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$2.6M total
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Asset Class
Retail
Size
—
Building class
C
Zoning
CNC — Neighbourhood Commercial
$ / SF
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Occupancy
97%
Fabulous opportunity in Langley City's Historic Downtown Core! This prominent commercial/residential property fronts Fraser Highway and 56th Ave and features a rare dedicated parking lot with 15 parking spaces - an exceptional asset in this area. Zoned C-1 Downtown Commercial, the property offers significant future development potential, with the OCP permitting up to 47,000 sq. ft. of buildable area and a maximum 5.5 FAR. The Historic Downtown Core has recently received a beautiful revitalization, bringing renewed energy, increased pedestrian traffic and a vibrant mix of well-loved local businesses and exciting new additions. With the future SkyTrain adding to the area's connectivity and continued investment transforming downtown, this is an opportunity to secure a property in an evolving and sought-after location. Whether you're looking for a commercial investment, mixed-use opportunity or future redevelopment potential, this property offers an outstanding combination of location, parking & possibility. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$12K
Projected NOI
$173K
Annual cash flow
$29K
Cash-on-cash
3.66%
DSCR
1.20
Going-in cap
6.64%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
104,114
Households
42,621
Median income
$71,500
Median age
39.9
Daytime population
165,063
5-yr growth
6.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 20483 FRASER HIGHWAY, Langley.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.