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$595,000

316 15825 85 AVENUE

Surrey · MLS® R3064761

All units at 15825 85 Ave →

2 bed · 2 bath · 761 sq ft · 1 parking

Condo · Single Family · built 2024 · 338 days on market

Listed by Devin Gill, Century 21 Coastal Realty Ltd.

Realtor's description

Investor's & Owners welcome to Fleetwood Village by Dawson + Sawyer! This well-maintained 2-bedroom, 2-bath condo offers a turn-key investment with a RELIABLE TENANT PAYING $2,600/MONTH - WELL ABOVE MARKET RENT - on a FIXED LEASE until June 1, 2026. The home features an open-concept layout with UPGRADED LIGHTING, modern finishes, stainless steel appliances, quartz countertops, in-suite laundry, and a private 87 sq ft patio. Includes 1 EV-CAPABLE PARKING STALL and 1 STORAGE LOCKER ($30k value). Residents enjoy access to a clubhouse, fitness centre, and on-site daycare. Ideally located near Fraser Highway, parks, schools, shopping, and the upcoming SURREY-LANGLEY SKYTRAIN EXTENSION. LISTED BELOW ASSESSED VALUE - A RARE, CASH-FLOW OPPORTUNITY!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 761 sq ft
Parking: 1
Year built: 2024
Property tax: $2,437 / yr
Strata fee: $380 / mo ($0.50 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed
Days on market: 338
MLS®: R3064761

Features

Pets Allowed With Restrictions
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

Price check

Above typical for the area (+16%)

2026 assessment: $542,000 · asking is +9.8%
Price per sq ft: $782 vs $673 median for condos in Surrey for sale (983)
Last sold: $450,240 · Apr 6, 2023

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 338 days · no price changes so far

The market here

Listed now: 60 days; median for 1054 condos for sale; this one 338 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$542,000	$1,858
2025	$608,000	$1,890

Estimated tax down 1.7% from 2025 to 2026.

The listing shows $2,437 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

$3,176/mo

Mortgage $2,592 · Tax $203 · Strata $380

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

estimated payment

$2,592/ monthly

loan $476,000

25-year amortization

down payment20% · $119,00020%+ 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: $301,707
property transfer tax: $9,900; BC general rate
cash to close: $128,900; down + PTT
total paid: $777,707

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: −$1,488/mo
Cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,592 · tax $203 · strata $380 · 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: 13,902 m² (149,640 sq ft) · PID 032-071-264. 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 Walnut Road Elementaryhomes in this catchment
1.1 km away · 16152 82 Ave, Surrey · 604-572-6617
Secondary Fleetwood Park Secondaryhomes in this catchment
1.3 km away · 7940 156 St, Surrey · 604-597-2301

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

Development permit for a 6 storey, 119 unit building
140 m away · 2023 · under review
Development Permit for the construction of one 6-storey apartment building consisting of 119 dwelling units (including 80 secured market rental units) and a child care facility in Fleetwood.
Development permit for a 6 storey, 116 unit building
230 m away · 2023 · under review
Development Permit / Development Variance Permit to permit the construction of one 6-storey apartment building consisting of 116 dwelling units in Fleetwood. A variance is proposed to reduce the minimum outdoor amenity space requirement under the CD Zone.

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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