116 5516 198 ST, Langley BC V3A 0A6, Langley, BC

$489,900
Est. Mortgage /mo

MLS® R2962919

Closed

$483,000
$499,999
Closed at 28 Apr 2025
Listing price: $489,900
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
2 Beds
1 Baths
0 Stories
$ 370.72 Maint. Fee
697 sqft
2008 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

Welcome to Madison Villas! This lovely 2 bed, 1 bath ground floor corner unit offers something truly special-extra windows & an elevated position above St level, providing more privacy & light. Enjoy the rare bonus of outdoor space, incl. a covered brick patio & a wrap-around grassed area, perfect for patio furniture & your BBQ. It’s an ideal spot for entertaining friends & family, & great for anyone with kids or pets. Located just mins away from parks, schools, shopping, public transport, & the future Skytrain, you'll have everything you need right at your doorstep. Easy access to Langley Bypass/Highway 10 makes commuting a breeze. The building offers great amenities incl. a gym, recreation room, & bike lockers. Plus, the unit comes with 2 side-by-side parking stalls & a storage locker!

General Info

Price $489,900
Total Bedrooms 2
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 697
Lot Size -
Lot Size Depth -
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 2008
Age Of Building 17
Building Type Apartment/Condo
Property Type Residential
Architecture Style Ground Level Unit
Stories 0
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Building Amenities Bike Room, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS # R2962919
Area Langley
Neighbourhood Langley City
City Langley
Gross Taxes $1,753.41
Ownership Type Freehold Strata
Maintenance Fee $370.72
Community Features Shopping Nearby
Amenities Nearby Bike Room, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal
Fixtures Included 1

Heating & Cooling

Fireplace 1
Heating Type Baseboard, Electric
Cooling Central Air, Air Conditioning

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Underground, Side Access, Garage Door Opener
Total Parking Spaces 2

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions -
Zoning RMS
Rental Suites None
Laundry In Unit
# of Kitchens 1
Flooring Laminate
Foundation Concrete Perimeter
Interior Features Elevator, Storage
Locker 1
View -
View Description -
Units In Development 69
Sewer Public Sewer, Sanitary Sewer
Roof Asphalt

Property History

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Status Date Price
Sold 04-28-2025 $489,900
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Listed by: Royal LePage - Wolstencroft & Royal LePage-Comox Valley (CV) (VIREB)

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
Langley Secondary School
3.13 km
No Rating
Middle
H. D. Stafford Middle School
1.92 km
No Rating
Elementary
Nicomekl Elementary School
Below Average
0.72 km
Rating 3.3/10

Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. School boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school.

Private Schools

Elementary
The Global School
0.14 km
No Rating
Secondary
Whytecliff Agile Learning Centre (Langley)
1.57 km
No Rating

Closest Transit

Translink
Eastbound 56 Ave @ 198 St
0.2 km

This home with address 116 5516 198 STREET, Langley BC V3A 0A6, Langley, BC is also serviced by Langley Secondary School and located 3.13 km from it. Langley Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 116 5516 198 STREET, Langley BC V3A 0A6 is The Global School with School's rating No Rating, located 0.14 km from this home.

The closest to this address 116 5516 198 STREET, Langley BC V3A 0A6 Secondary independent school is Whytecliff Agile Learning Centre (Langley) with School's rating No Rating, located 1.57 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 5,095 volation disturbances in this neighbourhood. The overall crime rate near the address - 116 5516 198 STREET, Langley BC V3A 0A6, Langley, BC is 18,344.49. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has High rate in 2020. Year by year change in the total crime rate is -16.68%

Drug crime rate next to the listing MLS® R2962919 is High comparing to other neighbourhoods. The illegal substances offences rating is 860.52. There were 239 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is -6.66%

Property crimes in the neighbourhood close to real estate listing for sale 116 5516 198 STREET, Langley BC V3A 0A6 are High. Property misconduct rating adjacent to MLS® R2962919 is 7,381.00. There were 2,050 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -26.88%

There were 619 violent lawbreaking disorders in 2020. 2,228.70 and it is Above Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is -19.73%

The closest Bus station is Eastbound 56 Ave @ 198 St in 0.2 km away from this listing with - MLS® R2962919.

13.1% of people with university certificate/degree live in this neighbourhood adjacent to the 116 5516 198 STREET, Langley BC V3A 0A6 which is Below Average in comparison with other BC neighbourhoods. 18.5% of population in this neighbourhood that is near the Listing MLS® R2962919 have no certificate or degree. This number is Average compared to the average in BC.

Median Household Income near this dwelling with the address 116 5516 198 STREET, Langley BC V3A 0A6, Langley, BC is $57173 which is Below Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2962919 is $34746 which is Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 76.2% which is High.

Unemployment rate in the area around Real Estate Listing # R2962919 is 7 which is Below Average in comparison to the other province neighbourhoods.

This real estate is located in 116 5516 198 STREET, Langley BC V3A 0A6 Langley City where population change between 2011 and 2016 was 17.6%. This is High in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 116 5516 198 STREET, Langley BC V3A 0A6, Langley, BC is 1868.6 which is Above Average people per sq.km.

Average size of families in the area adjacent to home for sale 116 5516 198 STREET, Langley BC V3A 0A6 is 2.6. This is Low number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2962919 is 50.4% and it is Below Average. % of Married or living common law is around 51% and it is Below Average.

Average age of the population close to the 116 5516 198 STREET, Langley BC V3A 0A6 is 40.4 . This percentage is Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 116 5516 198 STREET, Langley BC V3A 0A6, Langley, BC is $339291 and this is Average comparing to other areas in British Columbia

Average Owner payments are Average in the area adjacent to 116 5516 198 STREET, Langley BC V3A 0A6. $1203 owners spent in average for the dwelling. Tenants are paying $1031 in this district close to MLS® R2962919 and it is Average comparing to other cities.

47.4% of Population in this district near the 116 5516 198 STREET, Langley BC V3A 0A6 are Renters and it is High comparing to other BC cities and areas.

% of English and French speakers around real estate listing 116 5516 198 STREET, Langley BC V3A 0A6, Langley, BC is 4.8%, it is Below Average, % of English speakers only is 93.8% and Above Average. % of Neither English nor French speakers close to home for sale 116 5516 198 STREET, Langley BC V3A 0A6, Langley, BC is 1.4% and it is Average comparing to other BC cities.

7% of all population in the area around this property with the address 116 5516 198 STREET, Langley BC V3A 0A6, Langley, BC using Public Transport which is Below Average, 85.7% of using population are using Cars around MLS® R2962919, which is Average. 0% of people using Bicycles around the 116 5516 198 STREET, Langley BC V3A 0A6 and it is . 5.8% of population are walking which is Above Average

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 370.72
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $489,900
Langley $469,528
Langley City $469,528
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Call or Text Now!
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