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North Surrey Homes for Sale

Whalley, Royal Heights, Port Kells, Bridgeview and Fraser Heights are just a few of North Surrey’s communities attracting potential homebuyers. The City of Surrey is very proactive and prides itself on its long-term goals of making the downtown Central Surrey core into something like Yaletown in Vancouver. With plenty of new commercial and residential real estate being developed today, you can literally watch the changes they have in motion on a daily basis. Central Surrey is quickly becoming a hot spot for first time homebuyers, investors, and working professionals who want to leave a greener footprint by using the many public transportation options all throughout the Lower Mainland. Check out our North Surrey MLS listings or call Natasha Taylor of the Taylor Team at 1-778-316-4290 and let our group of experienced North Surrey Sutton real estate agents show you why Surrey has been rated BC’s #1 area to invest in (and the #4 in all of Canada).

About North Surrey BC

North Surrey British Columbia is a great place for the first time buyer, commuter, or for anybody looking to invest in BC real estate. Let our group of experienced Sutton North Surrey real estate agents at The Taylor Team show you why Surrey has been rated the #1 area to invest in BC and the #4 in all of Canada. Whether you are looking to jump on the sky train and head to work with ease or just get into the Surrey real estate market, you definitely can’t go wrong buying here in North Surrey BC. With starter areas like Whalley, to more prestigious residential communities like Fraser Heights, there is much to choose from here in North Surrey.

North Surrey real estate is constantly under development. An extremely large amount of BC condos and new homes are being built in this popular area as well as new commercial buildings.

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For sale Open House
$598,000
1804 14881 103A AVENUE, surrey, British Columbia

1804 14881 103a Avenue

Surrey, British Columbia

Breathtaking views at SUNWEST ESTATES- renowned concrete high-rise in a prestigious Guildford neighborhood! This bright and spacious 2 bedroom/2 bathroom unit with 1010 sqft of generous living area has been completely renovated. Enjoy the bright South West facing living space featuring Quartz countertops, new S/S appliances, a beautifully designed fireplace, two tone kitchen cabinets, laminate flooring, tiles, subway tiles, LED lighting, complete bathroom remodel, new blinds throughout and much more. An inviting balcony for the unit that overlooks a 180-degree SW view of city skyline and urban landscape! Centrally located between Guildford Town Centre & Central City Mall & Gateway Skytrain Station. Live and experience all the popular amenities & conveniences offered at the heart of Surrey. (id:48205)

2 Bedroom 2 Bathroom 1010
For sale Open House
$597,900
303 9299 121 STREET, surrey, British Columbia

303 9299 121 Street

Surrey, British Columbia

This is the unit you have been waiting for. Top floor 2 bedroom, 2 bathroom meticulously cared for 1250 square foot condo at Huntington Gate. Beautifully updated with fresh paint, modern light fixtures, stainless steel kitchen appliances and more. This size and floorplan gives this unit the feeling of rancher living with large bedrooms, gas fireplace lots of windows letting in ample natural light and even large in suite storage. Enjoy your morning coffee on your covered balcony and the beautiful views of the North Shore Mountains. There are even 2 parking spaces! All of this is just 1 block from shopping and restaurants as well as easy access to transit, HWY 17, Alex Fraser and Patullo Bridges. Call today to book your private showing. (id:48205)

2 Bedroom 2 Bathroom 1247
For sale
$594,000
219 12083 92A AVENUE, surrey, British Columbia

219 12083 92a Avenue

Surrey, British Columbia

Location Location Location! Walking distance to shopping, transit, close to restaurant and gas station. This home features 2 spacious bedrooms with 2 full bathrooms, spacious living room with fireplace, laminate flooring, beautiful kitchen with large breakfast bar, open concept floor plans, cozy fireplace, oversized windows to enjoy the view/fresh air. Very well kept house and building. Close to both High and Elementary school. Big private fenced yard for the kids to play or for the elders to enjoy their time in nature. Must see! (id:48205)

2 Bedroom 2 Bathroom 846
For sale Open House
$589,900
105 10560 154 STREET, surrey, British Columbia

105 10560 154 Street

Surrey, British Columbia

Outstanding opportunity in prime location! Updated 948 sq. ft. 2 bedroom 1 bath Ground floor Corner unit in nicely maintained desirable Creekside! All new laminate floors, kitchen cabinets and countertop, bathtub & tile with Partially newer appliances. Enjoy the spacious partly covered 148 sq. ft. patio! 7' storage closet off the entry. The storage room off the primary bedroom could be used as a den! 1 parking space another can be rented with strata approval. Storage locker. Pets & rental friendly. Walk to Guildford shopping, restaurants, library, rec centre w/swimming pool, medical, transit exchange, and theatres! Only 2 minutes to Hwy #1 to Vancouver! (id:48205)

2 Bedroom 1 Bathroom 947
For sale Open House
$589,000
107 9940 151 STREET, surrey, British Columbia

107 9940 151 Street

Surrey, British Columbia

Welcome to the "Westchester Place" in the prestigious neighborhood of Guildford. The unit is one of the quietest units in the complex, 2 bedroom and 2 bath 1000 sqft "Ground level unit". Southern back yard with a gas fireplace, large kitchen with open layout. This fully renovated unit comes with spacious living room, separate dining room, in-suite laundry, laminate flooring, newer stainless steel appliances, storage room, secured underground 2 parkings, elevator access, wheelchair access, locker and club house. Walking distance to Guildford Mall, T&T, Schools, Public library, Recreation center. Very easy access to all major routes. You have everything you could ask for in this neighborhood. Book your showing now before it's too late!! (id:48205)

2 Bedroom 2 Bathroom 1000
For sale Open House
$588,000
204 15130 108 AVENUE, surrey, British Columbia

204 15130 108 Avenue

Surrey, British Columbia

WOWZA! STOP THE CAR! This beautiful 2-bedroom, 2-bathroom lovingly cared for home has been tastefully updated. NEW carpet in the bedrooms, laminate flooring in all common spaces, NEW paint throughout, Stainless Steel Appliances, NEW kitchen counters and backsplash, separate in-suite laundry ROOM! Over 1000 sq/ft of living space with overside covered deck - with access from living room and your enormous primary suite that has walk through closets and 3-piece en-suite! An abundance of in suite storage plus separate locker and 1 parking. Walking distance to everything you need, transit, shopping, schools, Guildford Mall, rec-center, cafe's, banking! Call your agent today for your private showing! OPEN HOUSE SUNDAY, APRIL 21 - 2PM TO 4PM!! (id:48205)

2 Bedroom 2 Bathroom 1047
For sale
$584,999
103 12083 92A AVENUE, surrey, British Columbia

103 12083 92a Avenue

Surrey, British Columbia

Prime Location in an Exceptional Building! This ground-level 2-bedroom, 2-bathroom unit showcases a luminous and expansive maple kitchen with abundant cabinet and countertop space. Enjoy the open ambiance with 9' ceilings in the living room, complemented by a cozy gas fireplace. Step outside to a partly covered patio, along with an additional grass area, fully fenced and featuring a gate for visitors. Benefit from the convenience of 1 parking spots and dedicated storage. Centrally situated, this property is in proximity to transit, schools, and shopping centers. The maintenance fee covers gas, hot water, and gym access. Residents can take advantage of amenities such as a recreation room, guest room, alarmed storage, and underground parking. Ample visitor parking is available on both (id:48205)

2 Bedroom 2 Bathroom 820
For sale
$582,500
125 15268 105 AVENUE, surrey, British Columbia

125 15268 105 Avenue

Surrey, British Columbia

Welcome to Georgian Gardens! This 2 bed, 2 FULL bath unit has everything you need. Investors and First-Time buyers alike will enjoy newer laminate flooring, paint and stainless-steel appliances, large kitchen with eating nook, generous-sized living room with cozy gas fireplace, laundry room with storage, ground-level patio overlooking green space, plus the added security of not being true ground-level (this unit is NOT street-level). Primary bedroom is equipped with a full ensuite and walk-in closet! Unit comes with 1 underground parking spot & a storage locker. Ideal location close to Highway 1, just steps away from Guildford Mall, Library, Rec centre, Schools, Restaurants & Public Transit. Quick possession possible! Come see it today! (id:48205)

2 Bedroom 2 Bathroom 1000
For sale
$579,000
101 15258 105 AVENUE, surrey, British Columbia

101 15258 105 Avenue

Surrey, British Columbia

Experience the fascinating lifestyle at Georgian Gardens in Guildford Town Center. This two-level corner unit features 2bed-2bath, 2 ground-floor patios and a gorgeous hardwood flooring upgrade both on main and above floors. Bright tiled-floor kitchen is surrounded with white cupboards, drawers, counter top and newer appliances. Its cozy living and dining area warms up on cold nights with its neat eco-friendly natural-gas fireplace. Just few steps away to the mall, recreation centre, library, transit and very accessible to the stunning travel-friendly Trans-Canada Hwy. Amazing location and extremely convenient for busy people. Must see! Book your PRIVATE SHOWING or come to our OPEN HOUSE on April 20 and 21 (Sat & Sun) at 2-4pm. (id:48205)

2 Bedroom 2 Bathroom 904
For sale
$578,000
117 13507 96 AVENUE, surrey, British Columbia

117 13507 96 Avenue

Surrey, British Columbia

Live in convenience at PARKWOODS - Balsam in Whalley, where you are only a few minutes' walk to the King George Skytrain Station. Shop with ease at Central City Shopping Centre with Bed Bath & Beyond, Best Buy, Winners, T&T Supermarket, and Club 16 Trevor Linden Fitness. Walk to Save-On Foods, Canadian Tire, London Drugs, and Safeway. The North Surrey Recreation Centre, the Surrey Central Transit Loop, City Hall, the RCMP, Surrey Memorial Hospital, Schools and Universities. Well maintained building with 2 bedroom condo boasting over 1,000 sf of living space. Stunning features include spacious bedrooms, plenty of closet space and storage, gas fireplace, and north facing balcony with plenty of natural light. Large living area adjacent to dining room provide perfect space for entertaining. Must See! Call today for private showing. (id:48205)

2 Bedroom 1 Bathroom 1042
For sale Open House
$575,000
309 9940 151 STREET, surrey, British Columbia

309 9940 151 Street

Surrey, British Columbia

Welcome to this corner unit PENTHOUSE in Guildford! This awesome 2 Bedrooms 2 Baths unit with 977 Sq-ft of living space at the prestigious "Westchester Complex," located right in the middle of everything. Big & bright Living Room with a separate Dining Room, In-suite Laundry, 2 underground Parking Stalls & a Storage Locker. Enjoy Panoramic views from the patio. Walking distance to Guildford Mall, T&T, Schools, Restaurants, Public Library, Recreation Center, Public Transit & easy access to HWY 1.**Open House SUN, Apr 21, 2024 between 2-4pm ** (id:48205)

2 Bedroom 2 Bathroom 977
For sale
$569,900
503 15835 85 AVENUE, surrey, British Columbia

503 15835 85 Avenue

Surrey, British Columbia

Just like NEW Jr 2 bedroom- 2 Years old but never occupied, Built by Dawson + Sawyer in Fleetwood Village located directly along the proposed SkyTrain line. Open concept living & dining area this one bedroom+den features modern stainless steel appliances. Close to Walnut Road Elementary, Fresh St. Market, Fleetwood Park Village Shopping, Fraser Highway & Restaurants. Amenities include an Exercise room, study room, lounge, and large party room with kitchen. The balcony overlooks the garden for some relaxing time. This unit is $50k less than a comparable new unit plus NO GST! (id:48205)

2 Bedroom 1 Bathroom 606
For sale Open House
$569,900
205 6438 195A STREET, surrey, British Columbia

205 6438 195a Street

Surrey, British Columbia

LOCATION!!! Walking Distance from future SkyTrain & Willow-brook Shopping Centre. Bright, Open Concept Design w/ 9ft ceilings & Modern features: Stunning Gourmet Kitchen with stone Counter-Tops, marble tile backsplash, Premium Laminate Flooring. Yale Bloc 2 amenities include a theatre, gym, guest room . Walking Distance from: Shopping Centre, Gym, Transit. Pets & Rentals Allowed. 2 side by side underground Parking, Rentals and pets allowed! Great investment or perfect for first time buyers. (id:48205)

2 Bedroom 2 Bathroom 678
For sale
$569,000
202 10188 155 STREET, surrey, British Columbia

202 10188 155 Street

Surrey, British Columbia

Well maintained Sommerset is located next to Guildford Heights Park. Walking distance to elementary schools, Johnston Heights Secondary School, Guildford Mall, Recreation Centre, public transit. Super easy access to Hwy #1 & Hwy #17. 2 bedrooms locate on each side of the living room, South/East facing unit. Well maintained unit. MUST SEE! (id:48205)

2 Bedroom 2 Bathroom 895
For sale Open House
$565,600
401 6420 194 STREET, surrey, British Columbia

401 6420 194 Street

Surrey, British Columbia

Welcome to RESORT STYLE LIVING at The WATERSTONE - Cloverdale's most prestigious condos and a stone's throw from all the amenities that Langley has to offer. This recently updated spacious 1 bed and den PENTHOUSE features an open floor plan with a bright western exposure, large balcony, and soaring 10' ceilings. With fresh paint and modern light fixtures, this home features a luxuriously appointed kitchen with granite countertops and SS appliances. Large master bedroom and bonus den/flex area/office space. Get rid of your gym membership as you enjoy the 15,000 ft resort style amenities featuring an indoor pool, hot tub, huge commercial quality gym, Theatre Room, Guest suite, games and party room, fire pit and more! OPEN HOUSE SATURDAY APRIL 20TH 1-3PM (id:48205)

1 Bedroom 1 Bathroom 660
For sale
$565,000
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
For sale Open House
$559,900
408 19530 65 AVENUE, surrey, British Columbia

408 19530 65 Avenue

Surrey, British Columbia

Elegant Top Floor home at sought after Willow Grand. Spacious 1 bedroom and den with soaring 12 foot ceilings and over 100 square foot, private, east facing deck with stunning garden and mountain views of Mt Baker & Shuksan Glacier. Quality kitchen with granite counters & stainless appliances, Primary bedroom fits king bed and comes with a spa inspired 5 piece bath featuring double vanities, clawfoot tub & extra large frameless shower with rainfall shower head. Many more features like Insuite laundry with storage. Building Amenity room, Guest suite, Storage unit, Visitor and Secured parking. Quiet location yet walkable to shops, restaurants, amenities, transit, Willowbrook Mall & future skytrain station. 2 Pets with up to 25 pound dog welcome. Stylish & convenient. OPEN SUNDAY 2-4 APRIL 21 (id:48205)

1 Bedroom 1 Bathroom 794
For sale
$558,000
1607 10620 150 STREET, surrey, British Columbia

1607 10620 150 Street

Surrey, British Columbia

Lincoln's Gate- renovated top floor townhome. 2 bedroom, 2 bathroom home with private deck facing the cherry blossom tree -beautiful. This home features a classic floor plan with the bedrooms separated by living space. Master has 2pc ensuite, full size washer dryer, galley kitchen with combined dining room and living room. This home has just received a renovation giving it a modern, new feel throughout. Fresh paint, new lighting, bathroom vanity, and engineered hardwood flooring. Freshly cleaned -this home is move-in ready. It's vacant so pick your dates. Pets- 2 dogs or 2 cats or 1 of each. A family friendly complex complete with outdoor pool, close to Guilford shopping and countless amenities. (id:48205)

2 Bedroom 2 Bathroom 1038
For sale Open House
$558,000
403 9688 148 STREET, surrey, British Columbia

403 9688 148 Street

Surrey, British Columbia

Bright spacious penthouse condo close to EVERYTHING. Conveniently located close to transit, walking trails, restaurants pubs, movie theaters and Guildford Mall. This complex has undergone an extensive full rainscreening and decking project completed a couple of years ago. Vacation like amenities include outdoor pool, hot tub, huge recreation room, workshop guest suite all add to the enjoyment of living at Hartford Woods. Large primary bedroom offers W/I closet & 4 pce ensuite, den/home office, 2nd bedroom plus an open concept floor plan with vaulted ceilings. Bring your decorating ideas for flooring, paint etc and you will gain instant equity in this recently upgraded complex. Hurry on this one! (id:48205)

2 Bedroom 2 Bathroom 1136
For sale
$555,000
208 15140 108 AVENUE, surrey, British Columbia

208 15140 108 Avenue

Surrey, British Columbia

Welcome to this beautiful 2 bedrooms, 2 bath condo unit with a brand new appliances.The complex is featured with club house, exercise room, party room and sauna. Best location to shopping mall, bus stop, school, recreation center, and Highway 1. (id:48205)

2 Bedroom 2 Bathroom 928
For sale Open House
$550,000
109 15848 FRASER HIGHWAY, surrey, British Columbia

109 15848 Fraser Highway

Surrey, British Columbia

Fleetwood Village by Dawson Sawyer presents a unique opportunity with a newly constructed 2 Bed + 1 bath unit on the ground floor, showcasing the sought-after floor plan. Designed for investor, it features a spacious living area, stainless-steel appliances, in-suite washer/dryer, and private front yard. Positioned along the upcoming Fraser Highway/Langley skytrain line, residents enjoy easy access to transit, schools, shops, and dining. Exclusive access to 36,000 sq. fit. amenities includes a gym, yoga room, and party room. This unit on the ground floor with easy access to the main entrance as well as 85 Ave. The unit comes with 1 covered parking and a storage. Welcome home to a modern and strategically located lifestyle at Fleetwood Village. GST Included, 2-5-10 warranty available (id:48205)

2 Bedroom 664
For sale Open House
$549,900
421 15268 105 AVENUE, surrey, British Columbia

421 15268 105 Avenue

Surrey, British Columbia

This is your RARE opportunity to own a TOP floor and CORNER unit in the established community of Georgian Gardens. Highlights of this BRIGHT and AIRY condo include NEW paint throughout, expansive living and dining spaces, a kitchen that offers plenty of storage and cabinetry, gas F/P in the living room, bedrooms on opposite sides of the floor offering tons of privacy, the primary bedroom includes a his/her closer and an ensuite. The home offers a sun drenched deck with panoramic views of the Mountains. Bonus: 2 parking stalls and a storage locker! The icing on cake is the location, just steps to the Guildford Rec Centre, all medical offices, Guildford mall and a quick access to Highway #1. Don't miss out, this won't last!! (id:48205)

2 Bedroom 2 Bathroom 965
For sale
$549,800
111 9635 121 STREET, surrey, British Columbia

111 9635 121 Street

Surrey, British Columbia

Welcome to this large and clean 2 Br corner unit in a centrally located building complex of Chandler HIll. The unit has been freshly painted and updated with newer floors and quartz countertops. The unit comes with a very large, private and covered balcony which is a great area for summer barbeque and entertaining guests. It has a huge laundry room with more storage space. The complex is very close to transit, schools, shopping, restaurants and a wide variety of stores. Book your appointment now and grab this excellent opportunity of home ownership! (id:48205)

2 Bedroom 1 Bathroom 989
For sale
$549,000
1410 10620 150 STREET, surrey, British Columbia

1410 10620 150 Street

Surrey, British Columbia

GREAT LOCATION! Conveniently located near Hwy 1, Guildford Mall, recreation centre, restaurants, transit and schools. This well laid out plan will make a great starter home for the growing family or as an investment. 2 large bedrooms and 1.5 bathrooms with laminate flooring throughout. 2 great decks and a bonus in-suite storage room. Enjoy the outdoor pool and hot tub this complex has to offer. (id:48205)

2 Bedroom 2 Bathroom 988
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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