2203 10899 University Dr, Surrey BC - Apartment/Condo for Sale - MLS# R3132464

$859,000
Est. Mortgage $3,800/mo
The Observatory
2 Beds
2 Baths
1430 sqft
601 $ /sqft
847.75 $ Maint. fee
1995 built
$859,000
Est. $3,800/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Photos

Property Details for 2203 10899 University Drive

LUXURY, COMFORT AND BREATHTAKING VIEWS. From the moment you walk in the door to this stunning PENTHOUSE, you will be in awe with the precisely executed vision in order to create this luxurious space, which is undoubtedly in a league of its own. Enjoy the spectacular views of the Mountains & Fraser River while you cook and entertain in the open concept kitchen that boasts a beautiful Quartz countertop with waterfall edge, under-mount LED lighting, top of the line stainless steel appliances and quality book-matched cabinetry. No details were spared with features such as the remote controlled hard-wired smart blinds, extensive Low-Profile pot lights on dimmers, gorgeous Italian Porcelain Tile flooring, 10 foot ceilings, and so much more. Imagine the lifestyle and schedule your private viewing

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Instant Hot Water, Oven
Interior Features Storage, Pantry, Vaulted Ceiling(s)
Fireplace 1
Heating Type Baseboard, Electric
Laundry In Unit
# of Kitchens 1
Flooring Tile
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
View Description Panoramic River, Mountain view
Structures Multi Family, Residential Attached

Building Details

Price $859,000
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1430
Year Built 1995
Age Of Building 31
Building Type Apartment/Condo
Property Type Residential
Architecture Style Penthouse, Top Floor Unit
Stories 1
Building Amenities Bike Room, Exercise Centre, Sauna/Steam Room, Caretaker, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal, Water
Building Name The Observatory
Ownership Type Freehold Strata
Maintenance Fee $847.75
Community Features Shopping Nearby
Amenities Nearby Bike Room, Exercise Centre, Sauna/Steam Room, Caretaker, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal, Water
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Garage Under Building, Front Access, Garage Door Opener
Total Parking Spaces 2
Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions 100
Units In Development 127

Lot & Land

MLS® # R3132464
Area North Surrey
Neighbourhood Whalley
City Surrey
Postal Code V3T 5V2
Gross Taxes $3,248.9
Zoning CD

Property Timeline

Status Date Price
R3132464 / Active 06-04-2026 $859,000
R2988400 / Terminated 04-09-2025 $949,000
Rooms
Floor Type Dimensions
Main Level Living Room 14'3 x 14'3 ft
Main Level Kitchen 13'3 x 13'3 ft
Main Level Dining Room 22'7 x 22'7 ft
Main Level Primary Bedroom 12'9 x 12'9 ft
Main Level Walk-In Closet 5'1 x 5'1 ft
Main Level Bedroom 10'7 x 10'7 ft
Main Level Laundry 11'8 x 11'8 ft
Main Level Foyer 10'2 x 10'2 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4
Main Level No #4

Listed by: 2 Percent Realty West Coast

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Elementary
K B Woodward Elementary School
0.75 km
Secondary
Kwantlen Park Secondary School
0.94 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Our Lady of Good Counsel
1.3 km
Elementary, Secondary
Khalsa School (Surrey)
2.09 km

Closest Transit

Bus Stop
Gateway Station @ Bay 1
0.1 km
Skytrain
Skytrain @ Gateway Stn
0.11 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Average

Demographics

Post-Secondary Education
Below Average
18%
No Certificate/Degree
Above Average
21.2%
Owner Occupied
Average
69.7%
Employment Rate
Average
59.5%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

32 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $498,907
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.11 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How WHALLEY compares
This property
35 DOM
Listed
Whalley avg
Surrey avg

2203 10899 University Drive has a sell-speed score of 32/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 41.9% above comparable active properties in Whalley. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V3T 5V2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3T 5V2, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.2 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: New Westminster Sapperton Park, New Westminster (~4.3 km). Annual avg AQHI 0 — Low Risk.

Heat Moderate

Surrey currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~8 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.5 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Increasing

Annual precipitation ~1516 mm (1981–2010 baseline), projected ~1574 mm by the 2050s. Extreme 1-day rainfall: ~51.5 mm baseline, ~57.1 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 2203 10899 University Drive

Pre-computed routes from 2203 10899 University Dr, Surrey, BC

By transit (Skytrain)

  • Downtown Vancouver via Gateway → Waterfront
    40 min
  • Metrotown, Burnaby via Gateway → Metrotown
    22 min
  • SFU Burnaby via Gateway → Production Way
    20 min
  • Richmond Centre via Gateway → Brighouse
    65 min
  • YVR Airport via Gateway → YVR-Airport
    66 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    25 min
  • Metrotown, Burnaby via Lougheed Hwy
    14 min
  • SFU Burnaby via Gaglardi Way
    9 min
  • Richmond Centre via No. 3 Rd
    25 min
  • YVR Airport via Bridgeport / Sea Island
    29 min

Calculate your commute

2203 10899 University Dr, Surrey, BC is ideally located for commuters. The property is 0.1 km from Gateway, with a 40 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Gateway Station @ Bay 1 (0.1 km). Walk Score Transit rating: Excellent Transit (84/100).

Walkability & Transit Near 2203 10899 University Drive

Walk Score Badge
Car-Dependent 91

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 84

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
72

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 2203 10899 University Drive

2026 assessed value, sourced from City of Surrey open data (PID 023-170-506).
Total Assessed Value (2026)
$863,000
2026 Value Trend
Land
$590,000
Buildings
$273,000
Year Built
N/A
Class
N/A
Zoning
CD
Property Tax
N/A
Year Land Improvements Total Assessed YOY Change
2026 $590,000 $273,000 $863,000

Mortgage Calculator for 2203 10899 University Drive

/month
Principal & Interest
Property Taxes $271
Maintenance fee 847.75
Based on a 30-year fixed at 4% interest with 20% down ($171,800), the estimated monthly payment for this listing is $4,400/month — $3,281 principal & interest, $271 property tax, $848 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
At an estimated rental income of $3,026/month, this property runs a $1,428/month shortfall after mortgage and carrying costs. Break-even requires approximately 55% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Whalley, Surrey

Beds Home Types Square Feet Lot Size Year Built
This Home $859,000
Surrey Loading...
Whalley Loading...

Based on 5 comparable active apartments/condos in Whalley, the average asking price is $583,505. This listing is priced 47.2% above the neighbourhood average.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 2203 10899 University Drive

Walk Score Badge
Car-Dependent 91

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 84

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
72

Bike Score - Very Bikeable

Biking is convenient for most trips

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