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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 Open House
$1,529,000
6556 CLAYTONHILL PLACE, surrey, British Columbia

6556 Claytonhill Place

Surrey, British Columbia

STOP THE CAR! This beautifully maintained family home is looking for new owners! Main floor features double door entry, grand foyer with spiral staircase, sunken living room, formal dining room - room for everyone, country style kitchen with large island - a chef's dream, eating area & family room plus 2 gas fireplaces. Oversized windows allow an abundance of natural light, at night they close with your custom interior shutters. Powder room, laundry room, & access to the double garage. Top floor are your 3 bedrooms, including a primary with windows on two sides, large enough for all sizes of furniture, walk-in closet, built in make up station & spa ensuite with soaker tub & separate shower! Don't forget a fully covered private back patio with hot tub on a manicured 7080 sq/ft lot! (id:48205)

3 Bedroom 3 Bathroom 2077 sqft
For sale
$1,525,000
7130 148 STREET, surrey, British Columbia

7130 148 Street

Surrey, British Columbia

This elegant family home awaits your discovery. Featuring 4 spacious bedrooms and 3 bathrooms upstairs, along with a generously sized living and family room. Enjoy the custom-built kitchen with ample storage, a dining area, and a cozy breakfast nook. Located in East Newton neighbourhood next to parks and elementary schools, this friendly situated home also comes with a 3 bedroom mortgage helper! Open house on Saturday March 15 and Sunday March 16 from 2-4pm. Tenanted, 24 hours notice needed. (id:48205)

7 Bedroom 5 Bathroom 3316 sqft
For sale
$1,499,999
17430 64 AVENUE, surrey, British Columbia

17430 64 Avenue

Surrey, British Columbia

Discover a superb investment opportunity on an expansive 7200+ sq ft lot in Cloverdale with back lane access and a large driveway! This home offers 3 bedrooms, 2 full bathrooms, and kitchen on the main floor; 3 bedrooms, 2 full bathroom & kitchen on ground level. This home is located just steps away from transit, Save on foods, London Drugs, restaurants, Cloverdale Athletic Park, George Greenaway Elementary and so much more! Buy to live in or as a great investment property! Come take a look before its gone! (id:48205)

6 Bedroom 4 Bathroom 3456 sqft
For sale Open House
$1,499,900
6334 171 STREET, surrey, British Columbia

6334 171 Street

Surrey, British Columbia

Welcome to your dream home in Cloverdale, Surrey! This exquisite 4-bedroom + den, 3 FULL bathroom residence, nestled at the end of a peaceful cul-de-sac beside a park, offers the ultimate in comfort and convenience. Meticulously upgraded, it features Centra windows for abundant natural light, PEX plumbing for longevity, and a beautifully appointed kitchen with Columbia cabinets. Enjoy the convenience of radiant floor heating in the wheelchair-accessible basement bathroom and embrace the hot water on demand, ensuring your comfort at all times. Situated on a vast 7100 sq ft lot, the property boasts professional landscaping and a covered back deck. Additional highlights include a high-efficiency furnace and a workshop in the garage, perfect for hobbies. Your new home is steps away from Cloverdale Athletic Park, offering a bike park, sports fields, playgrounds, and a splash park just outside your doorstep, making it the perfect family friendly location. The basement can also be converted into a 1 or 2 bed suite. (id:48205)

4 Bedroom 3 Bathroom 2091 sqft
For sale
$1,499,900
5820 184 STREET, surrey, British Columbia

5820 184 Street

Surrey, British Columbia

Very solid updated rancher with a full u/a basement suite. On a lane and across from Martha Currie School. Lots of parking in front and in the back. High on Cloverdale hill on a large lot. Invest in the future. Excellent property. See floorplan. Lot size 7190 with side lane and back lane. Seller will rent back. 24 hr notice for showing (id:48205)

4 Bedroom 2 Bathroom 2297 sqft
For sale Open House
$1,499,888
6081 145A STREET, surrey, British Columbia

6081 145a Street

Surrey, British Columbia

Sullivan Heights Exceptional built by Marathon Homes. l! Spacious & super clean home with 6 bedrooms & 4 bathrooms with many updates including Brand New Paint, new SS Fridge, new lighting fixtures, and much more! 4 bedrooms upstairs including spacious master bedroom with walk-in closet and en-suite. Chef's kitchen with granite counters, SS appliances, and lots of windows for natural light. Fully finished 2 bedrooms rental suite in the basement with separate laundry as a great mortgage helper!! Good sized BACKYARD for kids to play in. CENTRALLY located in one of the most desired neighborhoods in Surrey. Walking distance to Goldstone Elementary and Sullivan Heights Secondary School. Close to transit, shopping, YMCA and all other amenities. (id:48205)

6 Bedroom 4 Bathroom 3173 sqft
For sale
$1,499,800
16677 16 AVENUE, surrey, British Columbia

16677 16 Avenue

Surrey, British Columbia

Embark on an exciting journey with ALARA II, Symbolic Construction Group's upcoming project in South Surrey arriving in winter 2024. Each 8 exquisite half-duplex home showcases top-quality finishes, offering unparalleled comfort and style without strata hassles. These modern 5-bedroom, 5-bath half-duplexes boast premium features, including a 10' ceiling on the main floor, large windows for natural light, quartz countertops, high-end appliances, and energy-efficient natural gas heating. Tiled bathrooms and accent walls add sophistication. Enjoy three-level living with a separate entry, spacious rec room, games room, and 2 bedrooms and baths downstairs. The detached garage is equipped with 220 volts, and a 2-5-10 Home Warranty is included. Secure your dream home at ALARA II by booking today! (id:48205)

4 Bedroom 4 Bathroom 2808 sqft
For sale
$1,499,800
16669 16 AVENUE, surrey, British Columbia

16669 16 Avenue

Surrey, British Columbia

Embark on an exciting journey with ALARA II, Symbolic Construction Group's upcoming project in South Surrey arriving in winter 2024. Each 8 exquisite half-duplex home showcases top-quality finishes, offering unparalleled comfort and style without strata hassles. These modern 5-bedroom, 5-bath half-duplexes boast premium features, including a 10' ceiling on the main floor, large windows for natural light, quartz countertops, high-end appliances, and energy-efficient natural gas heating. Tiled bathrooms and accent walls add sophistication. Enjoy three-level living with a separate entry, spacious rec room, games room, and 2 bedrooms and baths downstairs. The detached garage is equipped with 220 volts, and a 2-5-10 Home Warranty is included. Secure your dream home at ALARA II by booking today! (id:48205)

4 Bedroom 4 Bathroom 2808 sqft
For sale
$1,499,800
16665 16 AVENUE, surrey, British Columbia

16665 16 Avenue

Surrey, British Columbia

Embark on an exciting journey with ALARA II, Symbolic Construction Group's upcoming project in South Surrey arriving in winter 2024. Each 8 exquisite half-duplex home showcases top-quality finishes, offering unparalleled comfort and style without strata hassles. These modern 5-bedroom, 5-bath half-duplexes boast premium features, including a 10' ceiling on the main floor, large windows for natural light, quartz countertops, high-end appliances, and energy-efficient natural gas heating. Tiled bathrooms and accent walls add sophistication. Enjoy three-level living with a separate entry, spacious rec room, games room, and 2 bedrooms and baths downstairs. The detached garage is equipped with 220 volts, and a 2-5-10 Home Warranty is included. Secure your dream home at ALARA II by booking today! (id:48205)

4 Bedroom 4 Bathroom 2808 sqft
For sale
$1,499,800
16673 16 AVENUE, surrey, British Columbia

16673 16 Avenue

Surrey, British Columbia

Embark on an exciting journey with ALARA II, Symbolic Construction Group's upcoming project in South Surrey arriving in winter 2024. Each 8 exquisite half-duplex home showcases top-quality finishes, offering unparalleled comfort and style without strata hassles. These modern 5-bedroom, 5-bath half-duplexes boast premium features, including a 10' ceiling on the main floor, large windows for natural light, quartz countertops, high-end appliances, and energy-efficient natural gas heating. Tiled bathrooms and accent walls add sophistication. Enjoy three-level living with a separate entry, spacious rec room, games room, and 2 bedrooms and baths downstairs. The detached garage is equipped with 220 volts, and a 2-5-10 Home Warranty is included. Secure your dream home at ALARA II by booking today! (id:48205)

4 Bedroom 4 Bathroom 2808 sqft
For sale Open House
$1,499,500
5835 189A STREET, surrey, British Columbia

5835 189a Street

Surrey, British Columbia

Location Location ! A beautiful home in a quiet family orientated neighbourhood. Exclusive Rosewood Park is only minutes to Sunrise Ridge, Latimer Road, Martha Currie Elementary School & Lord Tweedsmuir High School. This Classic 2 storey home features 2471 sq.ft. 3 Bedrooms, a games room, a Den/office and a Formal living and dining room. The spacious Kitchen, Eating Area and Family Room areas over look the nicely established private backyard with mature landscaping and a lovely 28 x 15 patio area. Other features include Air conditioning, solid oak kitchen cabinets, a pantry, bayed breakfast nook, curved oak staircase, 2 gas Fireplaces, 5 pce Ensuite, walk in closet, over-sized Double Garage with lots of storage, located in a large quiet cul-de-sac and only minutes to all amenities. (id:48205)

3 Bedroom 3 Bathroom 2471 m2
For sale
$1,499,000
5938 151 STREET, surrey, British Columbia

5938 151 Street

Surrey, British Columbia

Welcome to this fabulous 3,200 square foot, 5 bedroom, 4 bath home located in Sullivan Heights. Main floor features 10 foot ceilings and a wonderful open concept which includes flex space (currently used as dining room), gourmet kitchen with granite countertops & ceiling height cabinets, living room with gas fireplace, eating area with access to large covered deck for entertaining. Upper floor has 3 large bedrooms (2 with ensuites). Below is a media room/rec room, plus a 2 bedroom suite with laundry and private entrance. R/I for A/C, lots of crown moulding, wainscotting and millwork, new gutters & exterior paint. Cul-de-sac location close to schools, recreation, shopping. (id:48205)

5 Bedroom 5 Bathroom 3191 sqft
For sale
$1,499,000
5798 170A STREET, surrey, British Columbia

5798 170a Street

Surrey, British Columbia

Discover the perfect family home in Cloverdale with this 4-bedroom, 3-bathroom gem. Located in a highly desirable family-friendly neighborhood, this property offers a world of possibilities. The open floor plan seamlessly connects living, dining, and a modern kitchen. Natural light floods in, creating a warm, welcoming atmosphere for gatherings. The master bedroom is complete with an en-suite bathroom. Three additional bedrooms offer flexibility for family and guests. The basement boasts incredible potential. Consider creating a rental suite, a playroom, or a home office. It's your canvas to customize. The backyard is a haven for outdoor living. Enjoy the landscaped garden, perfect for gardening or relaxation, and the patio area for al fresco dining. Make it your own today. (id:48205)

4 Bedroom 3 Bathroom 2130 sqft
For sale Open House
$1,499,000
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. Don't miss on the opportunity to own this amazing house! (id:48205)

6 Bedroom 4 Bathroom 2305 sqft
For sale Open House
$1,499,000
5887 ANGUS PLACE, surrey, British Columbia

5887 Angus Place

Surrey, British Columbia

Immerse yourself with Cloverdale beauty with this 6-bed, 3-bath 2-storey home. Renovated interiors showcase contemporary design, complemented by a private swimming pool. A large 7365 sq ft lot with 6-car parking, large patios/decks and a BONUS 3 BEDROOM SUITE perfect as a mortgage helper! Third bedroom can be kept for main floor use as well. Close to all your favourite shops, Cloverdale Athletic Park, Cloverdale Rec Centre, Northview Golf Course and walking distance to schools/transit! Call to book your private showing today!Open House 2-4pm Sun Mar 17 (id:48205)

6 Bedroom 3 Bathroom 2146 sqft
For sale
$1,499,000
6506 CLAYTONHILL GROVE, surrey, British Columbia

6506 Claytonhill Grove

Surrey, British Columbia

Welcome to this perfect family home on Claytonhill Grove! This two story + basement home is tucked away at the bottom of a cul-de-sac, backing on to a small greenbelt w/ a trail that meanders through the neighbourhood. The yard is a delight w/ western exposure, beautiful gardens, amazing stamped concrete pathways & driveway, plus so much more potential. Three bedrooms upstairs, including a primary w/ vaulted ceilings, walk in closet & ensuite. The daylight basement has a large 2 bedroom unauthorized suite w/ its own laundry & separate entry; perfect for family or as a mortgage helper. The traditional, but open main floor includes bright kitchen, eating area living & family rooms, den & well sized mud/laundry room. AC for those hot summer days. This is an excellent home at a great price! (id:48205)

5 Bedroom 4 Bathroom 3139 sqft
For sale Open House
$1,499,000
18281 HUNTER PLACE, surrey, British Columbia

18281 Hunter Place

Surrey, British Columbia

Basement Entry Cloverdale Hill top 7183 sqft lot, 1977 Built with Approx 1807 Sqft home with 4 bedrooms and 2 full bathrooms. Main floor have Living room, dining room, Kitchen, 2 Bedrooms and 1 full bathroom. Basement have 2 bedrooms, Recroom, Storage and 1 full bathroom. Close to Schools and all Amenities. All measurements are approximate, buyer to verify. (id:48205)

4 Bedroom 2 Bathroom 1807 sqft
For sale
$1,499,000
5891 173B STREET, surrey, British Columbia

5891 173b Street

Surrey, British Columbia

Income producing property which generates $4878/m. 4 bed 4 bath & 3 kitchen. Convenient location, easy access to major routes. Rectangular corner lot with back lane to build a dream house. Property is in Cloverdale town centre Ocp. New furnace. Newer flooring. New kitchen (main & suite). Construction of new Hospital in the area starting soon. (id:48205)

4 Bedroom 4 Bathroom 1415 sqft
For sale Open House
$1,497,000
19008 60A AVENUE, surrey, British Columbia

19008 60a Avenue

Surrey, British Columbia

Terrific family home in nice friendly neighborhood. with 5 bedroom 4 washroom. Laminate floor in family and living rooms. Downstairs 1 or 2 bathroom suite. Great cul de sac location. The backyard is very private, fully fenced and includes a storage shed. Close to schools shopping and transit. Enjoy the view of Mount Baker from the deck. Owner motivated. Do not miss your chance to make this absolutely stunning home your own! (id:48205)

5 Bedroom 4 Bathroom 2614 sqft
For sale Open House
$1,489,999
17843 59A AVENUE, surrey, British Columbia

17843 59a Avenue

Surrey, British Columbia

Prime location family home with that detached shop you have always wanted. Cloverdale homes like this do not come available very often. Family owned for multi generations, this tastefully updated home is well taken care of like no other. Curbside this home boasts charm and character. Upstairs 2 generous size bedrooms and large living room for the entire family. Dining and kitchen area overlooks the covered patio and back yard which happens to be fully fenced, the perfect location for thos family bbqs, watching the kids play out back and hosting those outdoor events. The outdoor area is peaceful and you can enjoy watching the Canada day fireworks comfortably at home from Bill reid park. In the basement there is a beautifully finished media room and another bedroom, laundry and room for more (id:48205)

4 Bedroom 2 Bathroom 2170 sqft
For sale Open House
$1,471,000
18483 58 AVENUE, surrey, British Columbia

18483 58 Avenue

Surrey, British Columbia

Beautiful bsmt entry on 8840 sqft lot complete with garage, RV parking, lane access, huge private deck and detached shop. This home has it all including accommodations for family downstairs if needed. Extensively renovated in 2004 from the ground up, the little rancher was lifted and expanded upon. Huge open kitchen opening onto combined living and dining room, open deck that looks on to the fenced back yard and garden. Custom windows and doors throughout, hot water on demand, and two gas fireplaces. This home is ideal for anyone needing a shop and room for parking, RV, or boat. Located on a quiet through road facing south. Renovated by owner/builder. (id:48205)

3 Bedroom 3 Bathroom 2362 sqft
For sale Open House
$1,470,000
18232 SHETLAND PLACE, surrey, British Columbia

18232 Shetland Place

Surrey, British Columbia

Incredible family home located on a quiet cul-de-sac! Massive, almost 10,000 SF lot. Fully renovated from top to bottom you won't want to miss this one. Huge open concept main floor with modern shaker cabinets, quartz counters, stainless appliances, wine fridge, built in bar area, and new fireplace. Below is a great family room with designated laundry area and den for either home office or 4th bedroom. Upstairs features three large bedrooms, completely renovated shared bathroom, Master bedroom w/ updated ensuit w/ large walk-in shower. New furnace/Hot water tank. Outside is an entertainer's dream boasting large deck. Close to fantastic schools, shops, grocery stores, and everything you need. (id:48205)

3 Bedroom 3 Bathroom 2308 sqft
For sale Open House
$1,460,000
5877 188 STREET, surrey, British Columbia

5877 188 Street

Surrey, British Columbia

Immaculate family home minutes away from Willowbrook Shopping Centre. You'll have all amenities and transport links (future Skytrain!) within a short distance but can enjoy the serenity of a family-orientated neighborhood. This home has been the pride of its owners and it shows. On two levels, the functional layout provides space for your family to come together, entertain guests or retreat to the peaceful bedrooms upstairs. The private patio and backyard are ideal for Summer BBQ's with family and friends. The double garage will keep your cars safe and dry, and the extra parking space next to the garage will keep your RV or Boat secure and off the driveway. (id:48205)

4 Bedroom 3 Bathroom 2024 sqft
For sale
$1,449,000
18262 56A AVENUE, surrey, British Columbia

18262 56a Avenue

Surrey, British Columbia

Welcome to your dream home in the heart of Cloverdale! This beautifully renovated 2-level house is the epitome of modern comfort and convenience. Situated on a massive, flat rectangular lot spanning over 8,500 sqft, this property offers space, style, and functionality that is truly unparalleled. One of the standout features of this home is the 3-bedroom mortgage helper on the lower level, complete with a separate entrance. Whether you choose to use it as an in-law suite, rental income, or simply extra space for your family, this versatile addition adds tremendous value. This house comes with upgraded windows, roof, and a sun deck. Enjoy quiet living near schools, shopping, and easy highway access. Your perfect family haven awaits! (id:48205)

6 Bedroom 4 Bathroom 2485 sqft
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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