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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
$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 sqft
For sale
$599,800
906 10082 148 STREET, surrey, British Columbia

906 10082 148 Street

Surrey, British Columbia

MOVE-IN READY! Check out this beautifully RENOVATED two bedroom in "STANLEY", situated in GUILDFORD. New QUARTZ countertops, backsplashes, potlights, light fixtures, handles-- you name it! BRAND NEW washer dryer and updated kitchen appliances! Fresh PAINTS and new SEAMLESS VINYL FLOORING as well! Check out the NORTH-EAST MILLION DOLLAR VIEWS of the city and MOUNT BAKER. This home is CENTRALLY located, near Guildford Town Centre, Surrey Central Mall, Superstore, Transit Routes and a BEAUTIFUL nature trail in Green Timbers Park. Great for families, downsizers and first time homebuyers. 2 parking stalls, 1 storage locker. (id:48205)

2 Bedroom 2 Bathroom 1150 sqft
For sale
$599,000
116 9635 121 STREET, surrey, British Columbia

116 9635 121 Street

Surrey, British Columbia

Prepare to be wowed by this kitchen! Fully remodeled in 2020 with all-new stainless steel appliances, white shaker-style cabinets and solid surface counters. From the whisper quiet dishwasher to the expansive island, it's the perfect spot to show off your cooking skills and host your next gathering. The whole suite has been updated with laminate floors and a fresh coat of neutral paint. You'll also find an in-suite laundry/storage room. Step outside to enjoy the spacious 20' x 7'7"east-facing garden patio with a private gate for private access. Walk to all levels of school, bus/skytrain, parks, shopping and restaurants. 1 secured underground parking included, extra parking for rent($15 per month). 2 pets welcome (small dogs/cats). *Some images have been virtually staged* (id:48205)

2 Bedroom 1 Bathroom 984 sqft
For sale
$599,000
123 10180 153 STREET, surrey, British Columbia

123 10180 153 Street

Surrey, British Columbia

Introducing Charlton Park at the edge of the city centre. This 2 bed, 2 bath, impeccably updated home features floor to ceiling windows in every room, 9ft ceilings, fresh paint, new flooring, lighting throughout & patio access from every room. Beautifully designed, the kitchen features updated cabinetry, quartz counters with large breakfast bar & newer appliances including fresh lighting. Primary bedrm offers courtyard views w/ access to the patio & features a walk-in closet w/ sliding barn door, 4 pce ensuite w/ updated vanity, lighting & flooring. Contemporary secondary bathrm w/ new accent tiling & vanity. Spacious secondary bedrm w/ private access to the patio & courtyard. Large living & dining areas w/ tastefully updated electric fireplace & access to private, fenced yard space. (id:48205)

2 Bedroom 2 Bathroom 903 sqft
For sale
$595,999
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 sqft
For sale
$595,999
102 15160 108 AVE, surrey, British Columbia

102 15160 108 Ave

Surrey, British Columbia

Welcome to RIVERPOINTE, a sought-after complex! This fully renovated ground floor 2-bedroom, 2-bathroom unit features an open kitchen with ample cabinets and counter space, a large master bedroom with a 3-piece ensuite and private balcony, in-suite laundry, a gas fireplace, a storage locker, and 1 parking spot (2nd parking available through strata). Enjoy amenities such as a social room, gym, sauna, swirl pool, and bike room. Rentals allowed, and up to 2 pets with no size restrictions. Centrally located near transportation, schools, parks, a recreation center, shopping, and Hwy #1 (id:48205)

2 Bedroom 2 Bathroom 1028 sqft
For sale
$595,000
302 9278 120 STREET, surrey, British Columbia

302 9278 120 Street

Surrey, British Columbia

Bright centrally located top floor centrally airconditioned unit. Shops, Public Transit and schools close by. Low strata fees $241.00 pm. Two underground parking spots. Currently rented at $2000.00/month on month to month basis. (id:48205)

2 Bedroom 2 Bathroom 933 sqft
For sale
$589,900
206 19320 65 AVENUE, surrey, British Columbia

206 19320 65 Avenue

Surrey, British Columbia

Located in Esprit in popular Clayton~ this thoughtfully laid out home offers 869 sq ft, with 2 bathrms & 2 bdrms, located on opposite sides for privacy. The kitchen includes lots of cabinetry, S/S appliances inc a new sink, microwave, dishwasher, & leads to the laundry rm, complete w/ storage! Head to the living rm for tv time & step out for a morning coffee to the large, covered deck facing green space that includes a retractable shade. Primary bdrm boasts a 4 pc ensuite that leads to the large walk in closet. The 2nd bdrm is well sized & there is another 4 pc main bth. New blinds, newer carpets in bdrms. The 2 side by side parking & 1 storage complete the pkg! Fabulous well managed complex w/ great amenities inc guest suite, club house & more! This location is close to all amenities! (id:48205)

2 Bedroom 2 Bathroom 870 sqft
For sale
$589,000
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 House Sunday September 15 2-4 (id:48205)

2 Bedroom 2 Bathroom 747 sqft
For sale
$588,000
218 15150 108 AVENUE, surrey, British Columbia

218 15150 108 Avenue

Surrey, British Columbia

Welcome to your new sanctuary in this beautiful 2 Bed 2 Bath 2 parking unit, boasting a spacious 1,057 sq ft of well-designed living space. Located in a prime area, this home offers unmatched convenience with quick access to Highway 1, making your commute a breeze. Enjoy shopping at the nearby Guildford Mall, savor a meal at a variety of local restaurants, or take advantage of the proximity to grocery stores for all your daily needs. This condo is not just a home; it's a lifestyle choice, combining comfort with accessibility. The well kept building enhances the appeal, offering a serene retreat amidst the hustle and bustle of daily life. Whether you're a first-time buyer or seeking an upgrade, this property perfectly blends modern living with convenience. Discover your new home today! (id:48205)

2 Bedroom 2 Bathroom 1057 sqft
For sale
$588,000
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 sqft
For sale
$588,000
105 9635 121 STREET, surrey, British Columbia

105 9635 121 Street

Surrey, British Columbia

Prime location! Perfect for First time buyers. This fully renovated 2 bedroom unit with over 995 sqft is ready to move in. Good size living and dining room, kitchen with brand new appliances. Big Master bedroom with walk-in closet with additional bedroom and full bath.! This unit has only 1 common wall for privacy. The ensuite laundry room has lots of space for extra storage. Pet friendly, rentals allowed. The complex is in a central location and just minutes to everything including shops, restaurants and transportation. Call for a viewing now! (id:48205)

2 Bedroom 1 Bathroom 995 sqft
For sale
$587,999
207 12083 92A AVENUE, surrey, British Columbia

207 12083 92a Avenue

Surrey, British Columbia

Welcome to this meticulously updated south-facing condo. It has 2 large bedrooms & 2 full bathrooms the open floor plan has large windows offering lots of natural light and space! Both the bedrooms are on the opposite side to maximize privacy. In-suite laundry with lots of storage. The Tamaran is located in the heart of diverse neighborhood Queen Mary Surrey bringing vibrant everyday living to your door with close day-to-day amenities such as transit, grocery stores, restaurants, shopping, schools & plenty of natural parks. It offers amenities such as a guest suite, bike room, exercise room and much more. 2 parking spots 68&71 close to elevator & 1 storage locker48 .Strata fee includes everything except bc hydro. OPEN HOUSE SAT/SUN 1-3PM by appointment only (id:48205)

2 Bedroom 2 Bathroom 982 sqft
For sale Open House
$584,999
1805 10620 150 STREET, surrey, British Columbia

1805 10620 150 Street

Surrey, British Columbia

Welcome to Lincoln's Gate located in the heart of Guildford. Walking distance to the Guildford Mall, Guildford Recreation/Aquatic Center, Cinemas, Walmart, T&T , Restaurants, Library etc and easy access to HWY 1. This complex offers great amenities like an outdoor pool, sauna room, and low strata fees and is steps away from the Holy Elementary School. If you are a first time home buyer or investor, this is a great opportunity to get this great offering with generous floor plan. The unit boasts a huge deck wherein you and your loved ones can relax and enjoy the tranquility that this area has to offer. Major renovations were done in 2024 with the kitchen, deck and bathrooms all renovated. Move in ready unit. Book an appointment today and experience this amazing offering. (id:48205)

2 Bedroom 2 Bathroom 1010 sqft
For sale
$584,999
103 12083 92A AVENUE, surrey, British Columbia

103 12083 92a Avenue

Surrey, British Columbia

Prime Location in an Exceptional Building! This ground-level 2-bedroom, 2-bathroom unit showcases a luminous and expansive maple kitchen with abundant cabinet and countertop space. Enjoy the open ambiance with 9' ceilings in the living room, complemented by a cozy gas fireplace. Step outside to a partly covered patio, along with an additional grass area, fully fenced and featuring a gate for visitors. Benefit from the convenience of 1 parking spots and dedicated storage. Centrally situated, this property is in proximity to transit, schools, and shopping centers. The maintenance fee covers gas, hot water, and gym access. Residents can take advantage of amenities such as a recreation room, guest room, alarmed storage, and underground parking. Ample visitor parking is available on both (id:48205)

2 Bedroom 2 Bathroom 820 sqft
For sale
$584,900
461 6758 188 STREET, surrey, British Columbia

461 6758 188 Street

Surrey, British Columbia

Welcome to CALERA At Clayton Village!! This CORNER 2 bed / 2 bath and a DEN Condo offers a great OPEN concept and all of the privacy of being on the top floor. This home offers S/S Appliances, quartz countertops and large windows offering bright light. The partly covered patio makes a great space for those summer BBQs and entertaining quests. Centrally located in one of the best locations in Clayton, close to schools, shopping, Fraser HWY and much more!! Showings by appoinments. (id:48205)

2 Bedroom 2 Bathroom 762 sqft
For sale
$584,000
105 9951 152 STREET, surrey, British Columbia

105 9951 152 Street

Surrey, British Columbia

Welcome to this beautifully updated 2-bed, ground-floor condo in the heart of Guildford! This move-in-ready home features premium German vinyl floors, crown mouldings, millwork and new paint throughout. The spacious living room with a gas fireplace and large windows, offers plenty of natural light. The modern kitchen boasts quartz countertops, stainless steel appliances, and durable and stylish lacquered cabinetry. Step onto the private deck overlooking private greenery. The spacious master suite includes custom closets, while the updated bathrooms and extra storage add convenience. Steps from Guildford Mall, rec center, schools, parks, and easy transit. Ideal for modern, convenient living! 1 parking, 1 storage, no dogs, 1 cat. (id:48205)

2 Bedroom 2 Bathroom 1018 sqft
For sale
$584,000
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, 1 bedroom plus den 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, July 20 between 12 - 2 pm. (id:48205)

2 Bedroom 1 Bathroom 930 sqft
For sale Open House
$579,999
308 9688 148 STREET, surrey, British Columbia

308 9688 148 Street

Surrey, British Columbia

Welcome to Hartford Woods!These seldom-available open-concept units are true gems.This 3rd floor Inside unit features over 1,100 sqft. of elegantly designed space.A hallway leads to a spacious living room with a gas fireplace and ample windows,a dining area, and a large chef's kitchen.The luxurious master bedroom includes an ensuite bathroom with a tub.The second bedroom, also generously sized, has its own balcony.The main balcony wraps around with a view. Enjoy secure underground parking, visitor parking, and a storage locker. Recreation facilities including an outdoor pool, hot tub, sauna & Exercise Center.Strata fees cover gas and water.Extend your outdoor living just across the street at Green Timbers Urban Forest Park with lots of walking trails. Open House September 21&22 (2pm to 4pm (id:48205)

2 Bedroom 2 Bathroom 1118 sqft
For sale
$579,900
202 7506 199A STREET, langley, British Columbia

202 7506 199a Street

Langley, British Columbia

Camden built by award winning Zenterra Developments! This Spacious 677 sq ft unit features 1 bed + 1 bath + Den with 1 parking and 1 storage locker. Samsung S/S appliance package, soft-close grey cabinetry, 9' ceiling, quartz counter tops, and large kitchen island. Laminate Flooring throughout. Near recreation, excellent schools, community park, shopping, Carvolth Park & Ride & future skytrain! Book your appointment today !! (id:48205)

1 Bedroom 1 Bathroom 677 sqft
For sale
$579,900
202 6815 188 STREET, surrey, British Columbia

202 6815 188 Street

Surrey, British Columbia

Gorgeous 2 bed, 2 bath in a prime location! This freshly painted unit features granite countertops, stainless steel appliances, a cozy fireplace, in-suite laundry, in-suite storage room, 1 parking spot, lots of natural light and a large east-facing balcony to enjoy the morning sun. Bedrooms are large and separated by your bright living room. Building features an amenity room and is literally steps away from all the amenities you can think of including restaurants, coffee shops, express transit to skytrain, parks, schools and more! Perfect for commuters, investors or first-time home buyers! (id:48205)

2 Bedroom 2 Bathroom 844 sqft
For sale
$578,000
111 6815 188 STREET, surrey, British Columbia

111 6815 188 Street

Surrey, British Columbia

Compass in Clayton Stunning Garden CORNER unit that feels like its own little house! 2 bdrm (on opposite sides for ultimate privacy), 2 bath home with bright 9' ceilings. Additional windows allow for lots of natural light and an open floor plan. Fireplace in this unit !! Modern kitchen with eating bar w /quartz counters and S/S appliances. Generous master suite w/walkthrough closet to ensuite. No need to enter through the main door as this unit has its private outside gate and entrance leading into a fenced green grass/yard for your potted plants and flowers, with a covered patio for year-round enjoyment! Great for pets and/or children. Pet-friendly complex and rentals allowed. Secure underground parking. Walk to schools, parks, dog parks, grocery stores, and coffee shops. (id:48205)

2 Bedroom 2 Bathroom 793 sqft
For sale
$576,000
202 9951 152 STREET, surrey, British Columbia

202 9951 152 Street

Surrey, British Columbia

Charming corner unit 2 bdrm, 1 full bath & a powder rm.. Recently updated with fresh paint, the unit is impeccably maintained and ready for new owners. Living rm. featuring a large window that allows natural sunlight to flood the room. A cozy gas fireplace provides a perfect gathering spot for family and friends during the colder months. The kitchen is designed for functionality, ensuring that meal preparation is a breeze. Adjacent to the kitchen, the dining room offers a seamless flow and includes a sliding door that opens onto a balcony. The primary bedroom has its own private balcony, offering a personal retreat for relaxation. Walking distance to essential amenities like T & T Market, Guildford Mall, Rec. center, which includes a swimming pool and library. Across the street from Johnston Heights Secondary. Call now to schedule a viewing! (id:48205)

2 Bedroom 2 Bathroom 1037 sqft
For sale
$574,900
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 plenty of storage in the unit. Huge patio spacious covered sundeck for entertaining. This strata includes an amenity building with a lounge/party room, bike room for its residents use. Unit comes w/ 1 underground parking stall. 2 Pets allowed, no size restrictions. Easy to show (id:48205)

2 Bedroom 2 Bathroom 793 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