Varsity

20058 Fraser Highway, Langley, BC
Built 2012
230 units
Lowrise
1 active

About Varsity

Varsity offers modern lowrise living in the heart of Langley City, perfectly positioned on Fraser Highway for easy access to shopping, dining, and transit. This well-established 2012 wood-frame building features 230 thoughtfully designed units, making it an ideal choice for first-time buyers, young professionals, and investors. The central Langley City location provides convenient access to Willowbrook Shopping Centre, numerous restaurants, and essential services all within walking distance. Commuters will appreciate the proximity to major transit routes and easy highway access to Vancouver and Surrey. The neighbourhood offers a perfect blend of urban amenities and suburban tranquility, with nearby parks including Derek Doubleday Arboretum and Al Anderson Memorial Pool for recreation. Residents enjoy the vibrant community atmosphere of Langley City while benefiting from the building's modern construction and energy-efficient design. With its prime location and comprehensive amenities, Varsity represents an excellent opportunity for those seeking quality living in one of the Lower Mainland's most desirable growing communities.

Amenities

Bike Room
Recreation Facilities

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 $308,649 $341/mo 4.5%
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

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Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$464,000Median home value
$77,000Median household income
59.7%Owner-occupied
6%Single-detached homes
2.1Avg household size
35.6Median age
25.5%Bachelor's degree or higher (25-64)
56%Commute under 30 min
84.1%Drive to work
31%Foreign-born residents
5,729Neighbourhood population

Age

Under 15: 14.9%15 to 64: 71.6%65 and over: 13.5%
  • Under 1514.9%
  • 15 to 6471.6%
  • 65 and over13.5%

Household size

  • 1 person37.8%
  • 235.8%
  • 314.8%
  • 46.9%
  • 5 or more4.7%

Language spoken at home

67.6% English mother tongue

  • English + other4.3%
  • Punjabi3.9%
  • Tagalog3.9%
  • Spanish2.3%
  • Korean1.8%
  • Hindi1.2%
  • All others15%

Mother tongue, share of 5,710 residents.

How this pocket differs

  • fewer seniors 65+ than Langley City 13.4% vs 20%
  • notably fewer 4-person households than Langley City 6.9% vs 10.4%
  • fewer 5+ person households than Langley City 4.8% vs 6.4%
  • notably more Tagalog speakers than Langley City 3.9% vs 1.8%
  • notably more Punjabi speakers than Langley City 3.9% vs 2.4%
  • Median dwelling value is notably lower than Metro Vancouver $464,000 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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