19948 55A AVENUE

Langley · MLS® R3124343

43,500 sq ft lot

Land · Vacant Land · 141 days on market

Listed by Mandeep Grewal, Century 21 Coastal Realty Ltd.

Realtor's description

A turnkey Multi-Family Development opportunity in the heart of Langley City! Development Permit already issued with approximately $1,000,000 in City related expenses paid to date, of which approximately 60% is reimbursable to the Investor, 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 end-users and long-term rental demand. Strategically located near the future SkyTrain expansion, this prime transit-oriented Development offers excellent accessibility and long term growth potential. A great opportunity for Developers & Investors seeking a ready-to-build project. Visit https://opuslangley.ca/

Property details

Type: Land, Vacant Land
Lot: 43,500 sq ft
Parking: 0
Property tax: $49,882 / yr
Days on market: 141
MLS®: R3124343

Property insights

On market 141 days

The market here

Listed now: 113 days; median for 60 homes for sale; this one 141 days

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

Monthly cost

$36,834/mo

Mortgage $32,677 · Tax $4,157

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

estimated payment

$32,677/ monthly

loan $6,000,000

25-year amortization

down payment20% · $1,500,00020%+ 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: $3,803,034
property transfer tax: $293,000; BC general rate
cash to close: $1,793,000; down + PTT
total paid: $9,803,034

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.

Location

Lot outline: 3,979 m² (42,830 sq ft) · PID 032-110-791. 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 Nicomekl Elementaryhomes in this catchment
600 m away · 20050 53 Ave, Langley · 604-533-1468
Middle H.D. Stafford Middlehomes in this catchment
1.7 km away · 20441 Grade Cres, Langley · 604-534-9285
Secondary Langley Secondaryhomes in this catchment
3.0 km 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.

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