete Perimeter

Summary

Location and General Information

MLS Area Major: Langley
Street Name: 240
City: Langley
State Or Province: BC
Postal Code: V2Z 2N6
Property Type: Residential
Property Sub Type: Single Family Residence

Taxes and HOA Information

Tax Year: 2024

Interior and Exterior Features

Bathrooms Information

Bathrooms Full: 9
Bathrooms Half: 2

Interior Features

Fireplaces Total: 5
Flooring: Hardwood, Mixed, Tile
Basement: None
Interior Features: Guest Suite, Storage, Pantry, Central Vacuum, Wet Bar

Exterior Features

Exterior Features: Balcony, Private Yard
Roof: Asphalt, Torch-On

Property

Utilities

Sewer: Septic Tank
Water Source: Public

Property and Assessments

Foundation Details: Concrete Perimeter
Year Built: 2023
Lot Size Square Feet: 47480.4
Building Area Total: 12124
Living Area: 12124

Lot Information

Lot Features: Cleared, Greenbelt, Private, Recreation Nearby
Parcel Number: 006214835

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City Introduction

Overview of Langley, BC, Canada

Population

Langley is an important city in the Greater Vancouver region of British Columbia, divided into the City of Langley and Langley Township. The City of Langley has a population of approximately 26,000, while Langley Township has around 130,000, totaling about 156,000 residents (2024 data). Langley is a multicultural city, with about 80% of residents being Caucasian, and significant South Asian and Chinese communities.

Economy

Key Industries: Agriculture, manufacturing, retail, and education. Langley is known for its fertile farmland and manufacturing base, making it a key agricultural and industrial hub in BC.
Commercial Centers: Langley's commercial areas are mainly concentrated in the downtown and surrounding regions, attracting both consumers and investors.
Educational Resources: Langley is home to several high-quality schools and training institutions, contributing to a skilled workforce and fostering innovation.

Living Features

Natural Environment: Langley boasts abundant natural landscapes, including Fort Langley and numerous community parks, ideal for outdoor activities.
Transportation: Langley is well-connected to downtown Vancouver via highways and bus systems, with a commute time of about 45 minutes.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: Langley's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $1.2 million CAD and condos around $600,000 CAD (2024).

Opportunities:

Stable rental market: Langley's universities and job opportunities attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

Langley is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Walnut Grove and Fort Langley, while properties near transportation hubs are attractive for investors.

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