20037 56 Avenue, Langley Listing #: R3124705
$2,999,000
4 Beds
2 Baths
1,618 Sqft
23,500 Lot SqFt
1935 Built
Prime redevelopment opportunity in a rapidly growing area. Development Application in place for a proposed 90-unit condominium project with City requirements addressed, 6-Storey proposal with City policy allowing up to 12-Storey Building. Creek setbacks approved by Fisheries and Oceans Canada and supported by a QEP and Geotechnical consultant. Highly efficient design with approx. 84% saleable area (54,650/65,037sqft) maximizing buildable yield while maintaining cost efficiency. Transit-oriented location allows for reduced parking requirements, further enhancing density and overall project viability. Low-cost, high-upside investment—build & sell, build & hold, or generate strong long-term rental income and cash flow. Must be sold in conjunction with neighbouring property at 20049 56 Avenue.
Taxes (2025): $17,095.14
Amenities
- Shopping Nearby
- Balcony
- Private Yard
Site Influences
- Shopping Nearby
- Balcony
- Private Yard
- Central Location
- Recreation Nearby
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Listed By: Medallion International Realty Ltd.
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