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$859,000

2203 10899 UNIVERSITY DRIVE

Surrey · MLS® R3132464

All units at 10899 University Dr →

2 bed · 2 bath · 1,430 sq ft · 2 parking

Condo · Single Family · built 1995 · 127 days on market

Listed by John MacKenzie, 2 Percent Realty West Coast

Realtor's description

LUXURY, COMFORT AND BREATHTAKING VIEWS. From the moment you walk in the door to this stunning PENTHOUSE, you will be in awe with the precisely executed vision in order to create this luxurious space, which is undoubtedly in a league of its own. Enjoy the spectacular views of the Mountains & Fraser River while you cook and entertain in the open concept kitchen that boasts a beautiful Quartz countertop with waterfall edge, under-mount LED lighting, top of the line stainless steel appliances and quality book-matched cabinetry. No details were spared with features such as the remote controlled hard-wired smart blinds, extensive Low-Profile pot lights on dimmers, gorgeous Italian Porcelain Tile flooring, 10 foot ceilings, and so much more. View the virtual tour and schedule your private viewing.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,430 sq ft
Parking: 2
Year built: 1995
Property tax: $3,249 / yr
Strata fee: $848 / mo ($0.59 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed
Days on market: 127
MLS®: R3132464

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

Features

Pets Allowed With Restrictions
Rentals Allowed
Washer
Refrigerator
Intercom
Dishwasher

Price check

Below typical for the area (-11%)

2026 assessment: $863,000 · asking is -0.5%
Price per sq ft: $601 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 127 days · no price changes so far

The market here

Listed now: 60 days; median for 1053 condos for sale; this one 127 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$863,000	$2,958

The listing shows $3,249 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

$4,861/mo

Mortgage $3,743 · Tax $271 · Strata $848

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

estimated payment

$3,743/ monthly

loan $687,200

25-year amortization

down payment20% · $171,80020%+ 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: $435,574
property transfer tax: $15,180; BC general rate
cash to close: $186,980; down + PTT
total paid: $1,122,774

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: −$3,174/mo
Cap rate: 0.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,743 · tax $271 · strata $848 · 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: 2,959 m² (31,850 sq ft) · PID 023-170-042. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

SurreyGoogle Maps ↗

Drive times

Discovery Elementary3 min
Kwantlen Park Secondary3 min
Kwantlen Polytechnic University (Civic Plaza Campus)3 min
Surrey Memorial Hospital6 min
Downtown Vancouver38 min
YVR airport38 min

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary Theresa Clarke Elementaryhomes in this catchment
Secondary Kwantlen Park Secondaryhomes in this catchment
900 m 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.

Development nearby

Rezoning for a 52 storey, 879 unit building
290 m away · 2024 · conditionally approved
Rezoning from Community Commercial Zone (C-8) Highway Commercial Industrial Zone (CHI) and Self-Service Gasoline Station Zone (CG-1) to Comprehensive Development Zone (CD) (based on Multiple Residential 135 Zone (RM-135) and Community Commercial Zone (C-8); Subdivision (Consolidation) from eight (8) lots into one (1) lot; Official Community Plan (OCP) Amendment to redesignate a portion of the site
Rezoning for a 7 storey, 736 unit building
90 m away · 2026 · under review
Rezoning from CD BL10464 to CD (based on Multiple Residential 135 Zone (RM-135) and Community Commercial Zone (C-8)); Official Community Plan (OCP) Text Amendment from 5.5 to 7.5 FAR; City Centre Plan (CCP) amendment from High Rise Mixed Use - Type I (5.5) to High Rise Mixed Use - Type II (7.5); Consolidation from two (2) lots to one (1) lot; Development Permit for Form Character to permit forty-s
Rezoning for 500 homes
50 m away · 2019 · under review
Rezoning from CD B/L 10464 and RF to CD(based on ?); Development Permit to permit the construction of approximately 500 residential units and 1580m2 of office space within one mid rise and one high rise building and Subdivision to create 2 separate development sites.
Rezoning for a 36 storey, 481 unit building
330 m away · 2023 · conditionally approved
Rezoning from Single Family Residential Zone (RF) to Comprehensive Development Zone (CD); Subdivision (Consolidation) from six (6) lots into one (1) lot; Official Community Plan (OCP) Amendment from Multiple Residential to Downtown 5.5 FAR; City Centre Plan Amendment from Low to Mid Rise Residential to High Rise Residential Type I; Development Permit to allow the phased development of two resident
Rezoning for a 44 storey building
230 m away · 2024 · concluded
Rezoning from Multiple Residential 30 Zone (RM-30) Multiple Residential 70 Zone (RM-70) Multiple Residential 135 Zone (RM-135) and Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential Commercial 135 Zone (RM-135) and Neighbourhood Commercial Zone (C-8); Subdivision from nine (9) lots into four (4) lots and one (1) riparian lot; Official Community Plan (

And 3 smaller applications nearby.

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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