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About Park Place
Welcome to Park Place, a well-established wood frame lowrise condominium nestled in the heart of Langley City at 20140 56 Avenue. Built in 1991, this charming residential building offers a welcoming community atmosphere ideal for first-time buyers, downsizers, and savvy investors looking for value in one of the Fraser Valley's most accessible neighbourhoods. Langley City boasts a vibrant mix of boutique shops, restaurants, and essential services along Fraser Highway and Langley Bypass, all within minutes of your door. Residents enjoy easy access to Kwantlen Polytechnic University, Langley Memorial Hospital, and the popular Brydon Lagoon Park, perfect for morning walks and outdoor recreation. Convenient transit connections and proximity to Highway 1 make commuting to Surrey, Vancouver, and the broader Metro Vancouver region straightforward and stress-free. Park Place represents an excellent opportunity to own in a mature, tree-lined community that continues to benefit from Langley City's ongoing growth and revitalization.
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 List Price | Strata | Net Yield |
|---|---|---|---|---|---|
| Condo | 1 | $1,708/mo | $386,490 | $338/mo | 3.4% |
| Condo | 2 | $2,278/mo | $490,511 | $462/mo | 3.7% |
| Condo | 3 | $2,916/mo | $650,885 | $581/mo | 3.7% |
Net yield accounts for strata fees, property tax, and insurance. View full analysis
1 active listing in Park Place
304 20140 56 AVENUE
209 20140 56 AVENUE
205 20140 56 AVENUE
105 20140 56 AVENUE
211 20140 56 AVENUE
1 home has sold in Park Place in the past year
Find out what your home here could sell for in today's market.
Neighbourhood
Age
- Under 1514.3%
- 15 to 6468.2%
- 65 and over17.5%
Household size
- 1 person39.7%
- 237%
- 311.6%
- 47.5%
- 5 or more4.2%
Language spoken at home
72.6% English mother tongue
Mother tongue, share of 5,280 residents.
How this pocket differs
- notably fewer 5+ person households than Langley City 4.2% vs 6.4%
- fewer 4-person households than Langley City 7.5% vs 10.4%
- Median dwelling value is notably lower than Metro Vancouver $428,000 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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