Jericho Park Langley by Essence Properties: Pre-Sale Condos Review (2028)

Jericho Park is a mixed-use presale condo development by Essence Properties at 19925 78B Ave, Willoughby, Langley. 385 homes across four 6-storey buildings, with 1-bed to 3-bed floor plans from $489,900. Includes 32,748 sq ft of ground-floor retail and commercial space.

Jericho Park at a Glance

Should You Buy at Jericho Park?

Jericho Park is a compelling option for buyers who want new construction in Willoughby at a price point that still includes three-bedroom suites under $760,000. The developer, Essence Properties, has 18+ years operating in Metro Vancouver with Ciccozzi Architecture handling design -- a pairing with a track record in Langley midrise. The mixed-use format (32,748 sq ft of retail below residential) is a differentiator: cafes and daily-use services built into the podium add convenience that pure residential towers cannot match.

The deposit structure is buyer-friendly at 5%+5% (10% total in two tranches six months apart). At $489,900 for a 1-bed, that is $24,495 at signing and another $24,495 at month six -- manageable compared to the 15% structures common on competing Langley projects. Current incentives include a $20,000 credit, free parking assignment, 0% assignment fee, and a capped 5% deposit.

The main cautions: mixed-use buildings carry slightly more complex strata arrangements than pure residential towers (commercial strata council dynamics can differ from residential), and Summer/Winter 2027 completion means two years of carrying costs if you are renting while waiting. Buyers comparing Jericho Park to nearby alternatives should note that The Commons and Vera are both condo-only projects closer to 216th Street -- Jericho Park's Willoughby address is more central but also more car-dependent for transit commuters. Talk to Alex about fit for your situation before writing an offer.

Location: Jericho, Langley

Jericho Park sits at 19925 78B Avenue (also fronted by 199A Street and 78B Avenue) in Willoughby, Langley -- one of the Fraser Valley's fastest-growing suburban neighbourhoods. Willoughby has matured into a walkable community with grocery, restaurants, schools, and parks within minutes. Highway 1 access is under 10 minutes from the site, and Carvolth Exchange bus loop connecting to the Expo Line is approximately 3 km away. The ground-floor retail at Jericho Park itself adds cafes and daily-use shops within the building.

Pricing & the Math That Actually Matters

Starting from $499,900. Prices shown are asking prices; confirm current availability with Essence Properties. All prices before GST.

At $499,900 for a 526 sq ft 1-bedroom, Jericho Park sits in a Langley midrise that targets young families and investors. Estimated completion Summer/Winter 2027.

Deposit Structure

Jericho Park requires a 10% total deposit paid in two tranches: 5% on signing and 5% at 6 months. At $489,900 for a 1-bed, that works out to roughly $24,495 at signing and $24,495 six months later. Strata fees are estimated at $0.44 per sq ft per month. Contact Essence Properties or your realtor for current deposit terms before writing an offer.

Amenities

Jericho Park is a mixed-use development with over 3,920 sq ft of indoor amenities and 22,000+ sq ft of outdoor space across 4 six-storey buildings. The ground floor adds 32,748 sq ft of retail and commercial space including cafes and daily-use shops.

Indoor: social lounge with kitchen, fitness studio, yoga space, work and study rooms, sports simulator room (golf and more), multi-purpose room, automated parcel delivery (Snaile system), 1VALET smart building technology, bike maintenance workshop, and a pet washing area.

Outdoor: 5,600 sq ft rooftop terrace with BBQ area and fire pit, children's play area, dog walk zones, waterfall feature, communal garden plots, a central landscaped courtyard, and a 3-level underground parkade with secure bike storage.

Interior finishes: buyers choose between two designer colour schemes -- Willow (lighter, warm tones) and Onyx (darker, moody palette). Standard finishes include wide-plank engineered vinyl flooring, quartz countertops with subway tile backsplash, soft-close cabinetry, Samsung appliance package (fridge, range, dishwasher, microwave), and frameless glass shower enclosures. Confirm current finish selections with Essence Properties before signing.

Who Should Buy at Jericho Park

Jericho Park vs Alternatives

Considering Jericho Park or another Langley pre-sale?

What the Developer Won't Put on the Brochure

1. Construction Delays

Pre-sale condos frequently experience completion delays due to labour shortages, supply chain disruptions, or unforeseen site conditions. Your occupancy date may shift by months or years.

2. Market Risk

Real estate values can decline between purchase and completion. You may end up owing more than your unit is worth at occupancy, with limited legal recourse.

3. Strata Fees and Hidden Costs

Developers often underestimate strata fees and property taxes. Actual monthly costs at occupancy may be significantly higher than initial projections, affecting affordability.

Frequently Asked Questions

Related Reading

• Solana
  Condos in Langley.
• The Commons
  Condos in Langley.
• Aviva
  Townhomes in Langley.

Featured Guides

• Pre-Sale vs Resale in Langley
  Side-by-side cost math on condos and townhomes.
• Deposit Guide
  How BC pre-sale deposits work, including Equity Edge.
• GST Rebate Guide
  When GST applies to buying & if you can get it back.
• Pre-Sale Watchlist
  Free email updates on every Fraser Valley pre-sale launch.

Alex Dunbar Personal Real Estate Corporation

REAL Broker BC Ltd.  |  Living in the Lower Mainland

I help buyers compare Langley pre-sale projects against each other and against resale alternatives. If you are weighing Jericho Park against Solana, The Commons, Vera, I'll give you honest numbers and a clear decision framework.

Book a Call Instagram YouTube Website Email ★ Google Reviews