Log In/Sign Up
Your email has been sent.
20689 56 Av 12 Unit Apartment Building $6,200,000 CAD ($516,667 CAD/Unit) Langley, BC V3A 3Y9
INVESTMENT HIGHLIGHTS
- 12 stratified rental apartment units and 1 stratified commercial unit
- Electric baseboard heating and hot water – paid for by tenants (via individual BC hydro meters
- Electric hot water tanks in each unit
- Well maintained building with minimal capex required
- Prime location positioned within 800m of the incoming Langley City Centre SkyTrain Station
- 12 two-bedroom residential units with full size dishwashers and in-suite laundry
EXECUTIVE SUMMARY
Avison Young is pleased to market for sale a mixed-use stratified rental building located at 20689 56 Avenue, Langley, BC (the “Property”). The Property consists of 12 residential units and 1 commercial retail units, offering a unique investment opportunity in Langley’s growing urban landscape. Located in a prime area within the City of Langley, the Property offers excellent access to major transportation routes, local amenities, and nearby shopping centers. The location is highly desirable for both residents and businesses, with easy access to public transit and proximity to key community services. From an investment perspective, Langley presents a dynamic and rapidly developing market with potential for long-term growth and rental income upside. The mixed-use nature of the building provides diversification, with residential rental income complemented by the stability of commercial tenants. This is an exceptional opportunity to acquire a wellpositioned and strategically located property in the heart of Langley’s evolving cityscape.
PROPERTY FACTS
| Price | $6,200,000 CAD | Building Class | B |
| Price Per Unit | $516,667 CAD | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 12,332 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C1 - Downtown Commercial Zone | ||
| Price | $6,200,000 CAD |
| Price Per Unit | $516,667 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 12,332 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | C1 - Downtown Commercial Zone |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+0 | 12 | $1,227 CAD | 957 |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (74)
CONTACTS
-
Carey Buntain -
Michael Buchan -
Chris Wieser -
Kevin Murray -
Megan Low -
Avison Young
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
20689 56 Av
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.