20689 56 Av - Apartments FOR SALE


Langley, BC V3A 3Y9
$6,200,000 CAD
604-647-1352
20689 56 Av, Langley, BC for Sale
$6,200,000 CAD
Apartments - FOR SALE
1/4
null | Request Cap Rate

20689 56 Av
Langley, BC V3A 3Y9


HIGHLIGHTS

  • 12 stratified rental apartment units and 1 stratified commercial unit
  • Well maintained building with minimal capex required
  • Electric baseboard heating and hot water – paid for by tenants (via individual BC hydro meters
  • Prime location positioned within 800m of the incoming Langley City Centre SkyTrain Station
  • Electric hot water tanks in each unit
  • 12 two-bedroom residential units with full size dishwashers and in-suite laundry

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,200,000 CAD

PRICE/SF

$503 CAD /SF

# OF UNITS

12

PRICE/UNIT

$516,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

18

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C1

APN/PARCEL ID

016-285-646,016-285-662,016-285-671,016-285-689,016-285-697,016-285-701,016-285-727,016-285-743,016-285-760,016-285-786,016-285-794,016-285-808,016-285-816

ASK ABOUT THIS PROPERTY

Carey BuntainAvison YoungMore Info
604-647-1352

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Carey BuntainAvison YoungMore Info
604-647-1352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.