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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
$738,888
W502-10828 139A STREET, surrey, British Columbia

W502-10828 139a Street

Surrey, British Columbia

North east Corner Unit! 2 Bedromm+2 Washroom+ 2 parking! Experience the pinnacle of sophisticated living in Surrey Centre Area! ideally located near Surrey City Centre. Situated in a vibrant, pedestrian-friendly neighborhood brimming with boutiques, green spaces, eateries, and the upcoming 140th St Skytrain station, ensuring convenience at your doorstep. Seize the opportunity to be part of this dynamic neighborhood! $5,000 credit at completion! (id:48205)

2 Bedroom 2 Bathroom 833
For sale Open House
$737,000
415 15385 101A AVENUE, surrey, British Columbia

415 15385 101a Avenue

Surrey, British Columbia

Priced exceptionally well 54K under assessment! Welcome to well kept corner penthouse unit Charlton Park with mountain views. This unit boost high ceilings and 2 grand size bedrooms with balconies of their own. Unit is located in extremely convenient location within 10-15 mins walking distance to school, Save on Foods, Walmart, T&T, Guildford exchange and mall. Closer to highway one for easy in and out of city. Well maintained strata with outdoor swimming pool for summers and clubhouse for private parties/events. Updates include: Fireplace insert, microwave, and exhaust, dishwasher, newer paint, hot water tank, etc. Special quirks: corner unit, two private patios, huge pantry, storage, parking , close to elevator, fantastic view ultra high ceilings, top floor penthouse, full of amenities. (id:48205)

2 Bedroom 2 Bathroom 1188
For sale
$736,890
W217 10828 139A STREET, surrey, British Columbia

W217 10828 139a Street

Surrey, British Columbia

Indulge in Surrey City Centre's vibrancy from your sought-after corner unit at Viktor, now sold out! Enjoy the bustling, pedestrian-friendly neighborhood, brimming with shops, parks, eateries, and the upcoming 140th St SkyTrain Station. This spacious home offers 2 beds, 2 baths, boasting high ceilings, wide plank laminate flooring, and chic dual-tone cabinetry. Bask in natural light, accentuating the elegant quartz countertops. Luxurious spa-like bathrooms feature oversized white tiles and soaking tubs. Benefit from one parking space and a $5,000 completion credit. Perfect for families or investors. Expected completion: July/Aug 2024. (id:48205)

2 Bedroom 2 Bathroom 1003
For sale
$736,890
W412 10828 139A STREET, surrey, British Columbia

W412 10828 139a Street

Surrey, British Columbia

Indulge in Surrey City Centre's vibrancy from your sought-after corner unit at Viktor, now sold out! Enjoy the bustling, pedestrian-friendly neighborhood, brimming with shops, parks, eateries, and the upcoming 140th St SkyTrain Station. This spacious home offers 2 beds, 2 baths, boasting high ceilings, wide plank laminate flooring, and chic dual-tone cabinetry. Bask in natural light, accentuating the elegant quartz countertops. Luxurious spa-like bathrooms feature oversized white tiles and soaking tubs. Benefit from one parking space and a $5,000 completion credit. Perfect for families or investors. Expected completion: July/Aug 2024. (id:48205)

2 Bedroom 2 Bathroom 864
For sale Open House
$729,000
68 15353 100 AVENUE, surrey, British Columbia

68 15353 100 Avenue

Surrey, British Columbia

Welcome to "The Soul of Guildford"! This charming 3-bedroom townhouse offers a cozy haven nestled in the t of Guildford, just moments away from the vibrant energy of the community. Featuring a thoughtfully designed layout, this residence provides ample space for comfortable living. The floor welcomes you with an inviting living area, ideal for relaxation or hosting gatherings with loved ones. Upstairs, you'll find 2 bedrooms, each offering a peaceful retreat for rest and relaxation. Conveniently situated near TnT Supermarket, Guildford Mall, schools, and parks, this townhouse offers the perfect blend of urban convenience and suburban tranquility. (id:48205)

3 Bedroom 2 Bathroom 1057
For sale
$724,900
66 10806 152 STREET, surrey, British Columbia

66 10806 152 Street

Surrey, British Columbia

End Unit in great location in Woodbridge. Three level townhome with 3 bedrooms and 3 bathrooms. Over 1600 square feet with spacious private yard off the living room. Home has some upgrades and a finished rec-room in the basement. Located in a family oriented complex with playground and an indoor pool. Well cared for complex handy to all Guildford amenities, transportation, schools and shopping. (id:48205)

3 Bedroom 3 Bathroom 1656
For sale
$720,000
411 10477 154 STREET, surrey, British Columbia

411 10477 154 Street

Surrey, British Columbia

Well-maintained penthouse condo sitting in the wonderful G3 Residences in the heart of Guildford. Bright and open 2 bedroom, 2 full bathroom NE CORNER & TOP FLOOR suite with 9'-10' ceilings throughout! Gorgeous open concept kitchen, eating area & living room with floor to ceiling windows to allow tons of natural light! Stainless Steel appliances, quartz counters, tile splash and soft close shaker style cabinetry. Cozy covered deck with views of the mountains! Includes 1 storage locker & 1 parking + tons of guest parking! Guest suite, & clubhouse includes a billiards & ping pong table. Steps away from Guildford Mall and one block from hwy 1. RENTALS ALLOWED! OPEN HOUSE MARCH 9/10 2-4PM (id:48205)

2 Bedroom 2 Bathroom 757
For sale
$719,900
25 15353 100 AVENUE, surrey, British Columbia

25 15353 100 Avenue

Surrey, British Columbia

Superb townhouse featuring 2 generously sized bedrooms plus a den, centrally located in Guildford. Enjoy the convenience of being within walking distance to Guildford Mall, TNT grocery, various shopping outlets, restaurants, and recreational facilities. With easy access to Highway 1 and nearby schools, this gem is situated in a secure gated complex. Inside, discover a spacious floor plan complemented by laminate flooring, stainless steel appliances including a gas stove, a sleek bar-style granite counter, and modern cabinetry. You'll also have the convenience of 2 side-by-side parking stalls and a locker. Additionally, residents can take advantage of the clubhouse amenities, which include a lounge, party room, pool table, and ping pong and strata fees includes GAS & HOT WATER! (id:48205)

2 Bedroom 2 Bathroom 1041
For sale
$719,000
108 15153 98 AVENUE, surrey, British Columbia

108 15153 98 Avenue

Surrey, British Columbia

Rarely available 1400+ sqft, sunny, southeast corner townhouse unit in the gated community of Glenwood Village. 2 bed, 2 bath +den w/2 sets of sliding doors leading to the outdoor garden area. Enjoy morning coffee in a sun-filled custom kitchen w/quartz counters + new stainless appliances. King-sized primary w/walk-in closet + 3 piece ensuite. Spacious open plan accommodates large furniture. Features hard surface flooring, in-floor radiant heat, gas fireplace. Updates include new/extended kitchen cabinetry, new kitchen/bath/laundry flooring, fresh paint, light fixtures, faucets + hardware. Residents enjoy clubhouse access w/guest suite. One parking + secured storage. One dog or cat permitted. Great location: Guildford Mall + Green Timbers Park, walk to schools + more! (id:48205)

2 Bedroom 2 Bathroom 1402
For sale
$715,890
E303 10828 139A STREET, surrey, British Columbia

E303 10828 139a Street

Surrey, British Columbia

CORNER UNIT! Live in the heart of the action! This stunning 2 bed, 2 bath,2 parking stalls, condo in Surrey Central puts you right where you want to be. Experience the best of urban living with shopping, dining, and easy transit access all at your doorstep. This stylish condo offers the perfect blend of comfort and convenience. Don't miss your chance to live it up in Surrey Centre.$5,000 decoration allowance credited at completion. (id:48205)

2 Bedroom 2 Bathroom 832
For sale
$714,890
E421 10828 139A STREET, surrey, British Columbia

E421 10828 139a Street

Surrey, British Columbia

Experience the vibrant heart of the Surrey City Centre in the SOLD OUT Viktor presale! Embrace a dynamic, walkable community filled with shops, green spaces, eateries, and the forthcoming 140th St SkyTrain Station. This spacious 1-bed sanctuary boasts soaring ceilings, lavish wide plank laminate floors, sophisticated dual-toned cabinets, generous storage, and exquisite quartz countertops in the kitchen. Indulge in the spa-like bathroom adorned with oversized white tiles and a deep soaker tub, blending functionality with elegance. Discover Viktor's curated collection of 254 European-inspired Studios, 1 & 2-bed homes, strategically situated near Surrey City Centre with easy access to SkyTrain, retail outlets, parks, and more! Call today for more info! (id:48205)

2 Bedroom 2 Bathroom 850
For sale
$714,890
W211 10828 139A STREET, surrey, British Columbia

W211 10828 139a Street

Surrey, British Columbia

Viktor is centrally located near Surrey City Centre & all amenities including SkyTrain and Retail. 2 Bedroom unit on the top floor one of the bigger 1 beds in the building. 864 sq ft inside and 66 sq ft balcony. (id:48205)

2 Bedroom 2 Bathroom 864
For sale
$709,900
43 19448 68 AVENUE, surrey, British Columbia

43 19448 68 Avenue

Surrey, British Columbia

This is the one! Your search for a spectacular 1133+ sq. ft Townhome ends here! WELCOME to the NUOVO Complex which is Centrally located in one of cloverdale's most desirable areas called CLAYTON. This 2 bed & 2 bath townhome comes with 2 large bedrooms upstairs & a very large living room to entertain your family & friends This Family-oriented townhome has an open floor plan on the main level, kitchen with stainless steel appliances , granite countertops, separate dining room with LOADS of sunlight, fireplace & a MASSIVE patio area that leads out to a private green belt area for enjoyment. This Pet-friendly complex is located near schools, Shopping,Transit & proposed skytrain.Easy access to ALL major routes. Just waiting for a new family to call this place HOME ! (id:48205)

2 Bedroom 2 Bathroom 1133
For sale
$709,390
W203 10828 139A STREET, surrey, British Columbia

W203 10828 139a Street

Surrey, British Columbia

Discover urban living at its finest in the heart of Surrey Central! This stylish 2 bedroom, 2 bathroom condo offers the perfect blend of comfort and convenience. With its prime location, you'll enjoy easy access to shopping, dining, and transit options. Don't miss out on this fantastic opportunity to experience the best of Surrey living! Interior: 821 Sqft, Exterior: 72 Sqft = 893 Sqft (id:48205)

2 Bedroom 2 Bathroom 821
For sale
$703,890
W402 10828 139A STREET, surrey, British Columbia

W402 10828 139a Street

Surrey, British Columbia

Viktor is centrally located near Surrey City Centre & all amenities including SkyTrain and Retail. 2 Bedroom unit on the top floor one of the bigger 1 beds in the building. 864 sq ft inside and 66 sq ft balcony. (id:48205)

2 Bedroom 2 Bathroom 864
For sale Open House
$699,900
58 14855 100 AVENUE, surrey, British Columbia

58 14855 100 Avenue

Surrey, British Columbia

UNDER MARKET VALUE AND PRICED TO SELL! CORNER UNIT, The Hampstead Mews, a one of a kind quiet family community, featuring TWO outdoor swimming pool, and TWO tennis courts, exercise centre (brand new equipment coming!), club house, guest suite and much more. The cozy and beautiful home features 2 beds + 2 baths + BEDROOM SIZED DEN w/separate entrance, perfect as THE starter home, or one to downsize into. Within the Bonaccord Elementary and Johnston Heights Secondary catchment, Guildford Town Centre, Supermarkets (Superstore, Hanam & T&T), restaurants, banks, doctors and all within minutes' reach too. Open Houses Thu, May 9, 4:30-6:00pm, Sat/Sun, May 11/12, 1-3PM. Offers due Wed, May 15, 2:00pm (id:48205)

2 Bedroom 2 Bathroom 1169
For sale Open House
$699,900
520 10838 WHALLEY BOULEVARD, surrey, British Columbia

520 10838 Whalley Boulevard

Surrey, British Columbia

Rare large PENTHOUSE unit at Maverick! This highly desired corner unit features 1145 sq. ft. of living space, and HUGE 21'X11' outdoor balcony, 3 bed, 2 bath desirable views! PLUS 2 SIDE BY SIDE PARKING SPACES & 1 storage. This UPSCALE unit features 9 ft ceilings, high-end Yaletown like finishes, integrated appliances, counter depth bottom freezer/refrigerator, solid quartz countertops, extra large closet spaces, and housewares. Outstanding exclusive indoor & outdoor amenities. Skytrain is only a very short walk away. Live in Thriving Bolivar Heights! Link of interactive Matterport Walkthrough & the Autoplay: https://my.matterport.com/show/?m=tUJ7joDmaaJ. Open House: May 18 (Sat), 2:00-4:00 pm; May 19 (Sun) 12:00-2:00 pm. Offers if any, to be presented on May 21 at 5:00 pm.. (id:48205)

3 Bedroom 2 Bathroom 1145
For sale
$699,900
622 9456 134 STREET, surrey, British Columbia

622 9456 134 Street

Surrey, British Columbia

Location! Location! Location! Centrally located Quinn Complex by Porte Homes is steps away to both level of Schools, Sky Train Station, Surrey Memorial Hospital, and Surrey Central Mall. Interior Design by award winnig Portico features spacious and illuminated living and kitchen (Quartz Countertop & Island with breakfast bar for extra seating) with ample storage, closet space and large oversized windows. With total area of 905-929 sq.ft, the unit has a very functional contemporary layout that includes 2 bedrooms with a decent size Den, 2 full bathrooms and 1 Parkings & 1 bike locker included in the price. Additional parking can be bought. Anticipated completion - Summer of 2024. Unlock Your Dream Home with just a 10% deposit now! Seize the opportunity now to secure your new home. (id:48205)

2 Bedroom 2 Bathroom 785
For sale
$699,900
221 9456 134 STREET, surrey, British Columbia

221 9456 134 Street

Surrey, British Columbia

Welcome to Quinn, an expertly designed community by award winning developer Porte Homes and interior design by Portico. This large 2 Bed 2 Bath plus den offers a breathable living space, separated bedrooms, walk through closet in the primary, a large den perfect for a home office or pantry, and a flowing kitchen-dining-living space. Enjoy high ceilings, expansive windows, full-size SS appliances, a pantry wall, kitchen island, and more. Close proximity to Skytrain, schools, shops, services, and restaurants, and dozens of career and life opportunities in the heart of Central City. Estimated Completion Dec 2024 - Feb 2025. (id:48205)

2 Bedroom 2 Bathroom 879
For sale
$699,900
407 13458 95 AVENUE, surrey, British Columbia

407 13458 95 Avenue

Surrey, British Columbia

Your search for Home Ends with this Spacious, Corner 2 Bed/2 Bath Located just South of Surrey Central, Galilea is minutes away from the city's shopping, entertainment, universities, and parks. A quiet residential neighborhood with central city vibes is right outside your door at Galilea, giving you the best of both worlds in this dynamic community. Homes created with you in mind, kitchens at Galilea are designed with impressive quartz stone countertops, crisp backsplashes, polished chrome fixtures, and stainless steel appliances coming together to create a stylish foot ceilings, extra wide windows, as well as modern and textured laminate throughout. This home is located in park heaven, with 4 parks and a long list of recreation facilities within a 20 minute walk from this address. (id:48205)

2 Bedroom 2 Bathroom 802
For sale Open House
$699,888
28 9400 128 STREET, surrey, British Columbia

28 9400 128 Street

Surrey, British Columbia

FIRST TIME HOME BUYER ALERT! Great opportunity to own a Two storey 1168 sq. ft. TOWNHOME! Low Strata fee. Spacious rooms, lots of storage, fenced backyard, huge shed for storage and in-suite laundry. Central location, Very close to the Public Transport. Walking distance to school and Cedar Hills Shopping Centre. Ample visitor parking available. . Rear yard is fenced and private and also includes a well maintained shed. Open house Sun April 21 (1-3pm) (id:48205)

3 Bedroom 2 Bathroom 1168
For sale Open House
$699,000
23 15353 100 AVE AVENUE, surrey, British Columbia

23 15353 100 Ave Avenue

Surrey, British Columbia

Welcome to this gated, 3-level, 2-bedroom plus den townhouse in the center of Guildford. Steps to Guildford Town Centre, T&T, Walmart, Harold Bishop Elementary, Johnston Heights Secondary and public transit. Minutes to Green Timbers Park and Hwy 1. Open concept layout with a warm and inviting living and dining area. Fresh new paint, improved lighting and flooring. Storage locker, 2 underground parking stalls with plenty of visitor parkings. Book your private showing today! (id:48205)

2 Bedroom 2 Bathroom 1090
For sale
$699,000
407 6490 194 STREET, surrey, British Columbia

407 6490 194 Street

Surrey, British Columbia

Welcome to the Esplanade at Waterstone and to this unique 1 Bedroom and loft, penthouse apartment! These units do not come up often and this is the first time that this place has been on the market. Walk into this open floorplan and feel the grandeur of the 16 foot ceilings with large floor to ceiling windows! Features include an oversized patio that overlooks the greenbelt and park, the unique upstairs loft that can be used as a second bedroom, stainless steel appliances, open kitchen with lots of storage and an island for entertaining, and of course the central clayton location of this complex! On top of it all, enjoy the 15,000sqft amenities building featuring an indoor pool, hot tub, gym, Theatre Room, Guest suite, an entertainment room, and fire pit! Do not sleep on this one! (id:48205)

1 Bedroom 1 Bathroom 857
For sale Open House
$699,000
69 15353 100 AVENUE, surrey, British Columbia

69 15353 100 Avenue

Surrey, British Columbia

Location! The fully secured complex located in the heart of Guildford Town Center which is your one-stop shopping,dining, entertainment, and other leisure activities. Super convenient public transit. School catchments: Harold Bishop Elementary, Johnston Heights Secondary(an authorized IB Middle Years Programme (MYP) School and an authorized IB Diploma Programme (DP) school). Additionally, Mountainview Montessori Elementary school is also within walking distance. The corner unit features a functional living/dining/kitchen area in the main floor, Master and 2nd bedroom in the upper floor. The third bedroom in the lower floor has its own private bathroom, which is convenient for in-laws, teenagers or other ideas. 2 parking 1 locker. Act fast before it's gone! (id:48205)

3 Bedroom 3 Bathroom 1254
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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