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$799,900

12 20875 88TH AVENUE

Langley · MLS® R3160723

4 bed · 3 bath · 1,843 sq ft · 2 parking

Townhouse · Single Family · built 1997 · 35 days on market

Listed by Janet Baxter, Homelife Benchmark Realty Corp.

Realtor's description

Welcome to Terrace Park in desirable Walnut Grove! This spacious 1,843 sq ft townhome offers 3 large bedrooms up plus a 4th bedroom/media room down and 3 bathrooms. Updates include: gourmet kitchen featuring quartz counters, stainless steel appliances & custom island + lighting w vinyl plank flooring on the main. Enjoy A/C, gas fireplace, central vac & security system. Some TLC needed, a great opportunity to add your own finishing touches. Fully fenced south facing backyard. Double side-by-side garage offers Level 2 EV charging plus workshop/storage space. Recent roof & gutters. Pets welcome! Walk to WG Elementary, WG Senior Secondary, Rec Centre, parks, shops & restaurants. Please note: the home backs onto 88 Ave. Quick Hwy 1 access for commuters! A great place to call home! Call to view!

Property details

Type: Townhouse, Single Family
Bedrooms: 4
Bathrooms: 3
Living area: 1,843 sq ft
Parking: 2
Year built: 1997
Property tax: $3,006 / yr
Strata fee: $434 / mo ($0.24 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 35
MLS®: R3160723

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

Features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator
Central Vacuum
Dishwasher

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-16%)

Price per sq ft: $434 vs $518 median for townhouses in Langley for sale (242)

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 35 days · no price changes so far

The market here

Listed now: 34 days; median for 243 townhouses for sale; this one 35 days

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

Monthly cost

$4,170/mo

Mortgage $3,485 · Tax $250 · Strata $434

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

estimated payment

$3,485/ monthly

loan $639,920

25-year amortization

down payment20% · $159,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 8, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $405,606
property transfer tax: $13,998; BC general rate
cash to close: $173,978; down + PTT
total paid: $1,045,526

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: $2,216/mo
After all costs: −$2,306/mo
Cap rate: 1.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,485 · tax $250 · strata $434 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ 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