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$744,900

401 11035 RAVINE ROAD

Surrey · MLS® R3158937

All units at 11035 Ravine Rd →

2 bed · 2 bath · 907 sq ft · 1 parking

Condo · Single Family · built 2026 · 45 days on market

Listed by Diane Lau, Oakwyn Realty Ltd.

Realtor's description

Brand-new 2 bed, 2 bath home at Ledgeview II. 907 sf with two private balconies Kitchen features a 5-burner gas cooktop with electric oven, stainless french-door fridge with ice & water, dishwasher, built-in microwave, in-sink garburator, quartz counters & soft-close white shaker cabinetry. Front-loading washer/dryer, free-standing A/C unit. Every suite includes EV-charger-ready parking pre-wire, built-in wall safe, Carbon Monoxide detector, sprinklers & 2-5-10 year warranty. Building amenities: elevator, amenity room, storage locker. Note: Assignment of Contract. Non-registered strata; completion subject to Strata Plan EPS registration, expected early 2027. Measurements per developer's Plan D2; buyer/buyer's agent to verify if important.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 907 sq ft
Parking: 1
Year built: 2026
Strata rules: Pets Allowed With Restrictions, Rentals Allowed
Days on market: 45
MLS®: R3158937

Features

Pets Allowed With Restrictions
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+22%)

2026 assessment: $50,230,000 · asking is -99%
Price per sq ft: $821 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 45 days · no price changes so far

The market here

Listed now: 60 days; median for 1054 condos for sale; this one 45 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$50,230,000	$172,154

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

$3,245/mo

Mortgage $3,245

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$3,245/ monthly

loan $595,920

25-year amortization

down payment20% · $148,98020%+ 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: $377,717
property transfer tax: $12,898; BC general rate
cash to close: $161,878; down + PTT
total paid: $973,637

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: −$1,558/mo
Cap rate: 2.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,245 · 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

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
1.2 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 37 storey, 967 unit building
310 m away · 2023 · conditionally approved
OCP Amendment from Multiple Residential to Downtown 3.5 FAR. City Centre Plan Amendment of a portion from Low to Mid Rise Residential to Mid to High Residential and Mid to High Rise Mixed Use. Rezoning from CHI to CD. Development Permits for Form and Character Sensitive Ecosystems and Hazard Lands. Development Variance Permit for reduced streamside setbacks to allow for a phased development consis
Rezoning for a 6 storey, 187 unit building
400 m away · 2024 · conditionally approved
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision from three (3) lots into two (2) lots; Official Community Plan (OCP) Amendment for a portion of the site from Urban to Multiple Residential and a text amendment to permit a higher density; Development Variance Permit (a) in Section B.6(a) of Part 4 General Pr
Rezoning for a 8 storey building
380 m away · 2024 · conditionally approved
Rezoning from from Urban Residential Zone (R3) and Comprehensive Development Zone (CD) to Low-Rise (5-8 Storey) Apartment Zone (MR7); Subdivision (Consolidation) from two (2) lots into one (1) lot; Development Variance Permit; Housing Agreement; and Development Permit in order to develop a 6 storey 84-unit apartment building including 6 rental replacement dwelling units

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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