310 20367 85 Avenue

rent

$2,620/mo

after all costs

−$1,409/mo

cap rate

2.9%

yearly net rent ÷ price

Costs: mortgage $3,186 · tax $183 · strata $415 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Langley: CMHC's average there ($2,216) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% 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.

• Rezoning for a 6 storey, 223 unit building

  360 m away · 2019 · under review · 20186 & 20212 86 Avenue

  Amend the Carvolth Neighbourhood Plan and to rezone property from Suburban Residential Zone SR-2 to a yet to be determined Comprehensive Development Zone for the development of two (2) six-storey condominium buildings (223 units). A Development Permit application (with incorporated parking variance) has also been submitted. Jan 20, 2021 Streamside DP submitted.

• Rezoning for 220 homes

  330 m away · 2017 · under review · 20239 84 Avenue and 20264 86 Avenue

  Amend the Carvolth Neighbourhood Plan and to rezone a portion of the property from Suburban Residential Zone (SR-2) to a yet to be determined Comprehensive Development Zone for the development of 220 apartment units and 20 townhouse units. A Development Permit application has also been submitted. A Subdivision application and a Development Permit application for the townhouses were received June 2

• Rezoning for 203 homes

  370 m away · 2018 · under review · 20200 Block of 86 Avenue

  Rezone property from Suburban Residential Zone (SR-2) to a Comprehensive Development Zone for the development of a mixed-use complex with 203 residential units and 354 m2 of commercial space. Subdivision and form and character Development Permit applications have also been submitted.

• Rezoning for 170 homes

  260 m away · 2022 · under review · 20224 86 Avenue

  Rezone property from Suburban Residential Zone (SR-2) to a Comprehensive Development Zone for the development of a mixed use building with 3,632 m2 of commercial and office space and a residential development with 170 apartment units. Form and character and GHG Development Permit applications have also been submitted.

• Rezoning for a 6 storey building

  290 m away · 2023 · under review · 8400 Block of 202B Street

  Amend the Carvolth Neighbourhood Plan to rezone property from Suburban Residential Zone (SR-2) to Comprehensive Development Zone for the development of a 6 storey apartment building with two levels of underground parking.

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

49 days

median for 376 condos for sale; this one listed today

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

the building's lot: 11,561 m² (124,441 sq ft). from ParcelMap BC; property lines are approximate, a survey is the legal boundary.