20689 56 Avenue

Investment 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 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