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$369,000

406 10616 132 STREET

Surrey · MLS® R3164280

All units at 10616 132 St →

1 bed · 1 bath · 532 sq ft · 1 parking

Condo · Single Family · built 2023 · 28 days on market

Listed by Vincent Lo, Real Broker

Realtor's description

Welcome to Briza in the heart of Surrey City Centre! This stylish 1-bedroom, 1-bathroom residence offers approximately 532 sq ft of thoughtfully designed living space, featuring an open-concept layout, sleek quartz countertops, stainless steel appliances, contemporary finishes, and oversized windows for abundant natural light. Enjoy 1 secure underground parking stall and 1 storage locker. Still covered by the 2-5-10 New Home Warranty. Unbeatable location just minutes to Gateway SkyTrain, Surrey Central SkyTrain, SFU Surrey, KPU, Surrey Central Mall, Holland Park, shopping, dining, recreation, and more. Pets and rentals allowed. A fantastic opportunity for both homeowners and investors!

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 532 sq ft
Parking: 1
Year built: 2023
Property tax: $1,946 / yr
Strata fee: $327 / mo ($0.61 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed
Days on market: 28
MLS®: R3164280

Features

Pets Allowed With Restrictions
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

Floor plans

Found among the listing photos.

Price check

Typical for the area (+3.1%)

2026 assessment: $393,500 · asking is -6.2%
Price per sq ft: $694 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 28 days · no price changes so far

The market here

Listed now: 60 days; median for 1054 condos for sale; this one 28 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$393,500	$1,349
2025	$404,000	$1,256

Estimated tax up 7.4% from 2025 to 2026.

The listing shows $1,946 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

$2,096/mo

Mortgage $1,608 · Tax $162 · Strata $327

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

estimated payment

$1,608/ monthly

loan $295,200

25-year amortization

down payment20% · $73,80020%+ 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: $187,109
property transfer tax: $5,380; BC general rate
cash to close: $79,180; down + PTT
total paid: $482,309

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: $1,602/mo
After all costs: −$658/mo
Cap rate: 3.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,608 · tax $162 · strata $327 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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 ↗

Drive times

Kwantlen Park Secondary1 min
Kwantlen Polytechnic University (Civic Plaza Campus)2 min
K.B. Woodward Elementary3 min
Surrey Memorial Hospital5 min
YVR airport37 min
Downtown Vancouver39 min

Walkability 78/100 · Walkable: many errands on foot

Within a 10 minute walk: 3 places to eat or drink, 1 cafe, 14 parks and playgrounds, 3 schools, 24 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

Location

SurreyGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary K.B. Woodward Elementaryhomes in this catchment
200 m away · 13130 106 Ave, Surrey · 604-588-5918
Secondary Kwantlen Park Secondaryhomes in this catchment
400 m 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 705 homes
240 m away · 2024 · conditionally approved
Rezoning from Multiple Residential 45 Zone (RM-45) to Comprehensive Development Zone (CD) (based on RM-135 and C-15); Subdivision from four (4) lots into eight (8) lots; Official Community Plan (OCP) Amendment to add the western portion of the site to Figure 16 as Downtown (3.5 FAR) and to amend Figure 16: Downtown Densities for the eastern portion of the site from 3.5 to 5.5 FAR. City Centre Plan
Rezoning for a 35 storey, 561 unit building
370 m away · 2023 · conditionally approved
Rezoning from Multiple Residential 45 Zone (RM-45) to Comprehensive Development Zone (CD) (based on Multiple Residential Commercial 135 Zone (RM-135); Subdivision from one (1) into two (2) lots; Official Community Plan (OCP) Amendment from Multiple Residential to Downtown and to Figure 16: Downtown Densities to permit a density of 5.5 FAR; Neighbourhood Concept Plan (NCP) Amendment to the City Cen
Rezoning for a 36 storey, 481 unit building
310 m away · 2023 · conditionally approved
Rezoning from Single Family Residential Zone (RF) to Comprehensive Development Zone (CD); Subdivision (Consolidation) from six (6) lots into one (1) lot; Official Community Plan (OCP) Amendment from Multiple Residential to Downtown 5.5 FAR; City Centre Plan Amendment from Low to Mid Rise Residential to High Rise Residential Type I; Development Permit to allow the phased development of two resident
Rezoning for a 30 storey, 321 unit building
160 m away · 2026 · under review
Development Permit to construct a 30-storey mixed use tower consisting of 321 residential units and 735 sqm of commercial daycare space with a total of 24 291.29 sqm. Rezoning from R3 to MR9-C to facilitate the consolidation of 5 lots into 1 lot; OCP Amendment to High-Rise II.
Rezoning for a 6 storey, 85 unit building
270 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 (Consolidation) from three (3) lots into one (1) lot; Development Permit to permit development of a 6-storey apartment building containing 85 units.

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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