219 5516 198 STREET
Langley, BC V3A0A6
$394,900
Amenities
Also listed: Storage - Locker, Recreation Centre, Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 4
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $376/mo
- Annual property tax
- $1,774.39 (2025)
Interior
- Basement
- None, Unknown
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Valley view
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Underground, 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®
- R3143543
- Listed
- July 7, 2026
- Time on market
- On the market for 55 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage West Real Estate Services · Data source: CREA DDF.
Description
Bright second-floor 2-bedroom, 1-bath apartment in Madison Villas, professionally measured at 684 sqft. Open-concept kitchen with granite countertops, ceramic cooktop, stainless steel appliances, and ample storage. Spacious living and dining areas ideal for entertaining. Primary bedroom features walk-through closet and 4-piece cheater ensuite, second bedroom with closet (no window). In-suite laundry, air conditioning, underground parking, storage locker, and gym access. Steps to Brydon Park, trails, off-leash dog area, and close to restaurants, shopping, golf course, schools, and bus stops. Only 15-minute walk to the future SkyTrain at Cascade Casino. Move-in ready with strong long-term value. (id:63159)
Values & Trends
This listing
$577/sqft
Building average
—
No other active listings in this building
Langley average
$635/sqft
423 active listing(s)
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.
Apartment Market Stats — Langley
Monthly figures from the Fraser Valley Real Estate Board for Langley apartmentlistings — not specific to this property.
MLS® HPI Benchmark Price
$534,200
Jul 2026
Average Sale Price
$529,788
Jul 2026
Monthly Sales
64
Jul 2026
Active Listings
409
Jul 2026
Sales-to-Active Ratio
16.0%
Jul 2026
Median Days to Contract
27 days
Jul 2026
MLS® HPI Benchmark Price
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
Nearest station: Abbotsford
14°C
Clear
Humidity 87%
Wind S calm 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
26
5/9 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 | 749 m |
| Latimer Road Elementary | Elementary | 1.5 km |
| Douglas Park Community | Elementary | 1.5 km |
| Whytecliff Agile Learning Centre-Langley(Independent) | Elementary | 1.6 km |
| Simonds Elementary | Elementary | 1.7 km |
| H D Stafford Middle | Middle | 1.8 km |
| Blacklock Fine Arts Elementary | Elementary | 1.9 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 |
|---|---|---|
| Westbound 56 Ave @ 198 St | — | 187 m |
| Eastbound 56 Ave @ 198 St | — | 189 m |
| Eastbound 56 Ave @ Production Way | — | 212 m |
| Westbound 56 Ave @ Production Way | — | 299 m |
| Southbound 200 St @ 56 Ave | — | 387 m |
Nearby Places
Restaurants (2)
- Unnamed · 20173 56 Avenue764 m
- Kostas772 m
Cafes (2)
- Gossip Corner Cafe334 m
- Lemon Bakery · 102-20108 Fraser Highway774 m
Grocery (1)
- Saigon City Market764 m
Parks (2)
- Brydon Park308 m
- Linwood Park632 m
Gyms (1)
- Pro-Speed Advantage795 m
Nearby places data: © OpenStreetMap contributors.
School district: Langley (SD35)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($19,745) — 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.