221
875 sq ft · Condo · Single Family · built 1995 · 8 days on market
listed by Rick Cenaiko, Royal LePage - Wolstencroft
WELCOME TO THE OBSERVATORY | 1 BED + DEN 2 BATH CORNER UNIT featuring floor-to-ceiling windows that frame one of the best panoramic views of the city & mountains in Surrey. Living room with slate gas fireplace & kitchen with granite countertops. Primary bedroom w/ 4 pce ensuite and Den that serves as a flex area, home office or second bedroom. Generous balcony extends the living space outdoors. One of the area's most carefully maintained high-rises, the building offers a fitness room, sauna & hot tub. Storage locker & secure parking. Only steps from Gateway SkyTrain Station, bus connections, Surrey Central Mall, Whalley Athletic Park & Chuck Bailey Rec Centre with Youth & Senior Programs. Simon Fraser University, Kwantlen Polytechnic University and Central City are only minutes away. Soon to be the Yaletown of Surrey being only 1 block away from proposed 10,000 seat Arena that will be hosting the Vancouver Giants. Great opportunity for first time buyers or investors - only $457 per Sq ft
20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,760 · tax $177 · strata $521 · 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.
Catchment schools, Surrey School District 36
900 m 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.
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Rapid transit: Gateway SkyTrain station, 100 m (about 2 min walk); Surrey Central SkyTrain station, 1.2 km (about 18 min walk).
| year | assessed | est. tax |
|---|---|---|
| 2026 | $449,000 | $1,539 |
| 2025 | $495,000 | $1,539 |
Estimated tax up 0.0% from 2025 to 2026.
The listing shows $2,125 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 52 storey, 879 unit building
290 m away · 2024 · conditionally approved
Rezoning from Community Commercial Zone (C-8) Highway Commercial Industrial Zone (CHI) and Self-Service Gasoline Station Zone (CG-1) to Comprehensive Development Zone (CD) (based on Multiple Residential 135 Zone (RM-135) and Community Commercial Zone (C-8); Subdivision (Consolidation) from eight (8) lots into one (1) lot; Official Community Plan (OCP) Amendment to redesignate a portion of the site
Rezoning for a 7 storey, 736 unit building
90 m away · 2026 · under review
Rezoning from CD BL10464 to CD (based on Multiple Residential 135 Zone (RM-135) and Community Commercial Zone (C-8)); Official Community Plan (OCP) Text Amendment from 5.5 to 7.5 FAR; City Centre Plan (CCP) amendment from High Rise Mixed Use - Type I (5.5) to High Rise Mixed Use - Type II (7.5); Consolidation from two (2) lots to one (1) lot; Development Permit for Form Character to permit forty-s
50 m away · 2019 · under review
Rezoning from CD B/L 10464 and RF to CD(based on ?); Development Permit to permit the construction of approximately 500 residential units and 1580m2 of office space within one mid rise and one high rise building and Subdivision to create 2 separate development sites.
Rezoning for a 36 storey, 481 unit building
330 m away · 2023 · conditionally approved
Rezoning from Single Family Residential Zone (RF) to Comprehensive Development Zone (CD); Subdivision (Consolidation) from six (6) lots into one (1) lot; Official Community Plan (OCP) Amendment from Multiple Residential to Downtown 5.5 FAR; City Centre Plan Amendment from Low to Mid Rise Residential to High Rise Residential Type I; Development Permit to allow the phased development of two resident
Rezoning for a 44 storey building
230 m away · 2024 · concluded
Rezoning from Multiple Residential 30 Zone (RM-30) Multiple Residential 70 Zone (RM-70) Multiple Residential 135 Zone (RM-135) and Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential Commercial 135 Zone (RM-135) and Neighbourhood Commercial Zone (C-8); Subdivision from nine (9) lots into four (4) lots and one (1) riparian lot; Official Community Plan (
And 3 smaller applications nearby.
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.
Condos in Surrey. Sale prices register 1 to 3 months after a sale closes.
the building's lot: 2,959 m² (31,850 sq ft) · PID 023-169-257. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.
Rapid transit: Gateway SkyTrain station, 100 m (about 2 min walk); Surrey Central SkyTrain station, 1.2 km (about 18 min walk).
Walkability 90/100 · Very walkable: most errands on foot
Within a 10 minute walk: 4 grocery stores, 8 places to eat or drink, 2 cafes, 7 parks and playgrounds, 1 school, 2 pharmacies, 24 transit stops.
mihom score from OpenStreetMap places, by straight line distance.