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$449,000

408 20062 FRASER HIGHWAY

Langley · MLS® R3165690

1 bed · 1 bath · 584 sq ft · 1 parking

Condo · Single Family · built 2012 · 24 days on market

Listed by Scott Higgins, Hugh & McKinnon Realty Ltd.

Realtor's description

Welcome to this beautifully appointed home in the heart of vibrant Downtown Langley. Located in a modern, well-maintained building, this bright and stylish residence offers an open-concept layout featuring contemporary finishes, upgraded fixtures, oversized windows, and abundant natural light throughout. The thoughtfully designed kitchen boasts sleek cabinetry, quality appliances, and ample workspace, flowing seamlessly into the spacious living and dining areas. Enjoy the convenience of urban living with boutique shops, restaurants, cafés, parks, transit, and everyday amenities just steps from your door. Whether you're a first-time buyer, investor, or downsizer, this home offers the perfect blend of comfort, convenience, and lifestyle.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 584 sq ft
Parking: 1
Year built: 2012
Property tax: $1,729 / yr
Strata fee: $360 / mo ($0.62 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed
Days on market: 24
MLS®: R3165690

Features

No Smoking Home
Pets Allowed With Restrictions
Rentals Allowed
Washer
Refrigerator
Dishwasher

Price check

Above typical for the area (+22%)

2026 assessment: $411,000 · asking is +9.2%
Price per sq ft: $769 vs $628 median for condos in Langley for sale (379)
Last sold: $442,000 · Nov 24, 2023

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 24 days · no price changes so far

The market here

Listed now: 50 days; median for 396 condos for sale; this one 24 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$411,000	$1,487
2025	$444,000	$1,487

Estimated tax up 0.0% from 2025 to 2026.

The listing shows $1,729 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

$2,460/mo

Mortgage $1,956 · Tax $144 · Strata $360

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

estimated payment

$1,956/ monthly

loan $359,200

25-year amortization

down payment20% · $89,80020%+ 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: $227,675
property transfer tax: $6,980; BC general rate
cash to close: $96,780; down + PTT
total paid: $586,875

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: −$871/mo
Cap rate: 2.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,956 · tax $144 · strata $360 · 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: 2,825 m² (30,408 sq ft). 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 Douglas Park Elementaryhomes in this catchment
1.1 km away · 5409 206 St, Langley · 604-533-4491
Middle H.D. Stafford Middlehomes in this catchment
1.9 km away · 20441 Grade Cres, Langley · 604-534-9285
Secondary Langley Secondaryhomes in this catchment
2.6 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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