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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
$499,900
110 13678 GROSVENOR ROAD, surrey, British Columbia

110 13678 Grosvenor Road

Surrey, British Columbia

Welcome to BALANCE:- Central Surrey's modern solution for space, location and style. #110 is the ONLY 2-bdrm suite in this building! The home boasts an efficient layout with laminate floors, over-height ceilings, and in-suite laundry. MINUTES AWAY FROM GATEWAY STATION. Offering a bright open floor plan w/a large, covered patio with WALK UP ACCESS. A large kitchen w/white embossed soft close cabinetry, FULL SIZE fridge & DW, s/s range & CONVECTION OVEN! High-end laminate w/light, neutral color scheme throughout. Only minutes from Surrey's becoming City Centre including skytrain, transit and major traffic routes. BALANCE is nestled away, surrounded by a residential community providing you the comforts of home and the convenience of city living. SECURED STORAGE INCLUDED. Call today! (id:48205)

2 Bedroom 1 Bathroom 665 sqft
For sale
$499,900
109 14960 102A AVENUE, surrey, British Columbia

109 14960 102a Avenue

Surrey, British Columbia

Welcome to The Max! This vibrant property located in the heart of Guildford is ideal for investors and first-time buyers. Within steps of Guildford mall, TNT, Landmark Cinemas, and more, its central location offers convenience. The unit features over 700 sqft of living space with 9' ceilings, an open concept layout, 1 bedroom, 1 bathroom, and a den. Enjoy luxury living with laminate floors, acrylic cabinets, granite counters, and stainless steel appliances. The pet-friendly building allows for one dog not more than 15kg or a cat and welcomes rentals. Amenities include a party room with a pool table. The unit comes with 1 parking spot and 1 storage locker. Ideal for families, it falls within the school catchments of Hjorth Road Elementary and Guildford Park Secondary. (id:48205)

1 Bedroom 1 Bathroom 735 sqft
For sale
$499,900
120 9635 121 STREET, surrey, British Columbia

120 9635 121 Street

Surrey, British Columbia

Welcome to Chandlers Hill North Surrey. This roomy one bedroom boasts over 900 sqft of living area and a sunny west facing garden level patio overlooking the private court yard. You'll love the layout of the spacious condo-home it's large enough to bring all your "house-sized" furnishings. The bay window in the living room adds a special touch to any decorating style and the efficient galley style kitchen features a pass-thru to the living room. You have plenty of extra storage in the ensuite laundry room. 1 secured underground parking stall included, extra parking for rent for $15 per month, storage lockers for rent $10 (currently waitlisted). 2 pets welcome (small dogs/cats). Commuting is a breeze with the new Rapidbus to Scott rd Skytrain station and transit hub. (id:48205)

1 Bedroom 1 Bathroom 902 sqft
For sale
$499,900
113 13458 95TH AVENUE, surrey, British Columbia

113 13458 95th Avenue

Surrey, British Columbia

This 1 Bed + 1 Bath dark colour schemed home at Galilea comes with a laminate upgrade in the bedroom ($1000), 1 Parking, 1 Micro-Storage Locker ($2500), and a fitness centre within the building! 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. (id:48205)

1 Bedroom 1 Bathroom 549 sqft
For sale
$499,900
411 9983 E BARNSTON DRIVE, surrey, British Columbia

411 9983 E Barnston Drive

Surrey, British Columbia

Welcome to this spacious 1 BEDROOM+DEN home at Coast in the coveted Fraser Heights neighbourhood. This near new home features a bright open floorplan with airy 9' CEILINGS, quartz countertops, marble inspired tile backsplash, stainless appliances, and modern fixtures and finishes. Comes with 1 parking, 1 storage and balance of the 2-5-10 warranty. Located minutes to Guildford Mall, Pacific Academy, parks and easy Freeway access to Vancouver. Don't miss out on this one! (id:48205)

1 Bedroom 1 Bathroom 620 sqft
For sale
$499,888
210 9668 148 STREET, surrey, British Columbia

210 9668 148 Street

Surrey, British Columbia

Hartford Woods! This complex features a Resort-style design with courtyard vistas. 1 bedroom + den, quiet location , Ideal floorpan with a generously sized primary bedroom, den, and a dedicated laundry room. Updated stainless dishwasher and fridge and light cabinet package in the kitchen area.The building has undergone recent rain-screening including new fencing, decks, windows, and siding. amenities featuring outdoor pool, Clubhouse, Gym, Sauna and Hot Tub. (id:48205)

1 Bedroom 1 Bathroom 680 sqft
For sale
$499,888
E423 10828 139A STREET, surrey, British Columbia

E423 10828 139a Street

Surrey, British Columbia

Spacious 653sqft one bedroom unit plus 60sqft balcony on the Floor next to the Elevator. Beautiful kitchen with lots of cabinets including an Island. In-suite laundry. Underground parking available. Almost ready to move in. Completion June/July 2024. Central location in Whalley. Best chance to acquire this well priced unit. (id:48205)

1 Bedroom 1 Bathroom 653
For sale
$499,800
205 10662 151A STREET, surrey, British Columbia

205 10662 151a Street

Surrey, British Columbia

Welcome to Lincoln's Hill, located in the heart of Guilford! Walking distance to Guidlford Town Centre and Guildford Recreational Centre, public library, restaurants, transit, services, and more! Plus, quick access to Hwy 1. You'll find this spacious and well maintained 2 bedroom 1 bathroom home overlooking the peaceful inner courtyard. Both bedrooms offer ample of space and can fit a king size bed. Move in just in time for summer to enjoy barbecue outside your own large balcony overlooking the maple trees or enjoy a peaceful walk in Lincoln's hill's beautiful tranquil garden. This home offers 1 parking space and 1 storage locker. See this beauty for yourself at the Open House May 12 2-4PM. (id:48205)

2 Bedroom 1 Bathroom 910 sqft
For sale Open House
$499,000
205 8733 160 STREET, surrey, British Columbia

205 8733 160 Street

Surrey, British Columbia

Welcome to The MANAROLA! This stunning 2-bedroom, 2-bathroom unit lives in the central location and an oversized Outdoor patio. Ready for move-in, it features a spacious open-concept living room, dining area, and kitchen with ample cabinets and quartz countertops. Conveniently situated just steps from a shopping mall, community center, Fruiticana, Dollarama, and various restaurants and cafes, you'll have everything you need within reach. Woodland Park Elementary and North Surrey Secondary. Great location, and kept like new. June. 18/21/23 1-4 PM. Open House. (id:48205)

2 Bedroom 2 Bathroom 840 sqft
For sale
$499,000
402 15848 FRASER HIGHWAY, surrey, British Columbia

402 15848 Fraser Highway

Surrey, British Columbia

INVESTOR INVESTOR INVESTOR.. This JR 2 BED home features a functional & open layout with great location in Fleetwood. Primary bedroom is spacious OVERSIZED windows that flows throughout offering plenty of NATURAL LIGHT, + huge walk-in closet. Bathroom has tons of counterspace with a bathtub/shower combination. The Chef's kitchen has Samsung stainless steel appliances, quartz counter tops, Laundry has upgraded Samsung stackable with storage. Less than 1 year old & NO GST! The building has many amenities like a study room, gym, multi purpose room & kitchen area. Large storage locker. Low Strata ONLY 285.58 that comes with 36,000 SF+ exclusive amenity & a built-in daycare center. 2/5/10 warranty! Walkable to everything @ Fleetwood Town Center & steps to upcoming Skytrain! (id:48205)

2 Bedroom 1 Bathroom 606 sqft
For sale
$499,000
215 9952 149 STREET, surrey, British Columbia

215 9952 149 Street

Surrey, British Columbia

Incredible value in Tall Timbers! Spacious 2-bedroom unit with large balcony and scenic view. Features newer roof, fire system, balcony, and siding. Convenient location near schools, parks, and Guildford Town Centre. Quick access to Port Mann Bridge and Hwy 1. Secure underground parking.The building has a well-maintained contingency fund, ensuring financial stability and ongoing property maintenance. (id:48205)

2 Bedroom 1 Bathroom 877 sqft
For sale
$497,900
619 9456 134 STREET, surrey, British Columbia

619 9456 134 Street

Surrey, British Columbia

Another Porte quality constructed development. This reputable Developer is a local run business specializing in the building of low rise condos and townhomes. This efficient layout maximizes your living space. Light colour pallet chosen for this top floor unit, with over height windows, stainless appliances, upgraded laminate flooring in the bedroom, and full width balcony for lounging and barbecuing. Ammenities in the building are fitness centre, lounge for party rental, car wash stall rooftop lounge, garden & barbecue area. Close to Surrey Memorial, various schools, churchs, shopping and central to access roads or transit in any direction. (id:48205)

1 Bedroom 1 Bathroom 589 sqft
For sale
$496,900
425 9456 134 STREET, surrey, British Columbia

425 9456 134 Street

Surrey, British Columbia

Quinn by Porte, Best value for investment and first home buyers in Surrey Center! Minutes away from new UBC campus, universities, Surrey Memorial Hospital, shopping centre, T&T, skytrain & transits. Spacious and functional floor plan B6, 593 sqft one bedroom + den interior space, 8'10 high ceiling, plus a 83-100 sqft patio facing Queen Elizabeth Meadows Park enjoying the absolute privacy, view and sunlight! Open concept kitchen with full stainless steel appliances, huge kitchen island great for cooking and breakfast! 1 parking and 1 bike storage included. Completion Dec 2024 - Feb 2025. *Qualified first home buyers may be entitled to $9000 tax benefits* (id:48205)

1 Bedroom 1 Bathroom 676 sqft
For sale
$494,000
406 10644 151A STREET, surrey, British Columbia

406 10644 151a Street

Surrey, British Columbia

Welcome to Lincoln's Hill. This top floor 2 bedroom, 1 bathroom suite is situated in the highly sought-after heart of Guildford. This open layout condo features a bright and spacious interior that is abundant in natural light. The private patio overlooks the beautiful tranquil garden that surrounds you. Ideal for both first-time homebuyers and investors, this property is conveniently positioned within walking proximity to Guildford Mall, Guildford Rec Centre, supermarkets, schools, transit, and parks, as well as quick access to the Port Mann Bridge for Highway 1 commuters. Maintenance fee includes heat & hot water. Open House by appointment on Saturday & Sunday, June 15 & 16 from 2-4pm (id:48205)

2 Bedroom 1 Bathroom 909 sqft
For sale
$489,900
214 10530 154 STREET, surrey, British Columbia

214 10530 154 Street

Surrey, British Columbia

The end unit is equipped with in-suite laundry, a balcony, and a fireplace. It also showcases newer appliances and fresh paint, adding to its appeal and modern feel. The property is currently tenant-occupied, making it an attractive option for investors. The long-term tenant pays $1600 per month plus utilities and has expressed a desire to continue their tenancy. providing immediate rental income and stability. This unit presents a great investment opportunity with reliable rental income. (id:48205)

2 Bedroom 1 Bathroom 833 sqft
For sale
$489,000
206 14980 101A AVENUE, surrey, British Columbia

206 14980 101a Avenue

Surrey, British Columbia

CARTIER PLACE located in Guildford area.BRIGHT and SPACIOUS One bedroom One bath 781 sqft per Strata Plan. Cozy fireplace in living room. generous Master bedroom could fit in a King Size bed, with walk in closet. East facing balcony bright up the LR & DR. updates about 3 years ago are: new tiles, carpet, cabinet door and sink . Short walk to Green Timbers Park and Guildford Town Centre, Walmart, Landmark Cinemas, grocery stores, restaurants & shops. Easy access to Highway 1. School catchment: Bonaccord Elementary, Johnston Heights Secondary. (id:48205)

1 Bedroom 1 Bathroom 779 sqft
For sale
$489,000
W 618 10828 139A STREET AVENUE, surrey, British Columbia

W 618 10828 139a Street Avenue

Surrey, British Columbia

Coming near Surrey City Centre in May/July 2024, live at the SOLD OUT Viktor presale and enjoy the convenience of a thriving, walkable community filled with shops, parks, restaurants and the future 140th St SkyTrain Station! This large 1 bed home features high ceilings, luxurious wide plank laminate flooring throughout, elegant two-toned cabinetry, ample storage and stunning quartz countertops in the kitchen. Spa-like bathroom with oversized white tile and soaker tub is the utmost in function and style. Includes 1 parking. A collection of 254 European-inspired Studios, and 1 & 2-bed residences, Viktor is centrally located near Surrey City Centre & all amenities including SkyTrain, Retail, Parks. (id:48205)

1 Bedroom 1 Bathroom 591 sqft
For sale
$488,290
W519 10828 139A STREET, surrey, British Columbia

W519 10828 139a Street

Surrey, British Columbia

Viktor is one-bedroom unit with 547 sqft of space. It is positioned to overlook the garden and conveniently share the same floor as the 5th amenities, providing easy access. The layout offers a well-designed and spacious environment. It is located close to Surrey City Centre and provide convenient access to SFU and UBC. (id:48205)

1 Bedroom 1 Bathroom 547
For sale
$485,900
1108 10082 148 STREET, surrey, British Columbia

1108 10082 148 Street

Surrey, British Columbia

If you like views and sunshine you'll love this well priced 1 Bedroom and Den (currently being used as a 2 bedroom) in Guildfords favorite concrete highrise building 'The Stanley' This 11th floor unit sits on the South East corner and gives 180 degree views! Updated kitchen with white shaker cabinets, stainless appliances, laminate floors throughout, fresh paint and recent updates to both bathrooms including cabinets and counters! Loads of windows to take in the views, updated washer dryer in suite, indoor and outdoor pool, tennis courts and gym, storage and workshop space. 1 parking, pet friendly building. Very convenient location and short walk to Guildford mall and all levels of shopping. OPEN HOUSE Saturday June 15th 12-2pm. (id:48205)

2 Bedroom 2 Bathroom 900 sqft
For sale
$484,900
218 13458 95 AVENUE, surrey, British Columbia

218 13458 95 Avenue

Surrey, British Columbia

You will love the location and layout of this home! LOCATION: Located in a quiet residential area steps away from Queen Elizabeth Secondary School and Queen Elizabeth Meadows Park. Within a 17-min-walk radius, you have King George SkyTrain Station, AHP Matthew Elementary, the future UBC Surrey Medical campus, Surrey Memorial Hospital, Western Community College, 99 Nursery and Florist, the massive along with restaurants, coffee shops, dental clinics etc. Don't want to walk? Walk a mere 1 block to King George blvd and catch a rapid bus that connects you to the SkyTrain and bus hub! THE LAYOUT: a spacious and comfortable 1-bed 1-bath layout w/ kitchen island and space for dining. This home comes with 1 parking and 1 storage! GST included in price. Est. Completion Jan-Apr 2025. (id:48205)

1 Bedroom 1 Bathroom 515
For sale
$479,999
310 10680 151A STREET, surrey, British Columbia

310 10680 151a Street

Surrey, British Columbia

LOCATION! LOCATION! LOCATION! Embrace the perfect blend of comfort and convenience with this exceptional offering in the Lincolns Hill Complex. Ideal for first-time buyers, Investors or small families, this 2 bedrooms and 1 bath corner unit boasts 931 Sqft , positioned in the quiet area of the complex and west-facing, the unit is beautifully screened by trees, ensuring privacy and tranquility. The maintenance fee includes heat and hot water, providing added value and peace of mind. Indulge in the lush surroundings of the complex's stunning gardens. With walking proximity to Guildford Mall, transit, banks, the library, and the rec centre, as well as easy access to the Port Mann Bridge for Highway 1 commuters, this prime location offers unmatched convenience. Schedule a viewing today! (id:48205)

2 Bedroom 1 Bathroom 931 sqft
For sale
$479,500
306 10698 151A STREET, surrey, British Columbia

306 10698 151a Street

Surrey, British Columbia

LINCOLN'S HILL - In the heart of the highly sought-after vibrant GUILDFORD TOWN CENTRE. Spacious 2 bedroom with 4-piece bath TOP FLOOR condo. Excellent layout. Large bright bedrooms situated on opposite ends of the home. (interior photos taken prior to current occupancy) Private patio overlooks the lush green hedges that surround you. 1 parking, Outside, discover the beauty of the community's tree-lined walking paths and expansive green spaces, offering the perfect backdrop for a leisurely stroll to Guildford Mall, Recreation, Library, Pool, Bus Exchange, and Schools or a 2 minute drive to Hwy #1, You can't beat this PRIME LOCATION with convenient access to everything you need minutes away!... (id:48205)

2 Bedroom 1 Bathroom 918 sqft
For sale
$475,000
106 9942 151 STREET, surrey, British Columbia

106 9942 151 Street

Surrey, British Columbia

***Prime Location*** This 1 bed 1 bath South Facing Ground Floor Unit located in the heart of Guildford! The spacious living room opens to a private balcony with a gas BBQ hookup that provides the perfect place to relax and relish. The large windows let in an abundance of natural light. The master bedroom offers ample space and natural light. This condo also offers in-unit laundry. It also comes with 1 underground parking and 1 large sized storage locker. Conveniently located and is walking distance to Guildford Mall, transit, the shops including Walmart, T& T Market, banks and restaurants. Ideal for easy commutes, minutes away from highway 1. Very well maintained Strata Building and common areas moreover strata fee covers gas and hotwater. Don't miss this opportunity. Call Now! (id:48205)

1 Bedroom 1 Bathroom 799 sqft
For sale
$475,000
E109 10828 139A STREET, surrey, British Columbia

E109 10828 139a Street

Surrey, British Columbia

Attn: Pet Lovers, Parent with kids, first time buyer & Investor. Welcome to this 1 bedroom GROUND LEVEL 500+ sq ft unit w/ HUGE PVT 200+ sq ft YARD. Coming near Surrey City Centre this Summer 2024, live at the SOLD OUT "Viktor" & enjoy the convenience of a walkable community filled with shops, parks, restaurants and SkyTra n Station! Enjoy the MORNING SUN in this EAST facing condo w/ living room, dining room, and CHef's kitchen with lots of cabinets. $4000 CREDIT to the BUYER on COMPLETION, in-suite laundry & secured 1 PARKING is available. Some of the features incld. high ceilings, luxurious wide plank lamina e flooring throughout, amp le storage and stunning quartz countertops in the kitchen. Spa-like bathroom with oversized white tile and soaker tub is the utmost in function and style. (id:48205)

1 Bedroom 1 Bathroom 723 sqft
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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