20689 56 Avenue

Langley, BC

FOR SALE

Property Details

  • Total Site Size 17,372 sf
  • Zoning C1- Downtown Commercial Zone
  • Land Use Designation Residential 3A
  • Year Built 1990
  • Storeys 3
  • Units 13
  • Suite Mix 2-Bed:12 | CRU: 1
  • Net Rentable Area 15,211 sf
  • Parking 24
  • Pricing Guidance Contact Listing Agents

Opportunity

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 well positioned and strategically located property in the heart of Langley’s evolving cityscape.


Investment 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

Location Map

Downloads

Team

Carey Buntain
Carey Buntain
Principal
Avison Young
+1 604 647 1352
Michael Buchan
Michael Buchan
Principal
Avison Young
+1 604 647 5079
Chris Wieser
Chris Wieser
Principal
Avison Young
+1 604 647 5089
Kevin Murray
Kevin Murray
Vice President
Avison Young
+1 604 260 1873
Megan Low
Megan Low
Associate
Avison Young
+1 604 646 8389

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