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$448,000

217 2970 King George Boulevard

Surrey · MLS® R3159072

All units at 2970 King George Blvd →

1 bed · 1 bath · 664 sq ft · 1 parking

Condo · Single Family · built 2009 · 46 days on market

Listed by Marcella Riccardi, Prompton Real Estate Services Inc.

Realtor's description

Welcome to Watermark in the heart of South Surrey! This inviting 664 sq. ft. home offers a spacious, open-concept layout designed for comfortable everyday living. Generous living and dining areas slow seamlessly together, creating a warm and cozy atmosphere while maintaining an airy sense of space. The thoughtful floor plan provides plenty of room to entertain, relax or work from home, with a private setting that feels like a true retreat. Includes one parking stall and one storage locker, plus a pet-friendly policy allowing two pets. Ideally located just steps from shopping, restaurants, cafes, transit and everyday conveniences, with easy access to major routes. A fantastic opportunity combining space, privacy, comfort and convenience in sought-after South Surrey!

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 664 sq ft
Parking: 1
Year built: 2009
Property tax: $1,922 / yr
Strata fee: $375 / mo ($0.56 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 46
MLS®: R3159072

Features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove

Price check

Typical for the area (+0.5%)

2026 assessment: $400,000 · asking is +12%
Price per sq ft: $675 vs $671 median for condos in Surrey for sale (1000)

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 46 days · no price changes so far

The market here

Listed now: 61 days; median for 1066 condos for sale; this one 46 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$400,000	$1,371
2025	$457,000	$1,420

Estimated tax down 3.5% from 2025 to 2026.

The listing shows $1,922 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

$2,487/mo

Mortgage $1,952 · Tax $160 · Strata $375

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

estimated payment

$1,952/ monthly

loan $358,400

25-year amortization

down payment20% · $89,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 11, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $227,168
property transfer tax: $6,960; BC general rate
cash to close: $96,560; down + PTT
total paid: $585,568

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: $1,602/mo
After all costs: −$1,048/mo
Cap rate: 2.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,952 · tax $160 · strata $375 · 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

Location

The building's lot: 3,852 m² (41,463 sq ft) · PID 028-031-423. 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 Semiahmoo Trail Elementaryhomes in this catchment
1000 m away · 3040 145a St, Surrey · 604-531-6063
Secondary Elgin Park Secondaryhomes in this catchment
3.3 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.

Development nearby

Rezoning for a 6 storey building
280 m away · 2026 · under review
Rezoning from Quarter Acre Residential Zone (R2) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision (Consolidation) from two (2) lots into one (1) lot; Official Community Plan (OCP) Text Amendment to permit a higher density within the Multiple Residential designation; Neighbourhood Concept Plan (NCP) Amendment to the King George Corridor from Townhou

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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