Jericho Park Langley by Essence Properties: Pre-Sale Condos Review (2028)
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 32,748sqft of ground-floor retail and commercial space.
Jericho Park at a Glance
Starting Price
$489,900
Developer
Essence Properties
Total Homes
385
Completion
Summer/Winter 2027
Deposit
10%
Unit Types
1 Bed / 1 Bed + Den / 2 Bed / 3 Bed
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 (32,748sqft 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. If you're comparing Jericho Park to nearby alternatives, Vera is condo-only and sits closer to 216th Street, while Jericho Park's Willoughby address is more central but more car-dependent if you commute by transit. 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.
| Unit Type | Size | Price |
|---|---|---|
| 1 Bed | 526-607sqft | $489,900 |
| 1 Bed + Den | 542-622sqft | $519,900 |
| 2 Bed | 625-874sqft | $619,900 |
| 3 Bed | 830-973sqft | $753,900 |
At $499,900 for a 526sqft 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.
Run the Numbers on Jericho Park
Estimate your monthly payment before you commit. Plug in a price from the table above and see what it looks like at today's rates.
Mortgage CalculatorAmenities
Jericho Park is a mixed-use development with over 3,920sqft of indoor amenities and 22,000+ sq ft of outdoor space across 4 six-storey buildings. The ground floor adds 32,748sqft 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: 5,600sqft 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
Good Fit
- First-time homebuyers seeking new construction in an affordable market
- Investors looking for pre-sale appreciation potential in Langley
- Downsizers and retirees attracted to low-maintenance condo living
Not a Good Fit
- Buyers needing immediate occupancy before 2028
- Those uncomfortable with construction timelines and project risks
- Buyers requiring specific customization not available in pre-sale units
Jericho Park vs Alternatives
| Jericho Park | Solana | Vera | |
|---|---|---|---|
| Starting Price | $489,900 | $350K + GST | $459,000 + GST |
| Deposit | 10% | 10% (5% via Equity Edge) | 15% (3 tranches) |
| Location | Langley | Langley | Langley |
| Completion | 2028 | 2026 | 2028 |
| Developer | Essence Properties | Zenterra | Anxin Group |
| Type | Condos | Condos | Condos |
Considering Jericho Park or Another Langley New Home?
Bring the current price sheet and exact address. We can compare the contract, closing costs, ownership structure and nearby alternatives.
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
What colour schemes are available at Jericho Park? ▼
Jericho Park offers two interior design palettes: Willow (lighter, warm tones with natural finishes) and Onyx (darker, contrast-forward palette). Both include wide-plank engineered vinyl flooring, quartz countertops, subway tile backsplash, and Samsung appliances. Confirm current colour scheme availability with Essence Properties or your realtor at the time of purchase.
Does every unit include parking and storage? ▼
Parking inclusion depends on unit type. Confirm current parking and storage assignment details with Essence Properties before writing an offer, as allocations can change during the presale period.
What is the deposit structure and when is completion expected? ▼
Jericho Park requires 10% total deposit in two equal tranches: 5% on signing and 5% at six months. At $489,900 for a 1-bed, that is roughly $24,495 at signing and $24,495 six months later. Completion is estimated for Summer/Winter 2027. Presale completion dates can shift -- always confirm the current timeline directly with the developer and in your contract before purchase.
Featured Guides
- Pre-Sale vs Resale in LangleySide-by-side cost math on condos and townhomes.
- Deposit GuideHow BC pre-sale deposits work, including Equity Edge.
- GST Rebate GuideWhen GST applies to buying & if you can get it back.
- Pre-Sale WatchlistFree email updates on every Fraser Valley pre-sale launch.
Related Reading
Alex Dunbar Personal Real Estate Corporation
REAL Broker BC Ltd. | Living in the Lower Mainland
I help buyers compare Langley new homes against each other and against resale alternatives. If you are weighing Jericho Park against Solana, Vera, Eden, I'll give you honest numbers and a clear decision framework.
Sources & Further Reading
Sources: Developer marketing materials and applicable public agency guidance
Project details are based on developer marketing materials and public information reviewed for this article. They can change without notice. Confirm current pricing, availability, specifications and contract terms for the exact home before making a decision.
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