19948 55A AVENUE
Langley, BC V3A3X5
$7,500,000
Property Details
Property & Lot
- Lot size
- 43,500 square feet
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $49,882 (2025)
Interior
- Fireplace
- None
Listing Information
- MLS®
- R3124343
- Listed
- May 21, 2026
- Time on market
- On the market for 102 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Century 21 Coastal Realty Ltd. · Data source: CREA DDF.
Description
A turnkey Multi-Family Development opportunity in the heart of Langley City! Development Permit already issued with approximately $1,000,000 in City related expenses paid to date, of which approximately 60% is reimbursable to the Investor, ready for Building Permit. This exceptional project consists of 126 modern condominium homes with the potential to convert into a revenue generating rental complex. Featuring studio,1 & 2 bedroom homes with enclosed balconies, catering to both end-users and long-term rental demand. Strategically located near the future SkyTrain expansion, this prime transit-oriented Development offers excellent accessibility and long term growth potential. A great opportunity for Developers & Investors seeking a ready-to-build project. Visit https://opuslangley.ca/ (id:63159)
Location Insights
Weather
Nearest station: Abbotsford
16°C
Mainly Clear
Humidity 78%
Wind S 3 km/h
Tonight
13°
Tuesday
21°
Tuesday night
13°
Wednesday
20°
Wednesday night
11°
Thursday
19°
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
41
8/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Nicomekl Elementary | Elementary | 636 m |
| Douglas Park Community | Elementary | 1.3 km |
| Whytecliff Agile Learning Centre-Langley(Independent) | Elementary | 1.3 km |
| Blacklock Fine Arts Elementary | Elementary | 1.6 km |
| Simonds Elementary | Elementary | 1.7 km |
| H D Stafford Middle | Middle | 1.7 km |
| Latimer Road Elementary | Elementary | 1.7 km |
| Langley Meadows Elementary | Elementary | 2.0 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Southbound 200 St @ 56 Ave | — | 144 m |
| Westbound 56 Ave @ 200 St | — | 181 m |
| Eastbound 56 Ave @ 200 St | — | 214 m |
| Eastbound 56 Ave @ 198 St | — | 233 m |
| Northbound 200 St @ 56 Ave | — | 263 m |
Nearby Places
Restaurants (5+)
- Unnamed · 20173 56 Avenue505 m
- Jim's Pizzeria · 20199 56 Avenue557 m
- Kostas583 m
- John's Chicken House · 20162 Fraser Highway600 m
- Andreas Restaurant · 20227 56 Avenue628 m
Cafes (4)
- Gossip Corner Cafe351 m
- Lemon Bakery · 102-20108 Fraser Highway573 m
- Starbucks · 20151 Fraser Highway677 m
- Tim Hortons · 20300 Douglas Crescent772 m
Grocery (3)
- Saigon City Market500 m
- Holland Shopping Centre · 20234 Fraser Highway689 m
- Save-On-Foods713 m
Parks (3)
- Linwood Park375 m
- Brydon Park514 m
- Michaud Park599 m
Shopping (2)
- M.E. Plaza649 m
- Unnamed781 m
Gyms (1)
- Brand Fitness · 20236 Fraser Highway671 m
Pharmacies (3)
- FRASE℞ MEDICINE CENTRE PHARMACY · 20200 Fraser Highway650 m
- Community Pharmacy669 m
- Shoppers Drug Mart762 m
Banks & ATMs (3)
- Memory Express - Langley - Bitcoin Well ATM · 20202 Fraser Highway650 m
- Scotiabank · 20151 Fraser Highway667 m
- Cash Money690 m
Nearby places data: © OpenStreetMap contributors.
School district: Langley (SD35)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,500,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.