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$314,995

314 5294 204 STREET

Langley · MLS® R3157418

1 bed · 1 bath · 662 sq ft · 1 parking

Condo · Single Family · built 1982 · 51 days on market

Listed by Jorge Iznardo, One Percent Realty Ltd.

Realtor's description

AWESOME well-maintained top-floor suite, ideally located in the heart of Langley. This bright and inviting home offers comfortable living with the added benefit of no neighbours above. Very calm and peaceful building at a walking distance from Portage Park. The functional layout provides plenty of space for everyday living and entertaining, while large windows bring in an abundance of natural light. The versatile den provides the perfect space for a home office, study, or additional storage, adding valuable flexibility to the home. Enjoy the convenience of being close to shopping, restaurants, schools, parks, transit, and major routes, making this an excellent choice for first-time buyers, downsizers, or investors. A great opportunity to own in a desirable and convenient Langley location!

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 662 sq ft
Parking: 1
Year built: 1982
Property tax: $2,575 / yr
Strata fee: $356 / mo ($0.54 / sq ft)
Strata rules: Pets Allowed, Rentals Allowed With Restrictions
Days on market: 51
MLS®: R3157418

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

Features

Pets Allowed
Rentals Allowed With Restrictions
Washer

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-24%)

2026 assessment: $359,400 · asking is -12%
Price per sq ft: $476 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 51 days · no price changes so far

The market here

Listed now: 50 days; median for 394 condos for sale; this one 51 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$359,400	$1,300

The listing shows $2,575 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

$1,943/mo

Mortgage $1,372 · Tax $215 · Strata $356

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

estimated payment

$1,372/ monthly

loan $251,996

25-year amortization

down payment20% · $62,99920%+ 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: $159,725
property transfer tax: $4,300; BC general rate
cash to close: $67,299; down + PTT
total paid: $411,721

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: $1,765/mo
After all costs: −$354/mo
Cap rate: 3.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,372 · tax $215 · strata $356 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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: 5,701 m² (61,365 sq ft) · PID 001-409-930. 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 Blacklock Elementaryhomes in this catchment
500 m away · 5100 206 St, Langley · 604-530-3188
Middle H.D. Stafford Middlehomes in this catchment
800 m away · 20441 Grade Cres, Langley · 604-534-9285
Secondary Langley Secondaryhomes in this catchment
2.2 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.

Good to know

Floodplain
This address is within a designated floodplain on the provincial floodplain maps (Serpentine & Nicomekl Rivers). Local rules can set things like minimum floor heights; the municipality can confirm what applies.
Source: Province of BC, Mapped Floodplains in BC

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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