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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
$1,499,000
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
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
For sale
$1,492,000
11712 97 AVENUE, surrey, British Columbia

11712 97 Avenue

Surrey, British Columbia

GREAT OPPORTUNITY FOR INVESTORS & BUILDERS!! Build your 3 storey home on a perfectly rectangular lot of 7956 sq.ft (Buyer or Buyer's agent to confirm with city). Home contains 3 Bed & 1.5 Bath upstairs and 2 Bed Basement suite + Studio suite for mortgage helper. This property is situated on perfectly quiet as well as busy street (Quiet most of the time except at 8:30 am & 2:30 pm for 15 minutes only). Investors friendly area with beautiful mountain views. Close to Sky train station & across from Royal Heights Elementary School. Enjoy the convenience of being just a short walk away from Public transit. COME CHECK IT OUT!! (id:48205)

5 Bedroom 4 Bathroom 2083
For sale
$1,490,000
18987 67A AVENUE, surrey, British Columbia

18987 67a Avenue

Surrey, British Columbia

Desirable Clayton Heights, a family oriented neighborhood close to major shopping and public transit. 3 storey contemporary built by reputable Townline Homes. Featuring: Total of 5 bedrooms + den, 9' ceiling and laminate hardwood floors on main, 3.5 baths, generous family room with gas fireplace, bright open kitchen with large island and modern white cabinets, stainless steel appliances. Back lane access to a double side-by-side garage and one open parking. Fenced backyard for outdoor entertainment. Front & back wood decks. There is a self-contained 2 bedroom basement suite(Legal)with separate entrance, a great mortgage helper. Easy access to Langley Town Center and future Skytrain station. 2 level of schools and neighborhood shopping are within walkable distance. Great street appeal. (id:48205)

5 Bedroom 4 Bathroom 2602
For sale Open House
$1,490,000
10350 125A STREET, surrey, British Columbia

10350 125a Street

Surrey, British Columbia

Step into this charming property exuding character at every turn. Ascend the curved stairwell, illuminated by floor to ceiling windows, to the main floor. Here you will be wowed by breathtaking views of the North Shore mountains and city lights, vaulted ceilings soaring over a floor-to-ceiling curved wood-burning fireplace. Newer carpeting and an open-concept design complete the main floor. Numerous upgrades in 2010 include a 2-bedrm suite below, while recent additions like a new roof, fascia, and fence in 2018 ensure lasting quality. Modern amenities abound with a new furnace and hot water on demand. Ideally located within the school catchment of Prince Charles Elementary & L.A. Matheson Secondary. This meticulously maintained home is poised to welcome you and your family with open arms. (id:48205)

5 Bedroom 4 Bathroom 3191
For sale
$1,490,000
7877 168 STREET, surrey, British Columbia

7877 168 Street

Surrey, British Columbia

Rancher on a 9700+ sqft lot. Large open rooms, featuring large living room with gas fireplace, dining room with a nice beautiful kitchen with island. Easy care hardwood and tile floors. 3 bedrooms with 2 full baths. Spacious master bedroom with full ensuite and double closet. Covered deck/solarium for all your summer needs. The garage off the lane is 800 sqft. 220v and 50amp for your workshop. Lots of extra parking including a spot for your RV with sewer hookup. The high crawl space is great for your extra storage. Close to shopping, golf courses and easy access to highway. Walking distance to the new Surrey to Langley Skytrain proposed to be completed 2028. William Watson Elem & Fleetwood Park Sec. catchments. (id:48205)

3 Bedroom 2 Bathroom 1755
For sale Open House
$1,488,000
8835 157 STREET, surrey, British Columbia

8835 157 Street

Surrey, British Columbia

The Rancher you have been waiting for, with a wider hallway, suitable for wheelchair! A well cared for, 1-Owner, non-smoker, custom designed 1,828 Sq. Ft. 3 Bedroom home that is surrounded with 12 more Ranchers! (Rancher Row). You'll love the Large Bedrooms, Bright Kitchen & Dining room. The huge Living room features laminate flooring & a bright bay window. The large Family room has a large slider to the covered patio, facing the Sunny west facing, private, full size level back yard. New roof in '07, New Furnace in '09, 1" windows & blinds in '23. Copper plumbing & 3 Ft. crawl space. These gems just don't come around too often and is perfect for empty nesters or a young family. A short walk to Woodland Park Elementary School, Shops, Parks & Future Skytrain Station! Quick possession OK. ; -) (id:48205)

3 Bedroom 2 Bathroom 1828
For sale
$1,488,000
10220 158A STREET, surrey, British Columbia

10220 158a Street

Surrey, British Columbia

Perfect family home in a quiet cul-de-sac in the most desirable area in the heart of Guildford - Sommerset! This 4 bedroom, 2.5 bath is very well maintained with newer carpets, paint and upgrades. Large deck off kitchen provide great space for Summer BBQ. Close to T&T, Guildford Mall, elementary school, high school, transit and hwy #1. (id:48205)

4 Bedroom 3 Bathroom 1826
For sale
$1,480,000
9393 160A STREET, surrey, British Columbia

9393 160a Street

Surrey, British Columbia

PRIME FAMILY NEIGHBOURHOOD LOCATION!! ROCK SOLID 3 BEDROOM, 2 BATH RANCHER ON A LARGE 7100SQ FOOT LOT WITH BACKLANE ACCESS! This home is turnkey ready. Open, spacious, and clean. Extremely well cared for by one family for many years. There is nice extended and covered deck off the kitchen. A large shed with an attached greenhouse in the backyard. We also have some lovely fruit trees! You have options here. Live and enjoy today or BUILD IN THE FUTURE! You can't go wrong with this wonderful home. Walk to transit and all levels of schools. Shopping and amenities are all close by (id:48205)

3 Bedroom 2 Bathroom 1609
For sale
$1,479,900
14995 BLUEBIRD CRESCENT, surrey, British Columbia

14995 Bluebird Crescent

Surrey, British Columbia

Welcome to this charming & well-maintained residence located in Bolivar Heights. This home boasts 2045 sqft of living space sitting on 7200 SF Rectangular Lot & currently consist of 2 Bedroom Newly Renovated suite for mortgage helper. The main floor feat. a bright living room w/ large New windows, 3 bed, 2 bath & a large North-facing deck. The lower level consists of 2 bedroom suite. The property has been updated over the years with newer windows, kitchens, bathrooms, Laminate floors & much more. Located close to Guilford Mall, Transit & Hwy 1, Walking distance to École Riverdale Elementary & Guildford Park Secondary School. (id:48205)

5 Bedroom 3 Bathroom 2145
For sale Open House
$1,469,000
15153 96A AVENUE, surrey, British Columbia

15153 96a Avenue

Surrey, British Columbia

LOCATION, LOCATION! CORNER LOT, 4 BED/3 FULL BATH home with private back yard and 2-car garage... Situated in a quiet family neighborhood. Minutes to Guildford Mall, Schools, Hwy 1, Port Mann & Golden Ears Bridges, restaurants, all other amenities! Close to future Skytrain at 104 and 152 St. Nice open/bright entrance with skylight. Spacious primary & 2nd bedroom on main floor. 2 beds/1 bath above. Roof 2005, gas F/P & additional storage beside garage, & under stairs. Updates include: Windows, hot water tank/furnace in 2019, laminate floors, new kitchen & bath, custom closet organizers, hardi-plank exterior siding, lighting, patio, & gutters. Cul-de-sac at end of street with plenty of guest parking! OPEN HOUSE APRIL 27th and 28th from 2-4PM. ACT NOW! (id:48205)

4 Bedroom 3 Bathroom 2061
For sale
$1,465,000
9401 124A STREET, surrey, British Columbia

9401 124a Street

Surrey, British Columbia

Investors and Builders! A well-maintained basement entry house with 6 bedrooms and 3 bathrooms is now available in the desirable neighborhood of Queen Mary Park, Surrey. The main floor offers separate living and family areas, ideal for gatherings, a kitchen with an eating area, 3 bedrooms, and a sundeck perfect for outdoor BBQs. Additionally, it features a 2-bedroom suite and a bedroom for personal use on the lower level. The house is conveniently located near parks, schools, and transit. Don't miss out on this amazing opportunity with the potential to generate $4,500-$5,000 in rent. The property is close to bus stops, shopping centers, grocery stores, and schools, providing both growth and convenience. Hold onto this gem now. (id:48205)

6 Bedroom 3 Bathroom 2497
For sale
$1,460,000
14323 115 AVENUE, surrey, British Columbia

14323 115 Avenue

Surrey, British Columbia

Elevated Living in Bolivar Heights! Step into luxury within this meticulously crafted 3700sqft custom-built 6 bedroom sanctuary spanning three levels. Built in 2013, this home offers in-floor radiant heating throughout. As you enter, be greeted by the grandeur of a spacious front office adorned with hardwood floors. The open-concept Chef's kitchen merges seamlessly with the inviting living and dining areas, leading to a deck overlooking your private fenced yard and views of the Fraser River. Upstairs, find two spacious bedrooms and a palatial master suite with an ensuite bathroom. The walk-out basement features two 1-bedroom suites with private entrances and shared laundry facilities. Please Contact your Realtor for showings schedule! (id:48205)

6 Bedroom 5 Bathroom 3700
For sale
$1,455,000
9525 125A STREET, surrey, British Columbia

9525 125a Street

Surrey, British Columbia

QUEEN MARY HOME WITH 2 MORTGAGE HELPER SUITES- perfect for FIRST TIME BUYER OR INVESTOR. This 6 Bedroom 5 bathrooms house sits on 7813 sqft lot, very well kept, and renovated a few years ago. Main floor features 4 bedroom and 3 bathroom along with huge living also dining area & kitchen. Spacious basement- 2 mortgager helper 1+1 bedroom Suites. Huge lot fully private and fenced, perfect for your summer parties. This home is ideally situated near schools Senator Reid Elementary & L. A. Matheson Secondary, parks, shopping, and transit. Don't miss out on this exceptional opportunity to live in the most sought after neighborhood of Surrey. (id:48205)

6 Bedroom 5 Bathroom 2584
For sale
$1,450,000
11299 150 STREET, surrey, British Columbia

11299 150 Street

Surrey, British Columbia

Check out this dreamy family nest with a bonus mortgage helper! Nestled on a ginormous 9,400sqft lot across from a treed park, this home boasts two handy sheds/garages and a carport that could be transformed into another garage. Step inside to admire stunning original hardwood floors and a spiffy updated kitchen with shiny newer appliances. Upstairs, 3 bedrooms await, while downstairs has a separate entrance to a suite with a spacious kitchen, a bedroom, a den, and the potential for a second bedroom. No need to break a sweat this summer - a cool heat pump is on standby. Venture outside to discover a hot tub, a firepit, covered patios, and sun-soaked decks. And hey, there's oodles of parking space for boats, trailers, or wanderlust campers! (id:48205)

4 Bedroom 2 Bathroom 2122
For sale
$1,449,800
14335 GLADSTONE DRIVE, surrey, British Columbia

14335 Gladstone Drive

Surrey, British Columbia

A beautiful 2-Storey house of 5 bedrooms and 3 bathrooms is available now in the desired neighborhood of bolivar heights. Well maintained house in a quiet park setting. It is close to everything including Guildford town centre, transit stop and Ellendale Elementary school. Invergarry Park and Invergarry mountain bike park is at walking distance. Do not miss out on this amazing opportunity. (id:48205)

5 Bedroom 3 Bathroom 1942
For sale
$1,449,800
16376 96 AVENUE, surrey, British Columbia

16376 96 Avenue

Surrey, British Columbia

WELCOME HOME !!! 3 Level Split Home in Exclusive Area of FLEETWOOD. The home comes with huge Kitchen, Separate Dining, Living Area and 3 Bedrooms for your own use with 2 updated washrooms. SOME of the updates done in past Includes Flooring, paint and many more. HUGE Fenced Backyard, & Lots of Parking in the back. Home comes with a 1 Bedroom Suite. Close to Schools, parks, transit, City Central Shopping Centre, and all other amenities. Book your showing now BEFORE It's too LATE!!! HURRY!!! (id:48205)

4 Bedroom 4 Bathroom 2460
For sale
$1,449,777
15032 RAVEN PLACE, surrey, British Columbia

15032 Raven Place

Surrey, British Columbia

A lot of potential here in this well kept Gem.ONE LEVEL LIVING ~ 3 Bedroom rancher located in quiet Birdland neighborhood. Large 7200 sq ft lot with plenty of parking and lane access. Great location close to school's, recreation, entertainment, shopping and more! Book your appointment today (id:48205)

3 Bedroom 1 Bathroom 1142
For sale
$1,449,000
13833 114 AVENUE, surrey, British Columbia

13833 114 Avenue

Surrey, British Columbia

RANCHER WITH WALK OUT BASEMENT IN popular BOLIVAR HEIGHTS !!! This stunning 6 bedroom 4 bathroom home offers bright open floor plan with numerous updates. California shutters, refinished hardwood, nice kitchen, custom built shelving. Main floor offers lots of light with large windows looking onto private 8957sq ft. lot. Downstairs offers numerous updates with lots of space and light. Located on very quiet street. very close to elementary school. (id:48205)

6 Bedroom 4 Bathroom 2264
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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