Property Type: Condo / ApartmentOwnership: Strata

1206 10523 UNIVERSITY DRIVE

Surrey, BC V3T5T8

$469,900

1 bed1 bath1 parking697 sqftBuilt 1994
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Amenities

Also listed: Recreation Centre, Sauna, Whirlpool

Property Details

Property & Lot

Sub-type
Apartment
Stories
14

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$380/mo
Annual property tax
$1,942.4 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

View
City view

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Listing Information

MLS®
R3130272
Listed
June 1, 2026
Time on market
On the market for 91 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Century 21 Coastal Realty Ltd. · Data source: CREA DDF.

Description

Beautifully updated 12th floor South-facing unit with exceptional views! This Bright 1 Bed + DEN 1 Bath condo spacious home features new flooring and a fully renovated bathroom completed, along with all new appliances. Enjoy a functional layout with tile entry, tile flooring in the kitchen and bathroom, in-suite laundry, blinds, and a well-appointed kitchen. Good side balcony to enjoy the view. Amenities include a residents' lounge, multi-function room, sauna, and more. the heart of Surrey City Centre! This vibrant hub is just steps from the Skytrain, Bus loops, SFU, Kwantlen University, shopping, restaurants, banks, parks & a rec centre! (id:63159)

Values & Trends

This listing

$674/sqft

Building average

$641/sqft

3 active listing(s)

Surrey average

$678/sqft

1113 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Apartment Market Stats — Surrey

Monthly figures from the Fraser Valley Real Estate Board for Surrey apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$474,100

Jul 2026

Average Sale Price

$470,719

Jul 2026

Monthly Sales

16

Jul 2026

Active Listings

219

Jul 2026

Sales-to-Active Ratio

7.0%

Jul 2026

Median Days to Contract

34 days

Jul 2026

MLS® HPI Benchmark Price

$598,400
$434,400
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Langley

Clear

14°C

Clear

Humidity 87%

Wind S calm km/h

Tonight

14°

Tuesday

21°

Tuesday night

16°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

568,322

(2021 Census)

+9.7% since 2016

Density: 1,797.9/km²

Dwellings: 195,098

Median household income: $98,000

After-tax: $87,000

Immigrant population: 44.6%

Top countries of origin (% of total population)

  • India16.9% · 95,905
  • Philippines5.2% · 29,510
  • China4.2% · 23,850
  • United Kingdom1.5% · 8,320
  • Korea, South1.2% · 6,995
  • Viet Nam1.1% · 6,425
  • Pakistan1% · 5,710
  • Taiwan1% · 5,540

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

56

8/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Kwantlen Park SecondaryElementary429 m
K B Woodward ElementaryElementary588 m
Honour Secondary School(Independent)Secondary652 m
Old Yale Road ElementaryElementary847 m
Our Lady of Good Counsel(Independent)Elementary1.1 km
Forsyth Road ElementaryElementary1.1 km
A H P Matthew ElementaryElementary1.6 km
James Ardiel ElementaryElementary1.6 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Southbound University Dr @ 105A Ave35 m
Northbound University Dr @ 105A Ave141 m
Northbound University Dr @ 104 Ave172 m
Westbound 104 Ave @ University Dr207 m
Eastbound 104 Ave @ University Dr282 m

Nearby Places

Restaurants (5+)

  • Kokoro Japanese Ramen House · 10418 University Drive200 m
  • D-Plus Curry House393 m
  • Rickshaw Chinese Food · 10505 King George Boulevard398 m
  • Freshii · 10305 City Parkway400 m
  • Dominion Bar & Kitchen423 m

Cafes (5+)

  • Take Five Café310 m
  • Huyen Cafe · 13551 105A Avenue348 m
  • Prado Cafe · 13475 103 Avenue372 m
  • Trees Organic Coffee & Cheesecake · 10299 University Drive410 m
  • Tim Hortons · 10277 City Parkway458 m

Grocery (5+)

  • Union Latino's Food · 13569 105A Avenue376 m
  • GG's African Caribbean Market · 10625 King George Boulevard464 m
  • Beauty 4 Ashes527 m
  • Lucky Supermarket · 10628 King George Boulevard559 m
  • Daily Fresh563 m

Parks (3)

  • Whalley Athletic Park286 m
  • Tom Binnie Park288 m
  • West Village Park · 13231 Central Avenue412 m

Shopping (2)

  • Central City Shopping Centre · 10153 King George Boulevard766 m
  • Walmart · 10153 King George Boulevard774 m

Gyms (2)

  • Chuck Bailey Recreation Centre · 13458 107A Avenue394 m
  • Planet Fitness · 10642 King George Boulevard577 m

Pharmacies (4)

  • Gain Pharmacy507 m
  • Pharmasave · 10654 King George Boulevard588 m
  • London Drugs · 10348 King George Boulevard619 m
  • Shoppers Drug Mart · 10835 City Parkway633 m

Banks & ATMs (5+)

  • TD · 10435 King George Boulevard410 m
  • Sharons Credit Union · 10541 King George Boulevard412 m
  • Bitcoin ATM Coinsite · 10252 City Parkway568 m
  • Instacoin ATM573 m
  • Vancity · 10293 King George Boulevard582 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$375,920.00
Periodic payment — Principal & Interest (monthly)$2,425.31
Additional monthly expenses (strata, tax, utilities, etc.)$576.43
Total monthly cost$3,001.73
Interest paid over 5-yr term$107,739.75
Balance at end of term$338,141.26

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,495
Stress test qualifying rate8.09%
Payment you must qualify for$3,432.70

Cash Needed at Closing

Minimum down payment$23,495
Estimated BC PTT$7,398
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,393

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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