The Commons is a two-building development comprising 199 units. The two low-rise wood frame buildings stand at four and six-storeys. The development is located in the heart of Willoughby Town Centre, walking distance to a growing list of retail, service, and community amenities.
"Centrally located in Willoughby, The Commons is surrounded by major entertainment options, shopping destinations, and convenient transportation links. Experience the dynamic energy of Langley's growth while enjoying unparalleled convenience and accessibility."
Zenterra Developments has priced units sharply in order for them to expediate its sales and construction process.
As such, this is a great opportunity for someone to take advantage of discounted prices (compared to market comparables), allowing their investment to grow over the next 2.5 years during the construction period, with the anticipation of interest rates to also normalize over this time period.
As for rental potential, Langley is ranked 14th most expensive market to rent in Canada according to the rentals.ca September Rental Report.
As of September 2023, the average one-bedroom condo rent is approaching $2,000 (growing nearly 4.2% over the month and 12% over the year), while two-bedroom rents are approaching $2,400.
Willoughby is fast becoming one the region's most exciting places to build. Affordability, access to transit, excellent schools and its location adjacent to Highway 1 have all contributed to its recent popularity.
Some of the region's largest developers have also taken notice of this community, with rumors of several highly-reputable Vancouver-based developers all seeking land in this area.
For more information on Willoughby, visit my neighbourhood profile: Willoughby, Langley
With homes starting at $444,900, secure your home today for as low as $44,490 (10%).
The building is scheduled to complete between late 2025 and early 2026.
Developed by Zenterra Developments - With many years of diverse experience between them, the partners at Zenterra have a proven track record for delivering outstanding results and providing unparalleled service. Based on honesty and integrity, Zenterra has earned the respect of other BC developers through continuously surpassing expectations. As specialists in single family and multi-family home construction, clients can breathe easily knowing that the Zenterra team has the dedicated expertise and insight necessary to create market-leading quality homes.
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