Townhouse
$728,000
1305 16433 WATSON DRIVE
Surrey3 days on market
MLS® R3172549
1 / 34
2 bed · 2 bath · 1,105 sq ft · 2 parking
Condo · Single Family · built 1994 · 97 days on market
Listed by Alamgir Khan, Royal LePage Global Force Realty
Realtor's description
Welcome to the Penthouse at Balmoral Tower! Located in the heart of Surrey City Centre, this executive 2-bedroom, 2-bathroom home offers the perfect blend of luxury, convenience, and investment potential. Just steps from the SkyTrain, SFU, Central City Shopping Centre, restaurants, parks, and everyday amenities, you'll enjoy quick access to Downtown Vancouver and beyond. This bright and spacious penthouse features soaring ceilings, an open-concept floor plan, a modern kitchen, generous living and dining areas, in-suite laundry, and spectacular panoramic city views. The home also includes 2 secure underground parking stalls, a rare and valuable feature. Residents enjoy fantastic building amenities, including a fitness centre, hot tub, and sauna. Rentals are allowed.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,105 sq ft
- Parking
- 2
- Year built
- 1994
- Property tax
- $2,508 / yr
- Strata fee
- $616 / mo ($0.56 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 97
- MLS®
- R3141696
Features
- Pets not Allowed
- Washer
- Refrigerator
- Dishwasher
- Stove
- Dryer
Monthly cost
$3,396/mo
Mortgage $2,571 · Tax $209 · Strata $616
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $1,872/mo
- After all costs
- −$1,709/mo
- Cap rate
- 1.8%
- yearly net rent ÷ price
Costs: mortgage $2,571 · tax $209 · strata $616 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Surrey (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; 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 ↗
Schools
Catchment schools, Surrey School District 36
- Elementary Lena Shaw Elementaryhomes in this catchment
1.1 km away · 14250 100a Ave, Surrey · 604-581-1363
- Secondary Guildford Park Secondaryhomes in this catchment
2.4 km away · 10707 146 St, Surrey · 604-588-7601
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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