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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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2486 200 Street, Langley
MLS®: R2999189
1440
Sq.Ft.
2
Baths
4
Beds
24,219
Lot SqFt
1953
Built
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Description
Beautifully updated home with huge investment upside on 0.56 of an acre. Excellent tenant in house and detached 36 X 20 garage. Back half of property with separate driveway has a mobile office and 40 X 16 shop. 200 amp service to the house and power to both garages and office. This property is in the Fern Ridge development area slated for rowhouse/townhouses up to 22 units per acre. No creeks, no easements. Total rental income is $7400 a month. Perfect holding property until developments.
Taxes (2024): $5,029.05
Amenities
Shopping Nearby
Private Yard
Storage
In Unit
Workshop Detached
Shed(s)
Features
Washer
Dryer
Dishwasher
Refrigerator
Cooktop
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