Property Type: Condo / ApartmentOwnership: Strata

306 5020 221A AVENUE

Langley, BC V2Y0V5

$474,900

1 bed1 bath1 parking638 sqftBuilt 2016
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Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment
Stories
4

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$231/mo
Annual property tax
$2,206.31 (2026)

Interior

Basement
None, Unknown
Heating
Electric
Fireplace
Yes (1)

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed

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

Listing Information

MLS®
R3156065
Listed
August 17, 2026
Time on market
On the market for 14 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Royal LePage - Wolstencroft · Data source: CREA DDF.

Description

Welcome to Murrayville House! This immaculate 1 bedroom condo is walking distance to shops, restaurants and the Langley Hospital. This unit is turn-key ready and perfect for first time buyers, downsizers, and investors. Enjoy entertaining in the open concept floorplan with a beautiful gourmet white kitchen, stainless steel appliances, built-in closet organizers, laminate floors, crown molding, and a beautiful fireplace & mantle. Rentals and pets allowed, 1 parking stall & 1 storage locker. (id:63159)

Values & Trends

This listing

$744/sqft

Building average

No other active listings in this building

Langley average

$635/sqft

423 active listing(s)

Parking: 1 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.

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

$639,200
$505,700
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Abbotsford

Mainly Clear

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

48

6/9 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

SchoolTypeDistance
Credo Christian Schools(Independent)K-12661 m
Langley Fundamental ElementaryElementary783 m
James Hill ElementaryElementary1.0 km
Murrayville Academy(Independent)Elementary1.4 km
Langley Christian School(Independent)K-121.6 km
Choices ProgramSecondary1.9 km
Langley SecondarySecondary1.9 km
Langley Fundamental Middle/Secondary SchK-122.6 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

StopTypeDistance
Westbound 50 Ave @ 221A St56 m
Eastbound 50 Ave @ 221A St65 m
Westbound Fraser Hwy @ 222 St183 m
Southbound 222 St @ 50 Ave192 m
Eastbound Fraser Hwy @ 222 St211 m

Nearby Places

Restaurants (3)

  • Hitori Japanese Restaurant · 22259 48 Avenue339 m
  • Ricky's All Day Grill402 m
  • Nikko Sushi541 m

Cafes (1)

  • The Joy of Coffee381 m

Grocery (1)

  • IGA · 22259 48 Avenue436 m

Parks (3)

  • Arthur Rose Park303 m
  • Murrayville Outdoor Activity Park404 m
  • Denny Ross Memorial Park765 m

Pharmacies (1)

  • Shoppers Drug Mart · 22196 50 Avenue151 m

Banks & ATMs (1)

  • TD · 22259 48 Avenue354 m

Nearby places data: © OpenStreetMap contributors.

School district: Langley (SD35)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$379,920.00
Periodic payment — Principal & Interest (monthly)$2,451.11
Additional monthly expenses (strata, tax, utilities, etc.)$446.48
Total monthly cost$2,897.59
Interest paid over 5-yr term$108,886.16
Balance at end of term$341,739.27

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,745
Stress test qualifying rate8.09%
Payment you must qualify for$3,469.22

Cash Needed at Closing

Minimum down payment$23,745
Estimated BC PTT$7,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,743

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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