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23287 Old Yale Road, Langley

$4,250,000

LAND | 57,848 SQFT

Otter District, Langley

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Property for Sale

Zoning: RU-1
Lot Size: 1.328 Acres
House Size: 4,635 Sqft

This stunning 1.33 acre property is located just one block away from theprominent Fraser Highway Corridor. Improved with an 4,635 sqft houseincluding a 2 bedroom suite, PLUS an additional detached shop with astudio suite above. This property is well suited to generate substantial holding income while future development potential is established. The property is currently zoned RU-1 and designated as Rural within the OCP. However, the Township of Langley is working to redesignate this property and the surrounding lands as Industrial – Mixed Employment. There designation of the land from Rural to Industrial will be contingent on the Metro Vancouver Regional District Board approving an amendment to the Regional Growth Strategy. Several strategic surrounding land owners have hired a lobbyist group to assist the Township in securing this amendment approval from Metro Vancouver. All signs currently point towards the successful implementation of the Fraser Highway Employment Lands with an estimated new area plan being adopted in late 2025. This is a unique opportunity to secure a quality property, home and set up within an area of near future development!

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