About Parkway Estates
Parkway Estates offers comfortable lowrise living in the heart of Langley City at 5360 205 Street. This well-established wood-frame building, constructed in 1988, features 53 thoughtfully designed units in a quiet residential setting. Located in one of Langley's most convenient neighborhoods, residents enjoy easy access to Willowbrook Shopping Centre, Langley Memorial Hospital, and excellent transit connections along 200th Street. The building's prime location puts you minutes from Highway 1 for commuting to Vancouver, while local amenities including parks, schools, and recreational facilities are all within walking distance. Parkway Estates combines the tranquility of suburban living with urban convenience, making it an ideal choice for first-time buyers, downsizers, and investors. The mature landscaping and well-maintained exterior create an inviting atmosphere in this desirable Langley City location. With its solid construction and established community feel, Parkway Estates represents excellent value in today's competitive real estate market.
Amenities
School Catchment
Investor Insights — Condos in Langley City
Estimated rental yields based on MLS data for condos in Langley City.
| Type | Beds | Avg Rent | Avg Sale | Strata | Net Yield |
|---|---|---|---|---|---|
| Condo | 1 | $1,735/mo | $311,285 | $338/mo | 4.4% |
| Condo | 2 | $2,302/mo | $407,845 | $459/mo | 4.6% |
| Condo | 3 | $3,150/mo | $712,583 | $710/mo | 3.5% |
Net yield accounts for strata fees, property tax, and insurance. View full analysis
1 active listing in Parkway Estates
No recent sales found for this building.
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Neighbourhood
Age
- Under 1510.2%
- 15 to 6453.6%
- 65 and over36.2%
Household size
- 1 person55.3%
- 227.7%
- 39.5%
- 44.8%
- 5 or more2.7%
Language spoken at home
76.8% English mother tongue
Mother tongue, share of 4,480 residents.
How this pocket differs
- notably more seniors 65+ than Langley City 36.2% vs 20%
- notably fewer children under 15 than Langley City 10.2% vs 15.3%
- notably fewer 5+ person households than Langley City 2.7% vs 6.4%
- notably fewer 4-person households than Langley City 4.8% vs 10.4%
- notably more people living alone than Langley City 55.4% vs 35.5%
- Median household income is notably lower than Metro Vancouver $46,400 vs $90,000
- Median dwelling value is notably lower than Metro Vancouver $400,000 vs $1,050,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
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