Surrey · Panorama Ridge 57 Ave at 124 St Surrey
3 Bedroom Apartment for Rent in Surrey
$2,000 / month
A 1,800 ft² three-bedroom in Surrey, asking $2,000 a month. The listing mentions den and furnished. It leaves 5 obvious questions unanswered, starting with: what floor is it on?
At $2,000 for 1,800 square feet, the asking rent works out to $1.11 per square foot.
That is $988 below the middle of the 168 comparable rentals we are tracking in Surrey, where most ask between $2,600 and $3,300.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- What floor is it on?
- Which way does it face?
- Is parking included or extra?
- Are pets allowed?
- When is it available?
Roughly where it is
Approximate — listings rarely give an exact address, so treat this as the block, not the door.
Renting in Surrey
Surrey City Centre has the cheapest new high-rise in Metro Vancouver. A new one-bedroom with a gym and parking here costs what an older walk-up costs in Vancouver.
How this compares
What we’d expect it to ask
$3,358 / month
8 times in ten the answer lands between $2,579 and $4,239. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $2,000 is $1,358 below that — further below than the ±13.7% we can put down to our own error. On size and location alone, it asks less than its neighbours do.
Asks less than we’d expect
What moves that number
Each line is the difference this one thing makes, holding everything else where it is. They do not add up to the rent.
Location
No SkyTrain station within walking distance, about 84 min to Waterfront.
Scored from the map pin alone — rapid transit, town centres and parks, in straight lines. It knows nothing about the street, the hill, the building or the neighbours, and buses and the SeaBus are not in it, so places served by those score lower here than they deserve.
Against the ones next to it
$2,000 is $988 below the middle of the 168 3-bedrooms we are tracking in Surrey right now ($2,988). Most of them ask between $2,600 and $3,300.
A straight count of asking prices in the area, with nothing adjusted for — unlike the estimate above, it does not care that this one is bigger or closer to a station.
What the estimate cannot see
Floor, view, condition, noise and everything inside the walls are missing from all but a handful of the advertisements we index, so none of them are priced in above. Two identical floor plans, one renovated and one not, get the same estimate from us.
The advertisement doesn’t say, and it matters:
- What floor is it on?
- Which way does it face?
- Is parking included or extra?
- Are pets allowed?
- When is it available?
Estimated from the listings on this site, not a market survey, and from asking rents — what a home is advertised at, not what it lets for.
Similar in Surrey
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3 bed · Surrey
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3 bed · 1025 ft² · East Vancouver
3 bed · 1000 ft² · East Vancouver
3 bed · 850 ft² · Vancouver
3 bed · 800 ft² · East Vancouver
3 bed · 450 ft² · Burnaby
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Worth reading before you view it
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