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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 Sutton 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
$1,349,800
17407 58A AVENUE, surrey, British Columbia

17407 58a Avenue

Surrey, British Columbia

Beautifully Maintained 2 bedrooms 1 bathroom bungalow is now available for sale in the Friendly neighborhood of Cloverdale. Sitting on a huge lot, this house is perfect for first-time home buyers or can be utilized as an investment property. The house contains a den that can be potentially used as a 3rd bedroom, a gas fireplace in the living area-well equipped for cold weather, and a spacious kitchen that leads to the lovely deck. Fully fenced private yard ideal for gardening. House also offers a storage shed for all your gardening tools. Close to Schools, Parks, and all other amenities. Easy access to all major routes. Do not miss this perfect opportunity. (id:48205)

2 Bedroom 1 Bathroom 1198
For sale
$1,349,000
8594 156TH STREET, surrey, British Columbia

8594 156th Street

Surrey, British Columbia

Development potential !! With future sky train only a block away. Spacious 3 bdrm rancher features a tasteful mix of laminate/hardwood, newer carpet and tile floors. Renovated bathroom. Large remodeled kitchen with eating area. Massive living room, Huge sundeck overlooks fully fenced yard. Near new roof, new gutters/down spouts and double glazed windows. Large level lot. Lots of parking, RV/boat. Desirable Fleetwood neighborhood. Near schools shopping and public transit. (id:48205)

3 Bedroom 1 Bathroom 1162
For sale
$1,345,000
14866 57 AVENUE, surrey, British Columbia

14866 57 Avenue

Surrey, British Columbia

Welcome to renovated home. South facing sundeck with mountain view. The master bedroom is air conditioned. Finished basement has a one bedroom suite for mortgage helper. Walking distance to schools, parks, YMCA and shopping. Easy access to HWY99/10. (id:48205)

4 Bedroom 4 Bathroom 1991
For sale
$1,339,000
14850 57 AVENUE, surrey, British Columbia

14850 57 Avenue

Surrey, British Columbia

Stunning 3 storey home on a corner lot w/a mortgage helper in the SULLIVAN STATION area. 3 bedrooms up w/a one bedroom suite down w/huge BRIGHT AND SUNNY windows. Walking distance to the YMCA, shopping & schools. You will love this family home & all that this area has to offer. (id:48205)

4 Bedroom 4 Bathroom 2174
For sale Open House
$1,328,000
24 7979 152 STREET, surrey, British Columbia

24 7979 152 Street

Surrey, British Columbia

Distinguished 4BR 3.5BTH Fleetwood townhome by Infinity Properties. Next to Guildford Golf & Country Club, this immaculate home welcomes you in w/ upgraded a/c, vaulted ceilings & wide plank laminate flooring naturally illuminated through triple-glazed, screened windows w/ 2" blinds. Your breathtaking kitchen features stainless steel appliances w/ gas range, shaker-style cabinets w/ undermount lights, quartz counters & a large island overlooking a generous, greenspace-facing balcony & levelled backyard. This prestigious residence offers 2 primary bedrooms w/ walk-in closets & spa-like en suites w/ heated floors. Boasting a double garage, 2 dens, a loft & many storage spaces, The Links is minutes to schools, grocery, shopping, restaurants, a future skytrain station & several major routes. (id:48205)

4 Bedroom 4 Bathroom 2931
For sale
$1,299,999
18177 59 AVENUE, surrey, British Columbia

18177 59 Avenue

Surrey, British Columbia

Check out this this bright 1,700 sq ft three bedroom, two bathroom rancher is in Cloverdale's prime neighborhood. Features updated flooring, bathrooms, security system, AC and much more. The 66 x 108 rectangular lot spans just over 7,000 sq ft. The home is conveniently located near schools, shopping, recreation center and highway access. This is a great starter home for a small family or if you are looking to downsize. Private showings Wednesday March 13th 1-5PM, open house Saturday March 16th 12-2PM and Sunday March 17th 2-4 PM. Offers if any will be Tuesday March 19th 2PM. (id:48205)

3 Bedroom 2 Bathroom 1712
For sale Open House
$1,299,000
5865 179 STREET, surrey, British Columbia

5865 179 Street

Surrey, British Columbia

Welcome to the perfect home for you and your family! This beautiful two-story split entry house is nestled in the prime area of Cloverdale and sits on a spacious 7300 sq. ft lot. With six bedrooms and four bathrooms, this house has everything you need and more. The main floor is perfect for entertaining guests with its spacious living room and gorgeous kitchen featuring stainless steel appliances and an island. The basement is in great condition and has mortgage helpers, making it an ideal investment. In addition to its amazing features, this house is in close proximity to both elementary and high schools, all within a 5-minute radius. You'll also be just a stone's throw away from transit, shopping centres, and all other amenities. Open House: April 27 & April 28 from 2pm - 4pm (id:48205)

6 Bedroom 4 Bathroom 2305
For sale
$1,299,000
17224 59A AVENUE, surrey, British Columbia

17224 59a Avenue

Surrey, British Columbia

Large 1/2 duplex home with beautiful basement suite (no stairs). Private yard and large single garage 30 x 15.8 with lots of flat parking. Basement entry style with a large private deck off the family room & kitchen. Vaulted ceilings in living & dining rooms. Deck off the front bedroom. The suite was recently added and is like new. Flat access and daylight. Not rented at this time. Quiet no through street. South sunny backyard. tenant parking at the side and separate entrance (id:48205)

4 Bedroom 3 Bathroom 2450
For sale
$1,299,000
5657 149 STREET, surrey, British Columbia

5657 149 Street

Surrey, British Columbia

Welcome to this home features a two& half-story residence situated on an esteemed and serene neighborhood. Boasting 4 bedrooms, 3.5 bathrooms, a games room/bedroom, an office on the basement floor and that can be transformed into an additional bedroom, with approximately 2400 square feet of living space. The house distinctive attributes separate generous living spaces and dining areas on the main floor, sizable and impeccable bedrooms on upper floor .The rear Garage includes built-in racks with spacious store space. It residence close proximity to Tong Louie YMCA community center, Fresh Market ,Sullivan and Kilkee Drive Park. School Catchment: K - 7 Cambridge Elementary & 8 - 12 Sullivan Heights Secondary. (id:48205)

5 Bedroom 4 Bathroom 2285
For sale
$1,265,000
37 16995 64 AVENUE, surrey, British Columbia

37 16995 64 Avenue

Surrey, British Columbia

Welcome to Lexington, a highly desirable gated community! This end unit townhouse offers 3052 sqft of living space including a fully finished basement with ample storage. Featuring 4 bedrooms, 3 bathrooms, and a powder room on the main floor, this home offers functionality and comfort. Updates include laminate flooring in 2018, a modern kitchen with porcelain tiles and freshly painted cabinets in 2023. The main floor showcases a large primary bedroom with a 5-piece ensuite and walk-in closet, while the family room with fireplace opens to a spacious private backyard. The fully finished basement includes a den, rec room, master bedroom with ensuite, and additional storage space. Enjoy community amenities such as a clubhouse, kitchen, gym, and game room. (id:48205)

4 Bedroom 4 Bathroom 3052
For sale
$1,249,900
4 15255 36 AVENUE, surrey, British Columbia

4 15255 36 Avenue

Surrey, British Columbia

Rarely available Ferngrove in preferred Rosemary Heights in Morgan Creek with updates galore & move-in ready! Spacious & quiet, 2 level w basement. Welcoming entrance to open plan living/dining room with vaulted ceilings & fireplace. Hardwood throughout. Bright updated white kitchen with huge sit up island & top tier stainless appliances. Adjacent family room leads to porch, patio & play area. 3 bedrooms upstairs including large primary with updated ensuite, open flex room, laundry & 2 secondary bedrooms. Downstairs features a huge rec-room/home theatre, play area, 4th bedroom/office, full bathroom & ample storage. Roomy double garage w 8'7" door height and lots of storage space. Private fenced west facing yard offers patio, easy-care turf with lots of room for etertaining. All ages & pets welcome; no size restriction for dogs. Steps to Rosemary Heights Elementary, shopping & transit. Well built & well run complex; proactive strata. (id:48205)

4 Bedroom 4 Bathroom 2530
For sale Open House
$1,249,900
7 2828 156 STREET, surrey, British Columbia

7 2828 156 Street

Surrey, British Columbia

Located in Grandview Heights, South Surrey, this 2021-built, four-bedroom townhouse in the Hyde Park Corner community by Zenterra offers elegance. It's a quick 2-minute drive to Highway 99, and nearby are the Shops at Morgan Crossing, Sunnyside Elementary, and Southridge School. This three-level home boasts above-ground floors with forced air heating, AC, a side-by-side double garage, instant hot water, and ample storage. Level 1 features a large room with a full en-suite bathroom. The main level, spanning over 900 sq. ft., showcases an open layout with a vast kitchen equipped with a 10ft island, premium KitchenAid appliances, and access to a 140 sq. ft. balcony, complete with a BBQ hook-up. The top floor houses 3 bedrooms, including a master suite with a walk-in closet. (id:48205)

4 Bedroom 4 Bathroom 2283
For sale Open House
$1,205,000
19431 61 AVENUE, surrey, British Columbia

19431 61 Avenue

Surrey, British Columbia

Warm and inviting. This 4 bed/1.5 bath home has been tastefully updated and lovingly maintained. Designer details and beautiful wood accents make this home stand out - it is not cookie cutter. There is plenty of room for everyone with 3 bedrooms and a full bathroom on the top floor with one bedroom on the main floor (great guest room or home office if you don't need a 4th bedroom). Even a charming custom spot under the stairs for your furry friend to sleep. The backyard is a welcome oasis featuring a hot tub, a covered cedar deck and plenty of room for gardening. Backing onto a greenbelt ensures extra privacy (and a bonus area for the kids to play!) An adorable side patio with a nod to a secret garden also has some extra outdoor storage. Garage features a workbench and the large driveway offers plenty of space to park. Family friendly neighbourhood but walking distance from the future skytrain station and Willowbrook Mall. Open houses Sat, May 4th 1:00 - 3:00 and Sun, May 5th 2 - 4:00. Come view your new home! (id:48205)

4 Bedroom 2 Bathroom 1605
For sale
$1,199,999
18498 66A AVENUE, surrey, British Columbia

18498 66a Avenue

Surrey, British Columbia

Bright Private CORNER LOT Built by reputable builder PARKLANE Homes. 5 bed/ 4 bath home is a POWERSMART energy efficient home with central A/C. 3bdrms UP, Primary bdrm has a walk-in closet and 4 piece bath. Main floor level there is living rm, dining rm, family rm & Kitchen that leads out to a spacious patio area. Downstairs has a potential of a 1bdrm suite or it can be used for the teenage kids wanting their own space. Sellers have done some upgrades over the years:8 year old ROOF, gutters, new S/S appliances , extra pad for PARKING, 1 yr old furnace & Hot water tank, painted in/out and fireplace stone replaced, heated floors in laundry & bathrm. Single car garage w/2 parking spots on the pad. Close to Hillcrest Elementary & amenities. (id:48205)

5 Bedroom 4 Bathroom 2524
For sale
$1,199,900
6098 173A STREET, surrey, British Columbia

6098 173a Street

Surrey, British Columbia

Nestled in the vibrant Cloverdale community, this meticulously maintained Rancher exudes charm and convenience. This cozy 2 bed and 2 bath rancher is ideally situated just steps away from Greenaway Elementary and within walking distance to an array of shops, parks, and recreational facilities, this home epitomizes comfortable living. Sitting on a massive 7200+ Sq.Ft Lot. The open layout welcomes you with spacious and luminous rooms adorned with desirable features such as a cozy gas fireplace, skylight, and bay window, creating an inviting atmosphere for both relaxation and entertaining. The kitchen seamlessly transitions to a covered deck overlooking a sprawling backyard oasis, complete with a meticulous landscaping, offering a perfect setting for outdoor gatherings. (id:48205)

2 Bedroom 2 Bathroom 1227
For sale
$1,199,000
6219 SUNDANCE DRIVE, surrey, British Columbia

6219 Sundance Drive

Surrey, British Columbia

PERFECT STARTER HOME ON A FANTASTIC, QUIET, FAMILY STREET + NO HOMES BEHIND YOU & QUICK POSSESSION POSSIBLE! This is the home you have waited for that allows you to own a great single family home on a nice sized lot without paying Strata fees for a T.home! Clean & well maintained home feat;3bdrms above, 2 baths + LRGE COVERED DECK for year round use w/ Hot Tub too! Bdrms are bright & best part is you have NO NEIGHBOURS Behind you incl. a lrge, fenced S.EXPOSED Yard - amazing for the kids & pets + access to walking trails & field area behind you! Bsmt is finished w/ large Rec Room + area to convert to Bdrm & offers a separate entry should you wish to suite! Updated HW tank, kitchen, roof & windows! Walkable to Schools & parks+ Great proximity to Hwy 15 for border & HWY access! (id:48205)

3 Bedroom 2 Bathroom 1725
For sale Open House
$1,198,888
16418 60 AVENUE, surrey, British Columbia

16418 60 Avenue

Surrey, British Columbia

Charming 2-storey + basement home boasting 2,700 square feet, nestled in the sought-after West Cloverdale area. Upon entering, you're greeted by a grand foyer adorned w/ lofty ceilings. Main floor features a powder, dining & living areas offering ample space for entertaining or quiet relaxation. Upstairs, three spacious bedrooms w/ 2 full baths & a cozy nook ideal for indulging in a good book or creating a productive office space. The heart of the home lies in the luminous & expansive kitchen, appointed w/ maple cabinets, an inviting eating bar, & a convenient pantry, seamlessly flowing into the adjacent family room. A finished basement w/ sep entry presents an opportunity for easy rental suite conversion, enhancing the home's versatility. Double attached garage accessible via lane access, additional parking spot for tenants or guests. South-facing backyard w/ an expansive deck to bask in the abundant summer sun in privacy. Close proximity to schools, golf courses & parks. OH April 20/21 11:00-1:00. (id:48205)

5 Bedroom 4 Bathroom 2700
For sale
$1,198,000
19541 60A AVENUE, surrey, British Columbia

19541 60a Avenue

Surrey, British Columbia

PERFECT starter home! 4 bdrm 2 full bthrm 1969 sf home on a 3608 sf lot on a quiet cul-de-sac in a great neighborhood of Cloverdale, backing onto a permanent park/green space! Nicely taken care of brand new roof and gutter, newer bathrooms, newer paint, newer windows. HUGE laundry room in the bsmt. Great rec room too! 2 bdrms 1 bthrm up and 2 bdrms 1 bthrm down. Basement could convert a two bedroom suite. Great layout. Close to shopping, transit, schools and more. Steps away from the future Willowbrook Skytrain Station. A true gem, MUST SEE IT! (id:48205)

4 Bedroom 2 Bathroom 1969
For sale
$1,189,900
8 6177 169 STREET, surrey, British Columbia

8 6177 169 Street

Surrey, British Columbia

Northview Walk! This stand-alone detached strata home with tons of updates shows like new! 1,994 sq ft, 3 bedrooms + den, 2.5 bathrooms on a big 5,360 sq ft lot backing onto the Athletic Park! Updates galore including hardwood & luxury vinyl plank floors, kitchen, appliances, bathrooms, fixtures, California shutters, mouldings, paint and more! Private wrap-around backyard w/sprinklers, beautiful gardens, and huge synthetic deck to relax! Tons of bonus storage in crawl space. Double side-by-side garage plus driveway gives you room for 2 more cars. Not to mention lots of recent strata complex updates - exterior paint in 2023, new vinyl fences in 2021 and all roofs replaced within the last 5 years! Truly a rare and unique home that you won't find anywhere else. Don't wait! (id:48205)

3 Bedroom 3 Bathroom 1994
For sale
$1,188,000
6047 BROOKS CRESCENT, surrey, British Columbia

6047 Brooks Crescent

Surrey, British Columbia

Welcome to this single, detached 3 Bed/3 Bath home under 1.2 in a great & desirable neighborhood in Langley! Updates include laminate floors throughout baseboards and trims, paint in most rooms and split heat pump. The main floor welcomes you with a living room, kitchen with lots of cabinets, dining area, large family room, laundry & a 2 pc bath. The upper floor has 3 good sized bedrooms including a master bedroom with ensuite. Huge rectangular shaped backyard perfect for summer barbeques and entertaining. Fantastic location close to transit, schools, shopping, parks and recreation. Call to book a private viewing today! (id:48205)

3 Bedroom 3 Bathroom 1603
For sale Open House
$1,150,000
36 7979 152 STREET, surrey, British Columbia

36 7979 152 Street

Surrey, British Columbia

Luxurious 3BR 4BTH Fleetwood townhome. Set amid native landscape next to Guildford Golf & Country Club, this immaculate home welcomes you in w/ roughed-in, easy-to-install a/c & wide plank laminate flooring flowing throughout inviting living spaces naturally illuminated through triple-glazed windows w/ 2" blinds. The chef-inspired kitchen offers s/s appliances, shaker-style cabinets w/ undermount lights, quartz counters & a large island leading to a covered balcony overlooking lush greenspace w/ a creek. Upper-level features sunlit bedrooms & spa-like bathrooms w/ tranquil primary bed boasting vaulted ceilings & walk-in closet while generous rec room w/ half bath below easily converts to suit your needs. The Links is minutes from schools, grocery stores, restaurants, shops & major routes. (id:48205)

3 Bedroom 4 Bathroom 1916
For sale Open House
$1,145,900
17 15255 SITKA DRIVE, surrey, British Columbia

17 15255 Sitka Drive

Surrey, British Columbia

"Floor Plan You don't want to Miss". Discover luxury living in this CORNER DUPLEX townhouse at Wood & Water by Anthem! With rare features like TWO MASTER ENSUITES, this exquisite residence offers the epitome of elegance and functionality. Featuring 4 bedrooms, 3.5 bathrooms, a DOUBLE SIDE-BY-SIDE GARAGE , and a private, sun-kissed backyard, it's the perfect blend of luxury and convenience. Plus, enjoy proximity to green spaces for evening strolls with your kids or pets (2 pets allowed). Nearby shopping and the anticipated arrival of a new Skytrain station just a mere 5-minute drive away, along with the school catchment area of the prestigious Fleetwood Park Secondary and Coyote Creek Elementary, both just a 15-minute walk away, make life in this home much easier.Amenities include gym, games, media & party rooms, and a kids playroom at The Treehouse (id:48205)

4 Bedroom 4 Bathroom 1735
For sale Open House
$1,138,000
123 15500 ROSEMARY HEIGHTS CRESCENT, surrey, British Columbia

123 15500 Rosemary Heights Crescent

Surrey, British Columbia

The Carrington - one of Morgan Creek's most desirable complexes - is waiting for you! This spacious 2 level townhome has all the room you would ever need - with a spacious primary bedroom featuring large ensuite and walk-in closet - and two other rooms for your guest or family to stay and visit! Vaulted ceilings on the main - and very open floor plan for entertaining - the living room and family room both feature gas fireplaces for those winter evenings. Lovely eat-in kitchen, and back patio open to your private fenced garden and yard, - this feels like a house! So much to enjoy in this complex - including an outdoor pool, rec/exercise centre - and guest suites as well! This is a 55+ gated complex - minutes from everything - including golf, shopping - you name it! All this can be yours! (id:48205)

3 Bedroom 3 Bathroom 2208
For sale Open House
$1,128,000
6600 185 STREET, surrey, British Columbia

6600 185 Street

Surrey, British Columbia

LOCATION, LOCATION, LOCATION! Rare find gem home in the most desired neighborhood, walking distance to schools, shopping and park. PERFECT for young family and first time buyers. OPEN HOUSE May 11th Saturday and May 12th Sunday 2PM-4PM Virtual Tour https://youtu.be/j5q6YnD1e2o (id:48205)

3 Bedroom 3 Bathroom 2067
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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 Sutton 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