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$1,069,000

203 1725 128 STREET

Surrey · MLS® R3157481

3 bed · 2 bath · 1,593 sq ft · 2 parking

Condo · Single Family · built 1995 · 49 days on market

Listed by Sheryl Dawson, Oakwyn Realty Ltd.

Locals call this complex "the dream building" & for good reason! This 55+ well managed complex is "resort-style" living-over 2 acres of landscaped park-like grounds; nature pond, greenhouse, courtyard, fountains; community clubhouse w/enormous ocean view terrace, kitchen, sitting area, library; workshop & exercise room. This 3 bdrm/2 bath, almost 1600 sq. ft. beautifully laid-out rancher/bungalow style, SW corner home, has been primarily & beautifully renovated with top-notch materials, blinds, flooring, finishes & appliances; custom pull outs in kitchen etc-move-in ready! Although noted as 2nd floor this home's access is level from the front entrance-no need for elevator. Steps to gourmet shopping, banking & restaurants at Ocean Park Village Shopping Centre. 2 s/s prkg; large storage. Very well maintained complex with new roof in 2025 paid for fully. Pets welcome! Truly a pleasure to show! By appointment.

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,593 sq ft
Parking: 2
Year built: 1995
Property tax: $4,542 / yr
Strata fee: $777 / mo ($0.49 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions, Age Restrictions
Days on market: 49
MLS®: R3157481

Buying in a building from 1982 to 2000: what to read first

Typical for the area (-0.0%)

Price per sq ft: $671 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.

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Age Restrictions

On market 49 days

Listed now: 63 days; median for 1000 condos for sale; this one 49 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 Ocean Cliff Elementaryhomes in this catchment
800 m away · 12550 20 Ave, Surrey · 604-538-1770
Secondary Elgin Park Secondaryhomes in this catchment
1.9 km away · 13484 24 Ave, Surrey · 604-538-6678

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.

$5,813/mo

Mortgage $4,658 · Tax $379 · Strata $777

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$4,658/ monthly

loan $855,200

25-year amortization

down payment20% · $213,80020%+ 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: $542,059
property transfer tax: $19,380; BC general rate
cash to close: $233,180; down + PTT
total paid: $1,397,259

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: $1,956/mo
After all costs: −$4,048/mo
Cap rate: 0.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,658 · tax $379 · strata $777 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ 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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