Murrayville (Langley, BC) Neighbourhood Guide
Heritage village core with hospital-adjacent townhouse density. What I tell clients before they put in an offer in Murrayville: real price bands, transit reality, schools, and where the value is right now.
Murrayville at a glance
Murrayville is the village pocket centered on 48th Avenue and 216th Street, anchored by Langley Memorial Hospital. The original heritage core dates back to the early 1900s and includes the historic Murrayville Hall and original brick storefronts. Around the village, several large townhouse and low-rise developments have been added since 2010 to support hospital-adjacent housing demand. Detached homes occupy the surrounding blocks, mostly 1980s–2000s 2-storey-with-basement format.
Vibe: Hospital-adjacent · Village heritage · Walkable core · Mixed density
Typical 2026 prices
| Detached | $1.4M – $1.85M |
| Townhouse | $820K – $1.05M |
| Condo / Apartment | $520K – $640K |
Directional ranges from MLS HPI and recent comparable sales. Not appraisal values. Get a precise CMA from Dan.
Housing typology
A blend of detached homes (~50%), townhouse complexes near the village core, and small low-rise condo buildings.
Ideal Murrayville buyer
Healthcare workers, downsizers wanting walkability, and investors targeting hospital-adjacent rental demand.
Market dynamics
Murrayville 2026 prices vs the Lower Mainland
How Murrayville stacks up against the broader Greater Vancouver + Fraser Valley HPI benchmark. Bars are scaled directly from current MLS HPI data and recent comparable sales — they tell you whether Murrayville is a value play, a parity market, or a premium pocket relative to the wider region.
LM benchmark = blended Greater Vancouver + Fraser Valley HPI as of April 2026 (detached ~$1,950,000 · townhouse ~$1,080,000 · condo ~$770,000). Murrayville bars represent the lower end of typical sale prices — premium properties trade above. Source: REBGV / FVREB MLS HPI + recent comparable sales.
Transit & commute
Bus access via the 503 along Fraser Highway. Drive commutes use 200th Street, Glover Road, and 216th Street.
Schools & catchments
- Langley Fundamental Middle/Secondary
- Alex Hope Elementary
- Simonds Elementary
Catchments change. Always verify your specific address with the school district.
Should you buy in Murrayville?
✓ Strengths
- Walking distance to Langley Memorial Hospital — strong rental demand
- Heritage village charm, walkable to coffee/shops
- Diverse price points (condo, townhouse, detached) in one neighbourhood
⚠ Things to check
- Hospital traffic on weekday mornings
- Some condo buildings have aging building envelopes
- Limited direct transit to SkyTrain
Investor snapshot
Murrayville rental yields & investor angle
Rough gross yield ranges based on typical CMHC market rents in the Langley CMA and the lower end of Murrayville purchase prices. Real numbers shift with strata fees, vacancy, financing, and property tax — I run a full pro-forma before we make any offer.
| Property type | Purchase (low) | Typical rent | Gross yield range |
|---|---|---|---|
| Detached (rented as SFH) | $1.4M – $1.85M | $3,800-5,500/mo | 3.26% – 4.71% |
| Townhouse | $820K – $1.05M | $3,200-4,200/mo | 4.68% – 6.15% |
| Condo (1-bed) | $520K – $640K | $2,200-2,800/mo | 5.08% – 6.46% |
Gross yield = annual rent ÷ purchase price. Net yields after strata, taxes, vacancy, repairs, and financing typically run 1.5-2.5 percentage points lower. I model the BC tax stack (Speculation Tax, Empty Homes Tax, Property Transfer Tax, capital gains, and the new BC Home Flipping Tax) for every investor file.
Where to look in Murrayville
Streets and corridors I keep an eye on for Murrayville clients:
Looking at a Murrayville lot for redevelopment?
Bill 44 SSMUH, Bill 47 TOD, and the Langley OCP overlay all stack differently depending on lot width, lane access, and tree retention. I model actual buildable sqft and pro-forma before any "redevelopment" purchase — happy to run yours.
Pipeline
Recent & upcoming developments in Langley
$4-billion Surrey-Langley SkyTrain extension is reshaping land values along Fraser Highway. Eight new TOD-eligible nodes are being designated. These projects directly impact Murrayville valuation, supply, and infrastructure load over the next 5-10 years.
Side-by-side
Murrayville vs nearby Langley neighbourhoods
Quick benchmark of Murrayville against the closest comparable Langley pockets I cover. Use this to triangulate where your budget gets you the best fit.
| Neighbourhood | Detached | Townhouse | Condo | Vibe |
|---|---|---|---|---|
| Murrayville YOU ARE HERE | $1.4M – $1.85M | $820K – $1.05M | $520K – $640K | Hospital-adjacent, Village heritage |
| Walnut Grove | $1.45M – $1.95M | $850K – $1.05M | $540K – $680K | Family-oriented, Established suburb |
| Willoughby | $1.65M – $2.4M | $880K – $1.15M | $540K – $720K | New construction, Master-planned |
| Brookswood-Fernridge | $1.55M – $2.3M | — | — | Treed lots, Semi-rural |
| Aldergrove | $1.15M – $1.55M | $700K – $880K | $420K – $560K | Affordable, Working-class roots |
FAQ
Murrayville real estate questions
Is Murrayville a good rental investment?
Murrayville draws steady rental demand from Langley Memorial Hospital staff, allied health professionals, and university students. Two-bed condos and townhouses near the hospital tend to lease quickly. Yields are tighter than Surrey or Maple Ridge but vacancies are also short.
How old are most Murrayville detached homes?
The detached stock skews to two cohorts: a small heritage core from the 1920s–1950s near the village, and a much larger 1980s–2000s 2-storey-with-basement build-out on the surrounding blocks.
Free home evaluation in Murrayville
I'll prepare a hand-built CMA for your Murrayville address using the most recent MLS sales — typically returned within 24 hours.
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Other Langley neighbourhoods
Compare Murrayville against the other pockets I cover in Langley.