Property Type: Condo / ApartmentOwnership: Strata

502 5398 207 STREET

Langley, BC V3A2E6

$625,000

2 bed2 bath1 parking719 sqftBuilt 2025
Get Directions

Amenities

Also listed: Storage - Locker, Laundry - In Suite, Air Conditioning, Clubhouse

Property Details

Property & Lot

Sub-type
Apartment
Style
Other
Stories
6

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$230/mo
Annual property tax
$0 (2025)

Interior

Basement
None, Unknown
Heating
Baseboard heaters, Electric
Cooling / A/C
Air Conditioned
Fireplace
None
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave

Building

Water source
Municipal water
Utilities
Water, Electricity

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed
Rentals
Allowed

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

Listing Information

MLS®
R3072871
Listed
December 9, 2025
Time on market
On the market for 266 days
Tax assessment year
2025
Data last synced
August 30, 2026

Listing provided by: Luxmore Realty · Data source: CREA DDF.

Description

Welcome to Vera in Downtown Langley! This luxury 2 bed 2 bath home offers modern living just an 8-minute walk to the future SkyTrain station (coming 2028). Featuring 9' ceilings, wall-mounted A/C, and a sleek open-concept kitchen with Italian appliances and real wood cabinetry. Includes 1 EV parking stall and a large same-floor locker for ultimate convenience. Steps to shopping at Walmart Supercentre Langley, Willowbrook Shopping Centre, and dining options. Walking distance to schools like Douglas Park Elementary School and Langley Secondary School. BONUS 580SQ FT WRAP AROUND BALCONY! Great for families with kids or pets! Showroom open Tues/Thurs/Sat 1-5pm at 101-5398 207 Street. (id:63159)

Values & Trends

This listing

$869/sqft

Building average

$727/sqft

3 active listing(s)

Langley average

$634/sqft

423 active listing(s)

Parking: 1 stall(s) includedStorage locker: Included

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

Clear

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

59

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

SchoolTypeDistance
Douglas Park CommunityElementary302 m
Blacklock Fine Arts ElementaryElementary521 m
Whytecliff Agile Learning Centre-Langley(Independent)Elementary676 m
H D Stafford MiddleMiddle1.3 km
Nicomekl ElementaryElementary1.4 km
Choices ProgramSecondary1.5 km
Langley SecondarySecondary1.6 km
Simonds ElementaryElementary1.8 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
Eastbound Douglas Cres @ 208 St163 m
Westbound Douglas Cres @ 207 St188 m
Southbound 208 St @ Fraser Hwy212 m
Northbound 206 St @ 5400 Block235 m
Eastbound Douglas Cres @ 206 St280 m

Nearby Places

Restaurants (5+)

  • Poseidon Restaurant & Bar · 20811 Fraser Highway271 m
  • Chef Sushi Restaurant · 20811 Fraser Highway301 m
  • Freshii · 20821 Fraser Highway333 m
  • Golden River366 m
  • Maru Sushi · 20631 Fraser Highway371 m

Cafes (5+)

  • Pandelicious Bakery · 20631 Fraser Highway389 m
  • The Pie Hole · 20534 Fraser Highway502 m
  • Oldhand Coffee · 20528 Fraser Highway506 m
  • Coastal Coffee House · 20555 56 Avenue523 m
  • Red Velvet Cafe583 m

Grocery (5+)

  • Julia's Prime Market · 20611 Fraser Highway402 m
  • Safeway · 20871 Fraser Highway415 m
  • Alibaba Fresh Mart · 20801 56 Avenue516 m
  • Cielito Lindo · 20491 Fraser Highway588 m
  • Los Guerreros · 20489 Fraser Highway592 m

Parks (5+)

  • Nicomekl Park203 m
  • Nicomekl Floodplain334 m
  • Douglas Park361 m
  • Rotary Centennial Park434 m
  • Legion Memorial Gardens · 20700 56 Avenue495 m

Shopping (3)

  • St. Andrews Plaza · 20615 Fraser Highway430 m
  • Value Village · 20501 56 Avenue652 m
  • Langley Mall · 5501 204 Street706 m

Gyms (3)

  • Anytime Fitness362 m
  • Evolution Pilates & Yoga Studio's Ltd · 20457 Fraser Highway640 m
  • Planet Fitness691 m

Pharmacies (3)

  • Pharmasave · 20644 Fraser Highway351 m
  • I.D.A. · 5568 206 Street460 m
  • PharmaChoice654 m

Banks & ATMs (3)

  • Instacoin ATM285 m
  • Prospera Credit Union · 20831 Fraser Hwy298 m
  • TD Canada Trust732 m

Nearby places data: © OpenStreetMap contributors.

School district: Langley (SD35)

Mortgage & Ownership Cost Calculator

Minimum required: 6.0% ($37,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$500,000.00
Periodic payment — Principal & Interest (monthly)$3,225.83
Additional monthly expenses (strata, tax, utilities, etc.)$266.08
Total monthly cost$3,491.91
Interest paid over 5-yr term$143,301.44
Balance at end of term$449,751.62

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$37,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,517.67

Cash Needed at Closing

Minimum down payment$37,500
Estimated BC PTT$10,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$49,500

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.

Request more information