501 10899 University Dr, Surrey, BC | MLS^® R3078291 Property Details

The Observatory is a 22-storey concrete building ideally located 2 in walk near SkyTrain, shopping, schools, universities, community centre, and amenities, featuring this spacious 1 bedroom, 1 bathroom condo with 722 sq. ft. of living space plus a private covered balcony. The functional layout offers a kitchen, open living and dining areas, a good-sized bedroom, and a full bathroom with in-suite laundry. This pet-friendly strata allows two dogs, two cats, or one of each (breed restrictions apply), with strata fees of approximately $375/month including hot water and gas. Additional features include a gas fireplace, one secure underground parking stall, one storage locker, visitor parking, and excellent renovation potential.

General Info

Price $459,000

Total Bedrooms 1

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 722

Lot Size -

Lot Size Depth -

Lot Size Frontage -

Basement None

Basement Features BasementFeatures

Property Metrics

Year Built 1995

Age Of Building 31

Building Type Apartment/Condo

Property Type Residential

Stories 1

Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove

Building Amenities Clubhouse, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities

Building Features BuildingFeatures

Structures Multi Family, Residential Attached

Additional Details

MLS^® # R3078291

Area North Surrey

Neighbourhood Whalley

City Surrey

Gross Taxes $1,868.82

Ownership Type Freehold Strata

Maintenance Fee $371.6

Community Features Gated

Amenities Nearby Clubhouse, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities

Heating & Cooling

Fireplace 1

Heating Type Baseboard

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type Underground, Guest, Front Access

Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed

Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions

Rental Restrictions 100

Zoning CD

Rental Suites None

Laundry In Unit

# of Kitchens 1

Flooring Mixed

Foundation Concrete Perimeter

Interior Features Elevator, Storage

Locker -

View Description Partial Mountains

Units In Development 127

Exterior Features Balcony

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Foyer	9'2 x 9'2 ft
Main Level	Kitchen	9'2 x 9'2 ft
Main Level	Dining Room	12'1 x 12'1 ft
Main Level	Living Room	13'2 x 13'2 ft
Main Level	Primary Bedroom	11'2 x 11'2 ft
Main Level	Patio	11'4 x 11'4 ft

Listed by: Royal LePage Global Force Realty

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.

Neighborhood Info

Public Schools

Elementary

K B Woodward Elementary School

Average

0.74 km

5.5/10

Secondary

Kwantlen Park Secondary School

0.93 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

1.29 km

9.7/10

Excellent

Elementary, Secondary

Khalsa School (Surrey)

2.08 km

Closest Transit

Bus Stop

Gateway Station @ Bay 1

0.09 km

Skytrain

Skytrain @ Gateway Stn

0.10 km

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

Here's the rewritten text:

Imagine yourself strolling through the vibrant neighborhood of Whalley, Surrey, BC, as we explore the wonderful community surrounding 501 10899 University Drive, MLS^® R3078291.

Let's start with the local schools. Your kids will thrive at K B Woodward Elementary School, which is just a short 0.74 km away from this property. With a rating of 5.5/10, this school offers a great education, and families love this area because of its excellent schools. Plus, the property is also serviced by Kwantlen Park Secondary School, located 0.93 km away. This school has a rating of No Rating, and we're confident that your child will receive a top-notch education.

If you're looking for independent schools, Our Lady of Good Counsel is just 1.29 km away and has a rating of 9.7/10. This is a great option for families who value a strong education. Alternatively, Khalsa School (Surrey) is a secondary independent school with No Rating, located 2.08 km from this property.

Now, let's talk about safety. According to the latest statistics from Statistics Canada (2020), this neighborhood has an overall crime rate of 7,512.73, which is Average compared to other Canadian cities. The year-by-year change in the total crime rate is -12.05%, showing a decrease in crime over the years. If we look at specific crime types, the drug crime rate near MLS^® R3078291 is Above Average, but we're committed to keeping this community safe.

When it comes to public transportation, you'll be just 0.09 km away from the Gateway Station @ Bay 1, making it easy to get around without a car. Plus, with an average commute time of 30 minutes, you'll have plenty of time to enjoy the many lifestyle amenities in this area.

Now, let's talk about demographics. This neighborhood is home to a diverse community, with 18% of residents holding a university certificate or degree, which is Average compared to other BC neighborhoods. However, 21.2% of the population has no certificate or degree, which is Above Average. The median household income is $52,626, which is Below Average, while the median personal income is $27,883, also Below Average. Despite this, 69.7% of households in this area have a mortgage, which is High.

In terms of employment, the unemployment rate in this area is 10.5%, which is Above Average. However, the population change between 2011 and 2016 was 4.1%, which is Above Average. The average age of the population is 43.2, which is Above Average compared to other BC cities.

This property is situated in a community with a mix of renters and owners, with 46.9% of the population renting their homes, which is High compared to other BC cities. The average value of dwellings in this neighborhood is $353,267, which is Average. The average owner payments are $1,132, while tenants pay an average of $938, both of which are Average.

Lastly, let's talk about transportation. 35% of the population in this area uses public transportation, which is High, while 61% use cars, which is Low. Only 0% of residents use bicycles, and 2.7% walk, both of which are Below Average.

As a trusted realtor with extensive knowledge of British Columbia real estate, I'd be happy to answer any questions you have about this property and the surrounding community. Contact me today to schedule a viewing of 501 10899 University Drive, MLS^® R3078291!