123 20673 78 Avenue

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

rent

$2,030/mo

after all costs

−$508/mo

cap rate

3.9%

yearly net rent ÷ price

Costs: mortgage $1,947 · tax $149 · strata $245 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Langley: CMHC's average there ($1,765) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Estimated tax up 5.0% from 2025 to 2026.

The listing shows $1,783 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.

• Development permit for a 6 storey, 110 unit building

  370 m away · 2022 · under review · 20700 Block of 80 Avenue

  Development Permit application to facilitate development of a 6-storey building containing a total of 110 apartments and 1,141.71 m² (12,289.31 ft²) of ground floor commercial space.

• Development permit for a 6 storey building

  290 m away · 2026 · under review · 7980 206A Street

  The applicant has applied for a minor development permit amendment to convert 393 m2 (4,231 ft2) of parking area to three commercial units on the ground floor at the southeast corner of a 6-storey mixed use building and to relocate the landscape screen.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: Township of Langley development activity.

listed now

48 days

median for 369 condos for sale; this one 7 days

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

the building's lot: 5,860 m² (63,076 sq ft) · PID 031-103-456. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.