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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 Open House
$1,648,000
7844 160A STREET, surrey, British Columbia

7844 160a Street

Surrey, British Columbia

Premier cul-de-sac living in Fleetwood - renovated home situated on a 9000+ sqft property on a greenbelt! This reimagined home offers modern updates that seamlessly blend with the timeless architecture: spacious & bright formal living + dining rooms, an impressive great room with bar, a generous kitchen with island & adjacent eating area. The double glass doors are perfect for indoor-outdoor living - enjoy BBQs & garden side dining on the sun terrace. Features: bedroom & full bathroom on the main, an impressive primary bedroom with walk in closet + spa-inspired ensuite ($25k+ renovation), 3 additional bedrooms on the upper, a gym, storage shed, kids playground & more! Leading school catchments, minutes to shopping, daily conveniences, services, Fleetwood Park & the future skytrain station. (id:48205)

5 Bedroom 3 Bathroom 3438 sqft
For sale
$1,645,000
9544 159A STREET, surrey, British Columbia

9544 159a Street

Surrey, British Columbia

Here is your opportunity to own a property centrally located minutes to Highway 1, Guildford mall, elementary and secondary schools, and public transportation. If you enjoy long walks with family and friends, the 3 KM Green Timbers Greenway path is just outside your front door. If that's not enough, the forested Tynehead perimeter trail is minutes away. This clean and well cared for 2 level home offers 4 bedrooms and 3 baths. The large open kitchen connects to a large 15'x 15' deck with beautiful Northeast Mountain views. The paint and flooring have recently been updated with mainly laminate through-out and a tiled front entrance. Property has a large, fully fenced back yard for gardening and kids along with a massive 19' x 15' covered patio for anyone looking to entertain friends. (id:48205)

4 Bedroom 3 Bathroom 2586 sqft
For sale Open House
$1,638,800
19481 67A AVENUE, surrey, British Columbia

19481 67a Avenue

Surrey, British Columbia

Welcome Home to this beautiful, newly renovated 6 bed home plus coach house, nestled on a quiet, tree-lined street in the heart of family-friendly Clayton! This move-in perfect home boasts brand new high-end laminate flooring, brand new carpets, professional paint inside & out, new fence, new furnace & more. You will love the bright, airy open concept plan with oversized windows throughout. Rarely seen large bedroom on main level provides many options. The primary retreat is lovely and features vaulted ceilings, his & hers closets and soaker tub in ensuite. 2 bed suite below as well as detached coach home are perfect mortgage helpers or lots of room for family. Just minutes from Katzie Elementary and Katzie Park. This is a fabulous home in the perfect location, you will love living here! (id:48205)

7 Bedroom 5 Bathroom 3057 sqft
For sale Open House
$1,629,000
19494 64 AVENUE, surrey, British Columbia

19494 64 Avenue

Surrey, British Columbia

Extremely open and bright 4 level split home customized for a large family allowing relaxation & serenity in the back yard! 6 bedrooms, 3 bathrooms, 3 living spaces, 2 sets of W/D & 5 separate entries in the heart Cloverdale. This beauty has multi-suite potential! Massive custom kitchen! Endless counter & cabinets space!! Stainless steel appliances, quarts countertops, gas range, HUGE double faucet sink & A/C! All sitting on laminate! Primary bedroom includes large ensuite & flex area. Basement has separate entry. Tonnes of storage! A gardeners oasis - large sundeck as well as a solarium! 4 parking, excellent location - steps from mcintyre park, minutes from shopping, restaurants, schools, and recreation. Great opportunity to make this your space or hold on to let the future level you up! (id:48205)

6 Bedroom 3 Bathroom 4227 sqft
For sale
$1,629,000
13768 114A AVENUE, surrey, British Columbia

13768 114a Avenue

Surrey, British Columbia

Court ordered sale. A rare opportunity to own a quarter acre parcel with views. The property features five beds, three baths and has been improved over the years. The lot also owe offers a back lane access and future subdivision possibility. Don't miss out on this unique opportunity to own a parcel in one of the most developing neighbourhoods of Surrey and located just mirror blocks to rapid development around city centre. (id:48205)

6 Bedroom 3 Bathroom 2495 sqft
For sale
$1,628,000
15482 108A AVENUE, surrey, British Columbia

15482 108a Avenue

Surrey, British Columbia

This Exquisite 5 Bed, 4 Bath is nestled in the desirable Fraser Heights, Contemporary Beauty with many attractive bells and whistles. Set privately among an attractive array on a Southern Exposed Beautiful private backyard with a Large deck. BRAND NEW ROOF 2022, BRAND NEW HEAT PUMP 2023. The Main level boasts hardwood flooring, a Spacious kitchen, a large Bedroom with Ensuite Bathroom, two Fireplaces, and an appealing layout. Only few minutes walk to Dogwood Elementary, 10 minutes walk to Fraser Heights Secondary and Fraser Heights Recreation Centre! With Pacific Academy only a few minutes away! Moments away from parks, shopping, restaurants. This is something you won't want to miss out on! OPEN HOUSE: JUNE 9, SUN 2-4PM (id:48205)

5 Bedroom 4 Bathroom 2303 sqft
For sale
$1,625,000
19170 73 AVENUE, surrey, British Columbia

19170 73 Avenue

Surrey, British Columbia

Welcome to Clayton Heights! This beautifully updated home offers a modern and elegant atmosphere with 6 bedrooms, 5 bathrooms, and parking for 3 vehicles. Situated just steps away from the new community Salmon Berry Park, two new elementary schools, high schools, public transportation, and parking. The main living area of this house boasts new blinds, flooring, lighting, carpet, and a fresh coat of paint. Additionally, enjoy a Whirlpool and LG appliance package, quartz countertops, and a bonus feature-an included AC unit! The basement has its own private access, making it ideal for tenants. A standout feature is the lane-way home, a rare find with its own private parking pad, serving as an excellent mortgage helper. Don't miss out on this opportunity! Call or text for a private viewing. (id:48205)

6 Bedroom 5 Bathroom 3082 sqft
For sale
$1,616,000
15102 96 AVENUE, surrey, British Columbia

15102 96 Avenue

Surrey, British Columbia

Court Ordered Sale- Sold As Is Where Is. Central location, close to Guildford Mall, Tynehead Park, golf courses, schools, restaurants, shopping and transit. (id:48205)

1 Bedroom 2939 sqft
For sale
$1,600,000
9460 152 STREET, surrey, British Columbia

9460 152 Street

Surrey, British Columbia

Great Potential Development property as This huge over 8200 sqft property is situated close to the future Sky Train Station. Its central location provides easy access to amenities such as Save On Foods, Guildford Mall, Theatres, Walmart, Rec Centre, parks, schools, bus stops and much more. Welcome to your charming rancher nestled in the coveted Fleetwood neighborhood, . Boasting 3 bedrooms and 2 bathrooms, this single-level home offers convenient and comfortable living. Situated on an expansive 8200 sq ft lot, there's plenty of space for outdoor enjoyment and potential expansion. The interior features a bright and airy layout, with a cozy fireplace in the living room. The well-appointed kitchen overlooks the huge backyard, perfect for gatherings and relaxation. (id:48205)

3 Bedroom 2 Bathroom 1427 sqft
For sale
$1,600,000
13985 TALLON PLACE, surrey, British Columbia

13985 Tallon Place

Surrey, British Columbia

Prime future development opportunity! This 2-storey residence boasts 4 spacious bedrooms, 3 baths, formal living/dining areas, a sizeable family room, and a practical kitchen with abundant cabinet and counter space. Situated on a large 9,391 sq ft fully fenced lot, offering ample parking and accessibility. Positioned as a prime redevelopment opportunity within the Surrey City Centre Plan Area, conveniently located near Surrey Memorial Hospital and the forthcoming 140th Street Skytrain Station. Ideal for savvy investors seeking growth potential, families and developers! Survey available. (id:48205)

4 Bedroom 3 Bathroom 2168
For sale
$1,600,000
12424 OLD YALE ROAD, surrey, British Columbia

12424 Old Yale Road

Surrey, British Columbia

Great property to start your own little business or live in the house as it is a 2 bedroom and 1 bath with Laundry plus a garage. Over 7900 sf of yard space . This light Industrial zoning allows many uses. Call your realtor for viewing. (id:48205)

2 Bedroom 1 Bathroom 960
For sale
$1,599,999
10972 152 STREET, surrey, British Columbia

10972 152 Street

Surrey, British Columbia

[[[ 3 RENTAL SUITES BELOW - LOTS OF INCOME ]]] Big Lot 7,355 sq.ft & house is 2 Level 2,865 sq.ft. . Corner lot & Renovated House. (id:48205)

6 Bedroom 5 Bathroom 2865
For sale
$1,599,900
10622 157 STREET, surrey, British Columbia

10622 157 Street

Surrey, British Columbia

Fraser Heights 2 level and basement home with 6 bedrooms and 4 bathrooms. Crown molding throughout. Very well maintained home. New flooring, formal living room/dinging room combination. New kitchen, granite countertop with tiles backsplash. Large island, eating room and large pantry. Family room off the kitchen. Upstairs with 4 large bedrooms. Primary with walk-in closet and 4 piece ensuite. Basement with self contained 2 bedroom suite with own washer and dryer. Seperate entrance and private patio. Long term month to month tenants would like to stay. Nice 7400 sqft lot with RV parking and workshop. (id:48205)

6 Bedroom 4 Bathroom 2785 sqft
For sale
$1,599,900
14720 107 AVENUE, surrey, British Columbia

14720 107 Avenue

Surrey, British Columbia

This exceptional investment opportunity features a meticulously maintained home with two separate 2-bedroom suites, perfect as mortgage helpers. The main floor boasts 3 spacious bedrooms and an open, bright living area. The owner has taken excellent care of this house, including installing a new roof just 4 years ago. Additionally, there is potential for a daycare facility-ask for details. Conveniently located near secondary and elementary schools, and less than a 5-minute drive to Guildford Town Centre. Please note: Sunday Open house is canceled. (id:48205)

7 Bedroom 4 Bathroom 2564 sqft
For sale
$1,599,900
11454 141A STREET, surrey, British Columbia

11454 141a Street

Surrey, British Columbia

This stunning, fully renovated 6-bedroom, 2-bathroom residence nestled in the charming Bolivar Heights area is a must-see gem! Boasting 2,194 square feet of space on a 10,452 square foot lot, this home features a newly renovated kitchen complete with a smart fridge, brand-new appliances, and a beautifully designed living and dining area. The main floor showcases three bedrooms and an upgraded bathroom with a bidet, while the lower level offers three additional bedrooms, a spa-like bathroom, a spacious elegant & updated kitchen, and a large rec room. Outside, discover an entertainer's dream with a fully covered patio, hot tub, outdoor fire table, basketball court, and yes, a putting green! With over $200,000 invested in upgrades and renovations, this residence is truly one of a kind! (id:48205)

6 Bedroom 2 Bathroom 2194 sqft
For sale
$1,599,888
14885 92 AVENUE, surrey, British Columbia

14885 92 Avenue

Surrey, British Columbia

FRASER HWY CORRIDOR!!! Fleetood/Green Timbers. Lovingly cared for 1 owner home! Nearly 2200 sq ft 4 bdrm 2 baths on over 7200 sq ft lot in FAST DEVELOPING AREA. Part of Fleetwood Town Center plan. Bring your design ideas for for updates or buy now and hold for future development of Skytrain. Bsmt w/sep entry for pot. mortgage helper. Thermal windows done, walk to shopping, schools and transit. showings by apptmt (id:48205)

4 Bedroom 2 Bathroom 2170 sqft
For sale
$1,599,777
11378 RIVER ROAD, surrey, British Columbia

11378 River Road

Surrey, British Columbia

A charming two-story home with a basement boasting 6 bedrooms, 3 bathrooms, and a generous activity room. This delightful residence underwent renovations in 2020, including a new roof, hot water tank, windows, furnace, and kitchen. Inside, you'll find a spacious living room flowing into an open-concept dining area connected to a fantastic, sizable kitchen featuring bamboo floors and a fireplace. The property also includes a patio and terrace, with a large open leisure space in the basement. The house is fully fenced, surrounded by lush foliage providing shade, and the front yard blends seamlessly with stunning views of the Fraser River Docks. Conveniently located near buses, Scott Road station, schools, shops, and major traffic routes (id:48205)

9 Bedroom 5 Bathroom 2219 sqft
For sale Open House
$1,599,000
19501 71A AVENUE, surrey, British Columbia

19501 71a Avenue

Surrey, British Columbia

Amazing 6 Bd Rm + Den & 5 Bath + coach Home above garage. Wood Fls, 2 gas F/P, coffered ceilings, gourmet Kit with granite Countertops. Island & S/S appliances. Upstairs offers e generous sized rms w/closet organizers + Den A breezeway coonects the home to the garage. A truly fantastic feature. Best yard in neighborhood is updated with artificial turf, covered patio & gas H/U for year round BBQ. Corner lot has west facing yard for loads of sun, view unobstructed by other home ( an underrated feature). Walk to school parks and transit This home can accomadate a multi-general family or great investment. Contains 1/2 Br basement suite. Exterior freshly pained. 3 car parking, front porch oozes curb appeal, this home truly has it all. Open House June 23, 2024 2PM to 4 PM (id:48205)

7 Bedroom 5 Bathroom 3039 sqft
For sale
$1,599,000
8942 139A STREET, surrey, British Columbia

8942 139a Street

Surrey, British Columbia

Massive 9167sqft fully fenced private yard with a spacious covered deck in a prime location. Immaculately kept 4 Bedroom home with updated flooring, renovated kitchen, fresh paint, and updated washrooms. Lane access in the back with lots of parking up front. This home is perfect for first-time buyers, investors, or builders. It can serve as an income-generating property with potential for a separate suite with its own access. Shopping and transit close by. Move into your beautifully updated home today and plan your dream home for tomorrow! (id:48205)

4 Bedroom 2 Bathroom 1778 sqft
For sale
$1,599,000
16168 91A AVENUE, surrey, British Columbia

16168 91a Avenue

Surrey, British Columbia

Custom build rancher w/loft in a quiet double cul-de-sac. Huge primary bdrm w/sliders to your private yard, w/wi closet & huge wall long mirrored closet + a 6 piece ensuite, another large bdrm, 4 piece main bthrm. Laundry room w/sink and cabinets. Large oak kitchen w/ample countertops + cabinets, eating area w/sliders to byard. A sunken lvg rm w/gas fp & dng rm, then a family rm w/sliders to byard & another gas fp. Upstairs you have a loft/3rd bdrm overlooking your family and living room w/a large wi closet. Double garage w/brand new openers & 4 apron spots. Fully fenced backyard w/2 sheds! Beautiful home w/tons of windows and natural sunlight, plus a couple skylights! Call today. Flexible on dates. (id:48205)

2 Bedroom 2 Bathroom 2757 sqft
For sale
$1,599,000
19248 69TH AVENUE, surrey, British Columbia

19248 69th Avenue

Surrey, British Columbia

CLAYTON BEAUTY! This gorgeous home features bright & Open Concept Living including a Modern, gourmet Kitchen complete w/ White cabinets, SS Appliances, Gas stove, granite countertops, breakfast island + Bonus- Lrge Pantry! Enjoy your sep. eating area & dining room w/ direct access to your SOUTH facing, beautiful Backyard! The elegant Family room is finished w/ gas f/p + the main is complete w/ spacious Office & Full size Lndry room! 4 lrge Bdrms up incl. Loft/reading area too! Your Primary suite feat. spacious walk-in closet + Modern & luxurious SPA- LIKE Ensuite w/ deep soaker tub, sep. shower + his & her sinks! Basement is FULLY FINISHED w/2 Bdrm unauth. suite w/ SEP Entry! BONUS: Sunny & Fenced backyard perfect for relaxing & entertaining! A MUST SEE HOME! (id:48205)

6 Bedroom 4 Bathroom 3487 sqft
For sale
$1,599,000
18853 70 AVENUE, surrey, British Columbia

18853 70 Avenue

Surrey, British Columbia

Immerse yourself in contemporary elegance as this residence showcases renovations executed with the latest in modern equipment. Nestled on the perfect STREET with Ample parking on both sides. House is equipped with A/C, professional turf to the backyard, Hot tub w/ 2 glass awnings/gazebos. The upper level features 4 generously sized bedrooms, ensuring comfort and privacy for every member of the household and the basement consists of 2 bedroom suite - a perfect mortgage helper. Adding a touch of modern technology, exterior is adorned with wifi-enabled trim lights, allowing for customizable lighting. Walking distance to School, Shopping & Recreational center. This beautiful 3-level home stands as a turn-key haven for families seeking comfort and style. (id:48205)

6 Bedroom 4 Bathroom 2961 sqft
For sale Open House
$1,598,888
19110 67A AVENUE, surrey, British Columbia

19110 67a Avenue

Surrey, British Columbia

Exceptional!!! 6 bed + 4.5 bath luxury and modern home + coach house in desirable Clayton location. Beautiful street appeal, over 2600 SF of contemporary living. Generous living spaces with a terrific layout and thoughtful design details including quality hardi flooring, elegant kitchen with top-of-the-line appliances. The 1-bedroom coach house and 2-bedroom basement suite offer great sources of rental income. Includes a convenient double garage and one parking stall. Close to the future Surrey Langley Skytrain Route, schools, parks, groceries, and urban conveniences. (id:48205)

6 Bedroom 5 Bathroom 2674 sqft
For sale
$1,598,800
14848 BLACKBIRD CRESCENT, surrey, British Columbia

14848 Blackbird Crescent

Surrey, British Columbia

Welcome to 5 bedroom / 3 bath split level home sitting on 8000 sqft lot in Bolivar Heights!!! The home has a generously sized living room, eating area and LARGE semi open concept kitchen. Covered patio off the Living room leads to the HUGE fenced backyard. Close to Both Levels of schools, parks, minutes to Guildford Mall and all other amenities. GREAT INVESTMENT & RENTAL POTENTIAL! Don't miss out!!! (id:48205)

5 Bedroom 3 Bathroom 1750 sqft
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The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

About The City of

North Surrey

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

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

Neighborhoods in

North Surrey

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

map of clodverdale neighborhoods

Amenities in

North Surrey

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

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

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

North Surrey Elementary Schools:

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

North Surrey Secondary Schools:

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

Private Schools in Cloverdale:

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

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

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

  • Uber
  • Translink Buses
  • Taxi Service
  • Skytrain

Economic Stats for

North Surrey

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

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

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

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

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

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

 

Residential Property Tax Rate for Surrey from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.189%     0.123%       0.346%
2019     0.176%     0.114%       0.319%
2018     0.181%     0.116%       0.326%

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

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

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

 

Rental Potential in

North Surrey

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

Before you take the first step in acquiring a real estate investment it is best that you understand the most common costs associated with acquiring and maintaining a rental property.

  • Property Transfer Tax – This is a provincial tax on the transfer of ownership between the seller and buyer. In general, it is 1% – 3% of the fair market value.
  • Lawyer Fees – These fees vary depending on the firm’s rates and whether you will be financing or paying cash for the property. That being said, in general, the cost is approximately $1,000 – $2,000.
  • Property Taxes – All real estate in BC is impacted by property taxes in one way of another. In North Surrey, you can expect to pay around 0.334% of the BC assessment value each year.
  • Strata Fees – If you’re purchasing a property that has a strata corporation, then you can expect to pay a monthly fee to the strata. Most, if not all, apartments, townhomes, and condos have a monthly strata fee. This can range from $200 – $500+ per month.
  • Repairs & Maintenance – Most savvy investors budget 1 – 2 % of the fair market value of the property for repairs and maintenance.
  • Property Management – Who will manage the screening of tenants? What about collect the rents and abide by the BC Tenants Act? Property management companies can manage all of the day-to-day operations for anywhere from a 6 – 10% commission.

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

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

As we all know, each neighbourhood and property type will be able to demand rental rates at different rates. So it’s best to speak with a local real estate agent who understands your property and the market demand.

Estimated Monthly Rents:

1 Bedroom – $1,350 – $1,600 per month

2 Bedroom – $1,700 – $2,150 per month

3 Bedroom – $2,200 – $3,400 per month