Property Type: TownhouseOwnership: Strata

12 20875 88TH AVENUE

Langley, BC V1M3K1

$879,000

4 bed3 bath2 parking1,843 sqftBuilt 1997

Open House

Sunday, September 13

1:00 PM3:00 PM

Sunday, September 13

1:00 PM3:00 PM

Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Row / Townhouse
Style
Other, 2 Level
Stories
3

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$434/mo
Annual property tax
$3,005.62 (2026)

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)
Appliances
Washer, Refrigerator, Central Vacuum, Dishwasher, Stove, Dryer, Alarm System, Garage door opener

Building

Water source
Municipal water
Sewer
Sanitary sewer, Storm sewer
Utilities
Water, Natural Gas, Electricity
Security
Security system, Smoke Detectors

Parking

Total spaces
2 — covered indicated
Features
Garage, Visitor Parking

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3160723
Listed
September 3, 2026
Time on market
On the market for 10 days
Tax assessment year
2026
Data last synced
September 13, 2026

Listing provided by: Homelife Benchmark Titus Realty · Data source: CREA DDF.

Description

Welcome to Terrace Park in desirable Walnut Grove! This spacious 1,843 sq ft townhome offers 3 large bedrooms up plus a 4th bedroom/media room down and 3 bathrooms. Updates include: gourmet kitchen featuring quartz counters, stainless steel appliances & custom island + lighting w vinyl plank flooring on the main. Enjoy A/C, gas fireplace, central vac & security system. Some TLC needed, a great opportunity to add your own finishing touches. Fully fenced south facing backyard. Double side-by-side garage offers Level 2 EV charging plus workshop/storage space. Recent roof & gutters. Pets welcome! Walk to WG Elementary, WG Senior Secondary, Rec Centre, parks, shops & restaurants. Please note: the home backs onto 88 Ave. Quick Hwy 1 access for commuters! OPEN HOUSE SUNDAY SEPT 13TH, 1:00-3:00PM (id:63159)

Values & Trends

This listing

$477/sqft

Building average

No other active listings in this building

Langley average

$524/sqft

262 active listing(s)

Parking: 2 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Townhouse Market Stats — Langley

Monthly figures from the Fraser Valley Real Estate Board for Langley townhouselistings — not specific to this property.

MLS® HPI Benchmark Price

$811,400

Jul 2026

Average Sale Price

$825,259

Jul 2026

Monthly Sales

83

Jul 2026

Active Listings

281

Jul 2026

Sales-to-Active Ratio

30.0%

Jul 2026

Median Days to Contract

17 days

Jul 2026

MLS® HPI Benchmark Price

$947,700
$742,700
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Mostly Cloudy

14°C

Mostly Cloudy

Humidity 80%

Wind WNW 11 km/h

Today

20°

Tonight

13°

Monday

17°

Monday night

13°

Tuesday

22°

Tuesday night

12°

Source: Environment and Climate Change Canada.

Population

161,566

(2021 Census)

+12.8% since 2016

Density: 509/km²

Dwellings: 62,282

Median household income: $102,443

After-tax: $89,518

Immigrant population: 22.9%

Top countries of origin (% of total population)

  • Korea, South2.7% · 4,325
  • India2.6% · 4,225
  • United Kingdom2.3% · 3,755
  • China1.9% · 3,090
  • Philippines1.7% · 2,755
  • United States of America1% · 1,550
  • Viet Nam0.7% · 1,065
  • Germany0.6% · 965

Source: Statistics Canada, 2021 Census of Population.

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($62,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$703,200.00
Periodic payment — Principal & Interest (monthly)$4,536.81
Additional monthly expenses (strata, tax, utilities, etc.)$776.73
Total monthly cost$5,313.54
Interest paid over 5-yr term$201,539.14
Balance at end of term$632,530.67

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$62,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,275.52

Cash Needed at Closing

Minimum down payment$62,900
Estimated BC PTT$15,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$79,980

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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