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$625,000

502 5398 207 STREET

Langley · MLS® R3072871

All units at 5398 207 St →

2 bed · 2 bath · 719 sq ft · 1 parking

Condo · Single Family · built 2025 · 304 days on market

Listed by Judy Dou, Luxmore Realty

Realtor's description

Welcome to Vera in Downtown Langley! This luxury 2 bed 2 bath home offers modern living just an 8-minute walk to the future SkyTrain station (coming 2028). Featuring 9' ceilings, wall-mounted A/C, and a sleek open-concept kitchen with Italian appliances and real wood cabinetry. Includes 1 EV parking stall and a large same-floor locker for ultimate convenience. Steps to shopping at Walmart Supercentre Langley, Willowbrook Shopping Centre, and dining options. Walking distance to schools like Douglas Park Elementary School and Langley Secondary School. BONUS 580SQ FT WRAP AROUND BALCONY! Great for families with kids or pets! Showings by appointment only!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 719 sq ft
Parking: 1
Year built: 2025
Strata fee: $230 / mo ($0.32 / sq ft)
Strata rules: Pets Allowed, Rentals Allowed
Days on market: 304
MLS®: R3072871

Features

Pets Allowed
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

Price check

2026 assessment: $516,000 · asking is +21%
Price per sq ft: $869 vs $628 median for condos in Langley for sale (377)

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 304 days · no price changes so far

The market here

Listed now: 50 days; median for 397 condos for sale; this one 304 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$516,000	$1,866

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

$2,953/mo

Mortgage $2,723 · Strata $230

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

estimated payment

$2,723/ monthly

loan $500,000

25-year amortization

down payment20% · $125,00020%+ 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: $316,920
property transfer tax: $10,500; BC general rate
cash to close: $135,500; down + PTT
total paid: $816,920

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: −$961/mo
Cap rate: 3.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,723 · strata $230 · 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: 2,615 m² (28,148 sq ft) · PID 032-663-196. 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
300 m away · 5409 206 St, Langley · 604-533-4491
Middle H.D. Stafford Middlehomes in this catchment
1.3 km away · 20441 Grade Cres, Langley · 604-534-9285
Secondary Langley Secondaryhomes in this catchment
1.6 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.

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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