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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
$754,900
28 19299 64 AVENUE, surrey, British Columbia

28 19299 64 Avenue

Surrey, British Columbia

Step into luxury at Greenfield Living in the Heart of Clayton Heights! This modern 2 bdrm, 3 bath 1166 sqft bright & spacious townhome defines fine living & invites you into a world of luxury & seamless organization with an open concept floor plan, fireplace, & built-in entertainment. The entertainer's kitchen features contemporary cabinetry, large island, stainless steel appliances, & quartz countertops. The master features a spa-like en-suite & a walk-in closet. Comes with a SIDE BY SIDE double garage. This location offers convenience by being near Langley Hub with quick access to restaurants, shops, cafes, parks, schools, walking distance to Willowbrook Mall, & future skytrain! Make it your modern suburban haven. Strata fee includes water. Welcome home! (id:48205)

2 Bedroom 3 Bathroom 1166
For sale Open House
$749,900
92 7088 191 STREET, surrey, British Columbia

92 7088 191 Street

Surrey, British Columbia

Welcome to "MONTANA" in Clayton Heights! This RARELY available, extremely well kept 3 bedroom, 2 bath townhouse is SURE to impress! Located in the BEST area of the complex with a view of the fountain and greenspace! Open & BRIGHT flowing floorplan w/large windows bringing in TONS of light! Absolutely STUNNING kitchen! Featuring laminate flooring, S/S appliances, granite counters, fireplace, large deck & patio. Enjoy your private, fully fenced yard with turf - perfect for enjoying those warm summer evenings! Double tandem parking and lots of visitor parking in this sought after complex. Hazelgrove Elementary School and Clayton Park are both just steps away. Perfect for Families. You can't beat this location! Open House: June 1st & 2nd between 11:00am - 1:00pm. (id:48205)

3 Bedroom 2 Bathroom 1242 sqft
For sale
$749,900
54 18983 72A AVENUE, surrey, British Columbia

54 18983 72a Avenue

Surrey, British Columbia

Welcome to your new home! This charming 2-bedroom, 2-bathroom townhome is perfect for modern living. Featuring an open floor plan with ample natural light, the spacious kitchen boasts plenty of cabinets and an oversized island, ideal for entertaining. The bedrooms are thoughtfully placed on opposite ends for privacy. Enjoy your morning coffee on the cozy balcony or unwind in the generous living area. With 2 covered parking stalls, convenience is guaranteed. This well-maintained home is ready for you to move in and start creating wonderful memories. Don't miss out on this opportunity (id:48205)

2 Bedroom 2 Bathroom 1243 sqft
For sale
$749,900
409 6490 194 STREET, surrey, British Columbia

409 6490 194 Street

Surrey, British Columbia

Discover luxury living - Esplanade Grande at Waterstone in Clayton Heights! This exquisite Loft-Style Penthouse boasts 2 beds, 2 baths, & a captivating open-concept design w/ soaring 17 ft. ceilings. Enjoy a spacious 112 sq ft covered deck offering serene views of lush greenspace. The kitchen features top-of-the-line LG S/S appliances, elegant full slab granite countertops, and a modern Espresso Dark scheme. Indulge in resort-style amenities including a swimming pool, hot tub, sauna, fitness center, Chef's kitchen, fireside lounge, billiard room, and private movie theater. Conveniently situated near transit, coffee shops, shopping, and dining options. This unit includes 2 side-by-side parking stalls and 2 storage lockers (with custom shelving). Pets and rentals welcome! (id:48205)

2 Bedroom 2 Bathroom 1140 sqft
For sale Open House
$749,800
17 16180 86 AVENUE, surrey, British Columbia

17 16180 86 Avenue

Surrey, British Columbia

Located in exceptional & well maintained "Fleetwood Gate" this three bedroom 2.5 bathroom townhome has a very spacious PRIMARY BEDROOM ON THE MAIN FLOOR, good size living room with gas fireplace & a formal dining area, kitchen with white European style cabinets & stainless steel appliances, eating area with skylight above & sliding door to private east facing patio area for the morning sun & a 2pce bathroom. Master bedroom has a true four piece bathroom (separate shower). Upstairs 2 good size bedrooms, an enclosed balcony & a full bathroom. Enjoy a large double garage and Fleetwood Gate has a RV Parking area, is centrally located & is very walkable to shopping, banking & transit. This is adult orientated complex (one spouse needs to be 55+) Open Sunday June 2 from 2 to 4pm (id:48205)

3 Bedroom 3 Bathroom 1627 sqft
For sale Open House
$749,000
65 9370 122 STREET, surrey, British Columbia

65 9370 122 Street

Surrey, British Columbia

Discover the perfect blend of comfort and convenience at this two-level, three bedrooms, and three bathrooms townhouse in Bonnydoon Village. Located in Queen Mary Park, this home is in close walking distance to Kirkbride Elementary, LA Matheson Secondary, parks, restaurants, shopping, and public transit. With over 1,500 sqft, the main floor features an expansive open/dining area, a cozy kitchen, a powder room, and laundry. The upper floor accommodates a 4 piece bathroom and three bedrooms, with the primary bedroom boasting a walk-in closet and a 2-piece ensuite. Large windows allow for ample natural light. Glass patio door leads to a fenced yard where you can enjoy your garden and BBQ. Or beat the summer heat with the outdoor swimming pool. Family-oriented, pet and rental friendly. (id:48205)

3 Bedroom 3 Bathroom 1546 sqft
For sale
$749,000
79 16233 83 AVENUE, surrey, British Columbia

79 16233 83 Avenue

Surrey, British Columbia

Beautiful & bright 2 bedrooms, 1.5 bathroom town home. Great location near shopping transportation and schools. Walk to community center, library and park. Spacious kitchen with granite counter and an eating area and large pantry for lots o f storage. Nice deck off the kitchen ideal for BBQ. 2 bedrooms and a 5pc bath up and a 2pc on the main floor. Double tandem garage with lots of storage that has access to the fenced back yard for the kids or your pets to play. Lots of visitor parking in the complex. Veranda, built an award winning builder Adera, has a very low strata fee and is located in the heart of Fleetwood, walking distance to shops, bus stop, restaurants, library, gym & much more. Call for your own showing. (id:48205)

2 Bedroom 2 Bathroom 1175
For sale
$749,000
82 8775 161 STREET, surrey, British Columbia

82 8775 161 Street

Surrey, British Columbia

Welcome to Your Dream Home! This Beautiful & Well Kept 2 Bed & 2 Bath Three Sorey Townhome in the Most Demanding & prime neighbourhood of Fleetwood Tynehead features with a very Spacious Living and Dining Area, Kitchen with Stainless Steel Refrigerator & Dishwasher. Very quiet location within the complex with a sunny private south backyard right off the main floor. Complex roof has been redone couple of years ago. Double tandem garage with extra storage at the back. Very Close walking distance to public and private schools, Shopping & Transit. (id:48205)

2 Bedroom 2 Bathroom 1251
For sale
$747,890
W318 10828 139A STREET, surrey, British Columbia

W318 10828 139a Street

Surrey, British Columbia

BONUS: 2 PARKING STALLS! 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 + Den, 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 925
For sale
$745,000
57 19477 72A AVENUE, surrey, British Columbia

57 19477 72a Avenue

Surrey, British Columbia

Welcome to your new home at Sun at 72! Quiet, family friendly neighbourhood with a private, fenced front yard and park-like, nature filled walkway. 2 parks/greenway right besides the complex. Weekly gardening included in strata fee, regular maintenance such as window washing, painting, overall well kept complex and grounds. You'll find a modern minimalistic aesthetic inside this lovely home, with spacious rooms and large, bright windows. Full driveway for that 2nd car! Close to all shopping and services. (id:48205)

2 Bedroom 2 Bathroom 1059 sqft
For sale
$742,390
E313 10828 139A STREET, surrey, British Columbia

E313 10828 139a Street

Surrey, British Columbia

Welcome to luxury living in the heart of Surrey! This brand new 2 bedroom, 2 bathroom condo, set to complete in June 2024 offers the ultimate in modern convenience and style. With top-notch amenities and a prime location within walking distance to the mall, restaurants, and recreational facilities, this highly sought-after condo building is already sold out. Don't miss your chance to secure your place in this vibrant community! (id:48205)

2 Bedroom 2 Bathroom 864
For sale
$739,900
138 19433 68 AVENUE, surrey, British Columbia

138 19433 68 Avenue

Surrey, British Columbia

Check out this cozy 1190+ ft.² 2 Bed, 3 Bath + Den/Office townhome at The Grove in Clayton. This end unit home offers 9' ceilings & lots of windows for loads of natural light. The main floor features: living room w/ built ins, dining room & kitchen with large island, S/S appliances plus the large 14' x 9' deck just steps out of the kitchen. Upstairs are 2 bedrooms, 2 full baths & laundry. The home office/den and a 1/2 bath are on the lower floor. Parking for 2: single garage (EV charging ready) + large pad. Complex amenities include: 2 clubhouses, 2 gyms, mini indoor floor hockey rink, theatre room & outdoor pool. Minutes from Hwy 1 & near the future Skytrain station! Walking distance to everything: grocery, the mall, breweries, parks & Katzie Elementary. (id:48205)

2 Bedroom 3 Bathroom 1192 sqft
For sale
$739,900
507 13458 95 AVENUE, surrey, British Columbia

507 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 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
$739,785
253 9452 PRINCE CHARLES BOULEVARD, surrey, British Columbia

253 9452 Prince Charles Boulevard

Surrey, British Columbia

Welcome home to this spacious, 2-storey, 1,502 sq. ft. 3 bedroom, 2 bathroom Townhome in Prince Charles Estates. Features include new paint throughout, 2 large bedrooms, an opposing 17 x 12 primary bedroom privately separated by oversized laundry-room and full washroom located on top floor. Perfect for your family needs! Large private fully fenced back yard great for the kids and entertaining. Complex amenities include Club House, Gym, Sauna/Steam-room, & Tennis Courts. Centrally located, within walking distance to shopping, transit and schools. Act Fast this one won't last! (id:48205)

3 Bedroom 2 Bathroom 1502 sqft
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
$737,000
415 15385 101A AVENUE, surrey, British Columbia

415 15385 101a Avenue

Surrey, British Columbia

Rare and luxury unit in well maintained strata. Corner penthouse unit in 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 sqft
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 sqft
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
$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 sqft
For sale
$724,900
25 19448 68 AVENUE, surrey, British Columbia

25 19448 68 Avenue

Surrey, British Columbia

NUOVO in Clayton: 2 bed, 2 bath town home with all the luxuries. Stainless steel appliances, washer & dryer, laminate flooring on main, granite counters in kitchen and bathrooms, corner gas fire place, 2 inch window blinds, large covered deck on south side over looking fenced yard. Across the street from Katzie Park and close to shopping and schools. Pets allowed! (id:48205)

2 Bedroom 2 Bathroom 1213 sqft
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 sqft
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
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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