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North Surrey Homes for Sale

Whalley, Royal Heights, Port Kells, Bridgeview and Fraser Heights are just a few of North Surrey’s communities attracting potential homebuyers. The City of Surrey is very proactive and prides itself on its long-term goals of making the downtown Central Surrey core into something like Yaletown in Vancouver. With plenty of new commercial and residential real estate being developed today, you can literally watch the changes they have in motion on a daily basis. Central Surrey is quickly becoming a hot spot for first time homebuyers, investors, and working professionals who want to leave a greener footprint by using the many public transportation options all throughout the Lower Mainland. Check out our North Surrey MLS listings or call Natasha Taylor of the Taylor Team at 1-778-316-4290 and let our group of experienced North Surrey Sutton real estate agents show you why Surrey has been rated BC’s #1 area to invest in (and the #4 in all of Canada).

About North Surrey BC

North Surrey British Columbia is a great place for the first time buyer, commuter, or for anybody looking to invest in BC real estate. Let our group of experienced Sutton North Surrey real estate agents at The Taylor Team show you why Surrey has been rated the #1 area to invest in BC and the #4 in all of Canada. Whether you are looking to jump on the sky train and head to work with ease or just get into the Surrey real estate market, you definitely can’t go wrong buying here in North Surrey BC. With starter areas like Whalley, to more prestigious residential communities like Fraser Heights, there is much to choose from here in North Surrey.

North Surrey real estate is constantly under development. An extremely large amount of BC condos and new homes are being built in this popular area as well as new commercial buildings.

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For sale
$1,849,000
13761 91 AVENUE, surrey, British Columbia

13761 91 Avenue

Surrey, British Columbia

WELCOME to this Well Maintained Fully Renovated Home boasts over 3600 SF of covered area & sitting on rectangular 7000 sf lot. Located on quiet street in the neighbourhood of Bear Creek Green Timbers. This house features 7 Bedrooms & 5 Bathrooms, 2+1 Mortgage helper, large Media room with built in Tv unit and wet bar perfect for entertainment. Recently renovated including, Entry door, Light Fixtures, Flooring, plumbing Fixtures & Pipes, Newer Radiant Heating Unit, Kitchen cabinets and Marble countertops, drapes, and fresh paint throughout the house also One bedroom suite has been redone completely. Creekside Elementary is just 2 Min walk & Queen Elizabeth Secondary is 15 Min walk. Close to surrey Memorial, Transit, City Centre Mall. Don't Miss it!! (id:48205)

7 Bedroom 5 Bathroom 3618
For sale
$1,848,000
10038 156 STREET, surrey, British Columbia

10038 156 Street

Surrey, British Columbia

ATTENTION DEVELOPERS!! This property can be part of a possible four-lot land assembly, with alley access, in Guildford. The total land area of this site is 28,538 sq ft, making it an ideal site for multi-family housing, such as townhomes or condos. The existing home on this property can provide rental income while you plan your development. This site has the potential for rowhomes or townhomes, and higher densities can be achieved through community amenity contributions. The Guildford and City Centre Plan precedents support up to 4-5 storey condo buildings, subject to City of Surrey approval. 10014, 10022 and 10030 156 St, Surrey are available to form part of this land assembly. (id:48205)

3 Bedroom 3 Bathroom 1643
For sale
$1,848,000
16208 93A AVENUE, surrey, British Columbia

16208 93a Avenue

Surrey, British Columbia

The European Builder's superior quality House Situated in a quiet cul-de-sac, this serene home has 7 bedrooms and 5 bathrooms. The MAIN FLOOR has a bright entryway with a tall vaulted ceiling, a formal dining room, living room & 1 bedroom on the main floor for Elderly Parents or Office Use. UPSTAIRS There is 4 BEDROOM includes Spacious Primary Bedroom with ensuite and Huge Walk in Closet and Generous Size bedrooms for the Family . DOWNSTAIRS is 2-bedroom basement suite rented for $1900  and a bachelor suite that the family uses as a recreation area. both suites has separate entrance. Serpentine Heights Elementary & steps away form North Surrey Secondary School. Blocks away from Guildford Town Centre, Tynehead Park, Hwy 1, shopping and much more! (id:48205)

7 Bedroom 5 Bathroom 3689
For sale
$1,828,900
15333 95A AVENUE, surrey, British Columbia

15333 95a Avenue

Surrey, British Columbia

The Perfect Home in the Heart of Fleetwood you've been waiting for! This renovated fully maintained home includes 7 Bedrooms plus Den, 4 Baths on a large Corner Lot 7,000 approx. Private, fully fenced backyard with an ample parking that provides a safe Haven for your Family. On the Main Floor It has 2+1 bedroom suites for great mortgage help. This is a Must see. Book appointment for your next Dream HOME. Cancelled Open House on June 09. (id:48205)

7 Bedroom 4 Bathroom 3156 sqft
For sale
$1,825,000
9289 125 STREET, surrey, British Columbia

9289 125 Street

Surrey, British Columbia

Well kept beautiful home on approximately 7731 square feet lot close to all levels of schools. This beautiful house has 8 Bedrooms, 4.5 baths & approximately 3742 Square feet of living space over 2 floors with walk out Basements. Upstairs has 4 bedrooms, 2.5 bathrooms and a huge games room.Ground levels has two suites (2 bed+2 bed) as a mortgage helpers. This house comes with a double garage and lots of outside parking. Offer collapsed, back in market. Feel free to call or touch base to Listing Realtor. Still available , showing by appointments. (id:48205)

8 Bedroom 5 Bathroom 3742 sqft
For sale
$1,800,000
16757 86 AVENUE, surrey, British Columbia

16757 86 Avenue

Surrey, British Columbia

The lovely, quiet neighbourhood of Cedar Grove Estates presents this well built, functional, 3984 sq ft open plan home w/ room for everyone! Kitchen has tons of cabinetry, island prep space, S/S appliances including gas & a pantry. Den w/ built ins is perfect if working from home. Up boasts 4 large bdrms & each having their own bthrm including a jack & jill connecting 2 of the bdrms. Primary retreat is big enough for a king size bed, has a 5 pc ensuite, & walking closet. Mountain views are beautiful! Bsmt includes a fantastic 2 bdrm suite, & there is a flex space, rec, bdrm & storage for your own personal use. Step out to partially covered deck, & the private yard w/ shed & new fencing. New roof, electric car charger & you will sleep cool w/ the A/C for the summer! (id:48205)

7 Bedroom 5 Bathroom 3984 sqft
For sale Open House
$1,799,999
8879 141B STREET, surrey, British Columbia

8879 141b Street

Surrey, British Columbia

well kept 6 bedrooms basement house in the heart of bear creek area.Close to shopping mall ,transit,schools and bear creek park.Easy access to all major routes.Ground floor has 2 separate living spaces( 1 and 2 bedooms) unauthorizd.Close to Gurdwara.open House SaturdayJune29,2024 from 2to 4pm (id:48205)

6 Bedroom 4 Bathroom 3335 sqft
For sale Open House
$1,799,000
15711 80 AVENUE, surrey, British Columbia

15711 80 Avenue

Surrey, British Columbia

Great 7 bed 4 bath home that is ready for your ideas and located in the most popular area of Fleetwood, across from parks and walking distance to schools. The main features very large family room, private dining room, spacious kitchen, and big living room all opening up to a patio that overlooks a long 7500 sq. ft. yard!!! Upstairs there are 4 bedrooms with 2 full baths. The basement has 2 mortgage helpers of very generous size(2+1). This is the home you have been waiting for and cannot be missed! Photographs are virtually staged. Open House Sat June 29 02:30- 4 PM & Sun June 30 2-4 PM. (id:48205)

7 Bedroom 4 Bathroom 3389 sqft
For sale
$1,799,000
16308 95A AVENUE, surrey, British Columbia

16308 95a Avenue

Surrey, British Columbia

This one's a must see! From the moment you pull up to the property you can see the love & care this home has received. recent exterior updates are new roof & fascia boards which were done in 2022 also acrylic stucco. This 3100sq ft 2 Storey w/basement has 4 bedrooms 2.5 baths and has also recently added air-conditioning. The kitchen has recently been updated and has granite counter tops, wall oven & Jenn air gas stove. Inside of the house has neutral paint colors, crown moldings and wood trim throughout. The backyard is an entertainers dream w hot tub, a covered pergola, fire pit, gas hook up for bbq, & backs onto green space w paved path. All this while being close to schools, Tynehead Regional Park,& great freeway & transit access. open house Sunday June 23 1-4. (id:48205)

4 Bedroom 3 Bathroom 3118 sqft
For sale Open House
$1,799,000
16006 90 AVENUE, surrey, British Columbia

16006 90 Avenue

Surrey, British Columbia

PERFECT HOME & LOCATION FOR GROWING FAMILY. If you have been waiting to purchase a Single Family Home in Immaculate Condition, today is your chance. 2 Storey plus Basement Home w/ 6 Spacious Bdrms +Den & 6 Bathrooms, 4027 sq.ft., on 6092 sq.ft lot. Lots of renovation done in the last 3 years, newer roof, new flooring, new blinds, new paint inside & outside of this home. Cozy Formal Living/Dining room +bright Family room. Completely modernized Kitchen w/ newer appliances & Cabinet Space galore +Wok kitchen. Nicely renovated BASEMENT suite w/ 2 bedrooms, full bath, spacious modern kitchen +family room w/ separate entrance. Double garage +lots of extra parking .Enjoy the backyard w/ covered patio & garden perfect for garden lovers. Conveniently located in a great family neighborhood. (id:48205)

6 Bedroom 6 Bathroom 4027 sqft
For sale
$1,799,000
15024 96 AVENUE, surrey, British Columbia

15024 96 Avenue

Surrey, British Columbia

Attention Investors & Developers! Discover a lucrative opportunity with this 2 level home situated on a spacious 7,483 sq ft lot, complete with laneway access. Strategically located just blocks away from Guildford Mall and the forthcoming Skytrain station, this property offers unparalleled convenience. Ideal for families, it's proximity to schools further enhances its desirability. With updated amenities including a new furnace and a roof less than 4 years old, this property is primed for development. Imagine the potential for expansion and enhancement, especially with the future Skytrain expansion plans in mind. Don't let this exceptional opportunity slip away! Act now to capitalize on this prime location and explore the boundless possibilities it holds. Contact us today to schedule (id:48205)

4 Bedroom 3 Bathroom 1704 sqft
For sale
$1,799,000
10668 EASTGLEN PLACE, surrey, British Columbia

10668 Eastglen Place

Surrey, British Columbia

Welcome to this sunshine-kissed home in the heart of Fraser Heights, with walking distance to the FH secondary. It embraces everyone with the dominant bright&open feeling, in add. to its timeless craftsmanship and functionality. The huge windows of 22-feet high living space and 2nd bedroom facing the north, welcome view of the snow-capped North shore mountains, while the south facing kitchen, family room and master ensuite overlook the south-facing backyard . The 3 skylights that introducing plenty of natural lights into most active corners of the house, the relaxing Spa-inspired ensuite, the spacious walk-in closet, the potential 5th bedroom & full bath at main floor, the adjacency to Fraser Wood Elementary, FH Secondary & Recreation... Growing families, act fast! Open Apr14! (id:48205)

4 Bedroom 3 Bathroom 2770 sqft
For sale
$1,799,000
16355 108A AVENUE, surrey, British Columbia

16355 108a Avenue

Surrey, British Columbia

Rarely find huge lot in Fraser Heights. This Two storey, south-facing house sits on a large 8849 square foot lot with 6 parking spots on quiet cul-del-sac. Newly installed Air Conditioner will bring you a nice summer. Furnace 2023. Main floor features a nice foyer welcoming you inside, a den for your office or converted to a bedroom, two spacious bedrooms with 2 full bathrooms. Upstairs you will find 2 generous size bedrooms with 1 full bathroom. Walk distance to schools, shopping center and transit. Price lower than BC assessment value. Great chance for investment. (id:48205)

4 Bedroom 3 Bathroom 2535 sqft
For sale
$1,799,000
15561 91A AVENUE, surrey, British Columbia

15561 91a Avenue

Surrey, British Columbia

Desirable FLEETWOOD area! HUGE 8710 sq.ft lot w/ 66 feet of frontage on a super quiet street w/ lots of street parking! Very close to the new Sky Train Route & Station!! This 9 bdrm 4 bath family home is located close to everything! The home currently has a two bdrm suite at the back & has the possibility of adding an additional one bdrm suite at the front. This home is just waiting for your renovation ideas or this is the perfect lot and location to build your dream home as it is within walking distance to Woodland Park, Woodland Park Elementary School & Surrey Christian Secondary School. Minutes to Transit, the Fraser Highway, the Fleetwood shopping area and Highway 1. Call for your realtor to book your viewing as this one won't last long! (id:48205)

9 Bedroom 4 Bathroom 3725 sqft
For sale
$1,799,000
10192 177 STREET, surrey, British Columbia

10192 177 Street

Surrey, British Columbia

This executive custom built home features 8 spacious bedrooms and 7 Baths. Separate dinning space, family and living room, and extra spacious kitchen with rich wood cabinetry. Two walk out suites (very rare to find) with potential to bring in great income. The home is freshly painted, has air conditioning, and the flooring has already been upgraded so all you have to do is move in! This one is not one to miss especially in this sought out area. The home is located on a private street and just minutes away from highway 1 and the prestigious Pacific Academy. Home shows well!! (id:48205)

8 Bedroom 7 Bathroom 3963
For sale Open House
$1,798,000
13711 90A AVENUE, surrey, British Columbia

13711 90a Avenue

Surrey, British Columbia

FIRST TIME ON THE MARKET! This beautiful 2019 renovated and owner-built home is located on a private cul-de-sac in Bear Creek and boasts a spacious floor plan. The home consists of 8 bedrooms, 6 bathrooms and two suites (1 bedroom and 2 bedroom) and a potential for another 1 bedroom suite on the main floor. Alternatively, the potential 1 bedroom suite can act as an office for a home business, as it currently is. This home will bring in steady revenue/rental income for future owners! The home is located within walking distance to Creekside Elementary School, Bear Creek Park, Queen Elizabeth Secondary School, and is central to many amenities nearby! MUST SEE! Open House on April 27 1-3 PM (id:48205)

8 Bedroom 6 Bathroom 4722 sqft
For sale
$1,797,000
9889 HUCKLEBERRY DRIVE, surrey, British Columbia

9889 Huckleberry Drive

Surrey, British Columbia

Don't miss out on this stunning, brand-new home in Fraser Heights! The main floor offers a cozy family room with a fireplace, a welcoming living room, and a bedroom with a full bath. The kitchen boasts stainless steel appliances, quartz counters and a stylish island. Upstairs, you'll find four bedrooms and three baths, ideal for the whole family. With a double garage and fully finished basement featuring a recreation room, additional bedroom, and full bath, there's plenty of space for everyone. Conveniently situated near schools and parks, with easy access to highways and public transit. Don't let this opportunity pass you by! (id:48205)

7 Bedroom 6 Bathroom 3418 sqft
For sale
$1,789,000
11771 100 AVENUE, surrey, British Columbia

11771 100 Avenue

Surrey, British Columbia

Dream home & CORNER BUILD LOT in a PRIME LOCATION w/ stunning VIEWS! Expansive 3,515 sqft home on a 7200 sqft lot nestled in a serene cul-de-sac. This gem boasts a separate entrance suite, perfect for a mortgage helper with 1,740 sqft of suite potential. Sprawling yard is a nature lover's paradise, gorgeous trees and breathtaking water, city and mountain views. Upstairs hosts 3 bed 2 bath with enormous layout designed for both leisure and entertainment. Heated Floors throughout! 4 bedroom potential downstairs & 1 bathroom. recent modern updates include new flooring (2022), fresh paint (2017), high-quality Anderson windows with new coverings (2022), a brand new retaining wall (2023), enlarged deck perfect for gatherings. Experience the balance of open living spaces & private retreats, allowing for creative updates! (id:48205)

5 Bedroom 3 Bathroom 3515 sqft
For sale
$1,788,000
10014 156 STREET, surrey, British Columbia

10014 156 Street

Surrey, British Columbia

Sutton Group-West Coast Realty proudly presents a unique opportunity - a corner four-lot land assembly, with alley access, in Guildford. The total land area of this site is 28,538 sq ft, making it an ideal site for multi-family housing, such as townhomes or condos. The existing homes on this property can provide rental income while you plan your development. This site has the potential for rowhomes or townhomes, and higher densities can be achieved through community amenity contributions. The Guildford and City Centre Plan precedents support up to 4-5 storey condo buildings, subject to City of Surrey approval. 10022, 10030 & 10038 156 St, Surrey also forms the part of this land assembly (id:48205)

4 Bedroom 2350 sqft
For sale
$1,788,000
10022 156 STREET, surrey, British Columbia

10022 156 Street

Surrey, British Columbia

Sutton Group-West Coast Realty proudly presents a unique opportunity - a corner four-lot land assembly, with alley access, in Guildford. The total land area of this site is 28,538 sq ft, making it an ideal site for multi-family housing, such as townhomes or condos. The existing homes on this property can provide rental income while you plan your development. This site has the potential for rowhomes or townhomes, and higher densities can be achieved through community amenity contributions. The Guildford and City Centre Plan precedents support up to 4-5 storey condo buildings, subject to City of Surrey approval. Currently main house is rented for $2400 and the 2 bedroom rental suite is rented for $1800 per month. 10014, 10030 & 10038 156 St, Surrey also forms the part of this land assembly (id:48205)

3 Bedroom 3 Bathroom 1953 sqft
For sale
$1,788,000
10030 156 STREET, surrey, British Columbia

10030 156 Street

Surrey, British Columbia

Sutton Group-West Coast Realty proudly presents a unique opportunity - a corner four-lot land assembly, with alley access, in Guildford. The total land area of this site is 28,538 sq ft, making it an ideal site for multi-family housing, such as townhomes or condos. The existing homes on this property can provide rental income while you plan your development. This site has the potential for rowhomes or townhomes, and higher densities can be achieved through community amenity contributions. The Guildford and City Centre Plan precedents support up to 4-5 storey condo buildings, subject to City of Surrey approval. Currently main house is rented for $2400 and the 2 bedroom rental suite is rented for $1800 per month. 10014, 10022 & 10038 156 St, Surrey also forms the part of this land assembly (id:48205)

4 Bedroom 3 Bathroom 2200 sqft
For sale
$1,788,000
11299 132 STREET, surrey, British Columbia

11299 132 Street

Surrey, British Columbia

To present the unique opportunity to acquire 11295& 11299 132st land assembly("the Site"), an exceptionally well-located residential redevelopment site with Mountain and water view . With 133.9 feet of frontage along 132 street. Prominently situated beside the Secondary plan of the city Centre Plan of Surrey. This development opportunity offers the high potential to build multi-family residential with a premium, sought-after location in North Surrey, with the potential to yield a designation to support low and medium density residential. The densities' range up to 72 units per hectare( 30 units per acre), 1.0 X FSR density after rezoning coordinate the neighborhoods. The Site is currently improved with rental suits, providing stable holding income during the redevelopment process. (id:48205)

6 Bedroom 3 Bathroom 2052
For sale
$1,788,000
11295 132 STREET, surrey, British Columbia

11295 132 Street

Surrey, British Columbia

To present the unique opportunity to acquire 11295 &11299 132st land assembly ("the Site"), an exceptionally well-located residential redevelopment site with Mountain and water view. With 133.9 feet of frontage along 132 street. Prominently situated beside the Secondary plan of the city Centre Plan of Surrey. This development opportunity offers the high potential to build multi-family residential within a premium, sought-after location in North Surrey , with the potential to yield a designation to support low and medium density residential. The densities range up to 72 units per hectare (30 units per acre), 1.0x FSR density after rezoning coordinate the neighborhoods. The Site is currently improved with rental suites , providing stable holding income during the redevelopment process. (id:48205)

6 Bedroom 3 Bathroom 2052
For sale
$1,779,900
12475 90 AVENUE, surrey, British Columbia

12475 90 Avenue

Surrey, British Columbia

Welcome to this beautiful and meticulously maintained 2 storey basement entry home on a serene, quiet and centrally located street in the desired area of Queen Mary Park. This recently renovated home features 4 Large Bedrooms upstairs, 2 Full Washrooms, and a BRAND NEW Kitchen. The lower level features a HUGE walkout 2 Bedroom Suite as a perfect mortgage helper for the growing family. PLUS! There is another rec-room w/ separate entrance and full washroom easily suitable (Roughed In)! Recent updates include new kitchen, new windows, new hot water tank, new vinyl fence, new garage doors and just painted! Located within walking distance to schools, shopping, transit, recreation, and so much more! Homes on this street rarely come up for sale, and this WILL NOT LAST! Hurry before its too late! (id:48205)

6 Bedroom 4 Bathroom 3748 sqft
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The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

About The City of

North Surrey

North Surrey is a perfect place for those who may need to commute. Not only is there an abundance of public transportation but you are located only about 25 minutes from downtown Vancouver by car. You also have many access and exit points to North Surrey through the Queensborough Bridge and multiple highway routes.

The community is beginning to develop plenty of luxury developments at much more affordable rates when compared to Burnaby and Vancouver. For penthouse units or condos with city and mountain views in Surrey you are looking at price ranges in the $600,000’s to $700,000’s, $800,000’s, and above. These offer unobstructed panoramic views of the city, the Fraser River, and the Pacific Coast Rocky Mountains making them extremely well priced in comparison to condos with views in Vancouver or Burnaby.

Neighborhoods in

North Surrey

In recent years, North Surrey has continued to grow and new condo and townhouse developments are popping up across town. With recent growth, the community has seen a lot of new custom homes being and young affluent families are beginning to move in.

map of clodverdale neighborhoods

Amenities in

North Surrey

In North Surrey there is also plenty of entertainment and lots of things to do. There is a large mall located just off the Skytrain and an excellent Recreation Centre with a swimming pool, Ice Arenas, Weight Room and Cardio Centre. Within the Rec Centre there are also some great after school programs, youth programs, and classes for adults.

North Surrey is home to some of the most state-of-art recreational facilities in Surrey. Whether you’re looking for indoor gyms, swimming pools, ice rinks or well-maintained outdoor walking trails, North Surrey has it all.

  • North Surrey Sport & Ice Complex
  • North Surrey Community Park
  • North Surrey Recreation Centre
  • Green Timbers Urban Forest
  • Holland Park
There are plenty of elementary and secondary schools located in North Surrey. Many of these schools have an excellent track record.

North Surrey Elementary Schools:

  • Hjorth Road Elementary School
  • Serpentine Heights Elementary School
  • Bonnaccord Elementary School
  • Berkshire Park Elementary
  • Harold Bishop Elementary
  • William F. Davidson Elementary School
  • Riverdale Elementary School

North Surrey Secondary Schools:

  • North Surrey Secondary School
  • Johnston Heights Secondary School
  • Guildford Learning Centre
  • Fraser Heights Secondary School

Private Schools in Cloverdale:

  • Holy Cross Regional High School
  • Surrey Christian School
  • Regent Christian Academy
  • Pacific Academy
North Surrey has an excellent reputation as being one of the best shopping districts in the Fraser Valley. Thousands of non-residents travel across the Fraser Valley each week just to be able to shop here.

  • Guildford Town Centre
  • Central City Mall
  • Cedar Hills Shopping Centre
  • Riverside Heights Shopping Centre

The transportation options in North Surrey continue to improve year after year. With easy access to Downtown Vancouver, its no surprise many commuters live in North Surrey and drive or transit into Vancouver for their jobs.

  • Uber
  • Translink Buses
  • Taxi Service
  • Skytrain

Economic Stats for

North Surrey

The economy in North Surrey continues to grow rapidly across a variety of different industries from finance to medical and education to warehousing. The economy is flourishing across all sectors and is expected to continue for many, many years.

North Surrey’s population has been steadily growing over the last decade. Over the last ten years, we have seen population growth close to 1% year after year, especially in Whalley (the city centre).
Communities like Whalley have lower than average household incomes, but a staggering 11% of the households each in excess of $150,000 per year in household income.

As the community continues to grow we expect the household incomes to increase substantially.

Similar to many other communities within the Fraser Valley, North Surrey has experienced drastic pricing increases, especially in new development projects.

North Surrey April 2021 Price Three Year % Change    
Detached House $1,288,100 30%    
Townhouse $618,800 7%    
Apartment/Condo $452,800 4%    

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

 

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%

There are several major economic drivers in North Surrey. While the city has a very diverse economy, there are several large organizations that have been critical to the growth over the last several years.

Simon Fraser University is located in the Central City mall. With over 7,000 university students per semester, this provides a huge economic boost to the surrounding restaurants and retail stores. Kwantlen Polytechnic University has launched a new campus right next door which attracts several thousands more students.

Surrey Memorial Hospital is a high-volume hospital that employs thousands of highly paid and unionized staff. 

 

Rental Potential in

North Surrey

Condos for sale in the core of North Surrey, near the Simon Fraser University Surrey Campus, are a sure bet for rental investments. Today the Taylor Team has sold many of these units to individuals from all over the world who are purchasing these North Surrey condos purely for rental investment purchases. Being that these condos start in the $400,000 price point approximately, the rent literally will pay your mortgage if you need one. Being that all the condos are located within walking distance to the Skytrain, many students without personal transportation love to rent out the condos for the duration of their higher learning, and in some cases we have seen that the graduates stay in these condos as they are quite nice and extremely convenient for the working professional who has to commute into downtown Vancouver.

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 North Surrey, 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.

North Surrey is a big rental market. There are plenty of savvy investors that understand how lucrative the North Surrey rental market is and they continually invest in new condo projects, townhomes, and detached homes.

Vacancy rates in North Surrey are almost non-existent with the average being between 1-1.5% vacancy at any given time.

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 – $1,350 – $1,600 per month

2 Bedroom – $1,700 – $2,150 per month

3 Bedroom – $2,200 – $3,400 per month