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$999,000

801 1501 FOSTER STREET

White Rock · MLS® R3119854

All units at 1501 Foster St →

2 bed · 2 bath · 1,122 sq ft · 2 parking

Condo · Single Family · built 2022 · 81 days on market

Listed by Peggy Davies, RA Realty Alliance Inc.

Realtor's description

Ocean view 2 bedroom with den. In the Gem of White Rock *** Foster Martin*** Engineered Hardwood floor throughout the home, over height front entry door, the kitchen is fully equipped for top-chef style cooking with full-size Miele integrated appliances. Residents of Foster Martin have access to 10,000 square feet of health and wellness amenities including an indoor/outdoor heated pool, steam room, sauna and gym, a full-service concierge, and much more. . . Unit includes 2 parking stalls side by side, storage locker and bike locker...Please call for your showing appointment.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,122 sq ft
Parking: 2
Year built: 2022
Property tax: $4,478 / yr
Strata fee: $711 / mo ($0.63 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 81
MLS®: R3119854

Features

No Smoking Home
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator
Hot Tub

Price check

2026 assessment: $978,000 · asking is +2.1%
Price per sq ft: $890 vs $639 median for condos in White Rock for sale (164)

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 81 days · no price changes so far

The market here

Listed now: 41 days; median for 166 condos for sale; this one 81 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$978,000	$4,224

The listing shows $4,478 a year in property tax.

Estimate: the BC Assessment value times White Rock'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

$5,437/mo

Mortgage $4,353 · Tax $373 · Strata $711

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

estimated payment

$4,353/ monthly

loan $799,200

25-year amortization

down payment20% · $199,80020%+ 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: $506,564
property transfer tax: $17,980; BC general rate
cash to close: $217,780; down + PTT
total paid: $1,305,764

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: $1,813/mo
After all costs: −$3,804/mo
Cap rate: 0.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,353 · tax $373 · strata $711 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in White Rock (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: 9,943 m² (107,025 sq ft). From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

White RockGoogle Maps ↗

Location

White RockGoogle Maps ↗

Schools

Catchment schools, Surrey School District 36

Elementary White Rock Elementaryhomes in this catchment
600 m away · 1273 Fir St, White Rock · 604-531-5731
Secondary Semiahmoo Secondaryhomes in this catchment
900 m away · 1785 148 St, Surrey · 604-536-2131

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 20 storey building
370 m away · 2025 · conditionally approved
Rezoning from Comprehensive Development Zone (CD) Bylaw No. 13881 to and Community Commercial Zone (CD) to Comprehensive Development Zone (CD); Subdivision from two (2) lots into two (2) lots (lot line adjustment and road dedication); General Development Permit to permit development of two 20-storey mixed-use buildings on the northeast portion of the site and to separate this portion of the subjec

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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