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$679,000

307 1551 FOSTER STREET

White Rock · MLS® R3121067

All units at 1551 Foster St →

2 bed · 2 bath · 1,250 sq ft · 1 parking

Condo · Single Family · built 2005 · 155 days on market

Listed by Anne Piche, Sutton Group Seafair Realty

Realtor's description

Terrific 2 bedroom & den home in popular SUSSEX HOUSE - a choice low rise concrete building in the heart of White Rock. Lovely floor plan that accommodates 'house sized' furniture with bedrooms separated by large living/dining space with wide plank laminate floors & a coxy gas fireplace. Generous Master Suite features a large walk-in closet and lavish ensuite. Kitchen boasts granite counters and stainless steel appliances. Located steps to shopping at Semiahmoo Mall and all the quaint shops & restaurants on Johnston Rd.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,250 sq ft
Parking: 1
Year built: 2005
Property tax: $3,749 / yr
Strata fee: $641 / mo ($0.51 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 155
MLS®: R3121067

Features

Pets Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove
Dryer

Price check

Below typical for the area (-15%)

2026 assessment: $767,000 · asking is -11%
Price per sq ft: $543 vs $639 median for condos in White Rock for sale (164)

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 155 days · no price changes so far

The market here

Listed now: 41 days; median for 166 condos for sale; this one 155 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	$767,000	$3,313
2025	$849,000	$3,254

Estimated tax up 1.8% from 2025 to 2026.

The listing shows $3,749 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

$3,912/mo

Mortgage $2,958 · Tax $312 · Strata $641

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

estimated payment

$2,958/ monthly

loan $543,200

25-year amortization

down payment20% · $135,80020%+ 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: $344,301
property transfer tax: $11,580; BC general rate
cash to close: $147,380; down + PTT
total paid: $887,501

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: −$2,279/mo
Cap rate: 1.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,958 · tax $312 · strata $641 · 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: 8,039 m² (86,531 sq ft) · PID 025-878-182. 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
700 m away · 1273 Fir St, White Rock · 604-531-5731
Secondary Semiahmoo Secondaryhomes in this catchment
800 m 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
390 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 20 storey building
310 m away · 2025 · conditionally approved
Rezoning from Comprehensive Development Zone (CD) Bylaw No. 13881 to and Community Commercial Zone (CD) to Comprehensive Development Zone (CD); Subdivision from two (2) lots into two (2) lots (lot line adjustment and road dedication); General Development Permit to permit development of two 20-storey mixed-use buildings on the northeast portion of the site and to separate this portion of the subjec

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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