202 11063 RAVINE ROAD

Surrey · MLS® R3074609

1 bed · 1 bath · 647 sq ft · 1 parking

Condo · Single Family · built 2026 · 292 days on market

Listed by VJ Oco, RE/MAX 2000 Realty

Ledgeview Two - Assignment of Contract. Well-designed 1 Bed / 1 Bath home offering 647 sq.ft. with 9' ceilings and oversized windows for excellent natural light. Modern finishes include acoustic vinyl wood-grain plank flooring, heated tile bathroom floors, quartz countertops, and a sleek kitchen with natural gas range and high-end stainless steel appliances. Built with sound-dampening ceiling insulation for enhanced comfort. Includes 1 parking stall pre-wired for an EV charger and 1 storage locker. Also pet-friendly (2 pets up to 15 kg each or 1 pet up to 30 kg). Prime location-steps to shopping and transit, and just an 8-minute walk to SkyTrain. Ideal for first-time buyers, investors, or downsizers. Estimated completion: December 2026.

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 647 sq ft
Parking: 1
Year built: 2026
Strata rules: Rentals Allowed
Days on market: 292
MLS®: R3074609

Above typical for the area (+23%)

Price per sq ft: $827 vs $671 median for condos in Surrey for sale (999)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove
Dryer

On market 292 days

Listed now: 63 days; median for 1000 condos for sale; this one 292 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Surrey School District 36

Elementary Theresa Clarke Elementaryhomes in this catchment
Secondary Kwantlen Park Secondaryhomes in this catchment
1.3 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.

$2,331/mo

Mortgage $2,331

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

estimated payment

$2,331/ monthly

loan $428,000

25-year amortization

down payment20% · $107,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $271,283
property transfer tax: $8,700; BC general rate
cash to close: $115,700; down + PTT
total paid: $699,283

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $1,602/mo
After all costs: −$892/mo
Cap rate: 3.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,331 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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

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