Notice: Uninitialized string offset: 19 in /home/natashataylor/public_html/wp-content/plugins/fusion-builder/shortcodes/fusion-table.php on line 119

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.

810 results | Page 17 of 34
12 24 48
Search/Filter Properties


LOADING

For sale
$1,399,000
16329 94 AVENUE, surrey, British Columbia

16329 94 Avenue

Surrey, British Columbia

Fleetwood 4 bed 3 bath home sitting on an over 70 wide + 7000 sqft Lot! Main features a grand entry w/Formal liv/ding room, large kitchen, eating area w/bay window, DEN, family room and a spacious laundry room. Upstairs has 4 bedrooms, one being a master w/ walk-in closet and ensuite! Perfect place to make yours today! ***AVAILABLE*** (id:48205)

4 Bedroom 3 Bathroom 2428
For sale
$1,399,000
15420 96 AVENUE, surrey, British Columbia

15420 96 Avenue

Surrey, British Columbia

Fabulously located 4BR 3.5BTH residence. This home offers plenty of space to move about without losing its cozy atmosphere. Vinyl plank flooring flows from the open living room with a large picture window & rustic, stone-covered fireplace into your elegant, formal dining area. Your bright, eat-in kitchen features a newer fridge & stove along with access to a generous, private backyard - perfect for outdoor entertaining, playing fetch with the dog & weekend gardening. Upstairs is reserved for spacious bedrooms with new carpeting while separate-entry 1BR 1BTH on the main can be rented separately as a mortgage helper. Also updated: central A/C, hot water on demand, gutters & paint. Steps to both levels of schools, bus stops, Guildford Town Centre, Walmart & minutes to Highway 1. (id:48205)

4 Bedroom 4 Bathroom 2088
For sale
$1,399,000
15357 96TH AVENUE, surrey, British Columbia

15357 96th Avenue

Surrey, British Columbia

Lovely three bed, two bath starter home in the established neighbourhood of Guildford. Light and air fill this home through loads of windows and patio sliding doors off the dining room and primary bedroom. Located on an oversized corner lot, there is room for everything here! Spacious, fully fenced front and back yards with mature plants including blueberries, apples, plums and grapevines. Extensively renovated approx ten years ago with vinyl windows, hard surface flooring, and spacious kitchen with granite countertops, tile floor, potlights, and stainless steel appliances. Roof is 12 years old. Includes laundry room with sink, and attached two car garage with additional parking. Transit and walk friendly location close to great schools, parks, and Guildford Mall. Open Sat/Sun May 4/5 2-4. (id:48205)

3 Bedroom 2 Bathroom 1925
For sale
$1,399,000
10042 159A STREET, surrey, British Columbia

10042 159a Street

Surrey, British Columbia

Renovated in 2023 very well kept 4 bedroom, 3 bathroom home in Guildford.7219 SQFT LOT has alley access. Home features a high efficiency furnace, a cozy gas fireplace, spacious bedrooms. Back lane access to large and private fenced backyard and Patio. House has one bedroom suite. Easily walk to schools, bus stops & Tynehead Regional Park, as well as Guildford Town Centre, restaurants, and grocery stores. Quick access to Hwy 1 in a few short blocks. Basement area is for 1 bedroom side suite. All measurements are approximate only. lot size, house size, bedroom sizes, age of the house are approximate only. Buyer or buyer's agent to verify if deemed important before writing an offer. (id:48205)

4 Bedroom 3 Bathroom 2002
For sale
$1,398,000
16620 80 AVENUE, surrey, British Columbia

16620 80 Avenue

Surrey, British Columbia

Come see this well priced 5 bedroom "BASEMENT ENTRY HOME" (3 up & 2 down) with 2 kitchens and 3 bathrooms, in Fleetwood area. A 2782 sq.ft. house on a 7066 sq.ft. lot. House & yard ineed some TLC. Some furniture can be included. We expect this house could sell quickly. Tennant is a family member who is house sitting. Property contains accomodations which are not authorized. See virtual tour for floor plan. (id:48205)

5 Bedroom 3 Bathroom 2782 sqft
For sale
$1,389,000
10327 127 STREET, surrey, British Columbia

10327 127 Street

Surrey, British Columbia

Incredible Located in the fast growing Central Surrey Area, 5 mins to SFU, KPU, Central City Mall, Restaurants, Bank and Schools, this rare to find 8606sf big lot house has 3bedrooms + 1 bathroom on main floor and newly renovated 2 bedrooms +1 bathroom in the basement with separate entrance. When morning sunshine wakes you up, you can start a pleasant day by enjoying a lovely coffee on your big covered sundeck. Huge backyard offers all kinds of possibilities for your family gatherings, kids playing, gardening etc. Or you can build your dream house with BC's new bylaw density plan. Great school catchment: Prince Charles Elementary & L.A. Matheson Secondary and a mortgage helper! Open House: Sun. May 12th, 2:00--4:00pm. (id:48205)

5 Bedroom 2 Bathroom 2202
For sale
$1,388,800
16481 84A AVENUE, surrey, British Columbia

16481 84a Avenue

Surrey, British Columbia

Lovely family rancher in Fleetwood, 1824 sq feet on large 8233 square foot corner lot! Great floorplan with formal dining room, large sunken living room, and bright kitchen, eating area and sunken family room with cozy gas fireplace. 3 bedrooms, 2 full baths. Large Primary bedroom with walk in closet and spacious ensuite bath. Low maintenance yard with mature landscaping. (id:48205)

3 Bedroom 2 Bathroom 1824 sqft
For sale
$1,379,000
16273 78A AVENUE, surrey, British Columbia

16273 78a Avenue

Surrey, British Columbia

Prestigious Hazelwood Grove Rancher over 1655 sq. feet. This updated home is situated on a 7492 sq ft large quiet corner lot in a cul de sac. Tasteful reno done through out, new flooring new kitchen with Quarts countertop Pot Lights, furnace, Windows, roof and New Bathrooms. Enjoy the large master bedroom with huge walk-in closet and 4 pce ensuite. Perfect Rancher with RF zoning for future development, Dont miss out! (id:48205)

2 Bedroom 2 Bathroom 1655 sqft
For sale Open House
$1,375,000
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. OPEN HOUSE SAT JUN 1ST AND SUN JUN 2ND FROM 2 TO 4 PM (id:48205)

4 Bedroom 3 Bathroom 1917 sqft
For sale
$1,369,999
11277 134 STREET, surrey, British Columbia

11277 134 Street

Surrey, British Columbia

For more information, click the Brochure button below. Quiet Family neighborhood in desirable Bolivar Height. Rare big 9018SF flat lot with great mountain and river views. 12 mins Walk to Gateway Station, 1 min to bus heading 3 Skytrain stations. Easy access to schools, community centre, City hall, Library, SFU, Surrey Central mall, T&T etc. An investment property with unlimited potential. A prime rezoning opportunity, build your own custom home, or just rent for good cash flow. Great market rental income! (id:48205)

4 Bedroom 1 Bathroom 1400
For sale
$1,359,000
8944 156A STREET, surrey, British Columbia

8944 156a Street

Surrey, British Columbia

Great potential. Loe rectangular lot, located on a quiet street in Fleetwood. Lots of schools in the area. Woodland Park Elementary, Saint Saint Matthews, Holy Cross Surrey Christian all a short walk from this house. Also Walking distance to shopping on Fraser Highway. Located between two proposed Skytrain stations. Level 60 x 130 lot. House needs lots of work. Long time tenants. Three bedrooms up plus a one bedroom and storeroom down. Do not walk on property there are three dogs. (id:48205)

3 Bedroom 2 Bathroom 2139 sqft
For sale
$1,359,000
14742 106A AVENUE, surrey, British Columbia

14742 106a Avenue

Surrey, British Columbia

Significant opportunity investors and builders. "Main Floor Measurements from Cotala Cross-Media Inc and Basement from Listing Realtor". Perfectly placed home close to School, Bus stop and playground. House offers big spacious lot with quiet neighborhood and lush green streets. Lot has a perfect rectangular shape without any easements or right of way. Other amenities and recreation center are 8-10 minutes drive from the house. Main house is vacant easy to show, could easily rented for $3000 approx. Downstairs rented for ($2,200) and require 48 hrs notice for showing if interested. (id:48205)

6 Bedroom 3 Bathroom 1943 sqft
For sale
$1,355,000
19085 68 AVENUE, surrey, British Columbia

19085 68 Avenue

Surrey, British Columbia

Welcome to this impeccably finished 4-bedroom, 4-bathroom home with a large office that could be transformed into a home business in Clayton Heights. Proudly build by Townline builders, this open-concept design features 9-foot ceilings, crown Moulding, laminate and tile flooring, and stylish fixtures throughout. The kitchen is a focal point with an island, pantry, and stainless-steel appliances. Upstairs, there are 3 bedrooms and 2 full baths. The lower level has a separate front entrance leading to a one-bedroom suite with its own kitchen and laundry, easily converted to two bedrooms. Recent renovations include new flooring, porches, a hot water tank, and fencing, bathrooms, paint. Short walk to future SkyTrain station, shopping centers, schools, and parks, this property offers a complete package of comfort and style at an attractive price point. (id:48205)

4 Bedroom 4 Bathroom 2676 sqft
For sale
$1,350,000
14524 WELLINGTON DRIVE, surrey, British Columbia

14524 Wellington Drive

Surrey, British Columbia

Prime CORNER LOT, available for the first time in over 25 years! Nestled in a tranquil neighborhood, this spacious 8,631 SQFT lot is surrounded by mature trees and situated right next to Invergarry Park, offering a serene setting while being conveniently close to amenities and public transit. This is the perfect development lot for families looking to build their dream home in a community-oriented area. Bolivar Heights is known for its safe, spacious streets where children can play freely. Key local amenities include Guildford Mall, Library, and Rec Center, all just a short distance away. The area also boasts numerous parks, schools, and recreational facilities, making it ideal for families and individuals alike. With easy access to Highway 1, Bolivar Heights is a thriving development area experiencing significant growth and transformation. This lot presents an exceptional investment opportunity waiting for the right vision! Don't miss out on the chance to join this vibrant and evolving community. (id:48205)

6 Bedroom 3 Bathroom 2900 sqft
For sale
$1,350,000
12502 103 AVENUE, surrey, British Columbia

12502 103 Avenue

Surrey, British Columbia

Rare find! Incredible opportunity to own in beautiful Saint Helens Park. 8800 sf CORNER lot with breathtaking VIEWS! Perfectly preserved "time-capsule" 1962 split-level home with 3 bedrooms and 2 bathrooms. Exceptionally maintained exterior with new paint, beautiful landscaping and new roof. Ample parking featuring single car garage + car port. Come and appreciate the stunning views of the North Shore Mountains and New Westminster from the covered deck & all rooms on the main level.... This area is known for its family-friendly atmosphere, and central location. Minutes to Transit and Pattullo Bridge; school catchment of Prince Charles Elementary & L.A. Matheson Secondary. Excellent investment property. Book your viewing today! (id:48205)

3 Bedroom 2 Bathroom 2130 sqft
For sale
$1,350,000
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. POTENTIAL FOR A COACH HOME WITH FUTURE CHANGES TO CITY ZONING. 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 sqft
For sale
$1,350,000
12646 113 AVENUE, surrey, British Columbia

12646 113 Avenue

Surrey, British Columbia

NVESTORS and FIRST TIME HOME BUYERS ALERT! 2 Bedroom, 1 Bathroom Bungalow located in Central Bridgeview near all major cross roots in the area and only 5 minute walk to Scott Road station! Good floor plan layout with detached single car garage, fenced back yard and cozy front porch. Master bedroom, additional bedroom and 3 piece bathroom. Brand new windows and roof has also been updated about 5 years ago. Move in, rent out or add on to make your dream home. This home is a perfect investment or building property with great future development potential. Don't wait, call today and make this your new home! (id:48205)

2 Bedroom 2 Bathroom 1050 sqft
For sale
$1,350,000
13332 112A AVENUE, surrey, British Columbia

13332 112a Avenue

Surrey, British Columbia

Welcome to this original built home nestled in a serene neighborhood, offering Spacious living & breathtaking views of mountains & the city skyline. Very functional layout with generous size 4 bedroom, 3 bathroom perfectly complemented by its north-facing orientation, ensuring abundant natural light throughout the day. The master bedroom has an ensuite with its own private balcony. 3 additional bedrooms offer versatility for family members & guests, kitchen & breakfast nook area leading to covered deck w/views. 1 BEDROOM BASEMENT SUITE HAS ITS OWN ENTRANCE WITH PATIO. Easy access to King George Blvd., HWY 17, close to James Ardiel Elementary, Kwantlen Park Secondary, Port Mann & Patullo Bridge. Plenty of potential to build, hold, or invest. Property to be sold as is. (id:48205)

4 Bedroom 3 Bathroom 2384
For sale Open House
$1,349,900
6537 193 STREET, surrey, British Columbia

6537 193 Street

Surrey, British Columbia

Luxury Home w/ bsmnt suite in Clayton w/ walking distance to UPCOMING SKYTRAIN ROUTE! Welcome to this well kept home w/ 4bed/4bath. As you enter you are greeted with HARDWOOD flooring, DESIGNER Paint, pot lights, Living room w/ huge windows & Dining area. Chef's kitchen has S/S appliances, MODERN WHITE cabinets, QUARTZ countertop & OPEN concept w/ Family room featuring cozy GAS FIREPLACE. Private PATIO in the backyard is perfect for upcoming BBQ parties w/ gas firepit. 3 good size rooms upstairs w/ 2 FULL BATH including PRIMARY BEDROOM w/ a walking closet. Laundry w/ storage and sink is an added advantage. Bachelor basement SUITE w/ LAUNDRY (could be converted into 1 bedroom suite) is perfect as a great MTG HELPER. Fenced backyard is perfect to enjoy Sun & kids to play. Central location! (id:48205)

4 Bedroom 4 Bathroom 2345 sqft
For sale
$1,349,900
12780 ROSS PLACE, surrey, British Columbia

12780 Ross Place

Surrey, British Columbia

INVESTOR ALERT or FIRST TIME HOME BUYER! Build your dream home now or hold for later. Or get in to the market in a great family oriented neighbourhood. Easily suited in basement for max monthly income with two rental units. Highly sought after Queen Mary Park on a very desirable street. Central location close to schools and shopping. Come check out the beautiful homes already built or being built in the area. Almost 8800 sq ft lot waiting for your ideas. (id:48205)

3 Bedroom 2 Bathroom 2432 sqft
For sale
$1,349,900
6631 192A STREET, surrey, British Columbia

6631 192a Street

Surrey, British Columbia

Introducing a well-built 2-storey plus basement home by reputable MBM Developments in Cloverdale's family-friendly Clayton neighborhood. Enjoy bright and spacious freshly painted interiors with a traditional floorplan including a living room, dining area & family room with gas fireplace on the main floor. The kitchen boasts plenty of cabinets, granite countertops & SS appliances, opening to a large fully covered & private deck, perfect for gatherings year-round. Upstairs, discover 3 spacious bedrooms plus a den/office. The basement features 4th bedroom and ample unfinished space with a separate entry, ready for your ideas. With a double car detached garage in the back with lane access, this home offers both convenience and tranquility on a quiet street close to transit, shopping & schools. (id:48205)

4 Bedroom 3 Bathroom 2526
For sale
$1,349,777
10846 ORIOLE DRIVE, surrey, British Columbia

10846 Oriole Drive

Surrey, British Columbia

Excellent Investment property with great potential. A very well kept solid clean Rancher approx. 1200 sq.ft Sitting on this nice Flat 7200 sq. ft. (60x120) lot. Very Spacious layout, Large Livingroom 3 bedrooms. Huge 20'x28' Workshop /Garage (with 220 power). No trees, easements, or right of ways to fret over. Updates, including double-glazed windows. Nice covered patio and a beautiful back yard. Walk to all levels of school, transit and excellent highway access. Exciting holding great potential for future development as proposals loom just across the street and on 108th. This is a must see! (id:48205)

2 Bedroom 1 Bathroom 1144 sqft
For sale
$1,349,777
11070 WREN CRESCENT, surrey, British Columbia

11070 Wren Crescent

Surrey, British Columbia

Well maintained Nice clean 3 bed & Den, RANCHER. Perfect for someone who doesn't want to deal with stairs. Enjoy the cozy gas fireplace in the Large living room. Lots of light comes through the large windows. Updated windows, blinds, paint, roof, and furnace. Hardwood flooring throughout Detached 19x 23.5 sf garage plus 26'6x 16'7 carport. Lost of parking. Flat Rectangular lot with wide frontage of 66 sq. ft. in the most desirable up and coming area of popular Birdland. Large fenced backyard. Close to all the amenities. shopping, restaurants, good schools, Riverdale Elementary School, Guildford Park Secondary, transit and Hwy 1. Lots of New homes are being built on this peaceful street. Easy to Show! (id:48205)

3 Bedroom 1 Bathroom 1239
For sale Open House
$1,333,888
15110 PHEASANT DRIVE, surrey, British Columbia

15110 Pheasant Drive

Surrey, British Columbia

Lovingly cared for one family home since new! nearly 2200 sq ft 3 /4 bdrm 3 bath on 7200 sq ft (60x120) level fenced yard with rare double side by side garage. Sit. on one of the nicest streets in Birdland area. Spectacular spa like main bath with soaker tub. Master with ensuite. Glistening original hardwood floors thru out the main flr, large kitchen area over looks large covered deck and manicured backyard, vinyl siding, 2 wood fireplaces, workshop area attached to garage. hobby room easily converted to bdrm. bsmt with seperate entry. open house sat -sun 2-4 pm (id:48205)

3 Bedroom 3 Bathroom 2181 sqft
Your Favourites

 

No Favourites Found

 

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