1 / 33

$485,000

204 15298 20 AVENUE

Surrey · MLS® R3145878

All units at 15298 20 Ave →

2 bed · 2 bath · 1,032 sq ft · 1 parking

Condo · Single Family · built 1998 · 85 days on market

Listed by Cory Hunsche, Macdonald Realty (Surrey/152)

Realtor's description

Welcome to Waterford House - A Rare Find in an Unbeatable Location! This beautifully kept 2 bed / 2 bath home is your chance to own in one of the area's most desirable, well-run buildings. Tucked just steps from shops, restaurants, parks, transit, and everyday essentials - and a quick 5-minute drive to White Rock Beach and the US border. Inside, thoughtful upgrades await, including an LG ThinQ smart fridge, washer, and dryer, bringing modern ease into daily living. With no age restrictions and rentals permitted, this home suits a wide range of buyers, whether you're downsizing, purchasing your first place, or adding to your investment portfolio. Another bonus is the building was re-piped in 2023 which offers peace of mind.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,032 sq ft
Parking: 1
Year built: 1998
Property tax: $2,414 / yr
Strata fee: $497 / mo ($0.48 / sq ft)
Strata rules: Pets not Allowed, Rentals Allowed
Days on market: 85
MLS®: R3145878

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

Features

Pets not Allowed
Rentals Allowed
Washer
Refrigerator
Intercom
Dishwasher

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-30%)

2026 assessment: $556,000 · asking is -13%
Price per sq ft: $470 vs $673 median for condos in Surrey for sale (986)

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.

Property insights

On market 85 days · no price changes so far

The market here

Listed now: 60 days; median for 1053 condos for sale; this one 85 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$556,000	$1,906

The listing shows $2,414 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.

Monthly cost

$2,812/mo

Mortgage $2,113 · Tax $201 · Strata $497

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

estimated payment

$2,113/ monthly

loan $388,000

25-year amortization

down payment20% · $97,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $245,930
property transfer tax: $7,700; BC general rate
cash to close: $104,700; down + PTT
total paid: $633,930

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.

If you rented it out

Rent: $1,872/mo
After all costs: −$1,125/mo
Cap rate: 2.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,113 · tax $201 · strata $497 · 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

The building's lot: 3,389 m² (36,479 sq ft) · PID 023-659-831. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

SurreyGoogle Maps ↗

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary Jessie Lee Elementaryhomes in this catchment
300 m away · 2064 154 St, Surrey · 604-531-8833
Secondary Earl Marriott Secondaryhomes in this catchment
1.2 km away · 15751 16 Ave, Surrey · 604-531-8354

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 6 storey, 356 unit building
120 m away · 2023 · conditionally approved
Rezoning from Single Family Residential Zone (RF) and Duplex Residential Zone (RM-D) to Comprehensive Development Zone (CD) (based on Multiple Residential Commercial and Community Commercial Zone (RM-135 C-8); Subdivision from six (6) lots into two (2) lots; Development Variance Permit to vary the definition of Bond in the Surrey Subdivision and Development Bylaw 1986 No. 8830 as amended to includ

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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.