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Investment signal

$948,888

123 SPRINGFIELD DRIVE

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Beds

Baths

Sqft

—

Year

1978

Type

Single Family

Suite

Suite potential

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Location 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.

About this home

Situated on a desirable corner lot in a quiet, family-oriented neighborhood, this well-maintained home is located directly across from a beautiful community park, offering open views and a welcoming setting. The home features 5 bedrooms and 4 bathrooms with a bright, functional layout, new stainless steel appliances, updated kitchen, flooring, and bathrooms, plus a fully finished basement. A 2-bedroom suite offers excellent potential for rental income or extended family living. Enjoy a private yard, ample parking, and convenient access to schools, shopping, transit, and major routes, just minutes from the US border. (id:65958)

Subtype: Single Family
Architectural style: Other, 2 Level
Structure: House
Common interest: Freehold
Living area: 1,724 square feet
Lot size: 3,000 square feet
Lot dimensions: 3000
Parking: 4 total
On market: Feb 13, 2026
Status changed: Apr 14, 2026
Annual tax: $2,943.85 (2025)
Photos: 28
MLS#: R3089497
Area: LANGLEY

Features and systems

Parking

OpenRVVisitor Parking

Basement

Separate entranceUnknownUnknown

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Baseboard heatersElectricNatural gas

Utilities

Electricity

Negative cash flow ~$1,035/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.54%

Cap rate

3.56%

GRM

16.6

Break-even rent

$5,839

Financing

Down payment$189,778

Loan amount$759,110

Mortgage$3,846/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$435

Insurance$80

Maintenance$791

CapEx reserve$395

Vacancy loss$238

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.

Mortgage estimate

Estimated $3,846/mo at 4.5% with 20% down, 30-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 14, 2026.