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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
$1,550,000
9110 128 STREET, surrey, British Columbia

9110 128 Street

Surrey, British Columbia

LOCATION! LOCATION! Welcome to this beautiful home located in one of the most desirable areas in Surrey. This 11-bedroom, 5-washroom house sits on a large 7281-square-foot lot. The main floor has a master bedroom, a spacious living room, dining rooms, and 3 full washrooms. The basement offers four good-sized bedrooms with three kitchens. The house is completely renovated with new high-end stainless steel kitchen appliances, flooring, modern lighting fixtures, and bathroom tubs. This home has multiple mortgage helper suites with separate entrances and laundry. Do not miss the opportunity and make this beautiful home your dream home. (id:48205)

11 Bedroom 5 Bathroom 3505
For sale Open House
$1,550,000
7080 195A STREET, surrey, British Columbia

7080 195a Street

Surrey, British Columbia

Excellent family home with a legal 2 Bdrm suite in popular Clayton Heights! The main floor features a gourmet kitchen, formal dining room, spacious living room and Den! Upstairs you have 4 large sized bedrooms including a deluxe Primary Bedroom with a WIC and ensuite! In the basement enjoy a gym space or rec room for the main house! There's also a separate self contained 2 bedroom legal suite in the basement with upgraded kitchen cabinets and a parking stall at the back for the suite! ATTACHED Double car garage fenced yard! (id:48205)

6 Bedroom 4 Bathroom 3277
For sale
$1,550,000
12181 94A AVENUE, surrey, British Columbia

12181 94a Avenue

Surrey, British Columbia

Great investment close to Surrey Downtown! Huge 7200 sqft Lot! Renovated kitchen, lots of updates, newer laminate flooring throughout the entire home, new doors, baseboards, blinds, and fresh paint. Big Backyard ready for your ideas! 3 Bedrooms and 1.5 Bathrooms on main, a Big 2 bedroom Basement Suite and an additional bachelor suite make great mortgage helpers. Amazing location, walking distance to Elementary, High School and Bus Stop. Walmart, Save on Foods and Restaurants nearby. Located near the Skytrain (35 min to Downtown Vancouver). 3 storey possible, check with the city. Makes a great investment and an amazing future building lot. (id:48205)

6 Bedroom 4 Bathroom 2200
For sale
$1,550,000
7263 194A STREET, surrey, British Columbia

7263 194a Street

Surrey, British Columbia

Welcome to Clayton Heights! Great investment property or live in ready home. Bright and Open floor plan and quality home with 9 ft ceilings on main and generous kitchen complete with granite counter tops with spacious island. Extensive use of large windows creates a sense of space and natural light. Includes a fully finished 2 beds basement suite with own appliances and separate entrances. Ample parking with double garage and 1 extra open parking stall. GREAT LOCATION. Easy access to major Highways, Shopping malls & Schools. Don't miss it. (id:48205)

5 Bedroom 4 Bathroom 2438
For sale Open House
$1,549,800
12370 95 AVENUE, surrey, British Columbia

12370 95 Avenue

Surrey, British Columbia

Nicely kept Basement Entry house of 6 bedrooms and 2 bathrooms is available now in the desired neighborhood of Queen Mary Park Surrey. On the main floor you will have a separate living and family area making it perfect for get-togethers, Kitchen with Eating Area, 3 bedrooms, a sundeck perfect for outdoor BBQs. Also, features a 2 Bedroom Suite and a Bedroom for your own use on the lower level. House is close to everything such as Parks, Schools, and Transit. Do not miss out on this amazing opportunity. (id:48205)

6 Bedroom 2 Bathroom 1770
For sale Open House
$1,549,000
16167 95A AVENUE, surrey, British Columbia

16167 95a Avenue

Surrey, British Columbia

Immaculate 5BR 3BTH Fleetwood residence. Found within an idyllic, family-friendly culdesac, this inviting home sits atop a double garage & sprawling 7,104 SQFT lot. A generous foyer welcomes you in, leading to a spacious, sunlit main w/ airy vaulted ceilings illuminated by stunning windows. Your tastefully refreshed kitchen offers stainless steel appliances & quartz counters surrounded by high-gloss cabinetry & a tiled backsplash. Step out onto your massive, covered balcony overlooking an expansive, fenced yard w/ back lane access for RV/boat parking. Tranquil bedrooms & updated bathrooms complete the upper level while separate entry 2BR 1BTH creates multiple living options. Walk to Serpentine Heights Elem, North Surrey Sec & Tynehead Park or drive to Guildford Mall & Hwy 1 within minutes. (id:48205)

5 Bedroom 3 Bathroom 2397
For sale Open House
$1,549,000
19028 72A AVENUE, surrey, British Columbia

19028 72a Avenue

Surrey, British Columbia

Amazing 3413 sq ft. home on a large 3787 sq ft. lot! This quality-built Coach home boasts a spacious living area with open kitchen featuring granite countertops & stainless appliances. The large primary bedroom includes a luxurious 5pc en-suite & walk-in closet. The fully finished basement with separate entrance is roughed in for a additional kitchen / suite if wanted. Situated on a serene cul-de-sac street across from the new Salmon Berry Park, this property is within walking distance to transit, schools, shopping & recreation. The legal one-bedroom coach home above the garage provides an excellent mortgage helper. Enjoy the fully fenced yard with a concrete patio, creating the perfect setting for outdoor enjoyment. This is the best value in the area and a must-see property! (id:48205)

4 Bedroom 5 Bathroom 3413
For sale
$1,549,000
12209 99 AVENUE, surrey, British Columbia

12209 99 Avenue

Surrey, British Columbia

INVESTOR ALERT!! Huge corner lot (9000sqft) with view of the North Shore mountains with lane access. Come build your dream home right away or hold this rare piece of property until you are ready and take advantage of the rental income. The upstairs would make a nice rental unit as it has 3 bedrooms and 1 bath with large dining and living area with a large sundeck off the kitchen with mountain views. The downstairs has some unfinished space that would be easy to finish and add to square footage and use for the upstairs. The basement also has a separate entry with a 1 bedroom suite that is very easy to rent out. The detached garage could have a coach house added above making it possible for a 3rd rental income. Lots possibilities, lots of options for the right buyer. Hurry wont last! (id:48205)

4 Bedroom 2 Bathroom 1922
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
$1,548,888
16347 95 AVENUE, surrey, British Columbia

16347 95 Avenue

Surrey, British Columbia

Great investment opportunity! This massive 3900 sqft 5 bed 3 bath rancher with bsmt offers a master on the main with a full 4 piece ensuite with soaker tub. Two additional bedrooms plus a games/flex room above the garage for your kids to play their video games or to use as a study. Great open layout leading to a covered patio where you have a very private backyard backing on to green space. Tear down and build your dream home on this MASSIVE 8400 sqft house or simply renovate and live for years to come. 2 bedroom mortgage helper along with a secondary open area waiting for your bar ideas or additional bedrooms as a multiple sources of income, the ideas and opportunities are endless. Less than 10 mins from Guildford mall and less than 10 mins from HWY 1. Book your private showing today (id:48205)

5 Bedroom 3 Bathroom 3906
For sale Open House
$1,548,800
14693 ASHFORD PLACE, surrey, British Columbia

14693 Ashford Place

Surrey, British Columbia

Welcome to your future home in the Heart of Surrey, where the perfect blend of convenience and potential awaits! This captivating property boasts a GENEROUS 9692 SQFT LOT, a large canvas for potential builders! Transform this property into your dream home or consider it as a lucrative long-term investment, with its flexible layout and VACANT mortgage helper. Buy now and hold in a centrally located part of Surrey, this property will benefit from the upcoming Skytrain 152 Station. (id:48205)

8 Bedroom 2 Bathroom 1988
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
$1,548,000
13496 113 AVENUE, surrey, British Columbia

13496 113 Avenue

Surrey, British Columbia

For more information, click the Brochure button below. Wonderfully practical house in emerging North Surrey! This updated and well maintained home sits in a quiet residential area on a 7,204 sqft corner lot. Ground floor is comprised of lobby, living, dining, a spacious kitchen (ceramic cooktop, intelligent gas oven, stainless steel fridge w/ice dispenser), laundry / bathroom, and a tech closet convertible to a pantry. The upstairs includes 4 bedrooms, the main bathroom and a large study. Master bedroom has a 2-piece en-suite. The front bedroom is set up as office space, it has a balcony and A/C. Impeccably finished and organized 2-car garage w/ shop area at the back, motorized overhead doors, automatic ventilation system, card/keypad access, CCTV and stereo/MP3. Six open parking spaces! (id:48205)

4 Bedroom 3 Bathroom 2136
For sale
$1,528,000
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
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
$1,524,900
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. (id:48205)

6 Bedroom 5 Bathroom 3048
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 May 11 2pm-4pm (id:48205)

4 Bedroom 3 Bathroom 2249
For sale
$1,500,000
6652 195 STREET, surrey, British Columbia

6652 195 Street

Surrey, British Columbia

This exceptional 2-storey home w/ a basement & legal 1-bedroom coach house is an absolute gem! Enjoy unparalleled privacy w/ no immediate neighbors on one side, offering breathtaking views of a lush greenbelt. The main floor boasts a gourmet kitchen w/ stunning granite counters, a beautiful backsplash, & high-end S/S appliances including a gas stove. A spacious den/flex room flooded w/ natural light is perfect for any use. The primary bedroom ensuite features a luxurious soaker tub and separate shower. The basement suite has been tastefully renovated w/ permits for use as a daycare. Additionally, the legal 1-bedroom coach house offers a cozy living space w/ its own kitchen and bath. Prime location, steps from Willowbrook Mall, restaurants, & future skytrain. AMAZING investment opportunity! (id:48205)

5 Bedroom 5 Bathroom 2343
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
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
$1,499,900
12229 99 AVENUE, surrey, British Columbia

12229 99 Avenue

Surrey, British Columbia

Are you prepared to turn your dream home into a reality? Here is a desirable lot in heart of Surrey.The current house is not livable, land value only & being sold as-is.Plans are ready for a three-story, over 6000 sqft home.This property has a back lane as well a perfect lot for potentially to build a coach home or laneway home perhaps under the new rule in starting in June.All further potential must be verified by the buyer. (id:48205)

5 Bedroom 2 Bathroom 2452
For sale
$1,499,900
15124 92A AVENUE, surrey, British Columbia

15124 92a Avenue

Surrey, British Columbia

Very Close to Upcoming 152/Fraser Hwy Skytrain Station, Amazing Current Value & Future Value!! Classic Large basement entry style home on a 7,438 rectangular square foot lot. This home features 3 Bedrooms Upstairs plus a 2 bedroom suite in the basement. Bright South facing backyard, lots of parking up front. Great place to call home or to invest. Walking distance to all shopping & transportation. School catchment is Bonaccord Elementary & Johnston Heights Secondary. (id:48205)

4 Bedroom 3 Bathroom 2510
For sale Open House
$1,499,900
15703 101 AVENUE, surrey, British Columbia

15703 101 Avenue

Surrey, British Columbia

Discover the allure of this charming split-level home nestled in the serene Fleetwood neighborhood. Situated on a peaceful, family-friendly street, this sought-after location provides an ideal living environment. Benefit from the proximity to schools, shopping centers, restaurants, and easy access to HWY #1. Step into the inviting and brightly lit living space, featuring a cozy gas fireplace seamlessly transitioning into the formal dining area. The spacious kitchen boasts ample natural light and opens to one of two delightful patios. Adjacent to the kitchen, you'll find a comfortable family room, perfect for unwinding. Lastly, indulge in the expansive and private backyard retreat, complete with a tranquil garden. Contact for a showing appointment.OPEN HOUSE SUNDAY MAY 5TH FROM 3PM TO 5PM (id:48205)

4 Bedroom 4 Bathroom 2110
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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