Ocean Bay Villas

15368 16a Avenue, Surrey, BC
Built 2004
157 units
Lowrise
3 active

About Ocean Bay Villas

Ocean Bay Villas at 15368 16A Avenue are perfectly located within South Surrey. The building itself is completely rain screened. The homes feature great 9 foot ceilings, open plan layouts and oversized windows to ensure maximum light flow. The good sized balconies are perfect for you to enjoy all summer. Ocean Bay Villas is just minutes away from all you could ever need! Find local shopping, services, parks, schools, restaurants, recreation centers and outdoor trails right at your doorstep. You are sure to love the convenient and beautiful living that Ocean Bay Villas offer! 

Amenities

Exercise Centre
Recreation Facilities

School Catchment

Investor Insights — Condos in King George Corridor

Estimated rental yields based on MLS data for condos in King George Corridor.

Type Beds Avg Rent Avg Sale Strata Net Yield
Condo 1 $2,075/mo $354,088 $330/mo 4.9%
Condo 2 $2,632/mo $530,874 $509/mo 4.1%

Net yield accounts for strata fees, property tax, and insurance. View full analysis

Neighbourhood

$516,000Median home value
$68,500Median household income
79.7%Owner-occupied
13.4%Single-detached homes
1.8Avg household size
65.5Median age
34.1%Bachelor's degree or higher (25-64)
57.6%Commute under 30 min
80.8%Drive to work
33.1%Foreign-born residents
3,641Neighbourhood population

Age

Under 15: 7%15 to 64: 41.9%65 and over: 51.1%
  • Under 157%
  • 15 to 6441.9%
  • 65 and over51.1%

Household size

  • 1 person47.3%
  • 236.9%
  • 38.7%
  • 44.9%
  • 5 or more2.2%

Language spoken at home

70.3% English mother tongue

  • Mandarin5.8%
  • German2.5%
  • English + other2.3%
  • Punjabi2%
  • Tagalog1.5%
  • French1.5%
  • All others14.1%

Mother tongue, share of 3,430 residents.

How this pocket differs

  • notably fewer children under 15 than King George Corridor 7% vs 13.2%
  • notably more seniors 65+ than King George Corridor 51.1% vs 31.7%
  • notably fewer 5+ person households than King George Corridor 2.2% vs 6.2%
  • notably fewer 4-person households than King George Corridor 4.9% vs 12.6%
  • notably more people living alone than King George Corridor 47.3% vs 30.4%
  • fewer Mandarin speakers than King George Corridor 5.8% vs 8.2%
  • Median household income is lower than Metro Vancouver $68,500 vs $90,000
  • Median dwelling value is notably lower than Metro Vancouver $516,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

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