Property Type: Condo / ApartmentOwnership: StrataRECENTLY LISTED

705 10523 UNIVERSITY DRIVE

Surrey, BC V3T5T8

$488,000

2 bed1 bath1 parking707 sqftBuilt 1994
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Amenities

Gym

Also listed: Storage - Locker, Laundry - In Suite, Sauna

Property Details

Property & Lot

Sub-type
Apartment
Style
Other
Stories
16

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$404/mo
Annual property tax
$2,057.3 (2026)

Interior

Basement
None, Unknown
Heating
Baseboard heaters
Fireplace
None
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave

Exterior & Lot

View
View

Building

Water source
Municipal water
Sewer
Sanitary sewer, Storm sewer
Utilities
Water, Electricity

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®
R3158908
Listed
August 26, 2026
Time on market
On the market for 6 days
Tax assessment year
2026
Data last synced
August 31, 2026

Listing provided by: 1NE Collective Realty Inc. · Data source: CREA DDF.

Description

Getting a 2 bedroom for the price of 1 bedroom, this must be the best value in all of Surrey Central! Experience vibrant downtown Surrey Central living in this fully renovated 2-bedroom, 1-bathroom corner unit featuring a spacious wrap-around balcony with stunning city views. Enjoy convenient access to SkyTrain, SFU Surrey Campus, shopping, dining, and everyday amenities. A well-managed strata adds peace of mind, making this an excellent opportunity for homeowners or investors. Don't miss your chance to see this stylish urban retreat. 1 Parking and 1 Storage Locker. Open House August 29th & 30th, 2-4pm. (id:63159)

Values & Trends

This listing

$690/sqft

Building average

$636/sqft

3 active listing(s)

Surrey average

$678/sqft

1113 active listing(s)

Parking: 1 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 SecondaryElementary431 m
K B Woodward ElementaryElementary605 m
Honour Secondary School(Independent)Secondary638 m
Old Yale Road ElementaryElementary831 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 Ave58 m
Northbound University Dr @ 104 Ave146 m
Northbound University Dr @ 105A Ave163 m
Westbound 104 Ave @ University Dr186 m
Eastbound 104 Ave @ University Dr257 m

Nearby Places

Restaurants (5+)

  • Kokoro Japanese Ramen House · 10418 University Drive174 m
  • D-Plus Curry House368 m
  • Freshii · 10305 City Parkway375 m
  • Rickshaw Chinese Food · 10505 King George Boulevard388 m
  • Dominion Bar & Kitchen397 m

Cafes (5+)

  • Take Five Café283 m
  • Prado Cafe · 13475 103 Avenue346 m
  • Huyen Cafe · 13551 105A Avenue347 m
  • Trees Organic Coffee & Cheesecake · 10299 University Drive385 m
  • Tim Hortons · 10277 City Parkway432 m

Grocery (5+)

  • Union Latino's Food · 13569 105A Avenue375 m
  • GG's African Caribbean Market · 10625 King George Boulevard468 m
  • Beauty 4 Ashes536 m
  • Daily Fresh537 m
  • Lucky Supermarket · 10628 King George Boulevard560 m

Parks (3)

  • Tom Binnie Park306 m
  • Whalley Athletic Park312 m
  • West Village Park · 13231 Central Avenue402 m

Shopping (2)

  • Central City Shopping Centre · 10153 King George Boulevard740 m
  • Walmart · 10153 King George Boulevard747 m

Gyms (2)

  • Chuck Bailey Recreation Centre · 13458 107A Avenue413 m
  • Planet Fitness · 10642 King George Boulevard580 m

Pharmacies (4)

  • Gain Pharmacy517 m
  • Pharmasave · 10654 King George Boulevard591 m
  • London Drugs · 10348 King George Boulevard598 m
  • Shoppers Drug Mart · 10835 City Parkway654 m

Banks & ATMs (5+)

  • TD · 10435 King George Boulevard393 m
  • Sharons Credit Union · 10541 King George Boulevard407 m
  • Bitcoin ATM Coinsite · 10252 City Parkway542 m
  • Instacoin ATM547 m
  • Vancity · 10293 King George Boulevard557 m

Nearby places data: © OpenStreetMap contributors.

School district: Surrey (SD36)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,400) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$390,400.00
Periodic payment — Principal & Interest (monthly)$2,518.73
Additional monthly expenses (strata, tax, utilities, etc.)$610.76
Total monthly cost$3,129.49
Interest paid over 5-yr term$111,889.76
Balance at end of term$351,166.06

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,400
Stress test qualifying rate8.09%
Payment you must qualify for$3,564.92

Cash Needed at Closing

Minimum down payment$24,400
Estimated BC PTT$7,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,660

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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