8042 197 STREET
Fraser Valley · V2Y1Y4
$4,290,000
About this residence
Developers and investors alert! Rare opportunity in the heart of Willoughby, one of Langley's most desirable and fast-growing communities. This property offers excellent holding value with usable land for future development potential, surrounded by nearby townhouse development applications and ongoing area growth. The home has been extensively renovated and features central A/C and heating, spacious bedrooms, modern bathrooms, open-concept kitchen, updated lighting, new showers and faucets, upgraded electrical, EV charging station, brand-new dishwasher, pergola patio with hot tub, garage, and outbuildings. Prime central location with strong future upside. (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 4
- Bathrooms
- 3
- Living area
- 2,276 sq ft
- Lot size
- 87120
- Parking
- 10 spaces
- Fireplace
- 1
- Year built
- 1986
- Annual tax
- $7,646
- MLS®
- R3122077
- Board
- Fraser Valley
- Status
- Active
- Listed
- May 11, 2026
- Updated
- May 12, 2026
Features & finishes
Appliances
- Washer
- Refrigerator
- Dishwasher
- Dryer
- Alarm System
- Stove
- Range
- Microwave
- Garage door opener
- Hot Tub
Heating
- Forced air
- Heat Pump
Cooling
- Air Conditioned
Basement
- Full
- Finished
- Separate entrance
Parking
- Garage
- Other
- RV
Sewer & Utilities
- Electricity
Architecture
- 2 Level
- Other
Financing
Estimated monthly payment
$20,063/mo
Loan amount
$3,432,000
Down payment
$858,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Fraser Valley
Nearby
About the area
Census · V2Y- 46,971
- Population
- 37
- Median age
- $108,000
- Median income
- $850,000
- Median home value
- 78%
- Home ownership
- 29 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 8042 197 STREET?
8042 197 STREET is listed for $4,290,000, in Fraser Valley.
How many bedrooms and bathrooms does 8042 197 STREET have?
It offers 4 bedrooms and 3 bathrooms.
What type of home is 8042 197 STREET?
8042 197 STREET is a Single Family, House, built in 1986.
How large is 8042 197 STREET?
The home offers approximately 2,276 sq ft of living space on a lot measuring 87120.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $20,063. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $7,646 per year.
Is there parking?
Yes — 8042 197 STREET includes 10 parking spaces.
What is the Fraser Valley area like?
Fraser Valley has a population of about 46,971, a median age of 37, a 78% home-ownership rate, with an average commute of about 29 minutes.
What is the average home value in Fraser Valley?
The median dwelling value in this area is approximately $850,000, based on census data via Neighbourly.
What is the median household income in Fraser Valley?
The median household income in this area is approximately $108,000.
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