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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
$1,499,900
15045 92 AVENUE, surrey, British Columbia

15045 92 Avenue

Surrey, British Columbia

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

4 Bedroom 3 Bathroom 2149
For sale Open House
$1,499,000
15863 80 AVENUE, surrey, British Columbia

15863 80 Avenue

Surrey, British Columbia

Stunning property boasting an unbeatable location. Sitting on a massive 7,900 sqft South Facing Lot, this home offers unparalleled investment potential with three separate suites each with their own entrance. Recent upgrades adorn this residence - 3 kitchens and 5 bedrooms. South Facing eating area in by window overlooking the park. Long life fiberglass roof installed on 2005. Furnace was replaced in 2010. Conveniently located just a short stroll from Walnut Road Elementary and the esteemed Fleetwood Park Secondary. With meticulous landscaping and a superior location, this charming south-facing abode promises a cozy retreat you won't miss it! Primary Fleetwood Location with future development potential accroding to NCP. Open house Sun, May 11 $ 12, 2-4pm. (id:48205)

5 Bedroom 4 Bathroom 2502
For sale Open House
$1,499,000
12881 CARLUKE CRESCENT, surrey, British Columbia

12881 Carluke Crescent

Surrey, British Columbia

Well maintained split level 4 br family home in popular Queen Mary neighborhood! Lots of new and newer homes in this great location! Lots of real 3/4" hardwood flooring, vinyl windows with wood casing, hot water heating & gas fireplace. Large family room opens out to sunny southern backyard! Big level lot, great starter home for young family now or future development site! Good sized crawl space for storage! Same owners since '86! OPEN HOUSE MAY 12 SUN 2-4. (id:48205)

4 Bedroom 3 Bathroom 2227
For sale
$1,499,000
9337 135 STREET, surrey, British Columbia

9337 135 Street

Surrey, British Columbia

Prime Location of 2 story basement entry, beautiful House in the heart of Cedar Hills Area. House is sitting on Large big lot 8070 sqft with back lane access. Great view of School grounds at the front and Park, Cul-de-sac towards north side of Property, makes it very quiet and private. Main floor features Kitchen, Living room, family room, 4 bedrooms, storage and sundeck. Downstairs in the basement comprises 4 bedroom, living, kitchen and more storage. Updates include Double glazed windows all over, upstairs kitchen and bathroom. Both level of schools are at walking distance. Close to Surrey memorial hospital. Skytrain and Shopping. Offers as they come. (id:48205)

8 Bedroom 5 Bathroom 2841
For sale Open House
$1,499,000
10515 WOODGLEN PLACE, surrey, British Columbia

10515 Woodglen Place

Surrey, British Columbia

LOCATION LOCATION! HIGHLY DESIRABLE FRASER GLEN HOME ON QUIET CUL-DE-SAC! This 3 bedroom + den, and 3 bathroom home on a private 5802 sqft lot is perfect for those who appreciate a spacious oak kitchen with separate eating area, great size family room with access to south facing backyard, and 2 wood burning fireplaces. Fully fenced yard with lots of room to play. Double car garage with long driveway for your RV or extra vehicles. Steps to Fraser Wood Elementary school, Fraser Heights Secondary school, transit, shopping plaza, recreation center, tennis courts etc. Updates include newer deck, windows, washrooms, kitchen backsplash & countertops, dishwasher/fridge/stove, roof, and HWT/furnace. Don't miss it and book your private showing today. (OPEN HOUSE SAT/SUN, MAY 11/12, 2-4PM) (id:48205)

3 Bedroom 3 Bathroom 1911
For sale Open House
$1,499,000
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. 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: MAY 11/12 (SAT & SUN) 2-4PM (id:48205)

5 Bedroom 4 Bathroom 2303
For sale
$1,499,000
7379 194A STREET, surrey, British Columbia

7379 194a Street

Surrey, British Columbia

Centrally located in Clayton Heights on the border of Surrey and Langley, this is an excellent opportunity for your primary residence and/or to generate solid rental income. The home includes a two bedroom suite in the basement w/ separate entry plus a one bedroom legal suite in the coach home; each with their own laundry. This corner lot with rear and side laneway access has an abundance of parking available. The main house features open concept living w/ a den on the main level and 3 bedrooms upstairs. There is a rec room for the family in the basement in addition to the two bedroom suite. Low maintenance yard. Close to all levels of schools, parks and every amenity you need. (id:48205)

6 Bedroom 5 Bathroom 2934
For sale
$1,499,000
11730 96A AVENUE, surrey, British Columbia

11730 96a Avenue

Surrey, British Columbia

GREAT FAMILY HOME ON LARGE VIEW LOT!! This clean and spacious 2 level home on a massive 10516 sq. ft. lot offers 3 bedrooms upstairs, bright living & dining rooms and eat in kitchen. Basement features a 2 bedrooms fully finished suite with updated kitchen. Private fenced back yard, situated in a quiet family orientated neighbourhood. Bring in your ideas and add a little TLC and finish off this home to live in for many years to come/or keep as an investment to build your new home here. Potential to build 3 storey house, verify with city of Surrey. This home sits close to elementary school, high school, bus stop, and a quiet neighbourhood. Close to all amenities. Call today for more information. MUST SEE!!!! (id:48205)

5 Bedroom 2 Bathroom 2784
For sale Open House
$1,499,000
9546 126 STREET, surrey, British Columbia

9546 126 Street

Surrey, British Columbia

Location! Location! This well kept over 3000 sqft SF home sitting on a 7,478 sqft lot. This well built home is just blocks from elementary and secondary schools with walking distance to transit and parks. This immaculate 7 BDRM 4 Bath home has been mostly updated, high efficient furnace, New hot water tank and much more. MAIN floor has Living Room , Family Room, Kitchen, 3 Good sized beedroom with 2 full bath. DOWNSTAIRS There are 2 basement suites as a mortgage helpers (3 bedroom basement and 1 bedroom basement ). You can live in or rent it as a good investment property. Build Your dream Home or wait to Change in By-laws for multi unit per lot. (id:48205)

7 Bedroom 4 Bathroom 3113
For sale Open House
$1,499,000
14827 88A AVENUE, surrey, British Columbia

14827 88a Avenue

Surrey, British Columbia

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

10 Bedroom 5 Bathroom 2461
For sale Open House
$1,499,000
16349 86B AVENUE, surrey, British Columbia

16349 86b Avenue

Surrey, British Columbia

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

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

12192 95a Avenue

Surrey, British Columbia

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

4 Bedroom 2 Bathroom 1819
For sale
$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
$1,492,000
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 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
$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 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
$1,480,000
14834 88A AVENUE, surrey, British Columbia

14834 88a Avenue

Surrey, British Columbia

Welcome to this quiet and peaceful neighborhood in the heart of Surrey. The first time homebuyers or investors will appreciate what this home has to offer. 4 generous bedrooms , flat lot with no trees and private yard, front garden , potential RV parking , updated bathrooms, windows done 2011, deck 2022, roof 2018, furnace 2011. The Maple Green park is steps away, so is Jubilee Montessori house and Green Timbers Elementary School. The Enver Creek Secondary is 5 minutes drive away. The close proximity to the new Skytrain station might add value in the future. (id:48205)

4 Bedroom 3 Bathroom 1917
For sale Open House
$1,480,000
14725 89A AVENUE, surrey, British Columbia

14725 89a Avenue

Surrey, British Columbia

Welcome to this charming 2-story home, brimming with character and nestled in a quiet cul-de-sac! The vaulted ceiling and skylight illuminate the open-concept floor plan, creating an airy ambiance throughout. The potential suite or additional bedroom is easy to convert. Relax by the wood-burning fireplace or entertain guests at the west bar. Step outside to the stylish landscaped backyard with a covered patio, perfect for garden lovers or playful kids. This home offers easy access to outdoor recreation and shopping centres. Plus, with a future Skytrain station on 152nd St, commuting will be a breeze. Don't miss the opportunity to make this delightful home yours! Open house May 11/12 2-4pm. (id:48205)

4 Bedroom 3 Bathroom 1946
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
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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