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Cloverdale BC Homes for Sale

Cloverdale BC is a rapidly growing area making Cloverdale an ideal and safe place for real estate investments. Cloverdale has been recognized as the second fastest area of growth in Greater Vancouver Regional District (GVRD) with promising forecasts of rising house prices over the coming years. Cloverdale MLS listings show that many homes for sale in Cloverdale BC are located on quiet inner streets where you may find children playing in the front yard or enjoying road ball hockey. Contact Stonehaus Real Estate agent Natasha Taylor of the Taylor Team at 1-778-316-4290 to find out more about condos, townhomes and detached homes for sale in Cloverdale, British Columbia.

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For sale
$16,500,000
4586 176 STREET, Surrey, British Columbia

4586 176 Street

Surrey, British Columbia

COURT ORDER SALE: 110 ACRE - FOOD PROCESSING FACILITY. Large 30,000 SQ/FT Freezer with 30 Ft. Height, 9,302 SQ/FT Frozen fruit processing buildings with IQF Tunnel, 6,192 SQ/FT Blast Coolers, 6,624 SQ/FT Fresh fruit processing building, 4,838 SQ/FT Dairy product processing building, 4,834 SQ/FT Controlled atmosphere building, 3,802 SQ/FT Lunch room with washrooms, 2,000 SQ/FT Shipping and receiving building with loading docks, 1,896 SQ/FT of Office space, and 3 Homes. Large parkade is great for outdoor storage, and truck access. Fertile soil is great for various crops. Close to all amenities and easy access to Highway #17, Highway #10, Highway #1, and USA Border. (id:48205)

For sale
$16,500,000
4586 176 STREET, Surrey, British Columbia

4586 176 Street

Surrey, British Columbia

COURT ORDER SALE: 110 ACRE - FOOD PROCESSING FACILITY. Large 30,000 SQ/FT Freezer with 30 Ft. Height, 9,302 SQ/FT Frozen fruit processing buildings with IQF Tunnel, 6,192 SQ/FT Blast Coolers, 6,624 SQ/FT Fresh fruit processing building, 4,838 SQ/FT Dairy product processing building, 4,834 SQ/FT Controlled atmosphere building, 3,802 SQ/FT Lunch room with washrooms, 2,000 SQ/FT Shipping and receiving building with loading docks, 1,896 SQ/FT of Office space, and 3 Homes. Large parkade is great for outdoor storage, and truck access. Fertile soil is great for various crops. Close to all amenities and easy access to Highway #17, Highway #10, Highway #1, and USA Border. (id:48205)

4 Bedroom 2 Bathroom 3,200 ft2
For sale
$16,500,000
15965 80A AVENUE, Surrey, British Columbia

15965 80a Avenue

Surrey, British Columbia

Great family home on a spacious lot close to 8,000 sq ft! Conveniently located near all levels of schools, parks, and a recreation centre -- perfect for growing families. Features include durable aluminum railings, a roof replaced approximately 5-7 years ago, and updated gutters done about 5 years ago. A well-maintained property in a prime location! (id:48205)

5 Bedroom 3 Bathroom 2,860 ft2
For sale
$14,250,000
6859 168 STREET, Surrey, British Columbia

6859 168 Street

Surrey, British Columbia

Incredible opportunity for the future here! 126 acres in the very Heart of Surrey with 140 m of frontage along 168th St. This property is prime land that borders famous Northview Golf Course and the Serpentine river. This property stretches from 168th all the way to 160th and will soon have a 4 lane truck route with approx. 1.6 km of frontage along 72nd Ave expansion (Surrey's largest transportation investment in it's history)! It is estimated that 37,000 vehicles will pass by daily!! Think long term for a nursery, garden center, off farm gate sales, or build your estate home with room to park your trucks and toys! Bring your ideas to this generational property that will never be replaced. (id:48205)

For sale
$5,500,000
5948 156 STREET, Surrey, British Columbia

5948 156 Street

Surrey, British Columbia

28.42 ACRES WITH 2 Homes and 3 Buildings. 1st Home is 3,4792 SQ/FT with 6 Bedrooms and 4 Bathrooms, and 2nd Home is 600 SQ/FT with 1 Bedroom and 1 Bathroom. The 1st Building is 24,780 SQ/FT with a 17'4" ceiling, 3 large bays, concrete floors, and a backup generator. The 2nd Building is 3,600 SQ/FT, and the 3rd is a Building Foundation of 12,800 SQ/FT, if you needed to build another building. Great location to build an Estate Home and build an Agribusiness Facility or Agritourism. Well-drained farm with fertile soil suitable for various crops, fruits, and vegetables. Walking distance to all shopping and amenities, and easy access to Highway #10, #17, and #1. (id:48205)

For sale
$5,500,000
5948 156 STREET, Surrey, British Columbia

5948 156 Street

Surrey, British Columbia

28.42 ACRES WITH 2 Homes and 3 Buildings. 1st Home is 3,4792 SQ/FT with 6 Bedrooms and 4 Bathrooms, and 2nd Home is 600 SQ/FT with 1 Bedroom and 1 Bathroom. The 1st Building is 24,780 SQ/FT with a 17'4" ceiling, 3 large bays, concrete floors, and a backup generator. The 2nd Building is 3,600 SQ/FT, and the 3rd is a Building Foundation of 12,800 SQ/FT, if you needed to build another building. Great location to build an Estate Home and build an Agribusiness Facility or Agritourism. Well-drained farm with fertile soil suitable for various crops, fruits, and vegetables. Walking distance to all shopping and amenities, and easy access to Highway #10, #17, and #1. (id:48205)

6 Bedroom 4 Bathroom 3,492 ft2
For sale
$4,549,900
4806 168 STREET, Surrey, British Columbia

4806 168 Street

Surrey, British Columbia

Discover the perfect opportunity to build your dream home or expand your business on this stunning 9.28-acre property near the serene Nicomen River. Conveniently located on a quiet route to YVR and within close proximity to Langley and Surrey, this property offers exceptional potential. It features a concrete slab ready to build a shop with 3-phase 100-amp power available, perfect for farming or business needs. The property includes established buildings currently operating as a 56-dog room and 12-cat room kennel, ideal for generating additional income or maintaining a reliable tenant. Whether you envision a custom-built residence, growing your agricultural operation, or leveraging the current kennel business, this versatile property has it all. Don't wait; book your personal tour today! (id:48205)

2 Bedroom 1 Bathroom 1,628 ft2
For sale
$4,099,900
3271 196 STREET, Surrey, British Columbia

3271 196 Street

Surrey, British Columbia

Opportunity to acquire Light Industrial (IL) 1 acre of flat land in the prime area of Campbell Heights Business Park. Two properties adjacent to the subject property on the south side have 3rd reading from the city of Surrey for rezoning. Services will be at the property line once the adjacent property is developed. Check with the city for details. (id:48205)

2 Bedroom 1 Bathroom 1,186 ft2
For sale
$3,999,000
4938 188 STREET, Surrey, British Columbia

4938 188 Street

Surrey, British Columbia

LOCATION! Situated in a rural setting minutes away from the city. This property is located to all amenities including: all levels of school, Willowbrook Mall, Cloverdale industrial park, and the US border. A HIGH income producing blueberry farm! With 21.46 acres of fertile land, it is an ideal property for both agricultural and recreational opportunities. The combination of being in a rural setting yet still close to urban amenities and major highways makes it even more appealing. The property already has two of the top blueberries--Duke and Elliot--and is producing over 200,000 lbs per year. There is an irrigation system in place as well. Picturesque setting featuring Mt. Baker views, prime location to build your dream estate or creating an equestrian setup or hobby farm. (id:48205)

For sale
$3,790,000
18679 54A AVENUE, Surrey, British Columbia

18679 54a Avenue

Surrey, British Columbia

Custom Luxury Home in One of Cloverdale's Most Sought-After Neighborhoods This exceptional 3-level custom-built residence sits on a large lot and offers 9 bedrooms and 9 bathrooms, including 3 separate rental income sources. With thoughtful design and upscale finishes throughout, this home is truly one-of-a-kind. Enjoy a spacious backyard complete with a covered patio, ideal for outdoor entertaining. The gourmet kitchen features double islands, a chef's kitchen, and high-end appliances, perfect for cooking and hosting. Upstairs, you'll find four generously sized bedrooms, while the main level includes a second primary suite. Below is a full retreat of its own, offering a large media room, bar and mudroom. Detached couch house offers + rent. Unmatched space, quality and location. (id:48205)

9 Bedroom 9 Bathroom 5,811 ft2
For sale
$3,648,000
16390 48 AVENUE, Surrey, British Columbia

16390 48 Avenue

Surrey, British Columbia

(APROX.) 10 ACRES BLUEBERRY FARM WITH A WELL-KEPT TWO-STOREY HOUSE. House has 4 beds & 2 baths for upstairs use, downstairs mortgage helper 2 bedroom basement suite. Whole house rented for $4000 on MTM basis. Double Garage, huge parking space for 10+ vehicles, fenced yard for security. Build your DREAM HOME on this beautiful piece of land as others have done on the same road. Easy access to major highways #15, #10 & 15 minutes away from the US border. Minutes from the city while providing a country-like setting. The property is located on a dead-end street with endless views of mountains and farmland. Past seasonal production has seen an average of 60,000-80,000 lbs of crop. Agricultural/produce warehouses have already been built on some properties on 48 Ave. Truck route. (id:48205)

6 Bedroom 3 Bathroom 3,684 ft2
For sale
$3,500,000
18536 64 AVENUE, Surrey, British Columbia

18536 64 Avenue

Surrey, British Columbia

**Investor Alert! Subdivision Potential in Cloverdale!** This expansive property boasts a generous lot of over 17,000 sq. ft. with an impressive 124.5 feet of frontage and backs onto a lane. Ideally situated in a prime, central location, it's perfect for building your dream home or subdividing into two RF lots (pending city approval). The property also provides ample parking and convenient access via the back lane. Additionally, with a PLA in place, the potential exists to create 3 lots and build 3 duplexes, offering a total of 6 units. Don't miss this incredible opportunity! (id:48205)

7 Bedroom 3 Bathroom 2,860 ft2
For sale
$3,499,000
5585 148 STREET, Surrey, British Columbia

5585 148 Street

Surrey, British Columbia

Welcome to Panorama Ridge! This custom-built masterpiece, nestled on a sprawling 17,000 sq. ft. lot, offers unparalleled elegance. The grand foyer with soaring ceilings sets the tone for this luxurious home. The main floor features primary suite and a gourmet chef's kitchen with a spice kitchen. Accordion doors open to a private backyard. Highlights include exquisite marble floors, five fireplaces, and a fully equipped basement with a media room, bar, indoor pool, sauna, and gym. This property also boasts two coach homes (a studio and a three-bedroom unit) and a bachelor suite in the basement, all serving as excellent mortgage helpers. Enjoy smart home automation and superior soundproofing for a serene and private retreat. Conveniently located for easy access to highways and amenities, this home perfectly blends opulence and convenience. Don't miss this exceptional opportunity for lavish living! (id:48205)

7 Bedroom 11 Bathroom 8,695 ft2
For sale
$3,499,000
17027 40 AVENUE, Surrey, British Columbia

17027 40 Avenue

Surrey, British Columbia

Rare Opportunity: 9.43 Acres with Two Homes and a Blueberry Farm! This outstanding property offers the opportunity to build your dream home in the future, spanning 5,400 sq ft-property access to city utilities, including water, gas, hydro, and electricity. Located centrally, east of Morgan Creek, it offers beautiful views of the valley and mountains. Currently, two homes generate an annual rental income of $75,000, while about $40,000 is earned from blueberry sales. Additionally, a 10,000 sq ft pre-load area is currently undergoing city approval for a 7,700 sq ft building. The farm is planted with five-year-old Liberty variety blueberries, equipped with full drip irrigation. It is conveniently close to schools, transit, shopping, and has easy access to Highway #10. (id:48205)

6 Bedroom 3 Bathroom 3,616 ft2
For sale
$3,498,000
17986 67 AVENUE, Surrey, British Columbia

17986 67 Avenue

Surrey, British Columbia

Incredible opportunity to secure over 30,000 sqft of prime land assembly in the heart of Cloverdale with potential for RF-13 lots or townhomes. Please do your due diligence with the city of Surrey.This home offers over 3700 Sqft. of living space with 4 bathrooms. Ideally located close to everything - future SkyTrain station, local schools, grocery stores, Willowbrook Shopping Centre, T&T Supermarket, Costco, and schools. The custom-built home offers a spacious and functional layout, perfect for a growing family. Enjoy a south-facing backyard with a large detached workshop. Recent upgrades include a newly installed EV charger and replaced furnace. Whether you are a developer, investor, or a family come check it out. (id:48205)

3 Bedroom 4 Bathroom 3,758 ft2
For sale
$3,450,000
8281 148 STREET, Surrey, British Columbia

8281 148 Street

Surrey, British Columbia

Serenity within the city! Enjoy the sounds of birds and viewing wildlife from this unique and amazing property. Located on a quiet no-thru street, close to transit, shopping, restaurants, golf course, etc, 2 blocks from Maple Green Elementary School and approx. 10 blocks from the future Skytrain Station. This Rancher, on a park-like setting, includes a walk-out basement with a 2 bedroom unauthorized suite, separate entry and laundry. Well-kept yard and workshop with 220 power. Potential to subdivide the property by rezoning plus keep the existing home. Price Creek runs along the western edge of the property. Sewer at 84th and 148 is about 500 feet away. (id:48205)

4 Bedroom 3 Bathroom 2,625 ft2
For sale
$3,399,900
6354 184 STREET, Surrey, British Columbia

6354 184 Street

Surrey, British Columbia

Welcome to Cloverdale's hidden gem! Nestled in the heart of Cloverdale, within walking distance to all amenities including shopping, restaurants, transit, and the recreation center, this stunning property offers an unparalleled opportunity. Boasting over 19,000 sqft of prime real estate, the potential is limitless. The centerpiece of this property is a gorgeous home that spans over 5,000 sqft of luxurious living space. With its elegant design and thoughtful layout, but that's not all - envision the opportunity to unlock the full potential of this property with the ability to subdivide and build! Whether you're looking for a charming family home or an investment opportunity, this property offers the best of both worlds. (id:48205)

5 Bedroom 5 Bathroom 5,223 ft2
For sale
$3,299,999
16521 58 AVENUE, Surrey, British Columbia

16521 58 Avenue

Surrey, British Columbia

A rare opportunity to own in Cloverdale's most prestigious neighborhood! Built by Marathon Homes, this luxury residency blends elegance with thoughtful design. Featuring soaring ceilings, high-end finishes, a gourmet JennAir kitchen, and a spacious spice kitchen. The main floor offers a stunning master bedroom with a spa-like ensuite. Upstairs boasts four oversized bedrooms, each with its own ensuite. The basement includes a large rec room, gym area, and a beautiful 2-bedroom suite- perfect for guests or rental income. Smart e-locks, a covered patio for entertaining, and a landscaped backyard complete this exceptional home. Must-see! (id:48205)

9 Bedroom 8 Bathroom 6,940 ft2
For sale Open House
$3,199,999
5733 W KETTLE CRESCENT, Surrey, British Columbia

5733 W Kettle Crescent

Surrey, British Columbia

Stunning 7,538 sq.ft. luxury home in prime Sullivan Station! This 10 bed, 10 bath masterpiece offers high-end finishes, 18' ceilings, a chef's dream kitchen + wok kitchen, and a main floor master suite. Enjoy seamless indoor-outdoor living with a covered deck and built-in BBQ. Bonus: theatre room, full bath, custom bar, and (3) income-generating 1-bed basement suites with great tenants. Walk to schools, shops, dining, and transit. Perfect for families and investors-live in style while your home pays you. Rare opportunity-don't miss out! (id:48205)

10 Bedroom 10 Bathroom 7,538 ft2
For sale
$3,199,000
17218 58TH AVENUE, Surrey, British Columbia

17218 58th Avenue

Surrey, British Columbia

Welcome to the pinnacle of luxury in the heart of Cloverdale! This exceptional 6,738 sqft estate on an 11,216 sqft lot offers 11 bedrooms, 10 bathrooms, and three rental suites, including a detached unit-an incredible mortgage helper. Step inside to soaring ceilings, dual staircases, and an open-concept design. The chef's kitchen, oversized spice kitchen, and large pantry make entertaining effortless. Premium features include stainless steel appliances, radiant heating, and central A/C. The basement boasts a private theatre room, while the expansive patio and covered deck provide seamless indoor-outdoor living. Perfect for large or multi-generational families, this home is truly one of a kind. Don't miss out-book your showing today! (id:48205)

8 Bedroom 10 Bathroom 6,738 ft2
For sale
$2,999,999
5920 181 STREET, Surrey, British Columbia

5920 181 Street

Surrey, British Columbia

[[[ VIEWS VIEW VIEWS ]]] NEW 3 Level House with 8 Beds & 9 Baths. Sitting on TOP of the Hill with FIVE balconies to enjoy the VIEWS. House is highly automated with Control 4 automation. House feature high end finishing including: home automation, floating metal stairs, stainless steal appliances, back up generator, sound proofed walls & ceilings, sauna, steam room, water sprinklers and high end windows with nano doors. Home has two rental suites below each with dedicated entries. (id:48205)

8 Bedroom 9 Bathroom 6,220 ft2
For sale
$2,999,000
7585 156 STREET, Surrey, British Columbia

7585 156 Street

Surrey, British Columbia

RARE OPPORTUNITY - A FARMER'S DREAM IN FLEETWOOD, SURREY! This 6.8-acre gem is truly one of a kind, nestled in one of the fastest-growing neighbourhoods in Surrey! Boasting a 3100+ sqft home. The sunny southwest-facing land backs onto the scenic EAGLE QUEST GOLF COURSE and features breathtaking views of Mount Baker and the city. With CITY WATER, SEWER, and NATURAL GAS, this property is perfect for hobby farming, growing blueberries, vineyards, or other agricultural ventures. Surrounded by a charming residential subdivision, Surrey Lake, and a golf course, this is also a prime holding property with future development potential. The land features versatile spaces under existing powerlines for storage or creative uses, including parking for up to two commercial vehicles/trucks. (id:48205)

4 Bedroom 3 Bathroom 3,174 ft2
For sale
$2,999,000
14971 76A AVENUE, Surrey, British Columbia

14971 76a Avenue

Surrey, British Columbia

This property has EVERYTHING you are searching for in your next development project! From sitting on a HUGE 24,292 sq ft EASILY SUB-DIVIDABLE lot, to the rectangular parcel with a generous 183-foot frontage (183x133), this is a beautiful location in the sought-after & exclusive Chimney Hills neighbourhood. It provides building potential for 3 or 4 lots. Oh, and did we mention it BACKS ONTO A GOLF COURSE?! Very solid & well-maintained home to live/rent/hold while you finalize your development plans. Visit REALTOR® website for WAY more information! (id:48205)

3 Bedroom 3 Bathroom 2,073 ft2
For sale
$2,900,000
6209 184 STREET, Surrey, British Columbia

6209 184 Street

Surrey, British Columbia

ATTENTION HEALTHCARE PROFESSIONALS !! Welcome to Clover Heights Retirement Home! This well-maintained assisted living facility on the main floor offers 11 units 15bathrooms, a commercial kitchen, front reception, cozy living and dining areas, a lounge, office space, pharmaceutical storage, and so much more - everything you need to run a thriving care home. Upstairs, enjoy the convenience of a spacious 2-bed, 2-bath owner/operator suite, giving you the ultimate live-and-work setup. Step outside to peaceful sitting areas, a gazebo, ample visitor parking front and back , as well as walkways that wrap around the beautifully maintained property. Whether you're a licensed care provider, looking to expand your services, or dreaming of running your own retirement home, this is your chance. (id:48205)

13 Bedroom 12 Bathroom 6,640 ft2
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About The City of

Cloverdale

Cloverdale makes up a decent portion of Surrey but is very different from the typical feel and lifestyle of other parts of Surrey BC. Cloverdale real estate offers a safe place to live and raise a family. There are many great schools, great recreational centres, and plenty of annual events and activities to keep one entertained. Additionally, Cloverdale is home to the renowned Cloverdale Rodeo and Cloverdale Athletic Park. Then there’s also The Cloverdale Millennium Amphitheatre, which features special Canada Day celebrations, annual fairs and rides, Cancer Fundraisers (with live bands and concerts), plus many more festive events.

Cloverdale, BC is a quaint town within Surrey and just west of the City of Langley. This historic small town started off as a farming community in the late 1800’s due to its fertile land a temperate climate. Nowadays, Cloverdale is one of the most respected cities in Surrey with dozens of heritage buildings, a large film and television scene, and the famous Cloverdale Rodeo, which just so happens to be the fifth largest rodeo in Canada.

Neighborhoods in

Cloverdale

There are plenty of amazing neighborhoods in Cloverdale, each offering a slightly different lifestyle. Whether you’re looking for luxurious and modern neighborhoods, or a quiet rancher cul-de-sac, Cloverdale has it all.

Cloverdale has a lot of farmland but to accommodate the growth of the city, Cloverdale opened up some of the land reserves to welcome the construction of numerous new neighborhoods. Because of this, new homes for sale in Cloverdale, BC can be quite affordable when compared to other communities in the Fraser Valley.

map of clodverdale neighborhoods
  • North Cloverdale West
  • Lord Tweedsmuir
  • Churchland Park Area
  • Downtown Cloverdale
  • West Cloverdale South
  • Cloverdale Heights
  • Greenaway Park

  • Claude Harvie

  • West Cloverdale North
  • Bose Forest Area

  • AJ McLellan Park

  • Guy Richardson Park

Amenities in

Cloverdale

In recent years, the City of Surrey has been working closely with Cloverdale council to further develop the cities amenities. Many of the most respected athletic parks and Recreation Centre’s in Surrey are located in Cloverdale.

If you’ve ever visited Cloverdale before, then you must have noticed how they have plenty of parks, recreational facilities, libraries, and public spaces. Cloverdale is a tight-knit community with a very strong commitment to art, sports, and recreation.

  • Cloverdale Recreation Centre
  • Clayton Community Centre
  • Cloverdale Arena
  • Hazelgrove Park
  • Cloverdale Athletic Park
  • Museum of Surrey
  • Clayton Dog Off-leash Park

There are plenty of excellent schools in Cloverdale. Whether you’re planning to send your children to prestigious private schools, public elementary schools, or enroll them in after-school studies, there are dozens of options available.

For families thinking of making a move to Cloverdale, BC here is a list of all Elementary and Secondary Schools.

Cloverdale Elementary Schools:

  • A.J. McLellan – 16545 61 Avenue
  • Adams Road – 18228 68 Avenue
  • Clayton – 7541 – 184 Street
  • Cloverdale Traditional – 17857 – 56 Avenue
  • Don Christian – 6256 – 184 Street
  • East Clayton – 18680 – 72 Avenue
  • George Greenaway – 17285 – 61A Avenue
  • Latimer Road – 19233 – 60 Avenue
  • Martha Currie – 5811 – 184 Street
  • Sunrise Ridge – 18690 – 60 Avenue
  • Surrey Centre – 16670 Old McLellan Road
  • William Watson – 16450 – 80 Avenue

Cloverdale Secondary Schools:

  • Clayton Heights – 7003 188 Street
  • Lord Tweedsmuir – 6151 180 Street

Private Schools in Cloverdale:

  • Cloverdale Catholic – 17511 59 Avenue
  • Cloverdale Christian School – 5950 179 Street
  • Diamond Elementary and Secondary – 18620 56 Avenue
  • Relevant High School – 18620 56 Avenue
  • William of Orange Christian School – 17465 60 Avenue

Shopping and entertainment are two things Cloverdale locals take very seriously. With plenty of local entrepreneurs with shops in Downtown Cloverdale and large-scale rodeo events held at the 30,000 sqft Agriplex.

  • Cloverdale Rodeo & Country Fair
  • Elements Casino
  • Fraser Downs Racetrack
  • Northview Golf & Country Club

In recent years, Cloverdale has been working to improve its public transportation and walkability scores. While the downtown core is easily walkable, the rest of Cloverdale mostly requires a vehicle for efficient transportation.

  • Uber
  • Translink
  • Pacific Cabs Taxi Service
  • KPU Inter-Campus Shuttles

Economic Stats for

Cloverdale

Whenever you’re thinking about purchasing a property, it is worth understanding how the local economy is performing. By having a strong understanding of Cloverdale’s economic statistics you will then be able to determine whether the investment is right for you and your family.

Cloverdale’s population is growing at a faster rate than the rest of Surrey. Between 2011 and 2016, Clovderdale’s population grew by 21% compared to Surrey’s 11% growth.

As more and more Vancouver families relocate to the East of the Fraser River, Cloverdale is well-positioned for significant population growth over the next 5 to 10 years.

The last 2016 Census Data shows Cloverdale’s average household income at $103,000 per year. With all of the recent economic improvements in the town, it is reasonable to predict the average household income will continue to grow over the next decade.

Similar to many other communities within the Fraser Valley, Cloverdale has seen excellent appreciation in the last few years.

Cloverdale March 2021 Price Three Year % Change
Detached House $1,338,000 28%
Townhouse $696,1000 14%
Apartment/Condo $504,000 -0.5%

(From MLS® Home Price Index – Fraser Valley Real Estate Board March 2021.)

CLOVERDALE CONDOS

While the benchmark price for condos in Cloverdale is near $500,000 as of March 2021 there are still several condos for sale in the $400,000 range. Most new condos in Cloverdale are situated between 64 and 68 Avenue in close proximity to Willowbrook Shopping Center on the border of Cloverdale and Langley. Top choices for condos in Cloverdale include family-oriented Calera within walking distance of Clayton Heights, the highly sought-after Waterstone complex with state-of-the-art amenities, and resort-style living at Saint Andrews near Northview Golf Course.

CLOVERDALE TOWNHOMES

The real estate market in Cloverdale is primarily made up of single and multifamily detached homes with an ever-growing amount of row houses and townhomes being developed throughout the Clayton Real Estate section of Cloverdale. Homes for sale in Cloverdale are priced very reasonably compared to other Lower Mainland communities but are likely to see an increase in prices over the next few years. Starting prices for townhomes for sale in Cloverdale are approximately $650,000! This makes it easy to see why the townhome prices are likely to go up in the Cloverdale area as there are not a lot of places left in Surrey’s Real Estate market that start at such a low of a price point or are in as good of condition and age.

CLOVERDALE DETACHED HOMES

Detached homes for sale in Cloverdale start at approximately $1,00,000 – $1,800,000. You can’t go wrong buying a home in Cloverdale as a lot of detached homes for sale have suites to provide additional income. The amount of rent will vary depending on what part of Cloverdale you are in plus the size, age, and design of the secondary suite. Our Stonehaus Realty agents at The Taylor Team are top producing realtors in Cloverdale. We can help ensure you are making the right decision when buying a home in Cloverdale with a suite, and that you can maximize your rental income.

Residential Property Tax Rate for Surrey from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.189%     0.123%       0.346%
2019     0.176%     0.114%       0.319%
2018     0.181%     0.116%       0.326%

While Cloverdale has a wide variety of industries and businesses, there is a heavy emphasis on agricultural products and services.

It comes as no surprise that the Cloverdale Rodeo is such a national success considering how many of the locals are deeply engrained in the agricultural industry whether directly or indirectly.

Film and Television have a large presence in the community as well. With the likes of Andy Samberg, Danny DeVito, and Megan Fox all having shot several hit films in town.

Rental Potential in

Cloverdale

Are you a rental property investor searching for your next property? Or even a young family looking to offset the cost our your dream home with a mortgage help? Then you need to understand the common costs and rental rates in Cloverdale.

Before you take the first step in acquiring a real estate investment it is best that you understand the most common costs associated with acquiring and maintaining a rental property.

  • Property Transfer Tax – This is a provincial tax on the transfer of ownership between the seller and buyer. In general, it is 1% – 3% of the fair market value.
  • Lawyer Fees – These fees vary depending on the firm’s rates and whether you will be financing or paying cash for the property. That being said, in general, the cost is approximately $1,000 – $2,000.
  • Property Taxes – All real estate in BC is impacted by property taxes in one way of another. In Cloverdale, you can expect to pay around 0.334% of the BC assessment value each year.
  • Strata Fees – If you’re purchasing a property that has a strata corporation, then you can expect to pay a monthly fee to the strata. Most, if not all, apartments, townhomes, and condos have a monthly strata fee. This can range from $200 – $500+ per month.
  • Repairs & Maintenance – Most savvy investors budget 1 – 2 % of the fair market value of the property for repairs and maintenance.
  • Property Management – Who will manage the screening of tenants? What about collect the rents and abide by the BC Tenants Act? Property management companies can manage all of the day-to-day operations for anywhere from a 6 – 10% commission.

Much like the rest of Surrey, Cloverdale has experienced an increase in demand for rental properties.

In fact, CMHC’s reported that in 2017 vacancy rates were as low as 0.6% across Surrey. Considering there has been a shortage in housing in the last several years, we can only assume vacancy rates are similar to 2017 levels.

As reported by CMHC, Surrey’s average rental rates are in excess of $1,000 per month with the graph showing a healthy trend up-and-to-the-right.

As we all know, each neighbourhood and property type will be able to demand rental rates at different rates. So it’s best to speak with a local real estate agent who understands your property and the market demand.

Estimated Monthly Rents:

1 Bedroom – $1,150 – $1,400 per month

2 Bedroom – $1,700 – $1,900 per month

3 Bedroom – $2,200 – $3,400 per month