Varsity

20062 Fraser Highway, Langley, BC
Built 2013
63 units
Lowrise
2 active

About Varsity

Varsity at 20068 Fraser Highway offers modern lowrise living in the heart of Langley City. This well-maintained wood-frame building, constructed in 2013, features 63 thoughtfully designed units in one of the Fraser Valley's most desirable locations. Residents enjoy easy access to Langley's vibrant downtown core, with shopping, dining, and entertainment options just steps away. The Fraser Highway corridor provides excellent transit connections to Vancouver and Surrey, making it ideal for commuters. Nearby amenities include Langley Memorial Hospital, Douglas Park, and the Langley Events Centre. The building's prime location offers the perfect balance of suburban tranquility and urban convenience, with close proximity to schools, recreational facilities, and major transportation routes. Varsity represents an excellent opportunity for first-time buyers and investors seeking quality construction and a strong community atmosphere in Langley City's growing real estate market.

Amenities

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 List Price Strata Net Yield
Condo 1 $1,708/mo $386,947 $338/mo 3.4%
Condo 2 $2,278/mo $491,788 $461/mo 3.7%
Condo 3 $2,916/mo $639,675 $582/mo 3.7%

Net yield accounts for strata fees, property tax, and insurance. View full analysis

Thinking of selling in Varsity?

Find out what your home here could sell for in today's market.

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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