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$469,900

305 12769 72 AVENUE

Surrey · MLS® R3103401

2 bed · 1 bath · 729 sq ft · 1 parking

Condo · Single Family · built 1996 · 194 days on market

Listed by Daksh Bassi, SRS Panorama Realty

Realtor's description

This one is not your average Jr. 2 Bedroom Apartment. Beautifully situated in West Newton, this top-floor Jr. 2 Bed - 1 bed + Huge Den home offers an open and airy layout with stunning vaulted ceilings throughout the main living area. The spacious kitchen boasts 12-foot ceilings, quartz countertops, and stainless steel appliances. Enjoy cozy evenings by the gas fireplace or relax on the large private deck. Conveniently located just steps from Kwantlen University, Newton Athletic Park, shopping, and more, with easy access to Highway 91 for commuters. An excellent opportunity for first-time buyers or investors. Book your private showing today!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 729 sq ft
Parking: 1
Year built: 1996
Property tax: $2,014 / yr
Strata fee: $257 / mo ($0.35 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed
Days on market: 194
MLS®: R3103401

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

Features

Pets Allowed With Restrictions
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

Price check

Typical for the area (-4.0%)

2026 assessment: $423,600 · asking is +11%
Price per sq ft: $645 vs $671 median for condos in Surrey for sale (999)
Last sold: $456,500 · Jul 5, 2024

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 194 days · no price changes so far

The market here

Listed now: 59 days; median for 1069 condos for sale; this one 194 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$423,600	$1,452
2025	$460,600	$1,432

Estimated tax up 1.4% from 2025 to 2026.

The listing shows $2,014 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

$2,472/mo

Mortgage $2,047 · Tax $168 · Strata $257

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

estimated payment

$2,047/ monthly

loan $375,920

25-year amortization

down payment20% · $93,98020%+ 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: $238,273
property transfer tax: $7,398; BC general rate
cash to close: $101,378; down + PTT
total paid: $614,193

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: −$785/mo
Cap rate: 3.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,047 · tax $168 · strata $257 · 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: 13,395 m² (144,182 sq ft) · PID 023-116-994. 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 Dr. F.D. Sinclair Elementaryhomes in this catchment
500 m away · 7480 128 St, Surrey · 604-596-1537
Secondary Princess Margaret Secondaryhomes in this catchment
300 m away · 12870 72 Ave, Surrey · 604-594-5458

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 8 storey, 201 unit building
230 m away · 2026 · conditionally approved
Rezoning from Comprehensive Development Zone (CD) (Bylaw No. 21295) to Comprehensive Development Zone (CD) (based on Institutional Zone (PI); Official Community Plan (OCP) Amendment from Urban II to Employment II; Development Permit to permit the development of an eight-storey student housing building with a total of 201 units (359 beds) with supporting services and a cafeteria / dining hall.

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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