Property Type: Condo / ApartmentOwnership: Strata

1604 10523 UNIVERSITY DRIVE

Surrey, BC V3T5T8

$549,900

2 bed2 bath2 parking1,002 sqftBuilt 1996
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Amenities

Gym

Also listed: Storage - Locker, Shared Laundry

Property Details

Property & Lot

Sub-type
Apartment
Stories
16

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$453/mo
Annual property tax
$2,517.03 (2025)

Interior

Basement
Finished, Full
Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

View
City view, Mountain view, View (panoramic)

Parking

Total spaces
2 — uncovered indicated
Features
Underground, Other, Visitor Parking

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3127524
Listed
May 25, 2026
Time on market
On the market for 98 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Performance Realty · Data source: CREA DDF.

Description

Top floor Penthouse Corner unit with incredible views of city & mountain. You will love this home, featuring 13' high ceiling living & dining room, Spacious 2 bedrooms, 2 bathrooms, floor to ceiling high windows, plenty of natural light. It's situated on quiet side of building with huge balcony, ideal for your summer BBQ, Concrete, fully-rainscreened building with new piping, 2 side by side parking, huge storage locker, bike room, fitness room with sauna/steam room, safe & peaceful neighbourhood, onsite caretaker & well run strata. Incredible location, bus-stop right outside, few minutes walk to SKYTRAIN, Surrey Central shopping, SFU campus, hospital, Surrey Police headquarters, City Hall, library, schools, parks and so much more. (id:63159)

Values & Trends

This listing

$549/sqft

Building average

$683/sqft

3 active listing(s)

Surrey average

$678/sqft

1113 active listing(s)

Parking: 2 stall(s) includedStorage locker: Included

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

Mainly Clear

16°C

Mainly Clear

Humidity 78%

Wind S 3 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: 5.5% ($29,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$439,920.00
Periodic payment — Principal & Interest (monthly)$2,838.21
Additional monthly expenses (strata, tax, utilities, etc.)$712.97
Total monthly cost$3,551.19
Interest paid over 5-yr term$126,082.34
Balance at end of term$395,709.46

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$29,990
Stress test qualifying rate8.09%
Payment you must qualify for$3,997.93

Cash Needed at Closing

Minimum down payment$29,990
Estimated BC PTT$8,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$40,488

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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