103 15375 17 Avenue

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$2,120/mo

after all costs

−$986/mo

cap rate

2.9%

yearly net rent ÷ price

Costs: mortgage $2,201 · tax $199 · strata $502 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Surrey: CMHC's average there ($1,872) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Estimated tax up 3.8% from 2025 to 2026.

The listing shows $2,391 a year in property tax.

Estimate: the BC Assessment value times Surrey's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

• Rezoning for a 20 storey, 181 unit building

  290 m away · 2023 · concluded

  Rezoning from Single Family Residential Zone (RF) to Comprehensive Development Zone (CD) (based on Neighbourhood Commercial Zone (C-5) Multiple Residential Commercial 150 Zone (RM-150); Subdivision (Consolidation) from two (2) lots into one (1) lot; Town Centre Plan (TCP) Amendment to increase the building height from 16 storeys to 20 storeys and to allow a 6-storey podium higher than 18 metres; D

• Rezoning for a 6 storey, 66 unit building

  220 m away · 2023 · conditionally approved

  Rezoning from RF to CD (based on RM-70); Development Permit to permit the development of a six-storey apartment building consisting of 66 units; and Subdivision to consolidate 3 properties.

• Rezoning for a 6 storey building

  90 m away · 2023 · conditionally approved

  Official Community Plan Amendment to increase allowable density to 2.36; Rezoning from RF to CD (based on RM-70); Subdivision Consolidation of three lots into one lot; Development Permit to allow the development of a 6 storey 76 unit apartment building.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Surrey development applications.

listed now

69 days

median for 1018 condos for sale; this one 169 days

Condos in Surrey. Sale prices register 1 to 3 months after a sale closes.

the building's lot: 2,037 m² (21,926 sq ft) · PID 018-242-821. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.