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$299,900

331 10838 CITY PARKWAY

Surrey · MLS® R3129598

All units at 10838 City Pky →

1 bath · 471 sq ft · 1 parking

Condo · Single Family · built 2005 · 130 days on market

Listed by Kam Kahlon, Homelife Advantage Realty Ltd.

Realtor's description

YALETOWN FEEL IN THE HEART OF SURREY! Upscale & urban, this condo offers an exciting opportunity for First-Time Buyers & Investors. Experience urban living in a prime location at an exceptional value. This well-maintained and tastefully updated studio/1-bedroom style home features a functional kitchen, laminate flooring, updated cabinetry, and a refreshed bathroom. Includes 1 parking stall and 1 storage locker. Located just steps from Gateway SkyTrain Station with access to a full fitness facility in the building. Ideal for living in or as an investment property. Open house June 21- 12-2PM.

Property details

Type: Condo, Single Family
Bathrooms: 1
Living area: 471 sq ft
Parking: 1
Year built: 2005
Property tax: $1,662 / yr
Strata fee: $275 / mo ($0.58 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 130
MLS®: R3129598

Features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove

Floor plans

Found among the listing photos.

Price check

Typical for the area (-5.4%)

2026 assessment: $329,700 · asking is -9.0%
Price per sq ft: $637 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 130 days · no price changes so far

The market here

Listed now: 60 days; median for 1054 condos for sale; this one 130 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$329,700	$1,130

The listing shows $1,662 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

$1,720/mo

Mortgage $1,307 · Tax $138 · Strata $275

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

estimated payment

$1,307/ monthly

loan $239,920

25-year amortization

down payment20% · $59,98020%+ 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: $152,071
property transfer tax: $3,998; BC general rate
cash to close: $63,978; down + PTT
total paid: $391,991

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: $1,606/mo
After all costs: −$277/mo
Cap rate: 4.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,307 · tax $138 · strata $275 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a studio 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: 12,305 m² (132,450 sq ft) · PID 027-752-062. 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 Theresa Clarke Elementaryhomes in this catchment
Secondary Kwantlen Park Secondaryhomes in this catchment
1.0 km 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
100 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
120 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
250 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 44 storey building
350 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 (
Rezoning for a 34 storey, 312 unit building
380 m away · 2025 · conditionally approved
Rezoning from Community Commercial Zone (C8) to Comprehensive Development Zone (CD) (based on Multiple Residential Commercial 135 Zone (RM-135) Neighbourhood Commercial Zone (C-5); Subdivision (Consolidation) from five (5) lots into one (1) lot; Official Community Plan (OCP) Amendment to increase density from 3.5 FAR to 7.5 FAR; City Centre Plan Amendment from Mid Rise to High Rise; Development Pe

And 2 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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