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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
$1,549,000
8693 164 STREET, surrey, British Columbia

8693 164 Street

Surrey, British Columbia

Beautiful home nestled in a family neighbourhood surrounded by many parks and schools. This home features 3 bedrooms, a den, and 2.5 bathrooms on a large lot of 7700 square feet. Future rapid transit (skytrain) will be just a few blocks away. (id:48205)

3 Bedroom 3 Bathroom 2127
For sale Open House
$1,548,000
9179 161 STREET, surrey, British Columbia

9179 161 Street

Surrey, British Columbia

Step into this pristine 4 bed, 3 bath home at 9179 161 Street, nestled in the desirable Fleetwood Tynehead neighborhood of Surrey. This 1989-built, two-level corner home sits on a generous 7400 sqft lot, boasting a double garage and ample driveway parking. Enjoy proximity to the future Surrey Langley SkyTrain, enhancing commuting options and property value. Embrace the community's shift towards higher density and multi-unit housing, aligning with Surrey's new zoning plans for growth and innovation. This home is perfectly poised for both family life and investment potential, ready to meet all your lifestyle needs. (id:48205)

4 Bedroom 3 Bathroom 2092
For sale
$1,525,000
15765 92B AVENUE, surrey, British Columbia

15765 92b Avenue

Surrey, British Columbia

Welcome to your dream home in Fleetwood Tynehead, Surrey! Discover this stunning split-level residence's perfect space, style, and comfort blend. Nestled in the converted Fleetwood typehead area, this home boasts everything you desire and more! This family home's thoughtfully designed layout offers ample space for every member to thrive. The solid oak kitchen cabinets exude elegance while providing functionality for your culinary adventures. Natural light floods through skylights, creating a warm and inviting ambience throughout. Key Features of this home are four Bedrooms, three Bathrooms, 2245 SF of Living Space, a Family-Oriented Layout, skylights for natural illumination, solid oak kitchen cabinets, and spacious 5' high crawl space. Open Sat and Sun 6th & 7th 2-4 pm. (id:48205)

3 Bedroom 3 Bathroom 2245
For sale
$1,525,000
8927 146A STREET, surrey, British Columbia

8927 146a Street

Surrey, British Columbia

**CENTRAL BEARCREEK/GREEN TIMBERS AREA**2280 sqft 2 STOREY basement entry home sitting on a MASSIVE 8042 sqft LOT** This home features 3 bedrooms up & 2 FULL baths, Master bedroom has a walk-in closet with en-suite, a DEN big enough to be the 4th bedroom if needed with access to the LARGE deck. The main floor has a large living room attached to the dining room, a good sized kitchen with newer counter tops & Stainless Steel appliances. The basement is FULLY FINISHED into a 2 bedroom SUITE with SEPARATE kitchen, living, dining & private entrance. The Large backyard is perfect for kids & entertaining. The recent updates include, brand new FURNACE, newer gutters, fencing, DECK, flooring & roof changed only 7 years ago. Close shopping & major transportation routes. Call for more information or a private viewing. (id:48205)

5 Bedroom 3 Bathroom 2280
For sale
$1,525,000
9742 149 STREET, surrey, British Columbia

9742 149 Street

Surrey, British Columbia

This spacious two-story home, nestled in Guildford's coveted area, sits on a 7,100 sqft lot backing onto lush greenery for added privacy. With three bedrooms upstairs and a bright, open main floor layout featuring a family room, living room, kitchen, and a 2-piece bathroom, this residence exudes comfort. The property includes a double car garage and a generous four-car driveway. Proximity to acclaimed schools, Guildford Mall, theaters, Green Timbers park (5 minute walk distance) and easy access to Hwy #1 make this centrally located home a perfect blend of convenience and tranquility. (id:48205)

3 Bedroom 2 Bathroom 1690
For sale Open House
$1,524,900
6811 196 STREET, surrey, British Columbia

6811 196 Street

Surrey, British Columbia

First time on the market! 2 storey with bsmnt home plus Coach House, well built by Castleview Homes. Features included hardwood flooring, built-in vacuum, stainless steel appliances and granite countertops in the kitchen and gas fireplace. Nice breezeway connecting home to garage. 2 bedroom basement suite. Centrally located close to schools and walking distance to Willowbrook Mall. Concrete pad next to Coach House for extra parking. Katzie Elementary and Clayton Heights Secondary school catchments. Sat 27th 2:00 - 4:00 & Sun 28th 11:00 - 1:00. (id:48205)

6 Bedroom 5 Bathroom 3048
For sale
$1,519,000
19144 68 AVENUE, surrey, British Columbia

19144 68 Avenue

Surrey, British Columbia

Well maintained 3 level house with legal coach home! Main level offers a spacious open concept living room, kitchen and dining room space. A separate family room is great for larger gatherings or a quiet area to relax in. A unique pass through "wet bar" connects the family room to the kitchen, a very functional layout. Upstairs are 3 beds and 2 full baths (including large en-suite). Basement level is a 2 bedroom suite perfect for inlaws. Separate entrance and laundry. Legal 1 bedroom coach home above the detached double car garage with separate laundry. Lane access for 4 total parking spaces. Open house Nov 19 Sunday from 2 to 4 pm. (id:48205)

6 Bedroom 5 Bathroom 2959
For sale Open House
$1,510,000
8932 143A STREET, surrey, British Columbia

8932 143a Street

Surrey, British Columbia

Discover the epitome of cozy living in this character-filled 4-bed, 3-bath Bear Creek Surrey sanctuary! Nestled on a corner lot, this home boasts a rustic charm with its wood-burning fireplace, perfect for chilly nights. Seamlessly merging the living and dining areas creates an inviting space for entertaining. Park with ease in the 2-car garage and step into the sprawling backyard, complete with a fenced oasis, ideal for outdoor gatherings and play. Retreat upstairs to find 3 bedrooms offering comfort and privacy, while a second living room awaits downstairs, perfect for unwinding or hosting friends and family. Plus, relish the convenience of a bedroom adjacent to the living area, ideal for guests or a home office. Close to schools and buses! book to view today! Open house April 27 2pm-4pm April 28 11am-1pm (id:48205)

4 Bedroom 3 Bathroom 2249
For sale
$1,500,000
9041 137A STREET, surrey, British Columbia

9041 137a Street

Surrey, British Columbia

ATTENTION FIRST TIME BUYER,INVESTOR AND BUILDERS DREAM LOCATION!! WELL MAINTAINED AIR-CONDITIONED 4 BEDROOM & 3 BATHROOM HOUSE .3 BED ROOM UPSTAIRS & 1BEDROOM AT MAIN FLOOR (WITHOUT CLOSET) DOUBLE CAR GARAGE WITH OPTION OF STREET PARKING. WALKING DISTANCE TO ELEMENTARY SCHOOL, BUS-STOP, BEAR CREEK PARK. EASY ACCESS TO LIBRARY, SIKH TEMPLE,HINDU TEMPLE,CHURCH SURREY MEMORIAL HOSPITAL,SKY TRAIN, SHOPPING MALL,WALMART, HIGH SCHOOL, SFU. . EASY TO MAKE RENTAL SUITE ON MAIN FLOOR. (id:48205)

4 Bedroom 3 Bathroom 1777
For sale
$1,499,999
18968 72 AVENUE, surrey, British Columbia

18968 72 Avenue

Surrey, British Columbia

This home SHINES! Beautiful 2 storey w/basement home with 1-bed legal COACH HOME in Clayton! This 2005-built, Townline home has lots of smart updates. Main house has 3-beds upstairs, large den (could be additional bed) on the main and an open concept family room great for entertaining! You'll love the kitchen w/pantry & huge island. Big windows & lg dining room. Fantastic south-facing yard with large, extended sundeck to enjoy your summer. Other features include s/s appliances, gas fireplace, pot lighting, furnace updated 2021, HW on demand (2022) Double garage w/add'l parking / RV parking. Finished basement w ext door and washroom easy to suite! 1-bed legal coach home suite currently rented to great tenant! Call today. (id:48205)

5 Bedroom 5 Bathroom 3202
For sale
$1,499,999
15487 93 AVENUE, surrey, British Columbia

15487 93 Avenue

Surrey, British Columbia

INVESTORS/BUILDERS OR FIRST TIME HOME BUYERS!!! Berkshire Park Beauty! Absolutely stunning family home 6 bed/ 4 bath rancher W/mortgage helper in the most desirable area of Fleetwood, move in ready, surrounded by all levels of public and private schools, plus close to Fraser hwy. This beauty has been completely updated. Close to all types of shopping, restaurants, community amenities and easy freeway access for commuters. Short walk to Berkshire Park and Elementary School. Located on a quite street. This one won't last!! PRICED TO SELL. (id:48205)

6 Bedroom 4 Bathroom 2123
For sale Open House
$1,499,900
15045 92 AVENUE, surrey, British Columbia

15045 92 Avenue

Surrey, British Columbia

Detached home on a huge lot nestled in the heart of Fleetwood falls under the Comprehensive Community Fleetwood Plan by City of Surrey. With 8988 sq ft size lot, this property offers immense potential for expansion. Currently owner-occupied 4 bed and 3 bath home offering a spacious layout with ample living indoor/outdoor space. In a peaceful neighbourhood setting and ideal for those seeking convenience in a serene neighbourhood, just minutes from local parks, schools, shopping, and dining options, easy access to major transportation routes. An opportunity to own a piece of Fleetwood's charm with enough land to make any dream a reality and take advantage of the large lot with the potential development of upcoming Fleetwood Community Plan. OPEN HOUSE on April 27th and 28th from 2 to 4pm. (id:48205)

4 Bedroom 3 Bathroom 2149
For sale Open House
$1,499,000
10515 WOODGLEN PLACE, surrey, British Columbia

10515 Woodglen Place

Surrey, British Columbia

LOCATION LOCATION! HIGHLY DESIRABLE FRASER GLEN HOME ON QUIET CUL-DE-SAC! This 3 bedroom + den, and 3 bathroom home on a private 5802 sqft lot is perfect for those who appreciate a spacious oak kitchen with separate eating area, great size family room with access to south facing backyard, and 2 wood burning fireplaces. Fully fenced yard with lots of room to play. Double car garage with long driveway for your RV or extra vehicles. Steps to Fraser Wood Elementary school, Fraser Heights Secondary school, transit, shopping plaza, recreation center, tennis courts etc. Updates include newer deck, windows, washrooms, kitchen backsplash & countertops, dishwasher/fridge/stove, roof, and HWT/furnace. Don't miss it and book your private showing today. OPEN HOUSE APR 27/28, 2-4PM (id:48205)

3 Bedroom 3 Bathroom 1911
For sale Open House
$1,499,000
15751 97 AVENUE, surrey, British Columbia

15751 97 Avenue

Surrey, British Columbia

This well maintained family home sits on nice sized 7100+ sq.ft lot. Great 2 storey home to raise your family in with 4 bedrooms and 2 and a half bathrooms. Good sized fenced yard backing onto green belt with lots of trees for privacy in a great neighborhood. Open house Sat/Sun April 27/28 from 12-2pm (id:48205)

4 Bedroom 3 Bathroom 2141
For sale Open House
$1,499,000
13312 SUTTON PLACE, surrey, British Columbia

13312 Sutton Place

Surrey, British Columbia

Welcome! to this quiet south-facing cul-de-sac 10,552 sq ft lot home in this prestigious "Queen Mary Park", a perfect location close to Surrey City Central. Beautiful 2 level home with the main floor featuring 3 bedrooms, full washroom, master bedroom (washroom included 2 Pc), living room, and dinning room with a stunning front view sundeck. 2 mortgage helpers (2+1)$3500 rental income. Close to Queen Elizabeth Secondary School, AHP Matthew Elementary, Skytrain station, and government facilities. Book your Private Showing today! OPEN HOUSE: April 6 and April 7, 2PM to 4PM. (id:48205)

6 Bedroom 4 Bathroom 2400
For sale Open House
$1,499,000
16349 86B AVENUE, surrey, British Columbia

16349 86b Avenue

Surrey, British Columbia

The ultimate cul-de-sac family house nested in a quiet Fleetwood inner street where public and private schools are plentiful and within in walking distance. With a newly renovated kitchen, boasting sleek quartz countertops, spotless stainless steel appliances, gleaming white cabinetry, open style living, dining, and family rooms, 5 bedrooms, a two car garage and a private fenced in back yard augmented by two huge decks, a patio, grapevine, fruit trees and a detached storage shed. Please send your offer to listing agent on or before April 29, 2024 6:00PM. Open House April 20/21 and April 27/28 2:00-4:00PM. (id:48205)

5 Bedroom 3 Bathroom 2484
For sale
$1,499,000
12192 95A AVENUE, surrey, British Columbia

12192 95a Avenue

Surrey, British Columbia

Discover a prime development opportunity in Queens Mary Park Surrey. This 1800 sqft home on a 7300 sqft lot offers incredible potential for expansion or redevelopment. With 4 bedrooms, 2 bathrooms, and the potential for 4 flex units, this property is ideal for investors or developers seeking to capitalize on the demand for housing in this area. This property is a rare find with endless possibilities. Don't miss out-schedule a viewing today and explore the opportunities awaiting you! (id:48205)

4 Bedroom 2 Bathroom 1819
For sale Open House
$1,499,000
14827 88A AVENUE, surrey, British Columbia

14827 88a Avenue

Surrey, British Columbia

Investors / developers alert!! Great investment opportunity, please verify with city. This 2461sqft 3 level split home sits at the end of a cul-de-sac. Property offers 10 bedrooms, 5 full and 2 half bathrooms. The home is centrally located with shopping centers, universities, rec-centers, parks, bus stops and highways are all just minutes away. Don't miss out, book your showing today!! (id:48205)

10 Bedroom 5 Bathroom 2461
For sale Open House
$1,499,000
10216 170A STREET, surrey, British Columbia

10216 170a Street

Surrey, British Columbia

LOCATION MEANS EVERYTHING!!! This beautiful 5 BRs well maintained Home(easily 6 BRs) is in the Heart of Fraser Heights. As walk in, you'll feel warm atmosphere throughout the house. Spacious living & dining rm w/fireplace, Fully renovated kitchen w/oak cabinets, SS appliances, extra large family rm with sliding glassdoor off the huge covered patio, perfect for summer entertaining. Extra Large laundry rm w/storage space, 1 office/or bedroom on main. Upstairs comes with spacious MBDRM, W/I closet & 5 piece ensuite plus 4 more bdrms, Private backyard is perfect for pet, kids playing. Roof only 6 years old. Walk distance to Pacific Academy, Bothwell elementary, transit & shopping. New Save-on-food, all restaurants just 5 mins away! Easy access to Hwy 1. Open house at 2-4pm, Sat/Sun, Apr 20/21 (id:48205)

5 Bedroom 3 Bathroom 2804
For sale
$1,499,000
11524 97A AVENUE, surrey, British Columbia

11524 97a Avenue

Surrey, British Columbia

Located in a quiet neighbourhood, this beautiful 5-bedroom, 2-washroom house is a MUST SEE!!The main level has 4 bedrooms, a living room, a kitchen, a dining room, and a laundry room. Maple cabinets, granite counters, high-end S/S appliances, and natural light make this kitchen an entertainer's delight! Main level with 4 spacious bedrooms and cabinets (walk-in closet). This property has one mortgage helper basement suite , Potential to add 2 room in the basement and plenty of street parking. It is a very short drive to the community centre, malls, swimming centre, gym, party room, supermarket, golf courses, parks, restaurants, and all your shopping needs. Nearby school catchments are Royal Heights Elementary and L.A. Matheson Secondary. (id:48205)

5 Bedroom 2 Bathroom 2180
For sale
$1,499,000
15104 92A AVENUE, surrey, British Columbia

15104 92a Avenue

Surrey, British Columbia

Attention investors. Perfect holding property until you are ready to build your dream home, or bring your creative ideas and renovate. This home was built in 1978 and is a 1 owner property with lots of space and lots of potential, just waiting for the right buyer. So much potential here to really make this the perfect home for a family or investor. This home sits on a quiet, large, flat south facing lot of about 7300 sqft is perfect for the kids to play or for all the gardeners out there. Lots of trees and lots of privacy. Plenty of parking, plenty of storage and with the right ideas and the right updating you really have a gem here. Roof ,A/C, hot water tank and furnace all replaced within the last 2 years. Priced to sell so hurry and book an appointment (id:48205)

3 Bedroom 3 Bathroom 2125
For sale
$1,499,000
14366 115 AVENUE, surrey, British Columbia

14366 115 Avenue

Surrey, British Columbia

Discover your dream home at 14366 115 Ave, Surrey-a 2,941 sqft, 5BR, 3BA oasis on an 8,146 sqft lot. Centrally located, close to transit and minutes to schools, including highly-rated Surrey Traditional Elementary. Enjoy a peaceful, yet vibrant lifestyle with nearby parks, restaurants, entertainment, Surrey Central City, Guildford Mall & Rec Center. 5 min to HWY 15, 10 mins to Pattullo Bridge. Features a unique secret room, a tenanted 1 bed 1 wash basement suite, and a spacious backyard with a storage shed. Future development potential (check with city) & great investment. Competitively priced - book your private showing today. (id:48205)

5 Bedroom 3 Bathroom 2941
For sale
$1,499,000
16881 80 AVENUE, surrey, British Columbia

16881 80 Avenue

Surrey, British Columbia

Don't miss this excellent chance to make this expansive 3900+ sq ft custom-built home yours! Welcome to this exquisite home, nestled on a serene street in the prestigious Fleetwood neighbourhood. This rare gem, a Rancher with a Full Basement, boasts 6 spacious bedrooms, 4 full bathrooms, and 3 cozy fireplaces, ensuring ample room for your family to thrive. As you enter, you are greeted by hardwood floors and a grand foyer with vaulted ceilings, leading seamlessly to an open concept living and sunny south-facing dining area. The kitchen has been meticulously updated with Quartz Countertops, S/S appliances, and Soft-Closing cabinets. The expansive basement features a Home Theatre Space & Suite Options for Mortgage Help. A/C incl. Don't miss this remarkable opportunity in unbeatable location! (id:48205)

6 Bedroom 4 Bathroom 3973
For sale
$1,498,000
15940 101A AVENUE, surrey, British Columbia

15940 101a Avenue

Surrey, British Columbia

Hidden GEM in popular Guildford, this beautiful home has very charming entrance that you'll fall in love at first glance. Main level, you'll find spacious living rm w/fireplace, elegant dining rm w/big windows, mbdrm with 3pc ensuite, WI closet plus 2 more generous sized bdrm & 4pc bath. Updated kitchen with SS appliances & backsplash & cozy eating area w/patio door leads you to beautiful balcony overlooking private south facing backyard. Below level, 2 bdrms, huge family rm & laundry & mud rm area. Engineering hardwood flooring, designer paints, slate flooring, vacuum system & much more. (id:48205)

5 Bedroom 3 Bathroom 2706
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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