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About Parkwoods Balsam
Parkwoods Balsam is a well-maintained four-storey wood-frame lowrise apartment complex located in the vibrant Whalley neighbourhood of Surrey, BC. Built in the early 1980s, this established community offers excellent value for first-time homebuyers and investors seeking affordability without compromising on location. The building features spacious one and two-bedroom units, many with in-suite laundry, gas fireplaces, and private balconies or patios that provide outdoor living space. Situated in Surrey's most walkable neighbourhood, Parkwoods Balsam places residents steps away from the King George SkyTrain Station, providing seamless transit access throughout Metro Vancouver. The location offers unparalleled convenience with Surrey Central Mall, major retailers like Walmart and T&T, schools at all levels, and Surrey Memorial Hospital within minutes. The neighbourhood is also close to SFU, recreation facilities, and diverse dining and shopping options. With affordable strata fees that typically include gas and hot water, underground parking, and dedicated storage lockers, this building represents an ideal entry point into Surrey real estate for owner-occupants and investors alike.
School Catchment
Investor Insights — Condos in Whalley
Estimated rental yields based on MLS data for condos in Whalley.
| Type | Beds | Avg Rent | Avg Sale | Strata | Net Yield |
|---|---|---|---|---|---|
| Condo | 1 | $1,772/mo | $274,882 | $344/mo | 5.1% |
| Condo | 2 | $2,317/mo | $419,397 | $492/mo | 4.4% |
| Condo | 3 | $2,818/mo | $546,400 | $603/mo | 4.2% |
Net yield accounts for strata fees, property tax, and insurance. View full analysis
1 active listing in Parkwoods Balsam
110 13507 96 AVENUE
111 13507 96 AVENUE
305 13507 96 AVENUE
315 13507 96 AVENUE
117 13507 96 AVENUE
304 13507 96 AVENUE
2 homes have sold in Parkwoods Balsam in the past year
Find out what your home here could sell for in today's market.
Neighbourhood
Age
- Under 1511.1%
- 15 to 6478.5%
- 65 and over10.4%
Household size
- 1 person44.7%
- 229.4%
- 312.5%
- 47.7%
- 5 or more5.8%
Language spoken at home
35.6% English mother tongue
Mother tongue, share of 9,785 residents.
How this pocket differs
- notably fewer 5+ person households than Whalley 5.8% vs 9.3%
- fewer 4-person households than Whalley 7.7% vs 10.5%
- more people living alone than Whalley 44.7% vs 35%
- more Korean speakers than Whalley 3.5% vs 2.5%
- more Mandarin speakers than Whalley 7.7% vs 5.6%
- more Hindi speakers than Whalley 4% vs 3.2%
- Median household income is lower than Metro Vancouver $62,800 vs $90,000
- Median dwelling value is notably lower than Metro Vancouver $448,000 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.