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$427,900

101 20976 56 AVENUE

Langley · MLS® R3166653

2 bed · 2 bath · 1,016 sq ft · 1 parking

Condo · Single Family · built 1992 · 21 days on market

Listed by Brian Kirkwood, Century 21 Coastal Realty Ltd.

Realtor's description

"Riverwalk" in Langley 2 Bed, 2 Bath, 1,016 sqft condo. Features a 145 sqft covered balcony w/ a natural gas hookup for your BBQ. Just freshly painted in the living room, kitchen & bedrooms, plus updated light fixtures. Open layout w/ a cozy gas fireplace in the living room. Gas & hot water included in your strata fees. Includes in-suite laundry, storage locker and 1 parking. Additional parking available plus visitor parking. Pet restriction allows for 1 cat, sorry no dogs. This is a non-smoking building. Building updates completed in 2021; new siding, high efficiency windows, sliding doors & resurfaced decks. Transit located across the street & within walking distance to the new SkyTrain station. Also walkable to groceries, restaurants, coffee shops, parks, trails & schools.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,016 sq ft
Parking: 1
Year built: 1992
Property tax: $2,781 / yr
Strata fee: $422 / mo ($0.42 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed
Days on market: 21
MLS®: R3166653

Buying in a building from 1982 to 2000: what to read first

Features

No Smoking Home
Pets Allowed With Restrictions
Rentals Allowed
Washer
Refrigerator
Dishwasher

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-33%)

2026 assessment: $487,000 · asking is -12%
Price per sq ft: $421 vs $628 median for condos in Langley for sale (377)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 21 days · no price changes so far

The market here

Listed now: 50 days; median for 397 condos for sale; this one 21 days

Condos in Langley. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$487,000	$1,761
2025	$549,000	$1,839

Estimated tax down 4.2% from 2025 to 2026.

The listing shows $2,781 a year in property tax.

Estimate: the BC Assessment value times Langley's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$2,518/mo

Mortgage $1,864 · Tax $232 · Strata $422

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,864/ monthly

loan $342,320

25-year amortization

down payment20% · $85,58020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $216,976
property transfer tax: $6,558; BC general rate
cash to close: $92,138; down + PTT
total paid: $559,296

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $2,203/mo
After all costs: −$526/mo
Cap rate: 3.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,864 · tax $232 · strata $422 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Langley (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

Location

The building's lot: 5,312 m² (57,178 sq ft) · PID 017-723-248. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

LangleyGoogle Maps ↗

Location

LangleyGoogle Maps ↗

Schools

Catchment schools, Langley School District 35

Elementary Douglas Park Elementaryhomes in this catchment
900 m away · 5409 206 St, Langley · 604-533-4491
Middle H.D. Stafford Middlehomes in this catchment
1.9 km away · 20441 Grade Cres, Langley · 604-534-9285
Secondary Langley Secondaryhomes in this catchment
900 m away · 21405 56 Ave, Langley · 604-534-4171

From the Langley School District 35's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

Good to know

Floodplain
This address is within a designated floodplain on the provincial floodplain maps (Serpentine & Nicomekl Rivers). Local rules can set things like minimum floor heights; the municipality can confirm what applies.
Source: Province of BC, Mapped Floodplains in BC

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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