About The Observatory
The Observatory is a prestigious 22-story concrete highrise located in the heart of Whalley, Surrey, at 10899 University Drive. Built in 1995, this well-maintained 127-unit residential tower offers an ideal blend of urban convenience and scenic beauty. Residents enjoy breathtaking panoramic views of the Fraser Valley, mountains, and cityscape from multiple vantage points throughout the building. The prime location puts you steps away from Gateway SkyTrain Station, providing seamless connections to Downtown Vancouver, SFU, and Surrey Central Mall. The surrounding neighbourhood offers excellent walkability with nearby shopping centres featuring Nesters Market, TD Bank, and Shoppers Drug Mart, plus easy access to Chuck Bailey Recreation Centre and Whalley Athletic Park. The Observatory combines high-rise sophistication with exceptional amenities and a welcoming community atmosphere, making it an excellent choice for those seeking modern urban living with unparalleled views and connectivity.
Amenities
School Catchment
Investor Insights — Condos in Whalley
Estimated rental yields based on MLS data for condos in Whalley.
| Type | Beds | Avg Rent | Avg List Price | Strata | Net Yield |
|---|---|---|---|---|---|
| Condo | 1 | $1,760/mo | $413,201 | $339/mo | 3.4% |
| Condo | 2 | $2,305/mo | $554,486 | $497/mo | 3.2% |
| Condo | 3 | $2,818/mo | $734,180 | $570/mo | 3.1% |
Net yield accounts for strata fees, property tax, and insurance. View full analysis
Pets & Rentals
Bylaw wording
Pets: “2 cats; or B. 2 dogs; or C. 1 cat and 1 dog; (e) notwithstanding the generality of Bylaw 3.4(d), no Owner shall keep or permit to be kept on the Premises: i. a Prohibited Dog; or ii. an exotic pet, including but not limited to snakes, reptiles, spiders, or large members of the cat family. (f) notwithstanding the generality of Bylaw 3.4(d), no Owner shall keep on the Premises: i.”
Rentals: “No owner, tenant or occupant will for any reason grant a license to any person to occupy a strata lot for the purpose of short-term accommodations, temporary accommodations, or vacation”
From the strata bylaws on file dated 2024-02-22. Bylaws can change — check the current bylaws before you buy.
6 active listings in The Observatory
202 10899 UNIVERSITY DRIVE
2102 10899 UNIVERSITY DRIVE
907 10899 UNIVERSITY DRIVE
1904 10899 UNIVERSITY DRIVE
507 10899 UNIVERSITY DRIVE
1903 10899 UNIVERSITY DRIVE
606 10899 UNIVERSITY DRIVE
1 home has sold in The Observatory in the past year
Find out what your home here could sell for in today's market.
Neighbourhood
Age
- Under 1513%
- 15 to 6469.5%
- 65 and over17.5%
Household size
- 1 person39.2%
- 228.3%
- 315%
- 410%
- 5 or more7.5%
Language spoken at home
44.1% English mother tongue
Mother tongue, share of 2,730 residents.
How this pocket differs
- more seniors 65+ than Whalley 17.5% vs 12.4%
- fewer Punjabi speakers than Whalley 6.2% vs 9%
- more Spanish speakers than Whalley 3.3% vs 2.5%
- fewer Tagalog speakers than Whalley 5.5% vs 7.2%
- more Korean speakers than Whalley 3.1% vs 2.5%
- Median household income is lower than Metro Vancouver $63,600 vs $90,000
- Median dwelling value is notably lower than Metro Vancouver $472,000 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.