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$7,500,000

19948 55A AVENUE

Langley BC V3A 3X5 - Langley City

About This Property

A turnkey Multi-Family Development opportunity in the heart of Langley City! Development Permit already issued, ready for Building Permit. This exceptional project consists of 126 modern condominium homes with the potential to convert into a revenue generating rental complex. Featuring studio,1 & 2 bedroom homes with enclosed balconies, catering to both…

Features

Near Shopping

Property Details

MLS NumberR3124343

Lot Size43,500 sqft

Days on Market159

StatusActive

Listed ByCentury 21 Coastal Realty Ltd.

School Catchment

Elementary Nicomekl

Secondary Langley

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.

$464,000Median home value

$77,000Median household income

59.7%Owner-occupied

6%Single-detached homes

2.1Avg household size

35.6Median age

25.5%Bachelor's degree or higher (25-64)

56%Commute under 30 min

84.1%Drive to work

31%Foreign-born residents

5,729Neighbourhood population

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

English + other4.3%
Punjabi3.9%
Tagalog3.9%
Spanish2.3%
Korean1.8%
Hindi1.2%
All others15%

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.

Land & Development

ZoningR3Bylaw (PDF) ↗

Lot size42,831 sqft

Lot dimensions119 × 358 ft

Lot shapeRectangular

Multi-unit potential (Bill 44 / SSMUH)

Units allowedUp to 4

Max height3 storeys

Min. setbacks4.5 / 1.5 / 1.2 mfront / side / rear

Est. buildable~42,695 sqft

Under BC's Small-Scale Multi-Unit Housing rules, this single-family lot may permit up to 4 units. These are the provincial minimums and approximate — local bylaw, servicing and lot conditions apply.

Transit-oriented potential (Bill 47 / TOA)

Transit areaTier 3within 800 m of a station

Max density3 FAR

Max height8 storeys

Est. buildable~128,086 sqft

Nearest stationLangley City Centre Station (future, ~2029)760 m away

Within a provincially designated Transit-Oriented Area, this lot may support up to 3 FAR / 8 storeys regardless of base zoning. Provincial minimums and approximate — municipal rezoning, servicing and parking standards still apply.

Approximate lot lines (ParcelMap BC)

Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.