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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
$629,000
8 14834 100 AVENUE, surrey, British Columbia

8 14834 100 Avenue

Surrey, British Columbia

Welcome to High Point Court...a gated complex in the heart of Guildford. Location is everything with this one! This well-maintained complex is steps away from Guildford mall, dining, recreation & more! This spacious upgraded ground floor unit has huge master with walk in closet and large Ensuite. Extra windows and light in this end unit with bright kitchen that opens up to a spacious dining area & large pantry. The cozy living room features a gas fireplace with large window, and doors opening up to a private patio & spacious yard. Large formal dining area. Covered carport - located right outside your front door. Steps to public transport and minutes to all shopping. Treat to show (id:48205)

2 Bedroom 2 Bathroom 1250
For sale
$628,888
117 15380 102A AVENUE, surrey, British Columbia

117 15380 102a Avenue

Surrey, British Columbia

Welcome to Charletown Park ,2 bedroom and 2 bath ground floor with private yard .This feature an open layout living and dinning area ,Laminated flooring ,throughout ,electric fire place ,granite counter tops, stainless appliances, amenities include club house, outdoor swimming Sauna/Steam Room, Swirl pool/Hot Tub suite ,Guess suite. Close to Guildford mall, Shopping center, park ,public transportation ,recreation area. Library and easy access to hwy 1.STILL AVAILABLE (id:48205)

2 Bedroom 2 Bathroom 935
For sale Open House
$625,000
410 10088 148 STREET, surrey, British Columbia

410 10088 148 Street

Surrey, British Columbia

Bloomsbury Court, nestled in the Guildford Park Place community with resort-style amenities. Developed by Henderson Development (Canada), Conveniently located just minutes from Guildford Mall, Landmark Theatre, restaurants, schools, and parks. This top-floor penthouse spans 974 SQ.FT and feat. 2 BDRMS, 2 BATHS, plus den for extra space or office/playroom. Upgrades incl. Newer light fixtures, laminate flooring, w/ 9-ft. ceilings, enhancing the open-concept layout. The kitchen boasts quartz countertops, updated stainless steel appliances, and a built-in microwave. The primary bedroom offers extra space for flexibility. Enjoy luxurious amenities such as a gym, tennis courts, swimming pool, on-site caretaker, sauna, and recreation room. 1 car parking included. (id:48205)

2 Bedroom 2 Bathroom 974
For sale
$624,000
517 10838 WHALLEY BOULEVARD, surrey, British Columbia

517 10838 Whalley Boulevard

Surrey, British Columbia

BEST IN THE BUILDING | MAVERICK. Celebrating a unique + well appointed home in the heart of Surrey's revitalizing entertainment district. Boasting an wide, bright+airy plan inc/2 spacious beds opposite of living area + 2 baths AND huge patio set over courtyard - doesn't feel crowded! This plan lives much larger than it reads! Luxury designer features top to bottom. Enjoy Chef inspired kitchen, modern contemporary finishing throughout. Most importantly - high quality 2021 build by reputable developer. Parking stall + storage locker. INCOME! Turnkey investment w/reliable tenant! BONUS huge Indoor+Outdoor Amenities Space/Gym/Yoga/Clubhouse/Billiards/Garden Plots & More! All set in a new master-planned, arts & culture-focused neighbourhood poised to redefine urban living in the area. MUST SEE! (id:48205)

2 Bedroom 2 Bathroom 829
For sale
$620,000
201 16137 83 AVENUE, surrey, British Columbia

201 16137 83 Avenue

Surrey, British Columbia

SPECTACULAR CORNER UNIT in the Fernwood. Delighted to introduce this stunning 2 bedrooms 2 bathrooms Corner unit. Recently renovated with painted throughout, new floorings and new appliances. Located in the centre of Fleetwood makes it just steps to transit, schools and shopping. Close to Walnut Road Elementary, Fleetwood Community Center, Fleetwood Park Village Surrey Sport & Leisure Complex, restaurants, Fresh Street Market. Two side by side large parking spots and storage locker. Perfect home for small family or investors looking for rental income. (id:48205)

2 Bedroom 2 Bathroom 1032
For sale
$619,000
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
$618,000
104 6420 194 STREET, surrey, British Columbia

104 6420 194 Street

Surrey, British Columbia

Luxurious living at the Waterstone! This beautifully maintained garden level 2 bedroom, 1 bathroom PLUS den is move-in ready! This open concept home has stainless steel appliances & granite counter tops. Two well appointed bedrooms on opposite sides of the living room for added privacy. Enjoy the evenings on your private patio. This home comes with 2 parking & 2 lockers. No need for a gym membership when you have 15000 square feet of amenities complete with a guest suite, indoor pool/hot tub, sauna, steam room, gym, lounge, games room, theatre room & a conference room. SHOWINGS BY APPOINTMENT ONLY. (id:48205)

2 Bedroom 1 Bathroom 899
For sale
$615,000
127 15268 105 AVENUE, surrey, British Columbia

127 15268 105 Avenue

Surrey, British Columbia

Optimal & large 2 bedroom, 2 bathroom condo unit available in the highly sought-after Georgian Gardens in central Guildford, Surrey! Bright and clean with laminate flooring, crown moulding, large European-style windows, and in-suite laundry. Uniquely, a wrap around balcony encircles the master bedroom and living room - great for barbequing or enjoying a relaxing cup of tea! The kitchen has ample storage and a spectacular view of the courtyard greenspace. Open living area includes dining room and living room which has gas fireplace and is thermostat controlled. Unit includes parking and storage locker. Walking distance to Guildford Town Centre, Guildford Library, Recreation, Aquatic, and Medical Center. This ordinary beauty won't last - inquire now!! (id:48205)

2 Bedroom 2 Bathroom 1151
For sale
$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! (id:48205)

2 Bedroom 2 Bathroom 847
For sale Open House
$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. Open house Sunday May 12, 2024, 2:00-4:00pm. (id:48205)

2 Bedroom 2 Bathroom 747
For sale
$610,000
204 9970 148 STREET, surrey, British Columbia

204 9970 148 Street

Surrey, British Columbia

Welcome to Highpoint Gardens in Guildford! This second-floor unit offers two bedrooms and two baths, boasting a bright and spacious layout. The large primary bedroom features a large walk-in closet, while the dining room and breakfast nook cater to diverse dining preferences. Enjoy amenities like a swimming pool and hot tub, along with one parking space and storage locker. Conveniently located near parks, transit, shopping, schools, and restaurants, this is an opportunity not to be missed. Contact today! (id:48205)

2 Bedroom 2 Bathroom 1297
For sale Open House
$609,000
210 19366 65 AVENUE, surrey, British Columbia

210 19366 65 Avenue

Surrey, British Columbia

Beautifully updated corner home in Liberty. This 2 bed/2 bath homes showcases pride of ownership. Gorgeous newer laminate flooring welcomes you into this well appointed home. Spacious primary bedroom with decorative shiplap, new closet organizers, and an updated primary ensuite with heated floors, new tile surround and rainfall showerhead. New washer and dryer! Fridge and dishwasher replaced in 2022. Nothing to do but move in here! Complex backs onto the most serene pathway surrounded by nature. Walk to all amenities, including Willowbrook Mall, Tim Horton's, Starbucks and more. Future Skytrain station at Willowbrook Mall! Rentals allowed. 2 pets allowed. Comes with 2 parking and 1 storage locker on the same floor as the unit. Open house May 18 & 19 2-4pm. (id:48205)

2 Bedroom 2 Bathroom 842
For sale Open House
$609,000
309 9299 121 STREET, surrey, British Columbia

309 9299 121 Street

Surrey, British Columbia

Welcome to Huntington Gate! Here we have a top floor unit with more than 1200 sq. ft. of useful living space. 2 bed / 2 full bath, and 2 parking . Property has been meticulously cared for over the years where the property feels newly renovated. Laminate floors in main living area with carpet in bedrooms. Stainless steel appliances in the kitchen with tiled flooring, skylight and walk-in pantry. Primary bedroom with face to face closets, oak and glass sliding doors and a beautifully updated ensuite bathroom inc. granite vanity and slate tiles. Also featuring a northern view w/mountains on the 115 sq. ft. balcony. Great location with nearby groceries and shopping, and easy access to Hwy 1 via Hwy 17 and Alex Fraser Bridge. Transit a block away with 5 min. commute to Scott Road Station. (id:48205)

2 Bedroom 2 Bathroom 1243
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 Sunday May 5 2-4 (id:48205)

2 Bedroom 2 Bathroom 747
For sale Open House
$599,999
203 19340 65 AVENUE, surrey, British Columbia

203 19340 65 Avenue

Surrey, British Columbia

This sophisticated 2 bed + 2-bath at Esprit in Southlands showcases an elegant open-concept design, featuring a spacious living area complete with an electric fireplace, windows that flood the space with natural light, and a dining area that seamlessly transitions to a covered deck. Kitchen is equipped with updated ss appliances, granite countertops, a large window that frames the outdoor scenery, and a generous sized island. Strategically positioned bedrooms on opposite ends of the unit ensure maximum privacy, with the primary bedroom boasting a 4-piece ensuite bathroom and an additional 3-piece main bath. Storage locker and two secure underground parking spaces. OPEN HOUSE MAY 5TH (1-4PM) (id:48205)

2 Bedroom 2 Bathroom 861
For sale
$599,900
117 10838 WHALLEY BOULEVARD, surrey, British Columbia

117 10838 Whalley Boulevard

Surrey, British Columbia

Welcome home to the Maverick! Located in the fast developing area of Whalley, this immaculate 2 bedroom home boasts 814 sf of quality living space. Featuring a bright open floor plan, stainless steel appliances and laminate flooring. Master bedroom with a nice ensuite. The second bedroom is great sized without a window. 219 sf patio overlooks the nice court yard. One parking space, one storage locker and beautiful amenities room with all sorts of functions. Close to transit, Skytrain, shopping, restaurants and more! (id:48205)

2 Bedroom 2 Bathroom 814
For sale
$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. (id:48205)

2 Bedroom 1 Bathroom 1261
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
$599,888
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 Open House
$599,000
23 18855 72 AVENUE, surrey, British Columbia

23 18855 72 Avenue

Surrey, British Columbia

Note the low strata fee with A/C featured unit. 1 storey on the ground floor stacked townhome unit. 2 bedroom + 1 bath. It features open concept and high ceilings. This home will be magazine worthy. Modern kitchen with quartz central island 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. (id:48205)

2 Bedroom 1 Bathroom 686
For sale
$599,000
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'x7' 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 716
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, May 4 between 1-3 pm (id:48205)

2 Bedroom 1 Bathroom 930
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
$598,880
410 18818 68TH AVE AVENUE, surrey, British Columbia

410 18818 68th Ave Avenue

Surrey, British Columbia

Welcome to Calera at Clayton Village! Beautiful top floor, corner, west facing unit featuring 2 bedrooms and 2 baths plus a mini bar/work station. Located in the fabulous neighborhood of Clayton Village. Calera makes living easy with shopping and daily necessities located at your doorstep at Clayton Crossing and 1/2 block from the future skytrain. K - 12 schools just up the street, and quick access to major transportation hubs. Fabulous amenities include expansive landscaped courtyard, fireside amenity room with billiards and media room and well equipped gym. Home comes with 2 parking stalls and 1 storage locker and allows for 2 pets with no size restriction. Shows 10 plus. Call today! (id:48205)

2 Bedroom 2 Bathroom 765
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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