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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
$1,670,000
14756 62 AVENUE, surrey, British Columbia

14756 62 Avenue

Surrey, British Columbia

Welcome to this spacious well maintained 3 level home! Built by award-winning Marathon Homes! Comes with 7 Bedroom + 4 Bathroom (4 bedrooms up & 3 bedroom basement suite). Featuring over 3500sqft of living space, this beautiful home comes with an open concept kitchen, stainless steel appliances, walk-in pantry, huge dining room and living room. This property comes with a side by side double garage with a driveway that can park 2 more cars! Beautiful cozy backyard perfect for barbeques and gardening. Large master bedroom with an ensuite bathroom and a good size walk-in closet. Office on the main floor. Has a spacious 3 Bedroom mortgage helper. (id:48205)

7 Bedroom 4 Bathroom 3559
For sale Open House
$1,669,000
14534 85A AVENUE, surrey, British Columbia

14534 85a Avenue

Surrey, British Columbia

This home in Bear Creek features 7 bedrooms and 5 full bathrooms and office with full bathroom. Including two suites 2 bedroom each great mortgage helper. Lots of updates with brand new kitchen, new bathrooms, flooring, new washer and dryer. This home is located within walking distance to transit, close to all level of school, grocery stores, Gurudwara Sahib, church and temple. Call for more info. (id:48205)

7 Bedroom 5 Bathroom 3070
For sale
$1,650,000
14781 88 AVENUE, surrey, British Columbia

14781 88 Avenue

Surrey, British Columbia

INVESTOR ALERT. Possible future development potential in the proposed future Fleetwood Plan. 5 Bedrooms and 3 bathroom 7183sqft property in prime location. Hold as a income generating property with a 2 Bedroom suite and a one bedroom suite both with their own access. Lane access with lots of parking. Shopping and transit close by. (id:48205)

5 Bedroom 3 Bathroom 2610
For sale
$1,649,999
16791 16 AVENUE, surrey, British Columbia

16791 16 Avenue

Surrey, British Columbia

Welcome to your new home in Grandview Heights. This home has a large open floor plan, a wet bar, air conditioning and is loaded with extra features. You will find 3 large bedrooms upstairs, with a big master bedroom with an ensuite. The main floor is open concept with patio doors that open to your back yard. Lots of sunlight in these south facing homes. There is also a den which can be used as an office on the main floor. Below you will find a two bedroom legal suite and an extra bedroom with closet which can be used as a media room as well! 3 car parking! Minutes to highway, new school coming, shopping and restaurants are 5 minutes away... this home has it all. (id:48205)

6 Bedroom 4 Bathroom 2866
For sale
$1,649,900
14605 67B AVENUE, surrey, British Columbia

14605 67b Avenue

Surrey, British Columbia

WELCOME HOME! Beautiful 7 BED 6 BATH Corner family home in a quiet neighborhood of East Newton. Main floor features high ceilings, a chefs kitchen with solid maple cabinets, granite countertops, S/S appliances + large island overlooking living room. Adjacent to that is dining, family room, den/office & powder room. Top floor has 4 large bedrooms, all with bathroom access including a king size master with walk-in closet and 5 piece ensuite. Downstairs has large bright above-ground 2 bedroom suite + huge flex room, bedroom and full bath that was renovated. Lots of updates over the past few years. Lane access to double garage with room to park 4 cars in the driveway! Call now for your private showing. Hurry wont last. (id:48205)

7 Bedroom 6 Bathroom 3715
For sale Open House
$1,649,000
6038 145 STREET, surrey, British Columbia

6038 145 Street

Surrey, British Columbia

Welcome to your new home in Sullivan Heights! This meticulously maintained residence boasts 4 bedrooms plus a den, 3 full bathrooms including an ensuite and powder room, and a fully finished 1-bedroom basement with a separate entry, offering ample space and versatility. Perfect for families, it's conveniently located just minutes from Sullivan Heights Secondary, Goldstone Elementary, and a plethora of amenities including the Bell Performing Arts Centre, YMCA, and shopping destinations, ensuring a vibrant and convenient lifestyle for you and your loved ones. Don't miss out on the opportunity to make this Sullivan Heights gem your own! OPEN HOUSE SATURDAY & SUNDAY MAY 11TH & 12TH FROM 2-4 PM. (id:48205)

4 Bedroom 4 Bathroom 3445
For sale Open House
$1,649,000
14567 60A AVENUE, surrey, British Columbia

14567 60a Avenue

Surrey, British Columbia

Welcome to this beautifully appointed home that radiates a warm and inviting atmosphere. It features a spacious layout with a large living room, dining area, 4 BDs up and a den, ideal for both gatherings and quiet moments. The gourmet inspired kitchen, the heart of the home, is bright and cheerful with white cabinetry, an eye-catching backsplash, new gas stove, additional pantry space and a large island making it a chef's dream. Newer furnace, 240V plug in double garage, add to the comforts of this home. A resort-like backyard oasis, complete with the tranquil sounds of a flowing fountain, easy care turf, covered patio and deck and a gas hookup for ultimate outdoor entertaining. A well laid out 2 BD suite with laundry adds to this home's value and versatility. OH Saturday, May 11th 2-4 pm. (id:48205)

6 Bedroom 4 Bathroom 2994
For sale Open House
$1,649,000
17465 62A AVENUE, surrey, British Columbia

17465 62a Avenue

Surrey, British Columbia

Beautiful fully renovated home in a family neighborhood in Prime pocket of Cloverdale, Tons of upgrades done, including siding, deck, aluminum railings, doors, windows, roof (4 years ago), stairs, electrical, and the garage. Upstairs has 4 bedrooms with huge Family room and a Living Room. There is 2 Bedrooms and 1 Bedroom suite (2+1)as a mortgage helper. Huge, west and south exposed sundeck, private yard perfect for the kids. Very centrally located.Minutes away from all commutes in all directions and steps from schools and parks.Open House April 27 Sat 2-4PM. (id:48205)

7 Bedroom 4 Bathroom 2591
For sale
$1,634,900
6127 184 STREET, surrey, British Columbia

6127 184 Street

Surrey, British Columbia

Get back to nature with this original farmhouse. Lots of original features including 1/4 cut oak flrs, millwork, crystal door knobs & wood window frames set w/double glazed vinyl windows. Cozy living room with wood burning fireplace with heat exchange & beautiful rock tile face. Farmhouse feel in kitchen with modern amenities including built in dishwasher & microwave, easy glide drawers, plate rack in custom pine cabinets, rustic stone tile backsplash & quartz countertop. Stove less than a year old. Master bedroom spacious & bright with leaded glass windows, maple wood floors, ample closet space & a cozy nook area. Full basement with workshop, office and finished laundry room. 2 sheds in fully fenced yard. Backs onto greenspace. Convenient location close to everything! (id:48205)

3 Bedroom 2 Bathroom 2854
For sale
$1,629,000
5958 168A STREET, surrey, British Columbia

5958 168a Street

Surrey, British Columbia

This well maintained home sits on a larger lot in a great part of Cloverdale. This one of a kind custom home is currently configured with 2 bedrooms and a large reco room upstairs but can easily be changed to be 3 bedrooms upstairs. The large Primary Bedroom and ensuite bath are on the main level looking out to the garden and backyard. Well appointed dining and living rooms with gas fireplaces make this home elegant while at the same time the family room off of the kitchen and the covered patio lend this home a cozy relaxing feel. Do not miss an opportunity to make this well built and cared for house on a 7900+ square foot lot your next home. (id:48205)

3 Bedroom 3 Bathroom 2605
For sale Open House
$1,625,000
6063 163A STREET, surrey, British Columbia

6063 163a Street

Surrey, British Columbia

This fantastic 4 bed & Den, 4 bath Foxridge home in the best area of West Cloverdale is roughed in for a suite & move in ready! 3 spacious beds up all with ensuite baths, & your Primary Suite has vaulted ceilings, a juliet balcony, mountain views & a custom walk-in closet. The open concept main has solid oak floors, a granite kitchen with gas stove, a large pantry, oversized windows, & a fantastic executive office. Downstairs is ready for a 1 or 2 bed suite with separate entry, or enjoy it as a media/rec room with gym & bonus storage, plus another full bath. Your sunny yard has lovely landscaping, veggie gardens & fruit, irrigation, plus a custom covered patio & deck for year-round outdoor enjoyment. This quiet cul-de-sac is family friendly & close to shops, parks & schools. OPEN SAT 2-4 (id:48205)

4 Bedroom 4 Bathroom 3073
For sale
$1,620,000
15336 SEQUOIA DRIVE, surrey, British Columbia

15336 Sequoia Drive

Surrey, British Columbia

Bright semi-custom built house. Cozy and secured gated community. Hardwood & Laminate floor on main and above floor. Ample 3 bedrooms and 1 bedroom on the basement. Granite countertop. Coyote Creek Elementary Park Secondary are in walking distance (less than 1km). Guildford golf course is near by. Wetbar and the game room in basement are good for family use. (id:48205)

4 Bedroom 4 Bathroom 3851
For sale Open House
$1,599,999
14635 76 AVENUE, surrey, British Columbia

14635 76 Avenue

Surrey, British Columbia

6 Bedrooms and 6 washrooms house in Chimney Hill area 3730 sq. ft built area on 4000 sq ft lot in most desirable area of East Newton location! Supreme finishing, full attention to detail/craftmanship w/creative finest interior decor provides an ultimate feeling of luxurious comfort of mixed classic and modern living, open floor plan. Top floor has 4 bedrooms and 3 full baths, Whirlpool top of the line S/S appliances, marvelous maple kitchen & spice kitchen w/granite counter. Quality drapery and blinds. Drop ceiling with lots of pot lights, expensive crystal chandelier and fans in every room. Basement has 2 bed plus full bath & a theatre room/downstairs with bath and fenced backyard for summer enjoyment. Double car garage. (id:48205)

6 Bedroom 6 Bathroom 3730
For sale Open House
$1,599,800
15058 61B AVENUE, surrey, British Columbia

15058 61b Avenue

Surrey, British Columbia

Welcome to this beautiful home ,cherished by its original owners .Nestled in desirable Sullivan Station neighbourhood , this residence exudes warmth and charm. The high ceilings create and airy ambiance , enhancing the spaciousness of each room. A sunlit southern private backyard perfect for hosting gatherings. Stunning kitchen featuring a gas range, abundant cabinets and a spacious island . Master bedroom boasting vaulted ceilings and a luxurious spa like ensuite.Fully finished basement with one bedroom & den suite with it's own laundry. There is also a large rec room with tons of natural light and many possibilities. Double garage plus driveway parking. Conveniently located close to schools , transit , shopping .Be sure to check this one out Open house Sat 3-5 & Sun 2-4 PM. (id:48205)

4 Bedroom 4 Bathroom 3183
For sale
$1,599,000
15368 80A AVENUE, surrey, British Columbia

15368 80a Avenue

Surrey, British Columbia

Highly sought after location in the heart of Fleetwood Tynehead, contemporary beauty with many attractive bells and whistles. Set privately among an attractive array of floral landscape on a southern exposed beautiful private backyard with a large deck. Stainless steel appliances, wall oven, large kitchen pantry and granite counter tops with modern European Cabinetry. Winding stairs to elevated runway overlooking entry with generous use of tile which carries through to kitchen. Vaulted living room. Family room Hardwood flooring. Custom drapery throughout. Newer high efficiency furnace. Moments away from parks, schools, shopping, restaurants. This is something you won't want to miss out on! OPEN HOUSE: April 27/28 (Saturday - Sunday) 2-4PM (id:48205)

5 Bedroom 3 Bathroom 2922
For sale
$1,599,000
14868 63 AVENUE, surrey, British Columbia

14868 63 Avenue

Surrey, British Columbia

Incredibly priced 7 bed home in Sullivan Station! Main features a bedroom, formal fam/din rm that leads to a large farmrm, open kitchen and spice! Fully finish basement has a two bedroom legal suite and a huge rec room for upstairs use. (id:48205)

7 Bedroom 5 Bathroom 3312
For sale
$1,599,000
6268 191A STREET, surrey, British Columbia

6268 191a Street

Surrey, British Columbia

RANCHER WITH WALK-OUT BSMT! Excellent floorplan, ideal for 2 family living with LEVEL Walkout on each floor with the Bonus of FRONT & BACK LANE ACCESS! (amazing for the separate suite access!) This LARGE Rancher features 3,900sqft of living space over 2 floors! Your main living area is finished with skylights, a large bay window at the front, beautiful flooring + 3 Bdrms, 2 baths & laundry! The Kitchen features SS. appliances incl. gas range & Lrge Island! Updated Roof & Screened Gutters too! BSMT is FULLY FINISHED with an AMAZING 1,911sqft Un-auth suite incl. 2 bdrms, 2 baths, Den, INSUITE Laundry + Extra Rec room for upstairs or suite use! Lots of storage throughout this home too! Enjoy views from your back deck + lots of parking & yard area complete w/ a Shed for all your lawn tools! (id:48205)

5 Bedroom 4 Bathroom 3911
For sale
$1,599,000
17400 59 AVENUE, surrey, British Columbia

17400 59 Avenue

Surrey, British Columbia

Located in Cloverdale's prime neighborhood, this rectangular lot spans 7242 sq ft and features a main house with 3 bedrooms and 2 bathrooms, offering ample living space. In addition, there is a one-bedroom mortgage helper with separate laundry. Conveniently situated near scools, shopping, recreation center, and highway access, there is potential to build your dream home on this lot in the future. (id:48205)

5 Bedroom 3 Bathroom 1766
For sale
$1,598,888
18116 70A AVENUE, surrey, British Columbia

18116 70a Avenue

Surrey, British Columbia

This elegant house in a family friendly neighborhood boasts of total 7 bedrooms and 4 bathrooms. 4 bedrooms upstairs plus a walk out 3 bedroom mortgage helper suite in basement; Central air conditioning, central vacuum system, sound system in family room, vaulted ceiling, south facing backyard with wooden deck/patio. Radiant heat in kitchen and in master bathroom. Side by side double garage. Solid wood flooring on main floor. Main kitchen gasline roughed in. Close to future Surrey - Langley Skytrain. Close to shopping and schools. (id:48205)

7 Bedroom 4 Bathroom 3524
For sale
$1,589,500
14502 60 AVENUE, surrey, British Columbia

14502 60 Avenue

Surrey, British Columbia

3 storey well maintained beautiful 5 bedrooms and 4 bathrooms house in Sullivan heights, comes with 2 bedroom mortgage helper. Built in vacuum, granite counter tops, covered deck, close to all major traffic routes, close to Sullivan Secondary School & Ecole Woodward Hill Elementary School. Security cameras are included and Separate laundry for basement. (id:48205)

5 Bedroom 4 Bathroom 2403
For sale
$1,575,000
15470 86 AVENUE, surrey, British Columbia

15470 86 Avenue

Surrey, British Columbia

ATTENTION BUILDERS/INVESTORS! Welcome to this prime opportunity located in the heart of Fleetwood. This nearing 8,000 sq.ft. lot boasts a very well maintained rental home generating $4950/mo! No trees, great frontage, steps away from the 156 Street & Fraser Highway intersection - enjoy sitting on this property while it works for you and appreciates over time. Currently situated in the Stage 1 Fleetwood Plan - Invest into your future TODAY! Open house May 11 & 12 1:00-4:00pm. (id:48205)

6 Bedroom 3 Bathroom 1968
For sale Open House
$1,575,000
6277 171A STREET, surrey, British Columbia

6277 171a Street

Surrey, British Columbia

Explore this charming 5-bed, 3.5-bath family home in the heart of Cloverdale, tucked in a quiet cul-de-sac. Updates shine with a modern kitchen, stainless steel appliances, new flooring, bathrooms, and more. The backyard boasts meticulous landscaping and ample deck space for entertaining. Location is unbeatable: Cloverdale Athletic Park, the upcoming Cloverdale Ice Rink, Cloverdale rec centre, top schools, shopping, and transit are all within easy reach. A secondary suite with its own garage provides income potential. Don't miss this family haven, offering comfort, style, and versatility! (id:48205)

4 Bedroom 4 Bathroom 2825
For sale Open House
$1,574,999
5917 182A STREET, surrey, British Columbia

5917 182a Street

Surrey, British Columbia

**Open House 2-4 PM this Sat & Sun** Fully Renovated Home in the Heart of Cloverdale! This 4 Bed 4 Bath home is the perfect family home situated on a 9000 sq ft lot. The home offers 3 Beds 3 Baths upstairs and a rec room, full bathroom and 1 bedroom downstairs with separate entry. Everything in the home has been updated from the exterior of the home to the high-end kitchen with brand new appliances. Including all major upgrades like a brand NEW ROOF. The huge backyard comes with an in-ground POOL!! Perfect for hot, summer days! The home features a huge driveway with parking for up to 8 vehicles. No money was spared on this renovation done by a reputable builder making this the best deal in town.Great neighborhood and close to everything!! (id:48205)

4 Bedroom 4 Bathroom 1944
For sale
$1,562,700
6898 177 STREET, surrey, British Columbia

6898 177 Street

Surrey, British Columbia

Absolute stunner executive Vesta corner home, in Provinceton. Wake up to panoramic views of the mountains, the forest and a horse farm. This house stands out for its visually appealing exterior design, in a quiet cul-de-sac. The home features an open concept, with two levels plus a finished basement (rough-in, for a quick kitchen installation), with its own private entry. Separate formal dining room, and a spacious kitchen, with a large island and upgraded stainless steal appliances; maintenance-free backyard, artificial grass and pavers. This 4-bedroom home boasts a very spacious Master bedroom, with vaulted ceilings, and a large spa-like ensuite. The home offers a two-car garage, bathroom granite counters, new flooring, an irrigation system, alarm, A/C, and more. This home will not last! (id:48205)

4 Bedroom 4 Bathroom 2938
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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