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$639,900

508 11058 132 STREET

Surrey · MLS® R3167195

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

Condo · Single Family · built 2026 · 19 days on market

Listed by Sharry Bhullar, Woodhouse Realty

Realtor's description

Ledgeview Two offers a junior 2-bedroom, 2-bath ground-floor unit with 761 sq.ft. of living space, featuring laminate and tile flooring and an open layout. Located conveniently near shopping, transit, and SkyTrain, it is ideal for first-time buyers, investors, or those downsizing. The property is a non-registered strata and is expected to be completed by 2026.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 761 sq ft
Parking: 1
Year built: 2026
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 19
MLS®: R3167195

Features

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

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+25%)

Price per sq ft: $841 vs $671 median for condos in Surrey for sale (1002)

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 19 days

The market here

Listed now: 63 days; median for 1003 condos for sale; this one 19 days

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

Monthly cost

$2,788/mo

Mortgage $2,788

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

estimated payment

$2,788/ monthly

loan $511,920

25-year amortization

down payment20% · $127,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $324,475
property transfer tax: $10,798; BC general rate
cash to close: $138,778; down + PTT
total paid: $836,395

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: −$1,101/mo
Cap rate: 3.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,788 · 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
1.3 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.

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