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$495,000

303 1500 Merklin Street

White Rock · MLS® R3143096

2 bed · 2 bath · 1,142 sq ft · 1 parking

Condo · Single Family · built 1990 · 96 days on market

Listed by Michael Cowling, RE/MAX Michael Cowling and Associates Realty

Realtor's description

CIMARRON! Enjoy top-floor living in this bright, spacious and beautifully maintained 1,142 square foot condo in the heart of White Rock. This move-in ready home offers 2 bedrooms, 2 bathrooms, an open-concept living and dining area with a cozy gas fireplace, skylights in the entry and ensuite, and a generous kitchen with a versatile eating area that can easily serve as a home office or den. The primary bedroom comfortably fits a king-size bed and includes a 3-piece ensuite with shower. Step out to the exceptionally private covered balcony overlooking lush, manicured gardens, with a view toward Mount Baker. Freshly painted throughout and located in a well-kept building close to Semiahmoo Mall, White Rock Beach, hospital, healthcare services, shopping, schools and transit. 1 cat permitted, no dogs. Includes 1 covered parking stall and storage locker #13.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,142 sq ft
Parking: 1
Year built: 1990
Property tax: $2,444 / yr
Strata fee: $560 / mo ($0.49 / sq ft)
Strata rules: Pets Allowed With Restrictions, Age Restrictions
Days on market: 96
MLS®: R3143096

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

Features

Pets Allowed With Restrictions
Age Restrictions
Washer
Refrigerator
Dishwasher
Stove

Price check

Below typical for the area (-32%)

2026 assessment: $461,000 · asking is +7.4%
Price per sq ft: $433 vs $636 median for condos in White Rock for sale (168)

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 96 days · no price changes so far

The market here

Listed now: 40 days; median for 170 condos for sale; this one 96 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$461,000	$1,991

The listing shows $2,444 a year in property tax.

Estimate: the BC Assessment value times White Rock'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

$2,921/mo

Mortgage $2,157 · Tax $204 · Strata $560

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

estimated payment

$2,157/ monthly

loan $396,000

25-year amortization

down payment20% · $99,00020%+ 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: $251,000
property transfer tax: $7,900; BC general rate
cash to close: $106,900; down + PTT
total paid: $647,000

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: $1,813/mo
After all costs: −$1,288/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,157 · tax $204 · strata $560 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in White Rock (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: 1,628 m² (17,524 sq ft) · PID 016-004-248. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

White RockGoogle Maps ↗

Location

White RockGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary White Rock Elementaryhomes in this catchment
600 m away · 1273 Fir St, White Rock · 604-531-5731
Secondary Semiahmoo Secondaryhomes in this catchment
1.3 km away · 1785 148 St, Surrey · 604-536-2131

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 20 storey, 181 unit building
300 m away · 2023 · concluded
Rezoning from Single Family Residential Zone (RF) to Comprehensive Development Zone (CD) (based on Neighbourhood Commercial Zone (C-5) Multiple Residential Commercial 150 Zone (RM-150); Subdivision (Consolidation) from two (2) lots into one (1) lot; Town Centre Plan (TCP) Amendment to increase the building height from 16 storeys to 20 storeys and to allow a 6-storey podium higher than 18 metres; D
Rezoning for a 6 storey, 66 unit building
390 m away · 2023 · conditionally approved
Rezoning from RF to CD (based on RM-70); Development Permit to permit the development of a six-storey apartment building consisting of 66 units; and Subdivision to consolidate 3 properties.

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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