Condo
$299,999
20% under assessed201 13883 LAUREL DRIVE
Surrey15 days on market
MLS® R3169069
1 / 24
1 bath · 333 sq ft
Condo · Single Family · built 2024 · 156 days on market
Listed by Gary Wong, eXp Realty
Realtor's description
Welcome to Q5 by the Tien Sher Group, this 6 storey, 141 unit building is in the heart of the Whalley neighborhood of Surrey. Built in 2024, this West facing, 333 sq ft cozy studio and bathroom has a courtyard facing balcony. It comes with laminate flooring, in suite laundry and stainless steel appliances. Amenities include 1 storage locker, a gym, a party room and community garden. Incredibly convenient: Surrey Library (5 min away), Gateway Skytrain Station (3 min away), Surrey SFU Campus (6 min away), Forsyth Road Elementary (1 min away), Ecole Kwantlen Park Secondary (5 min away).
Property details
- Type
- Condo, Single Family
- Bathrooms
- 1
- Living area
- 333 sq ft
- Parking
- 0
- Year built
- 2024
- Property tax
- $1,576 / yr
- Strata fee
- $208 / mo ($0.62 / sq ft)
- Strata rules
- Pets Allowed, Rentals Allowed
- Days on market
- 156
- MLS®
- R3120238
Features
- Pets Allowed
- Rentals Allowed
- Washer
- Refrigerator
- Dishwasher
- Stove
Monthly cost
$1,467/mo
Mortgage $1,128 · Tax $131 · Strata $208
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
- $1,606/mo
- After all costs
- −$25/mo
- Cap rate
- 5.1%
- yearly net rent ÷ price
Costs: mortgage $1,128 · tax $131 · strata $208 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a studio 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 Forsyth Road Elementaryhomes in this catchment
200 m away · 10730 139 St, Surrey · 604-588-8394
- Secondary Kwantlen Park Secondaryhomes in this catchment
1.4 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.
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