About Madison Villas
Madison Villas offers an exceptional lowrise condominium living experience in the heart of Langley City. This well-established wood-frame building, constructed in 2008, features 69 thoughtfully designed units at 5516 198 Street. Residents enjoy the perfect balance of urban convenience and suburban tranquility, with easy access to Willowbrook Shopping Centre, T&T Supermarket, and numerous dining options along 200th Street. The location provides excellent connectivity via the nearby Langley City SkyTrain station and major transportation routes including the Trans-Canada Highway. Surrounded by parks like Derek Doubleday Arboretum and close to top-rated schools, Madison Villas appeals to young professionals, growing families, and downsizers seeking quality construction and modern amenities. The building's intimate size fosters a strong sense of community while maintaining privacy and exclusivity that today's discerning buyers demand.
Amenities
School Catchment
Investor Insights — Condos in Langley City
Estimated rental yields based on MLS data for condos in Langley City.
| Type | Beds | Avg Rent | Avg Sale | Strata | Net Yield |
|---|---|---|---|---|---|
| Condo | 1 | $1,726/mo | $303,506 | $338/mo | 4.5% |
| Condo | 2 | $2,296/mo | $408,024 | $460/mo | 4.5% |
| Condo | 3 | $3,150/mo | $712,583 | $710/mo | 3.5% |
Net yield accounts for strata fees, property tax, and insurance. View full analysis
1 active listing in Madison Villas
216 5516 198 STREET
320 5516 198 STREET
315 5516 198 STREET
305 5516 198 STREET
217 5516 198 STREET
116 5516 198 STREET
411 5516 198TH STREET
1 home has sold in Madison Villas in the past year
Find out what your home here could sell for in today's market.
Neighbourhood
Age
- Under 1514.9%
- 15 to 6471.6%
- 65 and over13.5%
Household size
- 1 person37.8%
- 235.8%
- 314.8%
- 46.9%
- 5 or more4.7%
Language spoken at home
67.6% English mother tongue
Mother tongue, share of 5,710 residents.
How this pocket differs
- fewer seniors 65+ than Langley City 13.4% vs 20%
- notably fewer 4-person households than Langley City 6.9% vs 10.4%
- fewer 5+ person households than Langley City 4.8% vs 6.4%
- notably more Tagalog speakers than Langley City 3.9% vs 1.8%
- notably more Punjabi speakers than Langley City 3.9% vs 2.4%
- Median dwelling value is notably lower than Metro Vancouver $464,000 vs $1,050,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
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