Welcome to this bright 2 bedroom, 1 bath condo located in Parkwood Elm building. Perfectly matched for first-time buyers, or savvy investors. Open-concept living and dining area, seamless flow into the kitchen you connected with guests or family. Large windows flood the space with natural light, creating a warm and airy ambiance throughout the day. Tucked away down the hall are two well-appointed bedrooms and full bathroom. Convenience with in-suite laundry. Private patio, the perfect spot for your morning coffee. Situated in a prime location, Parkwood complex places you just minutes from all major amenities, including shopping, dining, parks, school, and public transit. Enjoy the ease of urban living tucked away in a welcoming community.
Property details
2
Beds
1 full
Baths
969 ft²
Floor area
1986
Year built
1
Storey
1
Parking
$403/mo
Strata fee
$1,945/yr
Gross tax
Location & structure
Apartment/Condo
Type
None
Basement
Yes
Garage
No
Carport
1
Fireplace
North Surrey
Area
Whalley
Sub-area
Basement
None
Structure
Multi Family
Property highlights
Balcony
In-suite laundry
Patio
Building amenities
Gas included
Hot water incl.
Features & inclusions
Heating
Baseboard, Electric
Parking
Underground, Guest
Lot
Central Location, Recreation Nearby
Interior features
Elevator, Storage
Laundry
In Unit
Community
Shopping Nearby
Additional details
Common interest
Condominium
Main floor (ground)
969 ft²
Tax year
2025
Listed by Royal LePage - Wolstencroft. Data from BCRES. Last updated Jun 30, 2026, 10:24 AM.
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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $75,000 down (20%) on $375,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 1,388 listings
Condo / Apartment
821
59.1%
Detached
377
27.2%
Townhouse
109
7.9%
Land
35
2.5%
Half-duplex
17
1.2%
Other
29
2.1%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Surrey · 665 dwellings
Low-rise apartment445 · 66.9%
High-rise apartment190 · 28.6%
Apartment in duplex20 · 3.0%
Single-detached10 · 1.5%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59152206· Surrey· Transit 90/100 (514m to rapid)· 0.16 km²
Median rent here
$1,390
Owner shelter cost
$1,260
Renters
41.1%
30%+ on shelter
26.6%
Population (2021)
1,319
Median age
37.6
Avg household size
2.0
Avg household income
$80,800
Renters
41.1%
Owners
59.7%
Immigrants
50.6%
Post-secondary
58.3%
Avg home value
$432,000
Single status
36.5%
Not in labour force
25.5%
Households with kids
25.0%
Median rent
$1,390
Owner shelter cost
$1,260
30%+ on shelter
26.6%
Breakdown
Under $5,000
15
2.3%
$10,000 to $14,999
5
0.8%
$15,000 to $19,999
20
3.1%
$20,000 to $24,999
25
3.8%
$25,000 to $29,999
30
4.6%
$30,000 to $34,999
25
3.8%
$35,000 to $39,999
30
4.6%
$40,000 to $44,999
25
3.8%
$45,000 to $49,999
30
4.6%
$50,000 to $59,999
65
9.9%
$60,000 to $69,999
70
10.7%
$70,000 to $79,999
50
7.6%
$80,000 to $89,999
50
7.6%
$90,000 to $99,999
45
6.9%
$100,000 to $124,999
75
11.5%
$125,000 to $149,999
40
6.1%
$150,000 to $199,999
35
5.3%
$200,000 and over
20
3.1%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59152206).
Market story
Rent in Surrey
Census 2021 avg $1,390/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
