20689 56 Avenue

Investment Overview

Avison Young is pleased to present the opportunity to acquire a mixed-use stratified rental property located at 20689 56 Avenue in Langley, BC. The Property comprises 12 residential units and one commercial retail unit, providing a diversified income stream and an attractive investment opportunity.

Well-positioned within the City of Langley, the Property offers convenient access to major transportation routes, public transit, shopping and everyday amenities. With a mix of residential and commercial income, the Property provides investors with stable in-place income and long-term growth potential within Langley’s evolving urban landscape.

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