The present study has been conducted to determine the surface water quality of urban area in Savar, Dhaka, Bangladesh by determining some water quality parameters (Transparency, Temperature, pH, EC, Eh, DO, TSS, TDS, TS, BOD5, COD, TOC, Cl-, Br-, SO4-2, NO3-, NO2-, PO4-3, TP, HCO3- and Total alkalinity) as well as the status of phytoplankton’s community in the water from two lakes (Tiger Lake and AERE Lake) and one canal (Karnapara Canal). It has been shown that, with exception of BOD and COD, all water quality parameters of AERE Lake in the present study are within the acceptable limits, recommended by local and international standards. Among water quality parameters of Tiger Lake and Karnapara Canal, the concentration of transparency, temperature, EC, DO, TSS, TDS, BOD, COD, TOC, NO2-, and TP exceed the acceptable limits. Organic Pollution Index (OPI) demonstrate that the water bodies are severely polluted by organic matters. R mode Cluster Analysis (CA) suggests that common sources of water quality parameters are industrial, agricultural, and natural. The Principle Component Analysis/Factor Analysis (PCA/FA) identifies two dominant factors, responsible for data structure, explaining 100% of total variance in the data set. The PCA agrees with CA, suggesting that multiple anthropogenic and natural sources are responsible for the water quality parameters. The present study reflects the actual scenario of surface water quality of Savar urban area, thus helping the policy planers and makers of the People’s Republic of Bangladesh to take proper management and abatement strategies for the management of sustainable water resource in Bangladesh.