About Parkway Ii
Welcome to Parkway II, a well-established wood frame lowrise condominium nestled in the heart of Langley City at 5363 206 Street. Built in 1989, this intimate 42-unit building offers a sense of community and a relaxed suburban lifestyle that appeals to first-time buyers, downsizers, and savvy investors alike. Situated in one of the Fraser Valley's most accessible and growing communities, residents enjoy easy access to Langley City's vibrant downtown core, featuring local boutiques, restaurants, cafés, and essential services just minutes away. The Langley Events Centre, Brydon Lagoon Park, and the Nicomekl River trail system are all within close reach, perfect for those who love the outdoors. Commuters will appreciate the convenient access to Highway 1 and Fraser Highway, connecting you effortlessly to Surrey, Abbotsford, and beyond. With strong transit links and ongoing infrastructure investment in the Langley area, Parkway II represents an excellent opportunity to own in a neighbourhood that continues to thrive and grow.
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 | $1,718/mo | $323,855 | $339/mo | 4.2% |
| Condo | 2 | $2,310/mo | $414,539 | $460/mo | 4.5% |
| 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 Ii
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.