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Investment signal

$2,399,000

24903 54 AVENUE

Beds

Baths

Sqft

—

Year

1988

Location

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About this home

PERFECT MULTI-FAMILY HOME. Original owner custom-built home. 3 huge bedrooms up with large daylight walkout basement which is perfect setup for in-laws. Hardwood flooring throughout main floor with all-newer quartz counters in kitchen and baths, stainless appliances, new fireplaces, wainscoting throughout home including crown moldings, fresh paint and new bathrooms. Very bright with natural light throughout home, beautiful park-like back yard which is extremely private and bonus backs onto a park. Huge 36'x32' detached triple shop, 9' doors, power and water, with finished coach house area above. Loads of parking for R.V. all on 1.33 acres of ultimate privacy. Steps to schools and short drive to HWY #1 or downtown Langley/Aldergrove. Perfect family setup a must see. (id:65958)

Subtype: Single Family
Architectural style: 2 Level, Carriage
Structure: House
Common interest: Freehold
Living area: 2,943 square feet
Lot size: 57,934.8 square feet
Lot dimensions: 57934.8
Parking: 8 total
Fireplace: 3
On market: Mar 19, 2026
Status changed: Apr 15, 2026
Annual tax: $6,761.84 (2025)
Photos: 27
MLS#: R3101514
Area: LANGLEY

Features and systems

Parking

Detached GarageGarageRV

Basement

FinishedFullUnknown

Appliances

WasherRefrigeratorCentral VacuumDishwasherStoveDryerAlarm System - Roughed InGarage door opener

Heating

Baseboard heatersElectric

View

Utilities

WaterNatural GasElectricity

Security

Unknown

Negative cash flow ~$4,552/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.39%

Cap rate

3.61%

GRM

16.7

Break-even rent

$16,792

Financing

Down payment$479,800

Loan amount$1,919,200

Mortgage$11,774/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,100

Insurance$80

Maintenance$1,999

CapEx reserve$1,000

Vacancy loss$600

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Langley. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $11,774/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.