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
$3,280,000
11582 MILLAR ROAD, surrey, British Columbia

11582 Millar Road

Surrey, British Columbia

Gorgeous, luxury Home in the most desirable Royal Heights location! Corner 9474 sqft lot with 7000 indoor sqft including the garage. This 3 level home had all High-end quality, over-height ceilings, stunning chefs kitchen with Jenny air appliance, Tile, Wallpaper, fireplaces, countertops, sink, coffee machine made from Europe. Upstairs 4 huge bedrooms with Individual Super large balcony, steam, sauna, Huge wok kitchen; Basement has Morgage helper x2. Beautiful mountain view and lots more value for this property. Open house: Sat & Sun, April 2&3 2pm-4pm. Open House by appointment. Offers by Monday, April 4 @4pm. (id:48205)

8 Bedroom 9 Bathroom 6695 sqft
For sale
$3,250,000
14489 105A AVENUE, surrey, British Columbia

14489 105a Avenue

Surrey, British Columbia

DEVELOPMENT OPPORTUNITY! Developer/Investor Alert! Here's a great opportunity to purchase a land assembly in the Guildford-104 Avenue Plan. Indicate low-rise zoning, 4 storeys (potentially 5 storeys) with 1.6FAR. Property can be sold in conjunction with 14457 105A & 14497 105A Ave (See MLS# R2664773). Showing only with accepted offer, selling 'AS IS'. (id:48205)

5 Bedroom 2 Bathroom 2002 sqft
For sale
$3,199,900
14429-14431 105A AVENUE, surrey, British Columbia

14429-14431 105a Avenue

Surrey, British Columbia

Fully renovated fourplex with total 12 bedroom and 8 full baths! Guilford NCP indicates apartment zoning. Each unit of the fourplex has Three large sized bedrooms and two full baths with ensuite in the Master bedroom. Entire house has been extensively renovated with new kitchen cabinets, white quartz counter tops, newer water proof laminate flooring, new washrooms, new windows and paint . New furnace system with Air conditioning and new roof. All the appliances are brand new including separate washer/dryer in each portion of the fourplex. Great investment property with excellent rental income potential. Super close to all the major attractions in Guilford including Guilford mall, Guilford rec center , superstore and walking distance to both levels of schools. (id:48205)

12 Bedroom 8 Bathroom 3900 sqft
For sale
$3,112,000
8884 156 STREET, surrey, British Columbia

8884 156 Street

Surrey, British Columbia

Developers & investors alert! Surrey Fleetwood prime townhouse development site for sale! 8894,8886, 8884, 8876, 8868, 156th Street. Combined lot size: 52,147 sqft. Potential to build a townhouse development under the Fleetwood plan. Close to future skytrain station. Also near Guildford mall, restaurants, transit, shopping plazas, Fleetwood community centre, Fraser Highway, parks, and schools. Central location close to everything! (id:48205)

3 Bedroom 3 Bathroom 2509 sqft
For sale Open House
$2,999,000
10568 127 STREET, surrey, British Columbia

10568 127 Street

Surrey, British Columbia

Custom built home with lots of real stone. Porcelain tile finishing with grand stairway! Over 5270 SQFT of livable space and 1000 sq of deck. Huge 11194 SQFT lot!! Radiant heat, security system, steam shower, and much more. Be the first one to buy this beauty! Showing by appointment March 19th and 20th sat/sun between 1pm to 5pm. (id:48205)

8 Bedroom 7 Bathroom 5270 sqft
For sale
$2,988,888
11352 WALLACE DRIVE, surrey, British Columbia

11352 Wallace Drive

Surrey, British Columbia

This is the Only BRAND-NEW 11-Bedroom North Guildford Home with STUNNING WATER & MOUNTAIN VIEWS from all levels & 5 Bedrooms plus 5 Bathrooms on the Top Floor! This 6100+ sqft Home Sits on a Fenced 8900 sqft Lot & Even Offers a Convenient WHEELCHAIR-ACCESSIBLE MASTER BEDROOM on the Ground Level (Perfect for Elderly Parents!) The FULL WALKOUT BASEMENT Contains a Legal 2-Bdrm Suite w/ Private Laundry, another Flexible Living Area w/ 2 Bdrms & Full Bath, plus a THEATRE ROOM w/ Wet Bar & Full Bath. Located on a QUIET, NO-THRU STREET across from a PARK --> No Neighbours Across the Street for Extra Privacy! Also BONUS Back Lane Access for Extra Parking. Click on the awesome VIDEO TOUR but these Amazing Views & the Home Have to be Appreciated in Person. The Last of its Kind!! (id:48205)

11 Bedroom 10 Bathroom 6110 sqft
For sale Open House
$2,988,888
9053 ALEXANDRIA CRESCENT, surrey, British Columbia

9053 Alexandria Crescent

Surrey, British Columbia

Welcome to this Custom built home located in Queen Mary Park, in a very quiet Cul-De-Sac. The Foyer of the home greets you with high ceilings and open concept living/dining room. The Kitchen and spice kitchen have stainless steel appliances with granite top island that over looks a spacious family room. Main floor that are bigger than standard size. Basement level there is a media room along with great mortgage helper two bedroom authorized suite and an one bed room unauthorized suite. This home is a quality built product which will also offer 2-5-10 year warranty on the Build. Open House Sat & Sun 1-3PM By Appointment Only. (id:48205)

8 Bedroom 7 Bathroom 5860 sqft
For sale
$2,988,888
9292 134 STREET, surrey, British Columbia

9292 134 Street

Surrey, British Columbia

Rarely available 3 levels, 5 bdrm and 4 bathrm quality home plus 2 bdrm and 1 bdrm basement suites located in very desirable area with a potential land development under OCP. Feats automation system, 2 fireplace, central air conditioning, steam sauna, B. I vacuum & security camera. Granite countertop kitchen and 2 huge patios/sundecks. Multiple parking area accessible thru back lane. (id:48205)

8 Bedroom 7 Bathroom 3986 sqft
For sale Open House
$2,986,666
8740 158 STREET, surrey, British Columbia

8740 158 Street

Surrey, British Columbia

This custom built 2 storey with basement home boasts over 5,100 SF of Luxury living situated on a prime 8,359 SF lot in the Heart of Fleetwood. Meticulously maintained by owner & has been renovated with no expenses spared. Quality finished from top to bottom, this home provides 7 bedroom/8 bath plus media & den. You are welcomed into this beauty with soaring ceilings, crown molding, bright & spacious living room w/beautiful stone wall, fireplace, dining room, stunning kitchen with designer backsplash lots of cupboards, nook, spice kitchen, adjacent to spacious great room overlooking private covered deck, master on the main, den and 2 powder room. Upper level features grand master suite w/spa like ensuite, custom walk in closet, 2 additional bedrooms all w/4 piece ensuites. Basement contains 2+ 1 suite and media room. This home truly has it all & perfect for the growing family. Great location close to shopping, restaurants, parks and both levels of school. (id:48205)

7 Bedroom 8 Bathroom 5150 sqft
For sale
$2,980,000
11315 161 STREET, surrey, British Columbia

11315 161 Street

Surrey, British Columbia

FRASER HEIGHTS! This popular neighborhood boasts some of finest & most expensive homes. Gorgeous & luxurious custom built mansion in cul-de-sac, air conditioned, grand foyer, elegant living & dining room, modern huge kitchen and wok kitchen, upstairs with 4 ensuite bedrooms, fully finished daylight basement with bar, sauna room, media room, exercise room with two bedroom suite. Beautiful Chandeliers. Triple garage has it all. One of the best homes in the market. (id:48205)

6 Bedroom 7 Bathroom 7421 sqft
For sale Open House
$2,899,000
9463 134 STREET, surrey, British Columbia

9463 134 Street

Surrey, British Columbia

3 Level Custom Built Home offers 5130 sq. ft. living area and 7201 sq. ft. lot. This 2013 built homes offers 9 bedrooms + DEN and 8 bathrooms. Main floor features living with gas fireplace, and dining area with vaulted ceilings. Huge family room offers floor to ceiling custom built-in cabinets, impressive large kitchen and spice kitchen with gas cooktop, gorgeous granite countertops, two level granite island with drop lighting, built-in stainless steel appliances. Main has bedroom and DEN. Upstairs 4 beds, 3 bath and flex room. Downstairs fully finished 2+2 bedroom basement suites with separate entrance. Covered sundecks, Crown Mouldings, Radiant heating, Double Garage, Fully fenced lot with grassed backyard. Call today! * (id:48205)

9 Bedroom 8 Bathroom 5130 sqft
For sale
$2,849,900
9122 144A STREET, surrey, British Columbia

9122 144a Street

Surrey, British Columbia

BEAR CREEK CORNER MANSION! This custom built home features over 5000 SqFt of Living Space on a 6000 SqFt CORNER LOT! 9 Bedrooms and 8 Washrooms with 2 basement suites (2+1) and bonus Theatre room + Bar for your enjoyment. Main floor features stunning finishes with loads of oversized windows to allow for maximum natural light. Open Concept design and layout. Master Bedroom on the main with full ensuite and additional bedroom and powder room. Massive family room and chefs kitchen and spice kitchen. Upstairs has 4 bedrooms, library and 3 full washrooms. In the basement you have 2 mortgage helpers and theatre/bar. Loads of parking. Double Garage. Located in a great pocket of Bear creek. Modern design and stunning custom finishes. Musts See to appreciate! Perfect home for the growing family. (id:48205)

9 Bedroom 8 Bathroom 5080 sqft
For sale
$2,848,888
14548 110A AVENUE, surrey, British Columbia

14548 110a Avenue

Surrey, British Columbia

CUSTOM built MASTERPIECE! This CUSTOM built 3 level home boasts amazing modern design in every room! With Quarts stairs, Granite Feature Walls, Modern Chandeliers, Tinted Black Frame Windows, you name THIS HOME HAS IT! Basement Features a 2 Bedroom Suite w/ additional suite potential! Massive Rec Room, Bar, and Games room... AN Entertainers Dream. Main Floor Has a Jr. Master Bedroom. Top Floor Has 3 VERY LARGE Jr. Master with Walk In Closets + 1 Master with a Master Ensuite and Closet set for a King and Queen! Call for a Private Showing TODAY! (id:48205)

7 Bedroom 8 Bathroom 6386 sqft
For sale
$2,800,000
14092 114A AVENUE, surrey, British Columbia

14092 114a Avenue

Surrey, British Columbia

New home under construction to complete in Nov. 11 bedrooms, 10 baths (over 6500 sqft) with bright/open plan. All rooms very spacious. Air-conditioning, radiant hot-water heat, HRV system, high-efficiency hot-water furnace, high quality appliances, covered patios/decks, double garage, backlane access. Main floor features open/spacious Foyer, big living and dining rooms, huge family room and designer kitchen, spice kitchen, a large master bedroom with full en-suite, and a separate Recroom+bedroom+fullbath (could be in-law suite) plus powder room. Top floor has 3 master bedrooms and two other bedrooms with a shared full bath. Basement has a huge media room with wet bar and attached powder room, plus 2 bedrooms legal suite and 2 bedroom un-authorized suite potential. 2-5-10 new home warranty. (id:48205)

11 Bedroom 10 Bathroom 6513 sqft
For sale Open House
$2,799,000
10265 166B STREET, surrey, British Columbia

10265 166b Street

Surrey, British Columbia

Luxury Living at its finest by Jathol Enterprises; this mesmerizing home is over 6100 sqft inlc. garage and sits on a pristine 9600 sqft lot situated in one of the most desirable subdivisions in Fraser Heights. This custom-built property has easy access to Hwy 1 and close to all levels of schools including Pacific Academy. This home has 9 spacious bedrooms with 9 bathrooms & 5 ensuites. It is equipped with an European inspired flat panel cabinetry in the kitchen and Wok Kitchen which have premium appliances, gas range, and quartz countertop and backsplash. The basement comes with a spacious 2 bedroom legal suite and an entertainer's dream theatre room; lots of extra space for your ideas and to build life long memories here with family and friends. https://youtu.be/pTTkbnUWoaQ (id:48205)

9 Bedroom 9 Bathroom 5744 sqft
For sale
$2,789,888
13598 89 AVENUE, surrey, British Columbia

13598 89 Avenue

Surrey, British Columbia

3 Story house in the heart of Surrey. 2007. Huge 6165 sq.ft lot with over 4000 sq.ft covered area. (2+1) basement suites, rented for $1600+$1200. *separate laundry for tenants* Total 8 bed, 6 bath. Full bathroom on main floor. Huge kitchen with huge island, pantry and lots of cupboard space! Huge deck for entertaining. Close to transit, SFU, shopping, highways, hospital, schools and more!! Great time to invest in the core of Surrey with major development happening in the area. **Great Numerology** Lots of upgrades. New hot water tank and updated paint and flooring. Upstairs has 4 bed, 3 bath. 1 block from Elementary School. Offers as they come in. Future development potantial (id:48205)

8 Bedroom 6 Bathroom 4055 sqft
For sale
$2,789,000
10021 174A STREET, surrey, British Columbia

10021 174a Street

Surrey, British Columbia

Custom build extra SPECTACULAR home in Fraser Heights! Located on an almost 7000 sqft lot this large home is finished with designer picked colors, high end cabinetry, ultra modern lighting and wall finishes. Main floor has a living, family, dinrm, large kitchen, full spice, master AND office! Up has 4 beds, each with own bath and large closets. Down has a bar room plus recroom. Mortgage helpers are a 2 bed legal suite plus 1 bed suite potential. Photos do not do justice - This home MUST be seen in real life to appreciate! ****OPEN HOUSE SUNDAY 17TH FROM 1230 T0 1:30PM ****** (id:48205)

8 Bedroom 9 Bathroom 5366 sqft
For sale
$2,788,000
10610 SALISBURY DRIVE, surrey, British Columbia

10610 Salisbury Drive

Surrey, British Columbia

Acre available in prime Fraser Heights, can subdivide into 2 half acre lots and build your dream estate with views of the mountains and golden ears. Or you can build your dream mansion. The home on this property has 3700 sqft of living space with 2 suites. Currently receiving 4500$ in rental income. Lots of storage available on every floor, amazing yard with beautiful greenbelt. It is walking distance to Pacific Academy and minutes away to some of the top schools in BC. And minutes away from all major freeways, making this the most central location in the lower mainland for access to all points. (id:48205)

5 Bedroom 4 Bathroom 3700 sqft
For sale
$2,775,000
11347 140 STREET, surrey, British Columbia

11347 140 Street

Surrey, British Columbia

Welcome to your dream home. This brand new 3 level home is elegantly designed with modern luxury and high end details throughout, this custom home offers an open concept floor plan with exquisite modern finishes, quartz countertops, central air-conditioning, radiant heat, security system, and cameras. Main floor features open foyer, living/dining rooms, designer kitchens with high end appliances, 2 pc bathroom and full bath with bedroom. Top floor features 4 bedrooms, 3 bathrooms including a master bedroom with ensuite. The spacious basement includes a rec room with a bedroom and separate 2 bdr legal suite. Truly it has it all! Located in central areas of Surrey, near schools, shopping centres, transit, skytrain and easy access to highways and bridges. Estimated completion November 2022. (id:48205)

9 Bedroom 8 Bathroom 5556 sqft
For sale
$2,700,000
16199 96B AVENUE, surrey, British Columbia

16199 96b Avenue

Surrey, British Columbia

. (id:48205)

9 Bedroom 8 Bathroom 5365 sqft
For sale
$2,700,000
14251 GROSVENOR ROAD, surrey, British Columbia

14251 Grosvenor Road

Surrey, British Columbia

Welcome to this BRAND NEW 3 storey, 8 bed & 8 bath luxurious home in North Surrey. Its sits on large 6000+ sq. ft. lot. Main floor features spacious living, dining rooms, modern kitchen, an amazing spice kitchen to prepare gourmet meals, a master bedroom, office and one powder room. Upper level is reserved for 4 tastefully appointed bedrooms. Lower floor has 2+1 bedroom mortgage helper suites, a theatre room and double garage. This home is FULL of all the modern amenities and offers Radiant heating & central air conditioning. It comes with 2-5-10 Warranty. 75% of the work is done and house will be ready in next two months to move in. (id:48205)

8 Bedroom 8 Bathroom 5364 sqft
For sale
$2,699,000
9270 163A STREET, surrey, British Columbia

9270 163a Street

Surrey, British Columbia

Magnificent Custom built home sits on a spectacular 19,079 sf lot in Fleetwood's highly desired neighbourhood, cul-de-sac location with mountain views! The main foyer greets you with an opulent double height ceiling. With 3900 sf of living this home features hardwood floors, maple kitchen cabinets, stainless steel appliances, granite counters. Newly built rec room for you to enjoy with a washroom for upstairs used, walkout basement with a separate living/dining, Huge fenced and newly levelled backyard with Utmost privacy for you to entertain your guests or where your kids can play. Tons of parking for your Toys, Boat, RV Parking. BONUS!! Permit Submitted with City of Surrey for an extra bedroom and washroom upstairs. Book your Private Viewing Today! (id:48205)

5 Bedroom 5 Bathroom 3900 sqft
For sale
$2,688,000
17951 98 AVENUE, surrey, British Columbia

17951 98 Avenue

Surrey, British Columbia

This gem built by A1 Ideal Homes has 5300 sqft of living space. High end finishing's and custom LED drops through out. The main floor has a master bedroom with ensuite, has a open and cozy lay out. The kitchen is a absolute must see with gold fixtures. The upper floor has 4 big bedrooms with 3 washrooms. In the basement you have a massive theatre room with bar and full washroom. Big 1 bedroom suite and a legal 2 bedroom suite with lots of natural lighting. This gem of a house has a 2 car garage and you can fit 8 cars in the driveway and lots of parking across the street. Minutes away from highway 17 giving you access to all major highways. Don't miss out on the most sought after neighborhood in Surrey with some of the top schools in BC. (id:48205)

8 Bedroom 8 Bathroom 5293 sqft
For sale
$2,688,000
8697 166B STREET, surrey, British Columbia

8697 166b Street

Surrey, British Columbia

ABSOLUTELY STUNNING home stands tall on a 13,994 sq ft lot in a quiet cul-de-sac in the desirable Cedar Grove Estates. This hidden gem boasts over 5600 sq ft, 8 bedrooms/7 baths. Many recent upgrades including a fully renovated kitchen/appliances, flooring, paint (interior) to name a few. Upper level has 4 bedrooms with 3 en-suites, the master bedroom features a west facing balcony, & spa like bath retreat. Lower level has 2 basement suites (2+1) - Potential rent $3000+ mortgage helpers. As a bonus you will find an impressive master bedroom with WIC + 4pce en-suite ideal for the inlaws/ nanny for upstairs use. This home is perfect for family entertaining with a huge private backyard, bonus triple car garage + large driveway for the RV too. SHOWS WITH PRIDE! (id:48205)

8 Bedroom 7 Bathroom 5649 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