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$498,000

206 19774 56 AVENUE

Langley · MLS® R3152489

2 bed · 2 bath · 921 sq ft · 2 parking

Condo · Single Family · built 2006 · 66 days on market

Listed by Beverley Chin, Oakwyn Realty Ltd.

Realtor's description

Space, Style & Convenience at Madison Station! Welcome home to this bright and spacious 2-bedroom, 2-bathroom + den condo in the sought-after Madison Station community. Thoughtfully designed with an open-concept floor plan, this home offers the perfect balance of comfort and functionality. The versatile den provides the ideal space for a home office, study area, or hobby room, while the two generously sized bedrooms offer privacy and flexibility for families, guests, or roommates. Located in the heart of Langley, you'll love having everyday conveniences just moments away. Enjoy a variety of restaurants, cafés, shopping, grocery stores, parks, recreation, schools, and transit-all within easy reach. Whether you're meeting friends for dinner, running errands, or exploring the neighbourhood, everything you need is close to home.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 921 sq ft
Parking: 2
Year built: 2006
Property tax: $2,204 / yr
Strata fee: $505 / mo ($0.55 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 66
MLS®: R3152489

Features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove

Price check

Below typical for the area (-14%)

2026 assessment: $524,000 · asking is -5.0%
Price per sq ft: $541 vs $630 median for condos in Langley for sale (375)

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 66 days · no price changes so far

The market here

Listed now: 50 days; median for 394 condos for sale; this one 66 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$524,000	$1,895

The listing shows $2,204 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

$2,858/mo

Mortgage $2,170 · Tax $184 · Strata $505

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

estimated payment

$2,170/ monthly

loan $398,400

25-year amortization

down payment20% · $99,60020%+ 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: $252,521
property transfer tax: $7,960; BC general rate
cash to close: $107,560; down + PTT
total paid: $650,921

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: −$867/mo
Cap rate: 3.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,170 · tax $184 · strata $505 · 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: 3,632 m² (39,094 sq ft) · PID 026-820-161. 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 Simonds Elementaryhomes in this catchment
1.9 km away · 20190 48 Ave, Langley · 604-530-2361
Middle H.D. Stafford Middlehomes in this catchment
2.0 km away · 20441 Grade Cres, Langley · 604-534-9285
Secondary Langley Secondaryhomes in this catchment
3.4 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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