Property Type: Condo / ApartmentOwnership: Strata

404 10899 UNIVERSITY DRIVE

Surrey, BC V3T5V2

$299,000

1 bed1 bath1 parking535 sqftBuilt 1995
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$322/mo
Annual property tax
$1,648.15 (2025)

Interior

Basement
None, Unknown
Heating
Baseboard heaters, Electric
Fireplace
Yes (1)

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed with restrictions

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

Listing Information

MLS®
R3146820
Listed
July 15, 2026
Time on market
On the market for 47 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal LePage West Real Estate Services · Data source: CREA DDF.

Description

WOW!! The OBSERVATORY. Opportunity here - bring your paint brush. A great one bedroom, one bath home featuring laminate floors, nice 7'x3' balcony. Location is prime for transit, recreation centre, shopping, restaurants and more. Building features gym, sauna, swirl pool/hot tub. (id:63159)

Values & Trends

This listing

$559/sqft

Building average

$551/sqft

4 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

67

7/9 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
K B Woodward ElementaryElementary754 m
Kwantlen Park SecondaryElementary935 m
Honour Secondary School(Independent)Secondary1.0 km
James Ardiel ElementaryElementary1.1 km
Forsyth Road ElementaryElementary1.1 km
Surrey TraditionalElementary1.3 km
Our Lady of Good Counsel(Independent)Elementary1.3 km
Old Yale Road ElementaryElementary1.5 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
Gateway Station @ Bay 196 m
Gateway Station @ Platform 2113 m
Gateway Station @ Platform 1116 m
Gateway Station @ Bay 3142 m
Gateway Station @ Bay 2180 m

Nearby Places

Restaurants (5+)

  • Di Reggae Cafe · 13593 King George Boulevard430 m
  • Alebi African Cuisine · 10694 135A Street487 m
  • Taqueria Jalisco Mexican Restaurant · 10675 King George Boulevard518 m
  • Goto Moto & Huong Que · 10673 King George Boulevard525 m
  • Guacamole Mexican Grill · 10671 King George Boulevard541 m

Cafes (3)

  • Waves Coffee House · 10777 University Drive128 m
  • Ken's Tea House · 10692 135A Street479 m
  • Huyen Cafe · 13551 105A Avenue674 m

Grocery (5+)

  • Nesters Market · 10835 City Parkway162 m
  • African Superstore446 m
  • Beauty 4 Ashes533 m
  • GG's African Caribbean Market · 10625 King George Boulevard624 m
  • Union Latino's Food · 13569 105A Avenue691 m

Parks (2)

  • Whalley Athletic Park435 m
  • Tom Binnie Park459 m

Gyms (2)

  • Chuck Bailey Recreation Centre · 13458 107A Avenue363 m
  • Planet Fitness · 10642 King George Boulevard688 m

Pharmacies (3)

  • Shoppers Drug Mart · 10835 City Parkway182 m
  • Gain Pharmacy511 m
  • Pharmasave · 10654 King George Boulevard671 m

Banks & ATMs (2)

  • TD · 10835 City Parkway157 m
  • Sharons Credit Union · 10541 King George Boulevard744 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$239,200.00
Periodic payment — Principal & Interest (monthly)$1,543.24
Additional monthly expenses (strata, tax, utilities, etc.)$486.24
Total monthly cost$2,029.47
Interest paid over 5-yr term$68,555.41
Balance at end of term$215,161.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,184.25

Cash Needed at Closing

Minimum down payment$14,950
Estimated BC PTT$3,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$20,430

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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