Home Surrey, BC Whalley Observatory 2203 10899 University Drive

2203 10899 University Dr, Surrey BC V3T 5V2 – Condo for Sale – MLS® R3132464

2203 10899 University Drive, Surrey, British Columbia V3T 5V2

Surrey Condos for Sale

162 days on the market

$859,000

Est. monthly cost $4,581/mo

Updated with MLS® - Nov 13, 2026 at 12:40am

The Observatory

2 Beds

2 Baths

1430 sqft

601 $ /sqft

847.75 $ Maint. fee

1995 built

Photos

LUXURY, COMFORT AND BREATHTAKING VIEWS. Step inside this stunning PENTHOUSE and experience a complete, down to the studs transformation engineered to create a masterfully executed, world class space. Experience a league of your own with spectacular mountain and Fraser River views that frame the open concept chef’s kitchen. It boasts premium quartz countertops with a waterfall edge, under mount LED lighting, top of the line stainless steel appliances, and custom book matched cabinetry. No detail was spared, featuring hard wired smart blinds, extensive low profile pot lights on dimmers, gorgeous Italian porcelain tile flooring, soaring 10-foot ceilings, and so much more! Imagine the lifestyle and schedule your private viewing today.

Building 28 fields Inside & out 13 fields Lot & land 7 fields

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
Unit Style	Corner unit
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

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

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
to view full Property History (1 earlier record)

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.

About the building: Observatory

10899 University Drive, Whalley, Surrey

Observatory building details

Building

Built: 1995
Homes: 127 in 22 storeys
Construction: Concrete
Title: Freehold Strata
Strata plan: LMS2093
Managed by: Associa
Parking: Visitor Parking, Garage: Underground
Lockers: Limited
Strata fee covers: Snow removalRecreation FacilityManagementHot WaterGasGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 2
Rentals: Allowed

Market at Observatory

For sale: 6
Median ask: $379K
Median $/sqft: $580
Days on market: 104
Sold, past year: 1

This home

$601/sqft, 3.6% above the building median of $580.

Homes for sale at Observatory, Surrey Recent sold listings in Observatory, Surrey

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map, sell speed & climate

SkyTrain 0.11 km · Kwantlen Park Secondary School 5.7/10 · 0.94 km · crime average · sell-speed score 24/100 (may take longer) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (15 nearby)

Alebi african cuisine · 502 m · Restaurant
Taqueria jalisco mexican restaurant · 533 m · Restaurant
Goto moto & huong que · 539 m · Restaurant

Shopping (14 nearby)

Td · 172 m · Bank
Shoppers drug mart · 198 m · Pharmacy
U-haul self-storage & truck rental · 314 m · Car Rental

Groceries (8 nearby)

Nesters market · 178 m · Supermarket
Bc liquor store · 438 m · Beverages
African superstore · 462 m · Supermarket

Cafes (4 nearby)

Waves coffee house · 137 m · Cafe
Ken's tea house · 494 m · Cafe
Huyen cafe · 687 m · Cafe

Healthcare (3 nearby)

Shoppers drug mart · 198 m · Healthcare
Gain pharmacy · 526 m · Healthcare
Pharmasave · 686 m · Healthcare

Transit (2 nearby)

Skytrain @ gateway stn station · 110 m · Transit
Bus stop westbound 104 ave @ 132 st · 993 m · Transit

Public Schools

Elementary
K B Woodward Elementary School: Below Average 0.75 km 3.7/10
Secondary
Kwantlen Park Secondary School: Average 0.94 km 5.7/10

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: Above Average 1.3 km 8.5/10
Secondary
Honour Secondary School: 2.7 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

24 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $507,500

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk

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

162 DOM

Listed

2203 10899 University Drive has a sell-speed score of 24/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 69.3% above comparable active properties in Whalley. The local market is currently a Buyer's Market with a sales-to-active ratio of 10.9% — buyers have more leverage. With 2148 competing homes currently listed, this property has significant competition. 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. Nearest station: New Westminster Sapperton Park, New Westminster (~4.3 km). Annual avg AQHI 0 — Low Risk.

Heat Moderate

Surrey currently sees ~1 day 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.

Schools NearBy

19 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
City Central Learning Centre	Public	Grades Served 10-12	Catchment Info —	3.0 / 10	Distance 533 m
K B Woodward Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	3.7 / 10	Distance 745 m
Kwantlen Park Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	5.7 / 10	Distance 940 m
James Ardiel Elementary School	Public	Grades Served K-7	Catchment Info —	3.7 / 10	Distance 1.08 KM
Forsyth Road Elementary School	Public	Grades Served K-7	Catchment Info —	3.3 / 10	Distance 1.12 KM
Our Lady of Good Counsel	Independent	Grades Served K-7	Catchment Info —	8.5 / 10	Distance 1.30 KM
Surrey Traditional School	Public	Grades Served K-7	Catchment Info —	5.6 / 10	Distance 1.35 KM
Old Yale Road Elementary School	Public	Grades Served K-7	Catchment Info —	4.2 / 10	Distance 1.50 KM
Mary Jane Shannon Elementary School	Public	Grades Served K-7	Catchment Info —	3.7 / 10	Distance 2.15 KM
Ellendale Elementary School	Public	Grades Served K-7	Catchment Info —	3.0 / 10	Distance 2.34 KM
Guildford Park Secondary School	Public	Grades Served 8-12	Catchment Info —	5.5 / 10	Distance 2.37 KM
Lena Shaw Elementary School	Public	Grades Served K-7	Catchment Info —	4.0 / 10	Distance 2.40 KM
Prince Charles Elementary School	Public	Grades Served K-7	Catchment Info —	4.5 / 10	Distance 2.54 KM
Honour Secondary School	Independent	Grades Served 10-12	Catchment Info —	N/A	Distance 2.70 KM
Continuing Ed SD36 (Queen Elizabeth)	Public	Grades Served —	Catchment Info —	3.1 / 10	Distance 2.93 KM
Iqra School	Independent	Grades Served K-7	Catchment Info —	9.2 / 10	Distance 2.94 KM
Queen Elizabeth Secondary School	Public	Grades Served 8-12	Catchment Info —	5.4 / 10	Distance 2.94 KM
Hjorth Road Elementary School	Public	Grades Served K-7	Catchment Info —	3.1 / 10	Distance 2.94 KM
Cedar Hills Elementary School	Public	Grades Served K-7	Catchment Info —	4.3 / 10	Distance 2.97 KM

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

2203 10899 University Dr, Surrey, BC Gateway 0.1 km

40 min

Downtown Vancouver Waterfront Station

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

Walker's Paradise 91

Walk Score - Walker's Paradise

Daily errands do not require a car

Excellent Transit 84

Transit Score - Excellent Transit

Transit is convenient for most trips

Very 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

Property Tax

N/A

Year	Land	Improvements	Total Assessed	YOY Change
2026	$590,000	$273,000	$863,000	—

Costs & calculators

Monthly cost about $4,581/month · rent estimate $3,185/month · owning catches up with renting by year 18 · cash flow if rented −$1,609/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 2203 10899 University Drive

$4,581 /month

Principal & Interest $3,462

Property Taxes $271

Maintenance fee $848

The estimated monthly cost of 2203 10899 University Drive, Surrey is $4,581: $3,462 principal and interest with 20% down over 30 years at 4.45%, plus $271 property tax and $848 strata fee.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

−$1,609 /month

Mortgage Payment $3,462

Monthly Cash Flow −$1,609

Break Even Down Payment 58%

Cap Rate -2.2%

Cash on Cash -11.2%

If 2203 10899 University Drive, Surrey were rented at $3,185 a month with 5% vacancy, it would fall $1,609 a month short of the mortgage and carrying costs; about 58% down would break even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 2203 10899 University Drive, Surrey

$3,185 / month

Rent $3,185

Own $4,581

Principal: $1,113/mo Interest, tax, insurance, fees: $3,468/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$932/mo (year 1) → ~$2,167/mo (year 20) → ~$3,233/mo (year 29).

Net cost to own at year 5 ~$3,468/mo About $283/mo more than renting

EstateBlock estimates 2203 10899 University Drive, Surrey would rent for about $3,185 a month.

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Rent vs own: 2203 10899 University Drive

Rent vs own

Owning catches up by year 18

With 20% down ($171,800) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $61,239

Principal paid off by year 10 $137,706

Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.

Renting 2203 10899 University Drive, Surrey is cheaper at first, but owning catches up by year 18, with $61,239 of principal paid off by year 5 and $137,706 by year 10.