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Homes for Sale Langley BC

Whether you are a first-time homebuyer looking for a condo or townhome for sale, or you are a well-established professional looking for a parcel of land with a beautiful detached home, Langley Real Estate will likely have what you are looking for. Langley MLS listings show that there are plenty of downtown Langley condos for sale, plus townhomes and houses with property; all still at very reasonable prices when compared to the rest of the Vancouver Lower Mainland. Contact Natasha Taylor of the Taylor Team at 1-778-316-4290 if you are looking for homes in Langley BC. Most Langley homes for sale are very reasonably priced and feature great school catchments, parks, recreation centres, hockey leagues, and other sporting activities in the area.

More About Langley BC

Langley real estate has enjoyed a long-standing, constantly growing rate of development. Although older areas such as Langley’s Brookswood area have remained much the same (people seem to enjoy the large lots and private feel), other areas such as Willoughby Heights and Walnut Grove have seen tremendous amounts of new growth and new real estate development.

The Taylor Team can help you discover Langley BC, which has developed into a major city that has everything to offer, from large shopping malls and commercial strips to well attended restaurants, great entertainment facilities for all ages and an easy commute to the Vancouver or to the Canada/US border. One thing you may want to check out if you are looking for homes for sale in Langley during the spring or summer months is the many classic car shows that Langley hosts. These shows feature cars from all over the Lower Mainland and often you will see some very old vintage cars that have been restored to their original splendor, or made up to be a custom hot rod.

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For sale
$7,890,000
2911 204 STREET, langley, British Columbia

2911 204 Street

Langley, British Columbia

Approximate 2.33 acre in Brookswood area. BUILDERS/INVESTORS ALERT! Future Development proposal for this area check with the Township of Langley. Located in the Development Prioritization and rapidly progressing Booth rancher offers Large Sprawling Living space with an Open Kitchen to Family Room, 3 generous sized Bedrooms, 3 Baths and shows incredibly well throughout. The grounds offer the best of everything: Space for Entertaining, Privacy and 5 Bay Detached Garage/Workshop. Toys and Cars, bring them both to the Stunning Gated Gem. Do not go on the property without permission, needs 24 hours notice for showings. (id:48205)

3 Bedroom 3 Bathroom 2833 sqft
For sale
$7,500,000
7670 240 STREET, langley, British Columbia

7670 240 Street

Langley, British Columbia

Exquisite gated estate nestled on a private (manicured) 2.5 acres. This 8,878 sqft. residence is an absolute masterpiece of luxury living. Built by Ridgewest Homes and beautifully designed by Su Casa Design. Boasting 8 bdrms, 7 baths, and a stunning primary suite on the main floor. Features include a vaulted great room, private wine/scotch tasting room, gym, movie theatre,+charming one bed suite. Outside, indulge in a 20x40 concrete pool, built-in hot tub, tennis/sports court, and covered patio with an outdoor kitchen and fireplace+firepit. 6 covered parking spaces and minutes to Fort Langley, Thunderbird and HWY 1. This is the epitome of sophisticated country living. The ultimate residence to host Family and Friends! (id:48205)

8 Bedroom 7 Bathroom 8878 sqft
For sale
$7,380,000
462 248 TH STREET, langley, British Columbia

462 248 Th Street

Langley, British Columbia

Incredible 39.5 acres of rolling hills in South Langley, a horse owners dream. Over 1 million spent over the years. This picturesque property includes a sprawling 3,555 sqft 4 bedroom main rancher home. Impressive solarium to the outdoor swimming pool, 2 detached garages, 50x150 greenhouse, 6 stall barn, riding ring with paddocks. Enjoy this fully deer fenced & treed paradise including video monitored gate, generator, barn with 2 bed 1 bath suite, 7 ponds with magnificent waterfalls and an orchard. Located only 20 mins from White Rock, 40 mins from Vancouver and 5 mins to the USA border. This property is the ideal family estate, or perfect for someone looking to rebuild their dream home on a spacious and private lot. With so many options, this property won't last long. Bring your offer! (id:48205)

4 Bedroom 3555 sqft
For sale
$7,290,000
605 200 STREET, langley, British Columbia

605 200 Street

Langley, British Columbia

Effortless elegance and relaxed sophistication. The interior seamlessly blends classic and contemporary design elements, creating a space that is both tasteful and timeless. The sprawling living spaces have custom millwork, from intricately detailed crown moldings to handcrafted paneling. The kitchen is a culinary haven, featuring a bright and open layout, white cabinetry and marble countertops. High-end appliances seamlessly blend with the classic design, offering a perfect balance of form and function. The bedrooms are all en-suited showcasing high-end fixtures. A covered porch with built in heaters designed for effortless entertaining and relaxation. (id:48205)

6 Bedroom 7 Bathroom 7236 sqft
For sale
$6,998,600
20210 27 AVENUE, langley, British Columbia

20210 27 Avenue

Langley, British Columbia

Large dynamic land assembly with 2.4 acres and custom 2379 sq. ft. home with a 1050 sq ft mobile home! Surrounding properties also for sale future SF-3 Zoning is open to innovative housing ideas with bonus density that provides for higher density. New 27 avenue subdivision from 200th street to 204 Street with all services at the street. Part of the Brookswood Fernridge Neighbourhood Plan. Please review the Fernridge Neighbourhood Plan to confirm. Photo-5 is a an example rendering only. (id:48205)

4 Bedroom 3 Bathroom 2779 m2
For sale
$6,998,600
20178 27 AVENUE, langley, British Columbia

20178 27 Avenue

Langley, British Columbia

Large dynamic land assembly with 2.4 acres and custom 2532 sq. ft. home. Surrounding properties also for sale future SF-3 Zoning is open to innovative housing ideas with bonus density that provides for higher density. New 27 Avenue subdivision from 200th street to 204 Street with all services at the street. Part of the Brookswood Fernridge Neighbourhood Plan. Please review the Fernridge Neighbourhood Plan to confirm. Note that photo-4 is an example rendering only. (id:48205)

3 Bedroom 3 Bathroom 2532 m2
For sale
$6,998,600
20244 27 AVENUE, langley, British Columbia

20244 27 Avenue

Langley, British Columbia

Large dynamic land assembly with 2.4 acres and custom 3248 sq. ft. home. Surrounding properties also for sale future SF-3 Zoning is open to innovative housing ideas with bonus density that provides for higher density. New 27 Avenue subdivision from 200th street to 204 Street with all services at the street. Part of the Brookswood Fernridge Neighbourhood Plan. Please review the Neighbourhood plan to confirm. Note photo-5 is an example rendering only. (id:48205)

4 Bedroom 3 Bathroom 3248 m2
For sale
$6,998,600
20264 27 AVENUE, langley, British Columbia

20264 27 Avenue

Langley, British Columbia

iMMEDIATE RENTAL WITH TERMS NEGOTIABLE $8000 PER MONTH FULLY FURNISHED Welcome to this sprawling 2.44 acreage property in Brookswood. This home boats nearly 5,000 square feet on a expansive piece of tranquil land, blanketed in lush forestry. The main home offers large glass windows in the family room which bring in lots of natural light. Zoning allows for multi-family dwelling and should be available for 12-15 units- INCREDIBLE DEVELOPMENT POTENTIAL. Please review the OCP to confirm. Photo-5 is an example rendering only for high density. (id:48205)

3 Bedroom 2 Bathroom 4448 sqft
For sale
$6,688,000
1997 240 STREET, langley, British Columbia

1997 240 Street

Langley, British Columbia

20 Acres in South Langley ready for mulit-family living! This gorgeous brand new 4 Bed/5bath Custom Built Estate home with primary bedroom on the main floor, has everything you would expect in a quality built home with vaulted ceilings, expansive windows, bespoke millwork and the kitchen is a chef's paradise! large deckspace is designed for entertaining with outdoor fireplace and overlooking your fields. The main entrance is gated and paved with a second road access from the back allows for many options. There is a also a charming mobile home on the property and a 10,000 sqft barn ready for anything you need. This acreage has it all for anyone looking for peace, privacy and a first class ESTATE! (id:48205)

4 Bedroom 5 Bathroom 5675 sqft
For sale
$6,500,000
20532 28 AVENUE, langley, British Columbia

20532 28 Avenue

Langley, British Columbia

Brookswood 2.16 Acre in OCP, Strong Development potential with a possibility of keeping the existing home on one lot. House has been maintained and shows very well. Beautiful views to Sunrise Lake. (id:48205)

4 Bedroom 3 Bathroom 2508 sqft
For sale
$6,290,000
2794 204 STREET, langley, British Columbia

2794 204 Street

Langley, British Columbia

DEVELOPERS ALERT! This future development potential corner property is located in the Brookswood Langley. It is situated in prime area and has double road frontage, which could be advantageous for future development. Very well-maintained 3 BR home with additional Manufactured home and workshop. Currently monthly rental income of approx. $7000 per month. Vendor may provide financing to qualified buyers at own discretion. Contact for details. (id:48205)

2 Bedroom 3 Bathroom 3039 sqft
For sale
$5,999,000
1975 232 STREET, langley, British Columbia

1975 232 Street

Langley, British Columbia

40 ACRE BLUEBERRY FARM WITH 2 HOMES. Main home is 4.170 SQ/FT with 5 Bedrooms, 5 Bathrooms, Media Room, and Wet Bar. Home was completely renovated in 2021 with a large covered patio, attached 3 car garage and a large garage for a RV with 14' door height. Mobile Home 1,800 SQ/FT with 2 kitchens, 4 Bedrooms and 2 Bathrooms. There is a 2,600 SQ/FT Barn and a large 4,500 SQ/FT Office Building. Currently planted in Blueberry 3 Acres of Bluecrop, 14.5 Acres of Elliot, 13.5 Acres of Duke and 2.5 Acres of Reka. Easy access to Fraser Highway, Highway #1 and USA Border. (id:48205)

5 Bedroom 5 Bathroom 4170 sqft
For sale
$5,990,000
2059 198 STREET, langley, British Columbia

2059 198 Street

Langley, British Columbia

Original rancher on 2 full flat acres in Fernridge area of Brookswood with no waterways. Enjoy the peace and quiet of country living while waiting for the future development. This spacious Rancher has 3 bedrooms 3 bathrooms large Kitchen and eating area. Huge skylight over entry with separate living and dining room looking onto private forest backyard. Detached 24x30 shop for all of your toys or storage. Super private yard with huge cedars. (id:48205)

3 Bedroom 3 Bathroom 2144 sqft
For sale
$5,988,000
2508 232 STREET, langley, British Columbia

2508 232 Street

Langley, British Columbia

14.98 ACRES 2 HOUSES AND BLUEBERRY FARM. The 7,490 SQ/FT Estate Home was built in 2017 and includes 5 spacious bedrooms each with its own walk-in closet & ensuite bathrooms (6 Bathrooms in total) a Game Room, Theater Room and Bar Room. The fully renovated second house is 2,000 SQ/FT with 3 bedrooms and 2 bathrooms. Fully renovated 1,500 SQ/FT Cottage/ Workshop with 2 bedrooms and 1 bathroom. This property also includes is a 3,250 SQ/FT Workshop/ Barn. In 2006 approximately 12 Acres were planted in 3 varieties of blueberries, Duke, Bluecrop and Elliot producing approx. 110,0000 - 120,000 LBS annually. Close to all amenities with easy access to Fraser Highway, Highway #10, Highway #1, and the USA border. (id:48205)

5 Bedroom 6 Bathroom 7490 sqft
For sale
$5,688,000
20709 EASTLEIGH CRESCENT, langley, British Columbia

20709 Eastleigh Crescent

Langley, British Columbia

A rare find development site in central Langley. Close approximately to Surrey- Langley Skytrain Extension. OCP allows FSR up to 2.1, up to 6 story. The next door development of 6-story condo building almost done. Currently has 7 units of townhouse fully tenanted with good cash flow. Desirable location that close all accesses such as restaurants, bars, groceries, transit, park, playground, professional services and University. this area is proved to be a promising investment for investors. Don't miss ! By appointment only. (id:48205)

3 Bedroom 2 Bathroom 11900
For sale
$5,688,000
20709 EASTLEIGH CRESCENT, langley, British Columbia

20709 Eastleigh Crescent

Langley, British Columbia

A Rare Find Development Site in Central Langley. Close proximity to Surrey-Langley Skytrain Extension. OCP allows FSR up to 2.1, up to 6 story, holding income available. The next door development of 6-story condo building almost done. Currently has 7 units of townhouse fully tenanted. Desirable location that close all accesses such as restaurants, bars, groceries, transit, park, playground, professional services and University. This area is proved to be a promising investment for investors. Fully tenanted with good cash flow. Ask for brochure with details. Don't Miss. (id:48205)

For sale
$5,600,000
22787 24 AVENUE, langley, British Columbia

22787 24 Avenue

Langley, British Columbia

The primary home is 4,940 square feet that features in-floor radiant heating using natural gas boiler. situated on 8.99 acre parcel with road access from 24 Avenue and 26 Avenue. Property features; 3 separate Natural Gas services, 400A single phase and 600A three phase electrical services, 2 backup generators 1 in each boiler room, 2 wells 217 ft and 275 ft deep 35 g/min with exceptional water quality, 3 septic systems, two large lined water reservoirs and some open spaces. The additional structures on the property are; 2 greenhouses with computer controlled 2 boilers and CO2 systems and loading dock, 2 greenhouse support workshops, farm worker accommodations, and a doublewide manufactured home that has a current silver labeled and is affixed to the property. Systems documentation and training is available. (id:48205)

6 Bedroom 4 Bathroom 4940 sqft
For sale
$5,500,000
2943 248 STREET, langley, British Columbia

2943 248 Street

Langley, British Columbia

39.5 ACRES over 660' of frontage. FIRST TIME OFFERED FOR SALE ON THE MARKET. Excellent South Otter area just south of the Otter Co-op. Beautiful high dry land with Western back yard for gorgeous sunsets and facing east for lovely morning sun. Best location for your future country estate, great soil to grow various crops. Existing horse farm with older indoor riding arena, two large horse barns plus shelters. Well maintained 3 level 4 bedroom home with suite leading to private in-ground pool. Mobile home is not included in the purchase of this property. Long driveway to past horse exercise racetrack plus unopened 2nd road allowance at the back offer's great potential for future building sites with mountain views. Call for your private showing anytime. (id:48205)

4 Bedroom 3 Bathroom 2800 sqft
For sale
$5,499,999
4898 248 STREET, langley, British Columbia

4898 248 Street

Langley, British Columbia

Family Oasis on a Sprawling 20-Acre Farm: Nestled in the serene countryside, this property unveils endless possibilities for your family. Beyond a mere residence, it extends an invitation to craft cherished memories, immerse in nature's allure, and embark on an exhilarating journey of exploration. With an authorized 2nd dwelling and multiple permitted buildings, it stands as a testament to its potential for multigenerational living or generating rental income. Whether accommodating grandparents, hosting visiting relatives, or pursuing a flexible rental strategy, the opportunities are boundless. Delve into the realm of equestrian delights as the property boasts fully equipped facilities. From an oversized tack room to two barns, 2x wash racks, and an indoor riding arena. Don't wait! (id:48205)

5 Bedroom 5 Bathroom 3232 sqft
For sale
$5,400,000
8415 ARMSTRONG ROAD, langley, British Columbia

8415 Armstrong Road

Langley, British Columbia

SPECTACULAR VALLEY, RIVER & MTN VIEW! "27.45 ACRES - Very private setting with long winding tree lined paved drive to this custom built rancher with loft and inground unfinished basement. Swimming pool with larger tiered back on view side of home. Attractive landscaping, small orchard. Outbuildings include a 22 x 50 2 story workshop with 35 x 55 lento and 310 x 40 two story barn built for raising poultry, but could be converted for other uses. Property consists of mostly rolling pasture with wooded ravine and homes, minutes to Port Langley & Hwy access. All measurements are approximate and should be verified by the buyer. (id:48205)

2 Bedroom 4 Bathroom 5389 sqft
For sale
$5,388,000
699 261 STREET, langley, British Columbia

699 261 Street

Langley, British Columbia

STUNNING 20-ACRE multi-use property w/2 large single family homes. The 4,000 sq ft main house has 4 beds & 4 baths, Features vaulted ceilings radiant floors SS appliances, granite counters gas fireplace heat pump w/AC, large recreation room and double car garage w/workshop. Secondary house contains 2 large suites w/ 3 Bdrms upstairs & 2 Bdrms downstair with new hot water tank and new painting. Direct access to South Langley Regional Trail & connects to Cambell Vally Park & also 2 mins from Aldergrove Lake Park. Large indoor round pen & secondary outdoor round pen w/ 2 large full riding rings w / drainage & lighting. all new fencing throughout the many enclosed boarding. Full Barns w/ Stalls, Paddocks, full tack rooms, boarder lockers and more. Book your private showing. (id:48205)

3 Bedroom 4 Bathroom 4095 sqft
For sale
$5,299,000
1812 232 STREET, langley, British Columbia

1812 232 Street

Langley, British Columbia

The pinnacle of modern farmhouse living! This HUGE 13 bed/12 bath family estate features gorgeous high end finishing, custom built for entertaining. On over 10 acres of secluded paradise with incredible views, the gated, winding drive leads past your own private lake and open fields to the main house, exuding Hamptons-style charm. Inside you'll find floor-to-ceiling windows, beautiful hardwood floors, and rustic-chic design. The double height great room seamlessly connects to a gourmet chef's kitchen with premium Thermador appliances and adjacent dining room. French doors invite indoor/outdoor living with an outdoor kitchen, heated pool and hot tub. With a horse stable, triple garage, guest suite, 1,300 sq. ft office building, TONS of parking and more - this is your dream lifestyle! (id:48205)

10 Bedroom 10 Bathroom 7685 sqft
For sale
$5,280,000
22189 86A AVENUE, langley, British Columbia

22189 86a Avenue

Langley, British Columbia

Welcome to this stunning 6 bed, 5 bath luxury family home privately nestled on 0.83 of an acre along exclusive 86A Avenue, Fort Langley. Elegant great room with striking timber frame details & beautiful garden views, bright chef's kitchen, formal dining room as well as a harvest table dining area, family room/convenient office with lots of natural light & separate entrance. Downstairs showcases a gym, media room & bar. Truly relax in this quiet & gated oasis that masters the art of indoor-outdoor design. Enjoy the maturely landscaped gardens, exquisite water features, gorgeous outdoor living patios with gas fire table, BBQ & hot tub. Grow your own flowers, vegetables & herbs in the fabulous greenhouse. 3 car garage plus garden garage ideal for lawn mower, golf clubs or gardening tools! (id:48205)

6 Bedroom 5 Bathroom 6670 sqft
For sale
$5,280,000
25039 8 AVENUE, langley, British Columbia

25039 8 Avenue

Langley, British Columbia

19.49 Acre Private Parklike / Multi Purpose Income Producing property /Ideal for Equestrian or Business or Gated Facility / On Campbell Valley Riding Trail / 2 Road Frontages: 8 Ave & 10 Ave / RU 2 Zoning: allows a dog kennel / Near 5,000 sq ft Georgian Style Home: 2 Master Bedrooms, 2 Kitchens, 2 Laundry Sets / Indoor Sand Riding Arena: 170' x 70' / Drive Through Hay Barn: 47 stalls, w/Tack Room / Machine Shop: 32' x 32' / Workshop: 56' x 44' w/ bathroom & loft, can be a large office /Farm status for low tax (id:48205)

6 Bedroom 5 Bathroom 4761 sqft
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About The City of

Langley

Langley is split between between two municipalities; the Township of Langley, and the City of Langley. Since the two municipalities are so close, they tend to share many of the major amenities and work closely with one another to ensure that the region is able to prosper together. For the last ten years, Langley has seen an explosive of both commercial and residential developments. Both of these are in large part due to significant infrastructure improvements on the Port Mann bridge, as well as rumored plans of Translink extending the Skytrain to the City of Langley over the next ten years.

Neighborhoods in

Langley

The neighborhoods in Langley can vary greatly in price depending on where you want to purchase. That being said, the core of Langley’s shopping and entertainment is conveniently located in the geographical center of the town. This helps ensure that no matter which community you live in, you can easily access everything within a 10 minute car ride.

Some of the most sought after neighborhoods in the Fraser Valley can be found in the Township of Langley; Fort Langley, Walnut Grove, and High Point.

map of langley

Amenities in

Langley

Langley has a strong reputation as having some of the most premium amenities across the Fraser Valley. Whether your family enjoys swimming, biking, hiking, or team sports, there is something for everyone.

The Township of Langley operates some of the lushest parks and state-of-the-art facilities West of the Fraser River. Many Surrey and Abbotsford residents travel into Langley to make use of all of the incredible spaces.

  • Walnut Grove Community Park
  • Campbell Valley Regional Park
  • Derby Reach Regional Park
  • Aldergrove Park
  • Fort to Fort Trail
  • Walnut Grove Community Centre
  • Aldergrove Credit Union Community Centre

There are over 50 schools in Langley, BC. So whether you’re looking to enroll your children in a public elementary school, or you have a high school graduate seeking post-secondary education, there is a school for everyone.

  • Nicomekl Elementary
  • H.D. Stafford Middle School
  • Douglas Park Community School
  • Brookswood Secondary
  • Walnut Grove Secondary School
  • St. Catherines Elementary School
  • Alice Brown Elementary
  • Kwantlen Polytechnic University (KPU)
  • Langley Secondary School
  • RE Mountain Secondary School
  • Dorothy Peacock Elementary
  • Gordon Greenwood Elementary School
  • Trinity Western University

Since Langley is situated between Surrey and Abbotsford, while also bordering the United States, it has become a shopping and entertainment mecca in BC.

  • Willowbrook Mall
  • Langley Events Centre
  • Cineplex Cinemas Langley, formerly Colossus
  • Fort Langley
  • Walnut Grove Community Centre
  • Twilight Drive-in Theatre
  • Fast Track Indoor Karting
  • Chuck E. Cheese
  • Cascades Casino Langley
  • Extreme Air Park

Langley has undergone significant improvements to transportation options. With many neighbourhoods becoming more and more walkable, and Translink making large infrastructure investments into increased bus’ and Skytrain developments.

  • Uber
  • Translink Bus service
  • Many walkable neighbourhoods
  • KPU Inter-Campus Shuttles
  • BC Transit shuttles to Abbotsford and Chilliwack
  • Langley Regional Airport

Economic Stats for

Langley

Langley’s economy has been significantly growing over the last 10 to 20 years. Before you lay your roots and purchase a property in Langley, it is important to understand the primary job creators and the economic drivers of the community.

Statistics Canada’s 2016 Census reports that Langley’s population in 2001 was approximately 87,000 and in 2016 it rose to over 117,000 people. This resulted in an average growth rate of 2.52% per year

As more and more Vancouver families decide to move out of the city this trend is expected to continue for the foreseeable future.

Statistics Canada reported that in 2017 1 in 3 households in the Township of Langley had a household income of over $80,000. Nearly 8% of families had a household income of well over $150,000 per year.

Real estate prices in Langley vary greatly depending on the neighbourhood. It’s important to not just consider price when purchasing a property.

Langley March 2021 Price Three Year % Change
Detached House $1,279,600 24%
Townhouse $635,500 10%
Apartment/Condo $434,100 3%

(From MLS® Home Price Index – Fraser Valley Real Estate Board March 2021.)

LANGLEY TOWNHOMES AND CONDOS

You will find plenty of new developments that feature brand new townhomes and condos for sale in Langley. These new home developments often will offer no tax on your brand-new townhouse in Langley, and the townhome for sale will also be under warranty should anything come up as the home settles.

Traditionally prices for townhomes for sale in Langley start at approximately $490,000 for smaller older townhouses and can reach into the high $500,000’s for new townhouse developments. The approximate prices for condos for sale in Langley start at as low as $420,000 for an older studio or one-bedroom condo unit. For new condos for sale in Langley, you can expect prices at approximately the $400-600,000’s range.

LANGLEY ACREAGES AND DETACHED HOMES

Langley is also full of beautiful large acreages and large estate homes for those with a larger real estate budget. Some of these detached Langley homes will easily exceed the $1,000,000 CDN mark but will likely be an excellent investment down the road, depending on where you are looking, as Langley has plenty of room to grow and plenty of properties that can be subdivided.

Residential Property Tax Rate for Langley City from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.217%     0.128%       0.386%
2019     0.203%     0.118%       0.358%
2018     0.210%     0.124%       0.371%

Langley has a very strong and diverse local economy. With hundreds of different businesses across dozens of industries, this community is very well balanced.

Agricultural land plays a significant role in Langley’s economy. With nearly 75% of all the land being reserved for agricultural purposes. Langley is responsible for a vast majority of the agricultural output of Greater Vancouver.

Film and Television have a growing impact on Langley’s economy. With recent infrastructure developments to support state-of-the-art studios, we expect the film industry to be a primary driver for the foreseeable future. Small town Fort Langley is known for some of the biggest hit Netflix films.

Rental Potential in

Langley

Are you a rental property investor searching for your next property? Or even a young family looking to offset the cost our your dream home with a mortgage help? Then you need to understand the common costs and rental rates in Cloverdale.

Before you take the first step in acquiring a real estate investment it is best that you understand the most common costs associated with acquiring and maintaining a rental property.

  • Property Transfer Tax – This is a provincial tax on the transfer of ownership between the seller and buyer. In general, it is 1% – 3% of the fair market value.
  • Lawyer Fees – These fees vary depending on the firm’s rates and whether you will be financing or paying cash for the property. That being said, in general, the cost is approximately $1,000 – $2,000.
  • Property Taxes – All real estate in BC is impacted by property taxes in one way of another. In Langley City, you can expect to pay around 0.210% of the BC assessment value each year.
  • Strata Fees – If you’re purchasing a property that has a strata corporation, then you can expect to pay a monthly fee to the strata. Most, if not all, apartments, townhomes, and condos have a monthly strata fee. This can range from $200 – $500+ per month.
  • Repairs & Maintenance – Most savvy investors budget 1 – 2 % of the fair market value of the property for repairs and maintenance.
  • Property Management – Who will manage the screening of tenants? What about collect the rents and abide by the BC Tenants Act? Property management companies can manage all of the day-to-day operations for anywhere from a 6 – 10% commission.

In February 2021, Aldergrove Star reported that Langley’s rental market has an extremely low vacancy rate. In fact, the 1.9% vacancy rate is substantially lower than even Vancouver.

With such low vacancy rates, this gives landlords the upper hand in terms of rental rate negotiations. It is not uncommon to find one-bedroom apartments renting in excess of $1,000 per month.

Monthly rents will vary greatly depending on the location and quality of the home. While these estimates will help you understand the general pricing, its best to speak with a professional real estate agent or property management company to get the most accurate rental rates for your property.

Estimated Monthly Rents:

1 Bedroom – $1,200 – $1,600 per month

2 Bedroom – $1,400 – $1,900 per month

3 Bedroom – $2,400 – $3,700 per month