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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
$534,888
1508 13387 OLD YALE ROAD, surrey, British Columbia

1508 13387 Old Yale Road

Surrey, British Columbia

Invest in future Surrey Downtown. Spacious 1 Bed 1 bath Condo on 15th floor in the desirable & sold out Holland Two Building. This unit comes with 1 Parking and 1 storage Locker and a HUGE 140 sqft Patio facing Garden area. Steps away from Holland Park and short walk to both King George & Surrey central Skytrain Stations, KPU/SFU Surrey campuses and Future UBC campus, you can't go wrong with this location. Excellent amenities spread over 19,000 sqft. including rooftop patio, dog wash area, games room, private lounge, guest suite karaoke room, gym & yoga room, play area for kids & much more. Plus $2,500 Buyer Incentive rebate upon completion. (id:48205)

1 Bedroom 1 Bathroom 520
For sale
$533,901
1408 13359 OLD YALE ROAD, surrey, British Columbia

1408 13359 Old Yale Road

Surrey, British Columbia

Welcome to The Holland by Townline, where contemporary living meets convenience in Surrey City Centre. This stylish 1 BED, 1 BATH residence features a grand entry way leading to a modern kitchen equipped with a premium Samsung appliance package, elegant tiled backsplash, under-cabinet lighting, and contrasting cabinetry for ample storage. The spacious bedroom comfortably fits a queen-sized bed and two end tables. Indulge in the spa-inspired bathroom, enjoy the comfort of A/C, and relish the high ceilings and generous patio space that enhance this home's livability. With 13,000 sq.ft. of amenities, proximity to two skytrain stations, and easy access to City Centre's retailers, this home promises a seamless and effortless lifestyle. (id:48205)

1 Bedroom 1 Bathroom 466 sqft
For sale
$529,900
901 13325 102A AVENUE, surrey, British Columbia

901 13325 102a Avenue

Surrey, British Columbia

. (id:48205)

1 Bedroom 1 Bathroom 721 sqft
For sale
$529,900
1311 10448 UNIVERSITY DRIVE, surrey, British Columbia

1311 10448 University Drive

Surrey, British Columbia

Opposite to Surrey City Hall. This BRAND NEW, never lived in STUDIO suite is perfect for 1st time buyers & investors! Tons of natural light being on 13th flr. WEST facing w a huge balcony. Highly functional floorplan. Easy to segment a bedding area to keep the unit organized. Top-of-the-line appliance package, 1 large LOCKER. BOSA lavished as usual, 23,000 SF amenities including outdoor pool, fitness centre, Peloton spin center & bike storage area, lounges, children's indoor play center & more! Minutes from Surrey Central Skytrain, SFU Surrey & Kwantlen Polytechnic UNI, parks, restaurants, shopping & more. Too good to miss! (id:48205)

1 Bedroom 1 Bathroom 475
For sale
$529,800
124 14968 101A AVENUE, surrey, British Columbia

124 14968 101a Avenue

Surrey, British Columbia

"GUILDHOUSE" Discover urban living at its finest in this beautifully crafted Guildford condo by Mosaic Group. Featuring elegant herringbone flooring and a chic farmhouse design, this residence boasts an open-concept and functional layout perfect for modern living. The kitchen is equipped with stainless steel appliances, complementing the bright and well-kept interiors. Enjoy the expansive patio space that feels like your own private backyard-ideal for relaxation and entertaining. Complete with 1 parking spot and 1 locker, this condo is conveniently located near all of Guildford's premier shopping, parks, amenities, and top-rated schools. Make this your new home and experience the best of Guildford living! (id:48205)

1 Bedroom 1 Bathroom 575 sqft
For sale
$529,000
101 14885 100 AVENUE, surrey, British Columbia

101 14885 100 Avenue

Surrey, British Columbia

Sizes and age are approximate. Buyer to verify. Beautiful ground floor unit with a large brick patio. Wheelchair accessible, featuring 2 bedrooms, 1 bathroom, ceramic tiled entry, laminate flooring, and a corner gas fireplace. Large windows and great open layout. Located in a rain-screened complex, amenities include a community room, hot tub, sauna, and workshop. Just minutes walking to Guildford Mall, T&T, library, cinemas, recreation center, schools, restaurants, and transit. Enjoy a walk or jot through Green Timbers Nature Park. Small pets are allowed. Underground parking available. Affordable maintenance fees include gas and hot water. (id:48205)

2 Bedroom 1 Bathroom 804 sqft
For sale
$529,000
2702 13495 CENTRAL AVENUE, surrey, British Columbia

2702 13495 Central Avenue

Surrey, British Columbia

Welcome to very beautiful east facing unit (1BED/1BATH) situated on 27th floor of the most luxurious building in Surrey. Breathtaking city & mountain views greet you through dazzling floor-to-ceiling windows in this stunning, hotel-inspired residence. The views will eave you breathless as well as the world class millwork in the open concept kitchen modern European-style flush overlay cabinets, with an ISLAND, S/S appliances, quartz countertops. 3 Civic Plaza, features world-class amenities, including premium concierge services, grand lobby with cafe & restaurant, secured parking & bike storage. Walk distance to the skytrain, Central City Shopping, T&T, SFU & KPU. MUST SEE! (id:48205)

1 Bedroom 1 Bathroom 565
For sale
$528,000
523 9456 134 STREET, surrey, British Columbia

523 9456 134 Street

Surrey, British Columbia

LARGE 1 + Extra large den 719 sf home + 92 sf patio. Welcome to QUINN by Porte Homes. QUIET SIDE OF THE BUILDING. 1 Bedroom + Den & 1 bathroom offers open concept living, PERFECT LAYOUT W/ lots of windows. B15 floor plan. Comes with 1 parking, 1 bike locker, patio with views of the Queen Elizabeth Meadows Park. Located near Surrey City Center and steps to Queen Elizabeth Secondary, Surrey Memorial Hospital, Sky Train and Shopping district. Perfect for first time home buyers and investors. This development is located West of Queen Elizabeth high school. Reputable builder. Completion December 1, 2024 and February 28, 2025. NO ONE IS ABOVE THIS UNIT (it's the outdoor amenity space) (id:48205)

1 Bedroom 1 Bathroom 719
For sale
$526,000
1104 10626 CITY PARKWAY, surrey, British Columbia

1104 10626 City Parkway

Surrey, British Columbia

RARELY AVAILABLE LAYOUT! Junior two-bedroom unit in Parc Centrale by Dava Development. 20-storey concrete building with a roof-top terrace! A built-in sliding panel that convert your living room into a European style second bedroom. Competed with Bosch stainless appliances, laminate flooring throughout the unit, 9' ceiling, and a LARGE balcony and openly unobstructed view to downtown Surrey. Amenities include rooftop terrace, spacious fitness center and meeting room. Centrally located in Surrey, walking distance to the Skytrain station, restaurants, supermarkets, and SFU, KPU campuses. 1 parking stall. Best time to buy NOW because the area is developing, you will definitely benefit and watch your value grow! Pay 1 bedroom price for 2 bedroom rent! A must see! (id:48205)

1 Bedroom 1 Bathroom 584 sqft
For sale
$525,000
516 10661 137A STREET, surrey, British Columbia

516 10661 137a Street

Surrey, British Columbia

Assignment of Presale: GST INCLUDED on the original purchase price. This gorgeous 1 bed and a large Den(can be used as 2nd bedroom ) with 1 bath, 640 sqft apartment by Red Brick is in the most happening area of Surrey central. This unit comes with 66 Sqft of balcony and one parking stall. Walk to SFU/KPU, Surrey central mall, Skytrain stations, parks, and more. Open concept floor plan with high-end appliances and finishing. The building features a rooftop garden, guest house, and gym with one storage locker and bike room. (id:48205)

1 Bedroom 1 Bathroom 616 sqft
For sale
$525,000
1308 13359 OLD YALE ROAD, surrey, British Columbia

1308 13359 Old Yale Road

Surrey, British Columbia

Introducing The Holland by Townline, an urban sanctuary in the heart of Surrey Central. This exquisite 1-bed, 1-bath residence on the 13th floor offers unrivaled luxury and breathtaking city vistas. Revel in the seamless fusion of style and functionality with a sophisticated kitchen, serene bedroom retreat, and access to premier amenities including a state-of-the-art fitness center and elegant outdoor gathering spaces. With its coveted location near Skytrain stations, SFU, and UBC, The Holland epitomizes refined urban living. Don't miss your chance to experience the pinnacle of sophistication. (id:48205)

1 Bedroom 1 Bathroom 462 sqft
For sale
$525,000
312 13458 95 AVENUE, surrey, British Columbia

312 13458 95 Avenue

Surrey, British Columbia

Designed with distinctive style, this 1 bed 1 bath unit at Galilea comes with 1 Parking and 1 Storage Locker and a fitness centre within the building! Located just South of Surrey Central, Galilea is minutes away from the city's shopping, entertainment, universities, and parks. A quiet residential neighborhood with central city vibes is right outside your door at Galilea, giving you the best of both worlds in this dynamic community. Homes created with you in mind, kitchens at Galilea are designed with impressive quartz stone countertops, crisp backsplashes, polished chrome fixtures, and stainless steel appliances coming together to create a stylish foot ceilings, extra wide windows, as well as modern and textured laminate throughout. (id:48205)

1 Bedroom 1 Bathroom 547
For sale
$524,900
407 13383 108 AVENUE, surrey, British Columbia

407 13383 108 Avenue

Surrey, British Columbia

Welcome to Cornerstone! This 1-bedroom + den unit, with potential for a 2nd bedroom, offers sublime privacy nestled in the treetops. This concrete construction building provides incredible amenities, including an outdoor pool, hot tub, sauna, gym, recreation center, and more! Other features include TWO balconies, a gas fire place (included in the strata fee), updated SS appliances and surrounded by windows allowing for ample natural light. Conveniently located within walking distance to Gateway SkyTrain station and close to all levels of schools, shops, and restaurants. Call today to book your private viewing. OPEN HOUSE - SATURDAY, JUNE 8TH 2PM-4PM & SUNDAY, JUNE 9TH 2PM-4PM! (id:48205)

1 Bedroom 2 Bathroom 823 sqft
For sale
$524,900
2302 13655 FRASER HIGHWAY, surrey, British Columbia

2302 13655 Fraser Highway

Surrey, British Columbia

King George Hub is a distinquished community developed by PCI Developments! It is on King George Skytrain station. You can enjoy luxurious amenities such as a fitness center, rooftop deck with BBQ and social spaces, rooms for games, work, parties, media, and lounging, a playground for children, a theatre room, a dedicated caretaker, and more! The unit has new paint and flooring. The location is central with retail, groceries, services and eateries just downstairs, including Save-On-Foods, Central City Shopping Centre, T&T, SFU. The King George skytrain station and the future Surrey-Langley line are just steps away. Tenant is Month to Month. Showing only Sat Sun 12-5 by appointment. If any offer presentation May 28, Tues. 6:00 pm. (id:48205)

1 Bedroom 1 Bathroom 547 sqft
For sale
$523,599
1103 13750 100 AVENUE, surrey, British Columbia

1103 13750 100 Avenue

Surrey, British Columbia

Price adjustment on your new dream home at PARK AVENUE by Concord Pacific. This bright, south facing one bedroom PLUS DEN (large enough to be a 2nd BD) is the best floorplan in the building! Features quartz countertops, Bosch stainless steel appliances, gas stove, 4 piece BA with marble finishes, balcony with view, and includes 1 PA and 1 storage. This 5 star resort-like building includes Concord's 24/7 concierge, state of the art gym, yoga/Pilates room, hot tub, outdoor pool, steam room, tennis courts, club house and party room. PRIME, CENTRAL location is walking distance to King George Skytrain Station, SFU's new Surrey campus, parks & green spaces, restaurants, movie theatres, and Guildford Town Centre. Pets OK! 1 dog or 1 cat with restrictions. (id:48205)

1 Bedroom 1 Bathroom 534 sqft
For sale
$520,000
1108 9675 KING GEORGE BOULEVARD, surrey, British Columbia

1108 9675 King George Boulevard

Surrey, British Columbia

Now available across from Future UBC, in this iconic Belverdere building. Located right next to CRA office, block away from Surrey Memorial hospital, save-on-foods and skytrain. This unit is a North facing unit that has a den with this one bedroom one bathroom floorplan. The one bedroom east facing with a big balcony. The space on this floor plan is used very well. Make this unit yours and pick up this assignment of sale just 5% down now and rest at completion. So what are you waiting for? (id:48205)

1 Bedroom 1 Bathroom 468 sqft
For sale
$519,900
332 13968 LAUREL DRIVE, surrey, British Columbia

332 13968 Laurel Drive

Surrey, British Columbia

Come live at Oak & Onyx! This 1 bedroom plus solarium faces Northeast & features 1 parking 1 locker. Amenities include: playground, fitness centre, party room, outdoor courtyard with bbq & more. Conveniently located a short 10 minute bus ride to King George Skytrain, this building is also steps from the future 140 Street Skytrain extended to Langley! Don't miss out! (id:48205)

1 Bedroom 1 Bathroom 683 sqft
For sale
$519,900
419 9456 134 STREET, surrey, British Columbia

419 9456 134 Street

Surrey, British Columbia

The Quinn Complex by the reputable Porte Homes provides a well-connected living experience in a prime location. Just steps from schools, the SkyTrain, Surrey Memorial Hospital, and Surrey Central Mall, residents enjoy the perks of urban convenience. The interior design focuses on spaciousness and natural light. The living and kitchen areas feature quartz countertops and an island to allow more seating. Generous storage, ample closet space, and large windows add to the unit's functionality and appeal. With a total area of 651 sqft, the unit offers a modern layout with 1 bed, 1 bath, and an oversized patio. This unit comes with 1 parking spot and 1 bike locker. (id:48205)

1 Bedroom 1 Bathroom 651 sqft
For sale
$519,900
626 13968 LAUREL DRIVE, surrey, British Columbia

626 13968 Laurel Drive

Surrey, British Columbia

LOCATION, LOCATION, LOCATION. BRAND NEW OAK & ONYX is situated only a few steps away from future 140 St Skytrain Station and a 10 min walk to SMH and Green Timbers Park walking trails! This unit is a TOP FLOOR unit boasting beautiful VIEWS of lush greenery, the City, and North Shore Mountains, while facing Tranquil Laurel Drive. Luxurious kitchen featuring Quartz countertops, Stainless Steel Samsung appliances and built in Panasonic Microwave in the FULL Island. Rentals and Pets Allowed! (id:48205)

1 Bedroom 1 Bathroom 536 sqft
For sale
$519,000
301 9632 120A STREET, surrey, British Columbia

301 9632 120a Street

Surrey, British Columbia

Welcome to this Spacious and completely Renovated Upper Floor unit! Nestled in the popular neighborhood of Cedar Hills in North Surrey in the popular complex CHANDLERS HILL. This updated unit offers a open concept living area with 2 very spacious bedroom, 1 bathroom, a laundry room and a stunning kitchen with NEW appliances! and a Private Balcony with MTN views! Centrally located as its close to restaurants, shopping centers, bars, transit, skytrain and less then a 10 minute drive to Surrey Memorial Hospital and much more! Book your viewing before its gone! Pets allowed with restrictions. Rentals allowed but no less then 60 days. (id:48205)

2 Bedroom 1 Bathroom 961 sqft
For sale
$519,000
210 15268 100 AVENUE, surrey, British Columbia

210 15268 100 Avenue

Surrey, British Columbia

ATTENTION First time home buyer or investor. Cheaper than paying rent. Check out this spacious and renovated 2 bed + den on the 3rd floor facing the back quiet side. New kitchen cabinets, appliances, bathroom, flooring, lights and paint. Contemporary living. Beyond a functional entryway space, the home flows into a luminous, open-concept living, dining and kitchen area. Located in the heart of Guildford, just across from T&T Supermarket, walking distance to Elementary and Secondary, Guildford mall, shops, banks, restaurant and much more. Call for your private appointment today. Rentals are welcome. (id:48205)

2 Bedroom 1 Bathroom 945 sqft
For sale
$519,000
214 19320 65 AVENUE, surrey, British Columbia

214 19320 65 Avenue

Surrey, British Columbia

Welcome to Esprit in Clayton! This 770 SQFT 1 Bedroom + 1 Den condo is situated near Willowbrook Mall and convenient bus transit. This home features a spacious den, perfect for a home office or private dining area. Embrace the inviting ambiance of the open floor plan complemented by a cozy fireplace in the living room. The master bedroom offers a walk-in closet for ample storage. Noteworthy, we include 2 designated parking spaces for your ease. With a beautiful park just steps away, seize the opportunity to make this outstanding residence yours - act fast, it won't be available for long. (id:48205)

1 Bedroom 1 Bathroom 770 sqft
For sale
$518,800
2501 13685 102 AVENUE, surrey, British Columbia

2501 13685 102 Avenue

Surrey, British Columbia

Georgetown One by Anthem - the 30 storey inaugural tower of Anthem's master planned community in the core of Surrey City Centre. Walking distance to amenities in Surrey City Centre including shops, restaurants, Surrey Central SkyTrain Station, SFU and KPU campuses, the future UBC campus and numerous parks. 30,000 sq ft of amenities including an entertaining lounge, co-work space, outdoor theatre, dog run, fitness centre and guest suite. Walk into your North facing 1 bedroom home featuring a L-shaped kitchen with 24" BOSCH and BLOMBERG appliance package. Enjoy your city and mountain views. Must See!!! (id:48205)

1 Bedroom 1 Bathroom 453 sqft
For sale
$518,000
214 13910 101 AVENUE, surrey, British Columbia

214 13910 101 Avenue

Surrey, British Columbia

Welcome to the peaceful Breezeway complex! Step into this bright and spacious 1300 sq ft retreat, featuring 2 bedrooms and 2 bathrooms, easily accessible by elevator. Relax by the cozy gas fireplace or on the sunny south-facing sundeck and enjoy the convenience of included parking and storage. Perfectly situated near the SkyTrain, Surrey City Hall, Central Mall, and Surrey Memorial Hospital. Explore the nearby natural beauty of Green Timbers and Holland Park. This adult-oriented ( 55+ ) building features a serene environment, offering a refined lifestyle in this prime location. OPEN HOUSE: SAT June 29: 2:00pm-4:00pm (id:48205)

2 Bedroom 2 Bathroom 1319 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