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$519,999

209 15298 20 AVENUE

Surrey · MLS® R3127483

All units at 15298 20 Ave →

2 bed · 2 bath · 1,058 sq ft · 1 parking

Condo · Single Family · built 1998 · 135 days on market

Listed by Manny Mattu, LPT Realty ULC

Realtor's description

Situated in the well-managed Waterford House, this 2-bedroom, 2-bathroom residence offers comfort, privacy, and everyday convenience. The floor plan is designed with bedrooms separated for added functionality, including a spacious primary suite and a second bedroom ideal for guests or a home office. Two full bathrooms, a well-sized kitchen with abundant storage, and a built-in wine bar create a space that's both practical and welcoming. Enjoy the benefit of a defined dining area and a full laundry room tucked neatly off the kitchen. Located just steps from shops and services, this home is well suited for first-time buyers, those looking to simplify, or investors seeking a dependable property.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,058 sq ft
Parking: 1
Year built: 1998
Property tax: $2,433 / yr
Strata fee: $506 / mo ($0.48 / sq ft)
Strata rules: Pets not Allowed, Rentals Allowed
Days on market: 135
MLS®: R3127483

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

Features

Pets not Allowed
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

Price check

Below typical for the area (-27%)

2026 assessment: $561,000 · asking is -7.3%
Price per sq ft: $491 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 135 days · no price changes so far

The market here

Listed now: 60 days; median for 1054 condos for sale; this one 135 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$561,000	$1,923

The listing shows $2,433 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

$2,974/mo

Mortgage $2,266 · Tax $203 · Strata $506

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

estimated payment

$2,266/ monthly

loan $415,999

25-year amortization

down payment20% · $104,00020%+ 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: $263,677
property transfer tax: $8,400; BC general rate
cash to close: $112,400; down + PTT
total paid: $679,676

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: −$1,287/mo
Cap rate: 2.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,266 · tax $203 · strata $506 · 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.

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