12 20875 88th Ave, Langley BC – Townhouse for Sale – MLS® R3160723

12 20875 88th Avenue, Langley, British Columbia V1M 3K1

46 days on the market
$799,900
Est. Mortgage $3,539/mo
Listing updated:
EstateBlock checked:
Terrace Park
4 Beds
3 Baths
1843 sqft
434 $ /sqft
434.26 $ Maint. fee
1997 built
9.0% price reduction
46 days on the market
$799,900
$879,000
Est. $3,539/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 12 20875 88th Avenue

9.0% price reduction

Welcome to Terrace Park in desirable Walnut Grove! This spacious 1,843 sq ft townhome offers 3 large bedrooms up plus a 4th bedroom/media room down and 3 bathrooms. Updates include: gourmet kitchen featuring quartz counters, stainless steel appliances & custom island + lighting w vinyl plank flooring on the main. Enjoy A/C, gas fireplace, central vac & security system. Some TLC needed, a great opportunity to add your own finishing touches. Fully fenced south facing backyard. Double side-by-side garage offers Level 2 EV charging plus workshop/storage space. Recent roof & gutters. Pets welcome! Walk to WG Elementary, WG Senior Secondary, Rec Centre, parks, shops & restaurants. Please note: the home backs onto 88 Ave. Quick Hwy 1 access for commuters! A great place to call home! Call to view!

Interior Features

Basement Finished Area (sqft) 0
Basement Features Finished, Partial
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Central Vacuum
Fireplace 2
Heating Type Forced Air, Natural Gas
Cooling Air Conditioning
Laundry In Unit
# of Kitchens 1
Flooring Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, Balcony
Roof Asphalt
Structures Residential Attached

Building Details

Price $799,900
Total Bedrooms 4
Total Bathrooms 3
Full Bathrooms 2
Half Bathrooms 1
Floor Area Total (sqft) 1843
Year Built 1997
Age Of Building 29
Building Type Townhouse
Property Type Residential
Stories 2
Building Amenities Trash, Maintenance Grounds, Management, Snow Removal
Building Name Terrace Park
Ownership Type Freehold Strata
Maintenance Fee $434.26
Community Features Shopping Nearby
Amenities Nearby Trash, Maintenance Grounds, Management, Snow Removal
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Garage Double, Guest, Front Access, Garage Door Opener
Total Parking Spaces 2
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Suites None
Units In Development 30

Lot & Land

MLS® # R3160723
Area Langley
Neighbourhood Walnut Grove
City Langley
Postal Code V1M 3K1
Gross Taxes $3,005.62
Zoning CD-5

Property Timeline

Status Date Price
R3160723 / Active 09-02-2026 $799,900
Rooms
Floor Type Dimensions
Main Level Living Room 15'10 x 15'10 ft
Main Level Dining Room 11'6 x 11'6 ft
Main Level Kitchen 16'11 x 16'11 ft
Main Level Family Room 11'6 x 11'6 ft
Above Level Primary Bedroom 15'7 x 15'7 ft
Above Level Bedroom 11'0 x 11'0 ft
Above Level Bedroom 11'11 x 11'11 ft
Basement Level Bedroom 15'2 x 15'2 ft
Basement Level Foyer 5'10 x 5'10 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #2
Above Level Yes #3
Above Level No #4

Listed by: Homelife Benchmark Realty Corp.

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.

About the building: Terrace Park

20875 88 Avenue, Walnut Grove, Langley

Terrace Park building details

Building

Built
2004
Homes
30
Construction
Other, Frame - Wood
Title
Freehold Strata
Strata plan
LMS1912
Managed by
Self managed
Parking
Visitor Parking, Other, Garage: Double
Lockers
Limited
Strata fee covers
ManagementGardeningGarbage Pickup

Bylaws on record

Pets
Restricted
Cats and dogs OK, max 2
Rentals
Allowed

Market at Terrace Park

For sale
1
Median ask
$720K
Median $/sqft
$499
Days on market
41
This home

$434/sqft, 13% below the building median of $499.

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map & Neighbourhood

Public Schools

Elementary
Gordon Greenwood Elementary School
Average 0.9 km 6.7/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary, Secondary
King's School
Above Average 2.9 km 7.3/10
Elementary, Secondary
King's School
Above Average 2.9 km 7.3/10

Closest Transit

Bus Stop
Southbound 208 St @ 88 Ave
0.19 km
Skytrain
Skytrain @ Clayton Station ( Under Construction till 2029)
6.01 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Below Average 23.1%
No Certificate/Degree
Average 12.8%
Owner Occupied
Average 65.1%
Employment Rate
Average 58%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

74 / 100
Overall sell-speed score
Likely within weeks
—
Price competition grade
No comparable data
Seller's
Market conditions
Seller's market — high demand area
Flood Risk
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 6.01 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How WALNUT GROVE compares
This property
46 DOM
Listed
Walnut Grove avg
—
—
Langley avg
—
—

12 20875 88th Avenue has a sell-speed score of 74/100, placing it in the "Expected to sell within weeks" band. The listing is has limited comparable pricing data available. The local market is currently a Seller's Market with a sales-to-active ratio of 23.3% — buyers are active. With only 266 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Climate Risk for V1M 3K1

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V1M 3K1, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.6 µg/m³ — meets WHO 2021 guideline. Nearest station: Surrey East, Surrey (~5 km). Annual avg AQHI 1.8 — Low Risk.

Heat Moderate

Langley - District currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~9 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30.1 °C baseline, ~32.7 °C projected. Tropical nights (>18 °C): ~0 baseline, ~1 projected.

Precipitation Increasing

Annual precipitation ~1517 mm (1981–2010 baseline), projected ~1577 mm by the 2050s. Extreme 1-day rainfall: ~52.1 mm baseline, ~57.8 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Restaurants (12 nearby)

  • Subway · 296 m · Fast Food
  • Sushi asakusa · 310 m · Restaurant
  • K-bunsik · 394 m · Restaurant

Shopping (11 nearby)

  • Pharmasave · 279 m · Pharmacy
  • Walnut grove · 280 m · Post Office
  • Kascade coin laundry · 404 m · Laundry

Cafes (6 nearby)

  • Bubble world · 367 m · Cafe
  • Gourmet donuts & coffee · 405 m · Cafe
  • Otreat · 534 m · Cafe

Groceries (3 nearby)

  • Circle k · 325 m · Convenience
  • Bc liquor store · 479 m · Beverages
  • Save-on-foods · 563 m · Supermarket

Healthcare (2 nearby)

  • Pharmasave · 279 m · Healthcare
  • Grove pharmacy · 724 m · Healthcare

Gyms (1 nearby)

  • Walnut grove community centre · 200 m · Gym

Transit (1 nearby)

  • Bus stop northbound 212 st @ 92 ave · 994 m · Transit

Schools NearBy

14 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Walnut Grove Secondary

Public

Grades Served

—

Catchment Info

—
7.8 / 10

Distance

374 m

Alex Hope Elementary

Public

Grades Served

—

Catchment Info

—
8.0 / 10

Distance

774 m

James Kennedy Elementary School

Public

Grades Served

K-7

Catchment Info

—
5.8 / 10

Distance

837 m

Gordon Greenwood Elementary School

Public

Grades Served

K-7

Catchment Info

In Catchment
6.7 / 10

Distance

902 m

Yorkson Creek Middle School

Public

Grades Served

6-8

Catchment Info

—
6.4 / 10

Distance

980 m

Lynn Fripps Elementary School

Public

Grades Served

K-5

Catchment Info

—
6.1 / 10

Distance

1.23 KM

Dorothy Peacock Elementary School

Public

Grades Served

K-7

Catchment Info

—
6.2 / 10

Distance

1.34 KM

West Langley Elementary School

Public

Grades Served

K-7

Catchment Info

—
6.4 / 10

Distance

1.38 KM

Willoughby Elementary School

Public

Grades Served

K-5

Catchment Info

—
7.1 / 10

Distance

1.72 KM

Josette Dandurand Elementary

Public

Grades Served

—

Catchment Info

—
6.1 / 10

Distance

1.91 KM

Richard Bulpitt Elementary School

Public

Grades Served

K-5

Catchment Info

—
6.6 / 10

Distance

2.15 KM

Peter Ewart Middle School

Public

Grades Served

—

Catchment Info

—
5.6 / 10

Distance

2.50 KM

R E Mountain Secondary

Public

Grades Served

—

Catchment Info

—
6.9 / 10

Distance

2.74 KM

King's School

Independent

Grades Served

K-12

Catchment Info

—
7.5 / 10

Distance

2.90 KM

Walkability & Transit Near 12 20875 88th Avenue

Walk Score Badge
Car-Dependent 79

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 39

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
72

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 12 20875 88th Avenue

2026 assessed value, sourced from City of Langley open data (PID 023-049-561).
Total Assessed Value (2026)
$831,000
-2.2% YoY
-1.2%/yr over 2 yr
2024 Value Trend 2026
Land
$649,000
Buildings
$182,000
Year Built
N/A
Class
039
Zoning
CD-5
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $649,000 $182,000 $831,000
-2.2%
2025 $664,000 $186,000 $850,000
-0.2%
2024 $666,000 $186,000 $852,000 —

Mortgage Calculator for 12 20875 88th Avenue

/month
Principal & Interest
Property Taxes $250
Maintenance fee 434.26
With a 20% down payment, buyers can expect an estimated $3,739/month in total housing costs on this $799,900 property — $3,055 mortgage payment, $250 property tax, $434 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
Based on $2,818/month estimated rent and $3,789/month in total housing costs, this property has a -$972/month cashflow. Break-even down payment: approximately 46%.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 12 20875 88th Avenue, Langley

Buy Vs Rent Calculator

— / month
Rent —
Own —
Principal: — Interest, tax, insurance, fees: —

Rent vs own

—

Principal paid off by year 5 —
Principal paid off by year 10 —

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Price vs Neighbourhood Average — Walnut Grove, Langley

Beds Home Types Square Feet Lot Size Year Built
This Home $799,900
Langley Loading...
Walnut Grove Loading...

No active comparable properties are currently available for this property type in Langley. The price evaluation chart will update as similar listings enter the market. This property is flagged as a Hot Deal (9.0% price reduction) based on its competitive pricing and market demand.

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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 12 20875 88th Avenue

Walk Score Badge
Car-Dependent 79

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 39

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
72

Bike Score - Very Bikeable

Biking is convenient for most trips

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