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Receive more information about The Terraces
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cannot interfere. If you choose to work with our area specialist instead, please click “NO” and continue with the request form. Change answer to "No" I am not working with a realtor
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MLS® Disclaimer for BC: 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
The Terraces - 19789 55 Avenue, Langley, BC V3A, Canada. Crossroads are 198 Street and 55 Avenue. A stunning collection of 28 city homes situated in the heart of the city of Langley. Choose from three bedroom, three bedroom + flex space, and four bedroom plans. Estimated completion in 2018. Developed by Waterstock Properties. Maintenance fees include gardening, management, and snow removal.
An inspired new development where city style meets country spirit. Close to the comforts of the city, yet just removed enough to allow one to wind down in superior comfort after a long day. Every aspect of these city homes are designed and built with modern living in mind. Whether it's the incredible architecture that blends seamlessly into its environment or generous interiors that utilize every inch of space to allow for an effortless and elevated living space.
The closest park is Brydon Park. Schools nearby are Relevant High School, Diamond Elementary School, Douglas Park Community School, Nicomekl Elementary, Blacklock Fine Arts Elementary, H.D. Stafford Middle School, and Media Centre. Grocery stores and supermarkets nearby are Michael's No Frills, Save-On-Foods, Safeway, H-Mart, Real Canadian Superstore, and Glenn's No Frills. Short drive to Willowbrook Shopping Centre, Langley Regional Airport, and City of Langley Library.
Other buildings in complex: The Terraces Three - 19760 55 Ave, , The Terraces - 19789 55 Ave, The Terraces Two - 19790 55A Ave
The RE/MAX® brand delivers notable advantages – for agents with a RE/MAX brokerage
As the 2024 RE/MAX vs. The Industry report shows, RE/MAX agents are the most productive, meaning they close more transaction sides than other real estate agents, on average. In fact, RE/MAX agents closed an average of 11.8 transaction sides throughout 2023, nearly double that of the competition
But productivity isn’t the only place RE/MAX shines. The annual report, which ranks the results of national, full-service brokerage brands in the U.S., also highlights that the balloon-backed brand dominated in unaided brand awareness at 36.4%.
Canadian mortgage payments went from virtually nothing to very high
Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the increase in the average mortgage payment on file at Equifax. This was true in most of Canada’s largest cities, especially in Eastern Canada where the average household’s payment significantly lagged home price growth.
Canadian Home Values Climbed Faster Than Mortgage Payments
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
Large ENERGY STAR® windows throughout for maximum light
2" faux wood blinds throughout
Engineered European Oak hard wood floors
Contemporary, flat-stock wood baseboards and door casings
Plush carpeted floors
Contemporary 48” electric fireplace by Hampton Bay with user friendly remote and digital temperature display.
Modern, streamlined solid core Madison doors by Jeld-wen to all bedrooms and bath
Kitchen
Stainless steel appliances by Whirlpool, including a 5-burner gas range and convection oven, a refrigerator with bottom-mount, freezer drawer, and a dishwasher with AccuSense® Sensor Cycle
Contemporary, slide out range hood in stainless steel by Broan
Choice of white, Shaker-style cabinets or slab door cabinets with chrome hardware and soft-close doors & drawers
Polished Quartz countertops with tile backsplash
Deep, double-bowl under mount sink
Single-lever, gooseneck pull down faucet with integrated spray function by Symmons
Bathroom
Choice of white, Shaker-style cabinets or slab door cabinets with chrome hardware and soft-close doors & drawers
Tile floors and bath/shower surround
Single-lever, polished-chrome faucet, shower head and trim by Symmonds
Under mount, drop-in or vessel sinks
Ultra contemporary polished chrome tub/shower set by Symmons
Matching accessories by Symmons Duro Series
Timeless modern toilet by Davit
Powder room on main or ground floor
Ensuite
Double vanity with under mount
sinks, polished Quartz countertop and backsplash
Ceramic tile floor and shower surround
Ultra contemporary polished chrome shower system by Symmons
Standard walk-in double shower with 6 mm frameless glass enclosure (Platinum Upgrade: 10 mm frameless glass enclosure)
Exteriors
Westcoast contemporary style architecture
James HardiePlank® and HardiePanel® siding with cedar wood and cultured stone accents
Northwest garage door with Liftmaster chain garage door opener and two remotes
Front and rear hose-bibs
Spacious private landscaped terraces with lighting
Lush landscaping, flowering shrubs, plants and grasses
Amenities
Dedicated visitor parking on site
Easy access to the nearby Brydon Creek trail system
Near Nicomekl Elementary School, HD Stafford Middle School, Langley Secondary School and Langley Fundamental Middle & Secondary
Walking distance to shopping, restaurants, and parks
Close to major commuter and transit routes
Features/Amenities from other sources
Exterior Lighting
In Suite Laundry
Rooftop Deck
Maintenance Fees Include
Gardening
Management
Snow Removal
Restrictions
RENTALS ALLOWED
Restrictions updated:
January 2011
Construction Information
Year Built
2018
Levels
3
Construction
Frame - Wood
Roof
Other
Foundation
Concrete Perimeter
Exterior Finish
Other
Strata Information
Strata Plan #
Title to Land
Freehold Strata
Units in Development: 28
Units in Strata: 28
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