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$639,000

520 13968 LAUREL DRIVE

Surrey · MLS® R2902371

2 bed · 1 bath · 673 sq ft · 1 parking

Condo · Single Family · built 2024 · 825 days on market

Listed by Benson Lee, Nu Stream Realty Inc.

Realtor's description

Welcome to OAK & ONYX, located at the heart of Surrey downtown. This desirable location closed to shopping center, transit, universities, schools, restaurants, and Parks. This unit is perfect for all buyers/inventors. This bright 5th floor offers 2 bedrooms and 1 bath. It offers SS appliances, quartz countertops, ensuite laundry, and lots of cabinetry for storage. 2-5-10 warranty included. Great opportunity that you wouldn't want to miss.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 673 sq ft
Parking: 1
Year built: 2024
Strata fee: $355 / mo ($0.53 / sq ft)
Days on market: 825
MLS®: R2902371

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer
Microwave

Price check

Price per sq ft: $949 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 825 days

The market here

Listed now: 63 days; median for 1003 condos for sale; this one 825 days

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

Monthly cost

$3,139/mo

Mortgage $2,784 · Strata $355

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

estimated payment

$2,784/ monthly

loan $511,200

25-year amortization

down payment20% · $127,80020%+ 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: $324,019
property transfer tax: $10,780; BC general rate
cash to close: $138,580; down + PTT
total paid: $835,219

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: −$1,452/mo
Cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,784 · strata $355 · 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 Simon Cunningham Elementaryhomes in this catchment
500 m away · 9380 140 St, Surrey · 604-588-4435
Secondary Queen Elizabeth Secondaryhomes in this catchment
900 m away · 9457 King George Blvd, Surrey · 604-588-1258

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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