Property Type: TownhouseOwnership: Strata

31 16511 WATSON DRIVE

Surrey, BC V4N6T7

$770,000

3 bed3 bath2 parking1,453 sqftBuilt 2020
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Amenities

Also listed: Laundry - In Suite, Air Conditioning

Property Details

Property & Lot

Sub-type
Row / Townhouse

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$339/mo
Annual property tax
$3,555.82 (2025)

Interior

Basement
None, Unknown
Heating
Heat Pump, Forced air
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view

Parking

Total spaces
2 — covered indicated
Features
Garage, Visitor Parking

Restrictions & Policies

Pets
Allowed
Rentals
Allowed

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

Listing Information

MLS®
R3135617
Listed
June 13, 2026
Time on market
On the market for 79 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: eXp Realty of Canada Inc. · Data source: CREA DDF.

Description

Set in the heart of Fleetwood, this 3-bedroom + den townhouse delivers modern living with thoughtful design and incredible outdoor space. The open layout blends a bright living area, electric fireplace, and large windows with a contemporary kitchen featuring quartz counters, gas stove, stainless appliances, soft-close cabinetry, built-in microwave, and a walk-in pantry. Upstairs, all three bedrooms sit together, including a spacious primary suite with a spa-inspired ensuite. The showstopper is the 650+ sq.ft. private rooftop deck-perfect for sunsets, gatherings, and effortless entertaining. With laminate flooring throughout and a double side-by-side garage, this home brings comfort and convenience steps to shopping, parks, transit, and the future SkyTrain. (id:63159)

Values & Trends

This listing

$530/sqft

Building average

No other active listings in this building

Surrey average

$504/sqft

920 active listing(s)

Parking: 2 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.

Townhouse Market Stats — Surrey

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

MLS® HPI Benchmark Price

$753,000

Jul 2026

Average Sale Price

$718,941

Jul 2026

Monthly Sales

67

Jul 2026

Active Listings

453

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

34 days

Jul 2026

MLS® HPI Benchmark Price

$960,200
$722,100
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Langley

Clear

13°C

Clear

Humidity 92%

Wind NW 4 km/h

Today

21°

Tonight

16°

Wednesday

19°

Wednesday night

14°

Thursday

18°

Thursday night

13°

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

15

2/9 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
William Watson ElementaryElementary323 m
Walnut Road ElementaryElementary570 m
Coast Meridian ElementaryElementary823 m
Frost Road ElementaryElementary1.1 km
Gobind Sarvar School(Independent)K-121.6 km
Holy Cross Regional High School(Independent)Secondary1.6 km
St Matthew's Elementary(Independent)Elementary1.6 km
Surrey Christian School(Independent)K-121.7 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
Eastbound Fraser Hwy @ 164 St212 m
Eastbound Fraser Hwy @ 166 St318 m
Westbound Fraser Hwy @ 166 St330 m
Westbound Fraser Hwy @ 164 St353 m
Westbound Fraser Hwy @ 168 St676 m

Nearby Places

Restaurants (1)

  • Chef's Kebab · Fraser Highway649 m

Parks (5+)

  • Coyote Springs Park125 m
  • Unnamed362 m
  • William Watson Park420 m
  • Bonnie Schrenk Park486 m
  • Walnut Park511 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 6.8% ($52,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$616,000.00
Periodic payment — Principal & Interest (monthly)$3,974.22
Additional monthly expenses (strata, tax, utilities, etc.)$708.42
Total monthly cost$4,682.64
Interest paid over 5-yr term$176,547.37
Balance at end of term$554,093.99

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$52,000
Stress test qualifying rate8.09%
Payment you must qualify for$5,521.17

Cash Needed at Closing

Minimum down payment$52,000
Estimated BC PTT$13,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$66,900

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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