40 20335 70A Avenue

rent

$2,620/mo

after all costs

−$2,189/mo

cap rate

2.5%

yearly net rent ÷ price

Costs: mortgage $4,093 · strata $331 · insurance ~$175 · 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, 260 unit building

  220 m away · 2021 · under review · 7160 & 7185 202B Street and 20290 72 Avenue

  Rezone property from Suburban Residential Zone (SR-2) to a Comprehensive Development Zone for the development of a 131 unit apartment site. A form and character Development Permit has also been submitted. June 21, 2023 - The applicant proposes to amend the Central Gordon Estate Neighbourhood Plan and rezone property from Suburban Residential Zone (SR-2) to a new Comprehensive Development Zone for

• Rezoning for 218 homes

  220 m away · 2024 · under review · 20326 & 20350 72 Avenue

  Amend the Central Gordon Plan and rezone property Suburban Residential (SR-2) to a new Comprehensive Development Zone (CD) for the development of 218 apartment units.

• Rezoning for 205 homes

  220 m away · 2023 · under review · 20390 72 Avenue

  Application to amend the Central Gordon Estate Neighbourhood Plan and rezone approximately 0.7 ha (1.7 ac) of land located at 20390 – 72 Avenue Street to Comprehensive Development Zone CD-199 to facilitate the development of 205 apartment units at a density of 2.5 FSR.

• Rezoning for 135 homes

  180 m away · 2020 · under review · 7010 204 Street and 20443 70 Avenue

  Amend the Central Gordon Estate Neighbourhood Plan to allow additional commercial space in the Apartment/Mixed Use designation and rezone property from Suburban Residential Zone (SR-2) to a Comprehensive Development Zone yet to be determined for the development of 135 apartment units and 8 commercial units. Development Permit and Subdivision applications have also been submitted.

• Rezoning for 101 homes

  180 m away · 2019 · under review · 7130 202B Street

  Application to amend the Gordon Neighbourhood Plan and rezone approximately 0.4 ha (1.5 ac) of land located at 7130 – 202B Street to Comprehensive Development Zone CD-199 to facilitate the development of 101 apartment units.

And 6 smaller applications nearby.

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

40 days

median for 230 townhouses for sale; this one listed today

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

the building's lot: 4,049 m² (43,583 sq ft) · PID 006-784-925. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.