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 20037 56 Avenue
Address
20049 56 Avenue
List Price
$499,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Langley
Sub-Area
Langley City
Bedrooms
4
Bathrooms
2
Half Bathrooms
1
Floor Area
1,800 Sq. Ft.
Main Floor Area
1000
Lot Size
5820 Sq. Ft.
Lot Size Dimensions
60 x 97
Lot Size (Acres)
0.13 Ac.
Lot Features
Central Location, Private, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
1800
Frontage Length
60
Year Built
1939
MLS® Number
R3124708
Listing Brokerage
Medallion International Realty Ltd.
Basement Area
Partially Finished, Exterior Entry
Postal Code
V3A 3Y3
Zoning
R1
Ownership
Freehold NonStrata
Parking
Detached, Open
Parking Places (Total)
6
Tax Amount
$5,902.10
Tax Year
2025
Site Influences
Balcony, Central Location, Private, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Balcony
Board Or Association
Fraser Valley
Heating
Yes
Heat Type
Natural Gas
Levels
Two
Number Of Floors In Property
2
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