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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
$615,000
412 15956 86A AVENUE, surrey, British Columbia

412 15956 86a Avenue

Surrey, British Columbia

Charming 2 bed, 2 bath condo on the top floor offers not only comfortable living but also convenience.Top floor means you'll enjoy added peace and quiet.The living area has large windows that flood the space with natural sunlight.The west facing balcony offers picturesque views of the tranquil courtyard below. It's the perfect blend of convenience, comfort, and investment potential, making it a must-see. Close proximity to shopping, restaurants, and the new Skytrain station make for easy commuting and running errands. Comes complete with 2 parking spots and storage locker. Whether you're a first-time homebuyer looking to establish your own space or an investor seeking a lucrative rental opportunity, this condo ticks all the boxes, quick possession is possible! Open House Apr 27/28 2pm-4pm (id:48205)

2 Bedroom 2 Bathroom 847
For sale
$615,000
509 8695 160 STREET, surrey, British Columbia

509 8695 160 Street

Surrey, British Columbia

Embrace convenience and sunshine in the heart of Fleetwood! This south-facing top-floor condo, with two bedrooms and two bathroom, just two-minute walk from the future Skytrain station. It is perfect for small families or savvy investors. (id:48205)

2 Bedroom 2 Bathroom 747
For sale Open House
$600,000
503 8717 160 STREET, surrey, British Columbia

503 8717 160 Street

Surrey, British Columbia

Welcome to Vernazza & this well-kept 2 bed & 2 full bath, quiet Penthouse unit. A well-maintained building with 2 EV charging stations, big common hallways & good ventilation. Excellent floor plan with a open kitchen featuring full height upper cabinet, granite counter tops & a large island. Comfy living room with electric fireplace overlooking large balcony & private mountain view. Amazing Fleetwood location close to everything, Hwy 1, schools, shopping & restaurants. Plus walking distance to future Skytrain Station at Fraser Highway. Pets & rentals allowed. Open Sat/Sun April 13/14 2-4 (id:48205)

2 Bedroom 2 Bathroom 747
For sale Open House
$599,900
44 9273 122 STREET, surrey, British Columbia

44 9273 122 Street

Surrey, British Columbia

Kensington Gate . Secured complex in very central area. Close to transit on 92 and 96 Ave and all levels of schools less than 2 blocks. Close to shopping on Scott Road. Carriage style upper unit, townhome that is open and very bright and in great shape. There is a natural gas fireplace and laundry in the suite. Second large 12' x 9'6" bedroom needs wardrobe or closet. No more than 3 occupants due to Bylaw restriction. Well run strata with outdoor pool, hot tub, clubhouse. New roof in 2019. One open spot for parking. Two small pets allowed no larger than 14" at shoulders. Open House April 14, 2-4 (id:48205)

2 Bedroom 1 Bathroom 1261
For sale
$599,900
201 6815 188 STREET, surrey, British Columbia

201 6815 188 Street

Surrey, British Columbia

Rarely available! You'll love this fantastic, bright 2 bedroom PLUS den home in COMPASS in Clayton just steps from everything. You get a modern kitchen with granite counters, bright open layout, in-suite storage room, 2 full bathrooms, and 2 side by side parking stalls underground. Enjoy sunrise views on your large covered balcony with greenery for privacy. Enjoy the amenities room. Steps to everything.STARBUCKS, restaurants, Dublin's Crossing, Groceries, Hazelgrove Elementary, Clayton Heights High School, Shoppers Drug, transit and much more! Close to the future SkyTrain line for big future value potential! Pets and rentals are allowed. Call before it's gone! (id:48205)

2 Bedroom 2 Bathroom 1012
For sale
$599,900
303 6815 188 STREET, surrey, British Columbia

303 6815 188 Street

Surrey, British Columbia

Welcome to Compass!! - Very sought after complex and rarely for sale. Conveniently located in Clayton Heights, just steps away from all the restaurants, shops & recreation you need! Original owner & meticulously maintained. This 2 bed, 2 bath end unit has large windows allow for lots of natural light in the unit. Living area features a cozy electric fireplace. stainless steel appliances, granite counter tops, in-suite laundry and storage. Huge patio spacious covered sundeck for entertaining. This strata includes an amenity building with a lounge/party room for its residents use. Unit comes w/ 1 underground parking stalls. Easy to show (id:48205)

2 Bedroom 2 Bathroom 793
For sale
$599,900
509 9983 E BARNSTON DRIVE, surrey, British Columbia

509 9983 E Barnston Drive

Surrey, British Columbia

Corner Unit at "The Coast" in prestigious neighborhood of Fraser Heights area with sought-after schools, amenities and parks. This top floor south exposure corner penthouse has beautiful views of the North Shore mountains. Features include; 13' ceilings, large living room, spacious bedrooms with high ceilings, two tone kitchen with laminate floors and tile splash and quartz countertops. Living area has laminate floors while bedrooms have carpeting to add warmth. Expansive windows bring in abundance of natural light. 11'x5' balcony with bright sunny exposure. 2 PARKING Stalls. Modern spacious interiors and attractive West Coast exterior. Great location with easy access to Highway 1, Golden ears Bridge. Less than 10 minutes from Guildford Town Centre, and 30 minutes to Vancouver. (id:48205)

2 Bedroom 1 Bathroom 717
For sale
$599,888
204 18755 68 AVENUE, surrey, British Columbia

204 18755 68 Avenue

Surrey, British Columbia

Introducing a charming 2-bedroom, 2-bathroom corner suite with an oversized covered patio located in the heart of Clayton Heights in the Compass building. With over 800 sq ft of living space, this condo offers in-suite laundry, stainless steel appliances & granite counter tops, access to a building clubhouse, and is conveniently situated near a variety of shopping outlets and amenities. You'll find Save on Foods, Starbucks, Shoppers Drug Mart, and numerous dining options just steps away. Don't miss out on the perfect blend of comfortable living and convenience. (id:48205)

2 Bedroom 2 Bathroom 813
For sale
$599,000
310 10168 149 STREET, surrey, British Columbia

310 10168 149 Street

Surrey, British Columbia

Welcome to the GUILDHOUSE by Mosaic. This beautiful Georgian style 2 bedroom condo features 10 ft ceilings and extra tall windows that bring in a lot of natural light. Practical layouts throughout with open kitchen. Spacious master bedroom with spa-inspired walk through closet and bathroom. Modern kitchen has lots of storage, contemporary stone countertops, S/S appliances, matte black faucets & hardware. Herringbone vinyl plank flooring and in-suite laundry. Centrally located in the heart of Guildford. Walking distance to Guildford mall, Walmart, Superstore, T&T Supermarket, Schools, daycares and public transit. This unit comes with 1 parking. Call for private viewing. (id:48205)

2 Bedroom 2 Bathroom 810
For sale Open House
$599,000
15 18855 72 AVENUE, surrey, British Columbia

15 18855 72 Avenue

Surrey, British Columbia

A/C featured brand new ground floor 2 bedroom corner unit. This modern stacked townhome features open concept and high ceilings which make it feel light and bright. This home will be magazine worthy. Modern kitchen with quartz countertop and latest stainless steel appliances, soft-closing cabinet. 2 parking spots included. Close to the Clayton Community Center and shops in Clayton. School catchment: Regent Road Elementary & Ecole Salish Secondary. Low Strata Fee. (id:48205)

2 Bedroom 1 Bathroom 688
For sale Open House
$599,000
303 15140 108 AVENUE, surrey, British Columbia

303 15140 108 Avenue

Surrey, British Columbia

Welcome to the popular Riverpointe complex! Perfect for first-time homebuyers and investors. Well maintained complex includes upgrades to balconies (2009), Common area (2010), Roofs (2015) and Window trim & Flashings (2017), Soffits, Gutters & Downspouts (2009). Cleat and bright, top floor, 2 bedroom with the main bedroom overlooking a quiet courtyard. It is close to everything, minutes from Guildford Mall, T&T Market and Highway #1. Investors & pet friendly building with unrestricted rentals and two dogs of any size allowed! Very well maintained! Parking #32, locker #39. Open House Sat, March 16 between 1-3 pm. (id:48205)

2 Bedroom 1 Bathroom 930
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 Open House
$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 completion possible! Come see it today! (id:48205)

2 Bedroom 2 Bathroom 1000
For sale Open House
$579,000
208 15130 108 AVENUE, surrey, British Columbia

208 15130 108 Avenue

Surrey, British Columbia

SPACIOUS 2BED 2BATH IN GUILDFORD SURREY! Riverpointe complex is located just steps away from Guildford Mall, T&T Supermarket, Public Transit, Guildford Rec Centre, and 2 min away from Hwy 1. This bright unit features open living, dining, and kitchen areas spacious enough to fit large furnitures, and a cozy gas fireplace included in strata fee. New stainless steel appliances, Lots of in-suite storage space! 1 Parking and 1 Locker also included! The Complex is well-maintained with on-site caretaker, rain-screened, elevator upgrade in progress. Pets allowed with no size restriction/Rentals Fully Allowed. OPEN HOUSE SAT APR 27, 3-5PM / SUN APR 28, 2-4PM (id:48205)

2 Bedroom 2 Bathroom 1025
For sale Open House
$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! PRIVATE SHOWING can be arranged. OPEN HOUSE only on Sunday, April 28 at 1-5pm. (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
$569,900
503 15835 85 AVENUE, surrey, British Columbia

503 15835 85 Avenue

Surrey, British Columbia

Just like NEW TOP FLOOR 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
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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