Notice: Uninitialized string offset: 19 in /home/natashataylor/public_html/wp-content/plugins/fusion-builder/shortcodes/fusion-table.php on line 119

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.

584 results | Page 13 of 25
12 24 48
Search/Filter Properties


LOADING

For sale Open House
$549,999
312 9765 140 STREET, surrey, British Columbia

312 9765 140 Street

Surrey, British Columbia

Discover urban tranquility in this spacious top-floor corner unit! Boasting 2 beds, 2 baths, and 1017 sqft of living space, plus a 67 sqft balcony, this residence offers a perfect blend of comfort and convenience. Situated in a well-kept condominium building with wide corridors, enjoy peaceful living in a quiet neighborhood while being centrally located. Skytrain stations, hospitals, restaurants, and shopping centers are just minutes away, making it ideal for first-time homebuyers and investors alike. Don't miss out on this opportunity- call your Realtors today! (id:48205)

2 Bedroom 2 Bathroom 1082 sqft
For sale
$549,999
2103 13359 OLD YALE ROAD, surrey, British Columbia

2103 13359 Old Yale Road

Surrey, British Columbia

Brand New 21st Floor 1 bed 1 bath 513 square foot unit w/ A/C at the highly anticipated Holland by Townline! Open concept layout that is beautifully finished features kitchen w/ Samsung appliances package incl a gas range, quartz counters & tons of storage, spacious living room w/ wide plank laminate flooring, large 118 sq. ft. balcony with stunning city & mountain views, good sized primary bedroom & 4 piece bathroom. Fantastic location just steps to skytrain, SFU, Central City Mall & across the street from Holland Park! Great building amenities incl: gym, meeting/co-work space, party room, concierge. Perfect for first time buyer or investor! 1 parking & 1 storage locker included. Open house Sunday, May 26th, 2-4pm. (id:48205)

1 Bedroom 1 Bathroom 513 sqft
For sale Open House
$549,900
201 13555 GATEWAY DRIVE, surrey, British Columbia

201 13555 Gateway Drive

Surrey, British Columbia

2-bedroom, 2-bath unit is a gem! With its sunny open-concept layout. The perfect spot to kick back and relax. Plus, you can't beat the location - steps from Gateway Sky Train, schools, SFU, and the City Center Mall. (id:48205)

2 Bedroom 2 Bathroom 888 sqft
For sale Open House
$549,900
320 10788 139 STREET, surrey, British Columbia

320 10788 139 Street

Surrey, British Columbia

Check out this conveniently situated 2-bedroom apartment, nestled beside Forsyth Road Elementary School and mere minutes away from the Skytrain station, Holland Park, SFU, KPU, and downtown Surrey. Embrace the open layout design, flooding the space with natural light and boasting generously sized bedrooms. Complete with 1 parking spot and 1 storage locker for your ease, this residence ticks off numerous essentials on your wish list! Don't miss out on the opportunity to rent or bring along your furry companions with certain restrictions. Contact us today to schedule your exclusive viewing. Call or text more information. (id:48205)

2 Bedroom 1 Bathroom 771 sqft
For sale
$549,900
226 13968 LAUREL DRIVE, surrey, British Columbia

226 13968 Laurel Drive

Surrey, British Columbia

BRAND NEW OAK & ONYX is situated only a few steps from the future 140 St Skytrain Station and only a 10 min walk to SMH and Green Timbers Park walking trails! This Peaceful GROUND LEVEL unit Boasts a large 155sf Private Patio while fronting the Serene Tree lined Laurel Drive. Large floor to ceiling Windows and Doors bring in tons of Natural Light. Luxurious kitchen featuring Quartz countertops, Stainless Steel Samsung appliances and built in Panasonic Microwave. Rentals and Pets Allowed. BONUS this unit is also an ACCESSIBLE UNIT! Call for More Info! (id:48205)

1 Bedroom 1 Bathroom 646 sqft
For sale
$549,900
3608 9981 WHALLEY BOULEVARD, surrey, British Columbia

3608 9981 Whalley Boulevard

Surrey, British Columbia

No property has ever checked ALL the boxes at once. NEW PAINT! Stunning views, amazing location, guaranteed appreciation and lucrative rental income for investors & spacious for young families all for an UNBEATABLE price. Welcome Park Place where you have everything you need within walking distance: coffee shops, restaurants, parks, transit, schools, shopping and more! The building offers a fully equipped gym, spacious yoga studio, sauna/steam room, 24 hour concierge, meeting room and more! The open layout in the unit is flooded with natural light from floor-to-ceiling windows and the efficiently styled kitchen with stainless steel appliances along with panoramic views of the SouthWest the unit the cherry on the cake! This unit won't last. Call now!! OPEN HOUSE: SATURDAY 12:30PM-2:00PM (id:48205)

2 Bedroom 2 Bathroom 766 sqft
For sale Open House
$549,900
2505 10448 UNIVERSITY DRIVE, surrey, British Columbia

2505 10448 University Drive

Surrey, British Columbia

Stunning 1BR E facing, rarely available unit. This new hotel-inspired Bosa residence features innovative storage solutions maximizing every inch of this home. Gourmet kitchen w/ premium, integrated appliances & stone counters concealing an extendable dining table. Enjoy 23,000 SQ FT of amenities, incl. gym, yoga studio, spin room, outdoor heated pool, rooftop terrace w/ BBQ & fire pit, social lounge & parcel delivery. 1 parking. The building is just steps to the skytrain, shopping, banks, restaurants & grocery. (id:48205)

1 Bedroom 1 Bathroom 515 sqft
For sale
$549,900
2303 13387 OLD YALE ROAD, surrey, British Columbia

2303 13387 Old Yale Road

Surrey, British Columbia

Invest in future Surrey Downtown. Spacious 1 Bed 1 bath Condo on 15th floor in the desirable & sold out Holland Two Building. This unit comes with 1Parking and 1 storage Locker and a HUGE 140 sqft Patio facing Garden area. Steps away from Holland Park and short walk to both King George & Surrey central Skytrain Stations, KPU/SFU Surrey campuses and Future UBC campus, Excellent amenities spreadover 19,000 sqft. including rooftop patio, dog wash area, games room, private lounge, guest suite karaoke room, gym & yoga room, play area for kids &much more. (id:48205)

1 Bedroom 1 Bathroom 520 sqft
For sale
$549,900
1106 13399 104 AVENUE, surrey, British Columbia

1106 13399 104 Avenue

Surrey, British Columbia

Don't miss out on this incredible opportunity! Centre location in the Heart of Surrey! Close to Central City shopping mall, T&T Market, recreation center, library, skytrain, and Holland Park. Bright 1 bdrm + large den (could be 2nd bed)/ 1 bath upper unit with a fantastic south west view. Features include large patio, quartz countertops, bamboo floors, and SS appliances. Building amenities include a fitness center, entertainment room, and meeting room. One parking and one locker. Pets and rentals allowed! Open House May 25, & 26 from 2:00 to 4:00PM (id:48205)

2 Bedroom 1 Bathroom 790 sqft
For sale
$549,900
304 10675 138A STREET, surrey, British Columbia

304 10675 138a Street

Surrey, British Columbia

Introducing Crestview Garden! This meticulously renovated penthouse with 2 bedrooms and 2 bathrooms is ready for you to move in. The open layout is filled with natural light through the large windows all day. Enjoy the private deck for BBQs and serene courtyard views. The modern design includes a stylish kitchen with new appliances. The penthouse interior is freshly painted in white, complementing the gas fireplace and in-suite laundry with new washer/dryer and shaded blinds. Located in Surrey, it's close to Forsyth Park, an Elementary School, supermarket, transit, and dining. Maintenance fee covers gas and hot water. Don't miss your chance, call now for a private viewing! (id:48205)

2 Bedroom 2 Bathroom 971 sqft
For sale
$549,900
413 13501 96 AVENUE, surrey, British Columbia

413 13501 96 Avenue

Surrey, British Columbia

This charming unit boasts a prime location, mere steps from King George skytrain, Surrey Memorial Hospital, SFU & Surrey Central Mall, yet still offers the serene sounds of birds chirping & the occasional squirrel sighting by the dining room window. Positioned on the TOP CORNER with a southeast facing orientation, this 2-bdrm unit enjoys a delightful cross breeze. The customized kitchen features a skylight, flooding the space with natural daylight, along with quartz countertops & a reverse osmosis water system. Cozy up beside the heavy-duty fireplace for added warmth & ambiance. The well-maintained building is surrounded by mature trees & greenery, ensuring a tranquil atmosphere. With low deductibles on insurance & a healthy contingency reserve fund. (id:48205)

2 Bedroom 1 Bathroom 1000 sqft
For sale
$549,900
4204 13350 CENTRAL AVENUE, surrey, British Columbia

4204 13350 Central Avenue

Surrey, British Columbia

Welcome to urban luxury at ONE CENTRAL! Experience the pinnacle of living in this PENTHOUSE unit. With 1 BED + versatile FLEX/Bedroom, it's ideal for savvy homeowners or investors. Enjoy 25,000 sq ft of amenities, including a fitness center and 24/7 concierge. The 44th-floor rooftop offers breathtaking views of mountains, river, city, and valley. Minutes from SFU, KPU, Central City Shopping Centre, T&T Supermarket, Walmart, and Skytrain Station. Ready for immediate occupancy. (id:48205)

1 Bedroom 1 Bathroom 481 sqft
For sale
$549,900
410 13458 95TH AVENUE, surrey, British Columbia

410 13458 95th Avenue

Surrey, British Columbia

Attention first time home buyers! Located south of Surrey Central, this location offers convenient access to the city's amenities, such as shopping, entertainment, universities, and parks. Galilea offers residents a tranquil residential environment, blending urban convenience with suburban peace. The unit features meticulously designed kitchens with refined quartz stone countertops, stylish backsplashes, polished chrome fixtures, and stainless steel appliances, ensuring a perfect balance of aesthetics and practicality. With its high ceilings, extra-wide windows, and contemporary textured laminate flooring, Galilea provides a modern living experience. Additionally, its proximity to the SkyTrain facilitates easy commuting and exploration of nearby areas. Not enough down payment? No problem, you may still own this. Call now. (id:48205)

1 Bedroom 1 Bathroom 549
For sale
$549,900
2408 13359 OLD YALE ROAD, surrey, British Columbia

2408 13359 Old Yale Road

Surrey, British Columbia

Indulge in sophisticated urban living at The Holland by Townline, a pristine 1-bedroom, 1-bathroom residence on the 24th floor in Surrey Central. Capture breathtaking city and mountain views from the south-facing balcony. The kitchen boasts high-end Samsung appliances, a gas range, quartz countertops, and two-toned cabinetry with under-cabinet LED lighting. Stay comfortable with full air-conditioning in this meticulously designed unit. Enjoy a lavish lifestyle with 13,000 sq. ft. of amenities, including a fitness facility, entertainment lounge, pet spa, music room, guest suite, indoor social lounge, and outdoor gathering area with a bar and BBQ. Perfectly situated near two Skytrain stations, SFU, UBC, and City Centre retailers. Don't miss out on this exceptional living experience, complete with one parking spot and a storage locker for added convenience. Call now to make this urban oasis your home! (id:48205)

1 Bedroom 1 Bathroom 477
For sale
$549,888
601 10778 138 STREET, surrey, British Columbia

601 10778 138 Street

Surrey, British Columbia

Welcome to Hendrix, an exciting new development situated in the thriving Gateway district of Surrey. Prepare to be impressed by this brand NEW and spacious 1 bed condo. Offering a serene and tranquil atmosphere, this unit faces East and overlooks a peaceful courtyard. The kitchen is a chef's dream, featuring top-of-the-line S/S appliances, sleek polished quartz countertops, and ample cabinetry. In addition, residents will have access to a range of outstanding amenities, including a spacious party room, a cozy lounge with a dedicated dining area, BBQ station and close proximity to the skytrain for easy transportation. Don't miss out on this exceptional OPPORTUNITY - act now and make this condo your new home! (id:48205)

1 Bedroom 1 Bathroom 628 sqft
For sale
$549,800
401 13728 108 AVENUE, surrey, British Columbia

401 13728 108 Avenue

Surrey, British Columbia

QUATTRO 3, a MASTER PLANNED COMMUNITY by Tien Sher, in SURREY CITY CENTRE! minutes walking distance to SKYTRAIN, recreation and shopping,SFU, KPU, schools, featuring a fully equipped, well maintained GYM! The suite features an open floor plan with LARGE BREAKFAST BAR - classic colour scheme with dark cabinets and marbled countertops. Beautiful, clean and well Maintained stainless steel appliances, 2 bedrooms plus Den, 1 bathroom in this HUGE 856 SF suite, includes a large storage area off the kitchen , storage locker and 1 UNDERGROUND PARKING SPACE! Prime Surrey central! (id:48205)

2 Bedroom 1 Bathroom 856
For sale
$549,500
1906 10899 UNIVERSITY DRIVE, surrey, British Columbia

1906 10899 University Drive

Surrey, British Columbia

***OPEN HOUSE 2-4pm SATURDAY APRIL 27th, 2-4pm *** UNOBSTRUCTED NORTH, NORTH-EAST VIEWS OF SNOW-CAPPED MOUNTAINS in the winter from the 19th Floor!!! Welcome to the Heart of Surrey! Well connected location within walking distance to Gateway Skytrain Station! This beautiful 2 bedroom unit is in the "The Observatory". Best Mountain and River views from Fraser Valley! Amenities include clubhouse, exercise room, sauna & hot tub. Convenient location, only steps away from Gateway Skytrain station, walking distance to Chuck Bailey's Rec Center and Whalley Athletic Park. Shopping center including Nesters market, TD Bank and Shoppers Drug Mart right beside Gateway Skytrain Station. This home won't last long. Don't miss this opportunity! (id:48205)

2 Bedroom 2 Bathroom 942
For sale
$549,000
2110 10777 UNIVERSITY DRIVE, surrey, British Columbia

2110 10777 University Drive

Surrey, British Columbia

Prime Corner Unit with a Great View from the 21st Floor. This Two-Bedroom, Two-Bathroom Gem Features Contemporary Design, Quartz Countertops, Stainless Steel Appliances, and In-Suite Laundry. Enjoy Amenities such as Exercise and Media Rooms, BBQ Courtyard, and State-of-the-Art Security. Conveniently Located near SFU, Central City Mall, and Hospital. Don't Miss Out on this Perfect Blend of Comfort and Convenience. Please call for private viewing. (id:48205)

2 Bedroom 2 Bathroom 743 sqft
For sale
$549,000
122 11077 RAVINE ROAD, surrey, British Columbia

122 11077 Ravine Road

Surrey, British Columbia

Welcome to Ledgeview by Quadra Homes, almost brand new 1 bed, 1 bath condo with amazing City and Mountain Views from the roof top patio!! Approx 800 mts from the Gateway Skytrain Station. Air condition ready, triple glazed large size windows and other modern & luxurious features through out the property with high end finishing. Featuring top of the line S/S appliances, washer and dryer. The kitchen boasts amazing finishing and ultra deep sinks, plus extra storage space and gas range. This unique property has a communal roof top patio complete with children's playground, and picnic tables all with extra ordinary views of mountain ranges and cityscape. The facilities include gym, party hall and spaces on ground floor. Tenant occupied ($2100.00/month) Month to Month (id:48205)

1 Bedroom 1 Bathroom 519 sqft
For sale
$549,000
314 10778 138 STREET, surrey, British Columbia

314 10778 138 Street

Surrey, British Columbia

"GST INCLUDED" Introducing a stunning 2023 Built condo, perfectly located in the heart of Surrey's bustling Central area. This is the opportunity you've been waiting for! Key Features: Prime Location: The Gateway SkyTrain Station is just a short stroll away, making your daily commute a breeze. Spacious Layout: 625 sq. ft. of interior and 50 sq. ft of exterior well-designed space for your comfort and convenience. Price Inclusion: 1 Car Parking & 1 Storage Locker. EASY TO SHOW (id:48205)

1 Bedroom 1 Bathroom 675 sqft
For sale
$549,000
3103 13350 CENTRAL AVENUE, surrey, British Columbia

3103 13350 Central Avenue

Surrey, British Columbia

Welcome to ONE CENTRAL!! Brand new 1 bed+ den condo on 30th floor in downtown Surrey offers a modern kitchen with stainless steel appliances, a spacious living room, quartz countertops. 1 parking and bike storage. Enjoy amazing view from kitchen, living room and balcony. The building features 24-hour concierge, a rooftop lounge with panoramic views, BBQ facilities, gym, pool tables and more. Centrally located near Surrey Central Skytrain Station, SFU, and Central City Mall. DO NOT MISS OUT ON THIS ONE!!! Showings by appointment only. Please call for more details. (id:48205)

1 Bedroom 1 Bathroom 536
For sale
$549,000
204 13955 LAUREL DRIVE, surrey, British Columbia

204 13955 Laurel Drive

Surrey, British Columbia

Welcome to the prestigious King George Manor. Centrally located near schools, shopping, hospital, skytrain, groceries, recreation, SFU and the upcoming new UBC campus, this super rare and seldom available extra large 1 bedroom condo offers 790 square feet of llving space. Enjoy the balcony on those nice summer days which is facing the desireable west side. This unit comes with 1 secured underground parking. There is also a storage locker that comes with the unit. This spectacular floor plan has an open concept with a large bright kitchen. Units like this are rare and seldom ever become available and are ultra desirable. Call listing agent to view. (id:48205)

1 Bedroom 1 Bathroom 790
For sale
$549,000
1604 13675 107A AVENUE, surrey, British Columbia

1604 13675 107a Avenue

Surrey, British Columbia

INVESTOR ALERT! Coming near Surrey City Centre and the future UBC Surrey Campus in 2025, is Surrey's first master-planned community - the highly anticipated Flamingo One tower. This large 1 bed-1 bath offering exceptional mountain views on the 16th floor, is the perfect investment opportunity with 10K UBC students requiring housing. Well-planned kitchen featuring premium integrated Fulgor Milano appliances, stone countertops and flat panel cabinetry. Includes 1 bike locker, a/c, rentals/pets allowed. 5-minute walk to Gateway SkyTrain. Boasting over 25,000 sq ft of stunning indoor/outdoor amenities featuring the Flamingo Club to entertain guests, guest suites, outdoor lounge & BBQ area, a fully equipped gym, co-working space, a theater, community gardens, children's play area and a dog park (id:48205)

1 Bedroom 1 Bathroom 531
For sale
$548,888
223 13968 LAUREL DRIVE, surrey, British Columbia

223 13968 Laurel Drive

Surrey, British Columbia

First time home buyer/investor alert! OAK + ONYX the luxurious low-rise project in the most demanding and prime location of Surrey and just steps away from the future Langley skytrain extension, this apartment is close to almost everything - shopping, schools, skytrain station, entertainment, restaurants, SFU, hospital & grocery stores! This bright and most sought-after floorplan 1 bed + den & 1 bath the ONYX dark colour scheme, features beautiful SS appliances, tons of cabinetry for storage, FULL kitchen island, quartz countertops, in suite laundry. Rough-n EV parking and good size storage locker included. Rentals allowed; pets allowed. NO GST. (id:48205)

1 Bedroom 1 Bathroom 636 sqft
Your Favourites

 

No Favourites Found

 

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