The Observatory

10899 University Drive, Surrey, BC V3T 5V2

Whalley

Year Built

1995

Units

127

Floors

Building Type

Apartment strata (condo)

Market Overview

Avg Sold Price

$554,400

Median Sold

$505,000

Price Range

$382,000 – $825,000

Avg $/SqFt

$576.37

Sales (2yr)

Active Listings

Avg List Price

$463,970

Last sale: May 10, 2026

Condo Fees

Avg Monthly Fee

$509.28

Median Fee

$487.36

Avg $/SqFt

$0.574

Units w/ Fee Data

Fee IncludesTrash, Caretaker, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal, Sewer

Building Features

ExteriorConcrete, Concrete (Exterior)

AmenitiesSauna/Steam Room, Exercise Centre, Clubhouse, Recreation Facilities, Bike Room

Building TypeApartment strata (condo)

Floors22 storeys

Year Built1995

Policies

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

Rental PolicyRentals allowed (per listing text)

Known Issues & Notes

Known Issues (news/court)

2022-04-22 dispute_crt: Owner disputed $15,742.32 sewage backup chargeback; tribunal found blockage in common property sewer stack and reversed the charge. | 2017-09-08 dispute_crt: Owner disputed rental restriction bylaw and sought records; strata counterclaimed to stop renting strata lot.

Source

Management

Management CompanyAssocia

Phone250-448-0044

Visit Website

About This Building

Registered as strata plan LMS2093, The Observatory is an apartment-style strata building sits at 10899 University Drive in Whalley, Surrey. Records show 127 strata lots, a build year of about 1995 and 22 storeys. Since October 2024 there have been 5 recorded sales, averaging roughly $554,000. Strata fees seen in listings average around $509 a month (about $0.57 per sq ft). Listed amenities include sauna/steam room, exercise centre, clubhouse. Buyers should review the Form B, depreciation report, recent minutes and bylaws before removing subjects.