105 11035 Ravine Road

Surrey · MLS® R3177470

all units at 11035 Ravine Rd →

111

566 sq ft · Condo · Single Family · built 2026 · listed today

listed by Ashar Siddiqui, Century 21 Coastal Realty Ltd.

realtor's description

SECURE WITH ONLY A 5% DEPOSIT!! 1 Bedroom unit at Ledgeview 2 by Quadra Homes! This GROUND-FLOOR UNIT features 9' ceilings with oversized windows for exceptional natural light. Modern finished includes acoustic vinyl wood-grain plank flooring, heated tile bathroom floors, quartz countertops, and a chef-inspired kitchen with natural gas range and premium stainless steel appliances. Built with sound-dampering ceilings insulation for enhanced comfort. Includes 1 EV-ready parking stall & a storage locker behind your parking stall for added convenience. Pet-friendly. Steps to shopping, transit, and an 8 minute walk to SkyTrain. Est. completion early 2027. Call today for more information!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 566 sq ft
parking: 1
year built: 2026
strata rules: Pets Allowed With Restrictions
days on market: 0
MLS®: R3177470

features

Pets Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove
Dryer

the market here

listed now: 69 days; median for 1016 condos for sale; this one listed today

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

monthly cost

$2,200/mo

Mortgage $2,200

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$2,200/ monthly

loan $403,920

25-year amortization

down payment20% · $100,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 26, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $256,020
property transfer tax: $0; $8,098 less $8,098 newly built exemption
cash to close: $100,980; down + PTT
total paid: $659,940

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $1,840/mo
after all costs: −$542/mo
cap rate: 3.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,200 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Surrey: CMHC's average there ($1,602) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

location

SurreyGoogle Maps ↗

Rapid transit: Gateway SkyTrain station, 500 m (about 9 min walk); Scott Road SkyTrain station, 1.4 km (about 22 min walk).

schools

Catchment schools, Surrey School District 36

Elementary Theresa Clarke Elementaryhomes in this catchment
Secondary Kwantlen Park Secondaryhomes in this catchment
1.2 km away · 10441 132 St, Surrey · 604-588-6934

From the Surrey School District 36's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

development nearby

Rezoning for a 37 storey, 967 unit building
310 m away · 2023 · conditionally approved
OCP Amendment from Multiple Residential to Downtown 3.5 FAR. City Centre Plan Amendment of a portion from Low to Mid Rise Residential to Mid to High Residential and Mid to High Rise Mixed Use. Rezoning from CHI to CD. Development Permits for Form and Character Sensitive Ecosystems and Hazard Lands. Development Variance Permit for reduced streamside setbacks to allow for a phased development consis
Rezoning for a 6 storey, 187 unit building
400 m away · 2024 · conditionally approved
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision from three (3) lots into two (2) lots; Official Community Plan (OCP) Amendment for a portion of the site from Urban to Multiple Residential and a text amendment to permit a higher density; Development Variance Permit (a) in Section B.6(a) of Part 4 General Pr
Rezoning for a 8 storey building
380 m away · 2024 · conditionally approved
Rezoning from from Urban Residential Zone (R3) and Comprehensive Development Zone (CD) to Low-Rise (5-8 Storey) Apartment Zone (MR7); Subdivision (Consolidation) from two (2) lots into one (1) lot; Development Variance Permit; Housing Agreement; and Development Permit in order to develop a 6 storey 84-unit apartment building including 6 rental replacement dwelling units

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.

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