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NAI Commercial | Vancouver
NAI Commercial | Vancouver
NAI Commercial | Vancouver
NAI Commercial | Vancouver
Property Details
- Property Type Multi-Family
- Property Size 41,382 SF
- Units 39
- Lot Size 41,368 SF
- Taxes / YR $32,814.00
- Zoning RM2
- Year Built 1973
- Date Updated Jul 11, 2025
Constructed in 1973, Limerick Apartments is a well-maintained, three-storey wood-frame rental building comprising 39 suites on a generous 41,368 square foot lot. Over the years, the property has undergone consistent capital upgrades, including roof replacements, suite renovations in nearly all units, a new hot water tank, and refreshed exterior finishes such as tile, concrete, and brickwork. The building was also recently repainted, and all suites are equipped with breaker panels, reflecting ownership’s commitment to upkeep and operational efficiency. Stable in-place income and upside in rents offers an attractive opportunity for investors seeking secure cash flow.
Redevelopment Potential
5450 204th Street offers strong redevelopment potential under the City’s Official Community Plan (OCP), falling within the Transit-Oriented Residential land use designation. This designation is intended to support high-density residential development with limited ground-level commercial uses in areas with strong access to transit. The property is located approximately 550 metres from the future 204 Street SkyTrain Station, placing it well within walking distance and aligning with the City’s vision for compact, walkable communities around high-frequency transit. Under this land use designation, the site is eligible for multi-storey buildings up to 15 storeys, with a density range of 2.5 to 4.5 FAR, subject to bonusing provisions in the Zoning Bylaw. Permitted uses include multi-unit residential and mixed-use commercial-residential projects, making 5450 204th Street a highly strategic opportunity for transit-oriented redevelopment.
Reach out to the broker for more info on lease terms and amenities
Getting around
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95/100
Walk Score ®
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63/100
Transit Score ®
-
80/100
Bike Score ®
Location
- City Langley, BC
- Neighborhood Downtown Langley
- Postal Code V3A 1Z2
Points of Interest
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Maple Meadows
7.96 miles
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Port Haney
8.00 miles
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Shell Gas
0.51 miles
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Petro-Canada
0.57 miles
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Esso
0.62 miles
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Save on Gas
0.66 miles
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Chevron
0.75 miles
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Tesla Supercharger
0.87 miles
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Esso Gas
0.88 miles
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Langley City Square Wesgroup
0.98 miles
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Costco Gasoline
1.23 miles
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ChargePoint
1.27 miles
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Sendall Gardens Parking
0.66 miles
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Traveland RV Storage Lot
0.88 miles
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Airport Overflow Parking Lot
1.46 miles
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Impark
2.09 miles
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Hope Community Church Parking
2.84 miles
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Cloverdale United Church
3.67 miles
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Tennis Court Parking Lot (West)
3.81 miles
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Carvolth Park and Ride
4.05 miles
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North Valley Entrance
4.96 miles
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Coast Hotel and Convention Centre
0.30 miles
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Days Inn & Suites by Wyndham Langley
0.59 miles
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Best Western Plus Langley Inn
0.79 miles
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Westward Inn & Suites
1.22 miles
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Hampton Inn & Suites by Hilton Langley-Surrey
1.27 miles
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Travelodge by Wyndham Langley
1.53 miles
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Ramada by Wyndham Surrey/Langley
1.56 miles
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Princess and the Pea Bed & Breakfast
1.69 miles
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Canada's Best Value Inn Langley-Vancouver
2.07 miles
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Clydesdale Inn
3.53 miles
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Michael's nofrills
0.07 miles
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Langley Mall
0.10 miles
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Jack's
0.29 miles
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Value Village
0.31 miles
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Rainbow Mall
0.34 miles
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Saigon City Market
0.37 miles
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Holland Shopping Centre
0.39 miles
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M.E. Plaza
0.40 miles
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Save-On-Foods
0.49 miles
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College Court Plaza
0.56 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
