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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
$1,448,000
11216 143A STREET, surrey, British Columbia

11216 143a Street

Surrey, British Columbia

Attention First Time Home Buyer Builder Developer this 10,200 square feet lot with appx. 78' frontage Potential to build duplex. This two story 2 bedroom house with extra large family room and spacious back yard for your summer party. Close to Invergarry Park, Guildford Town Centre, Central City, walking Distance to schools. Community Centre and Buses nearby. Quiet neighborhood of Bolivar Heights. Has Potential for 2-bedroom suit in unfinished basement. (id:48205)

3 Bedroom 1 Bathroom 2087
For sale
$1,425,000
9188 147 STREET, surrey, British Columbia

9188 147 Street

Surrey, British Columbia

Incredible Opportunity! 8100 sq. ft. Lot and 3 Bed, 3 Bath 2200 sq. Ft. House. Spacious living, dining, family, and rec rooms. Enclosed carport and workshop. Ample parking, near shopping & transit. New roof approx 5 years old. Development potential, OCP townhouse zoning. Schedule a viewing today. (id:48205)

3 Bedroom 3 Bathroom 2220
For sale Open House
$1,399,900
13653 112A AVENUE, surrey, British Columbia

13653 112a Avenue

Surrey, British Columbia

ALL ABOUT THE LOCATION: A lot with a rectangular, 72 Foot frontage, in-between two big three story houses. Super maintained home in Bolivar Heights with a view of the water & mtns. Loc. on a dead-end St., 1/2 Block to schools & transp. This home boasts a fully fenced yard. Basement has a separate entrance and is roughed in for a future in-law suite. Can easily add a mortgage helper, and much more. Don't miss out, these one-of-a-kind properties aren't available very often! (id:48205)

4 Bedroom 3 Bathroom 2175
For sale Open House
$1,399,900
15405 93 AVENUE, surrey, British Columbia

15405 93 Avenue

Surrey, British Columbia

Exquisitely renovated rancher on the Fleetwood/Guildford border in Berkshire Park. This 4 bed, 4 bath home offers elegant details throughout. New roof, laminate flooring, kitchen with stainless steel appliances, quartz countertops, and fresh paint. Features include a spacious living room with floor-to ceiling fireplace, vaulted cedar ceiling, and a family room adjacent to the kitchen. The master bedroom boasts an ensuite with a soaker tub and walk-in closet. Very well maintained private backyard. Close to schools, parks, and proposed Skytrain Station. Includes a 1 bedroom rental suite for additional income. Timeless charm meets modern upgrades in this remarkable home. Bonus feature- ideal driveway for RV Parking. (id:48205)

4 Bedroom 4 Bathroom 2047
For sale
$1,399,880
11132 148 STREET, surrey, British Columbia

11132 148 Street

Surrey, British Columbia

Incredible investment opportunity with future development opportunity with urban designation which supports 15 units per acre for future land assembly. Features include 5 bedrooms, 2 baths, 2 kitchens, basement entry home located in desirable Bolivar Heights neighborhood. The desirable property features front and rear lane access. "The URBAN designation is intended to support low and medium density residential neighborhoods. Residential uses within this designation may include a range of forms such as detached and semi-detached houses as well as ground-oriented attached housing including townhouses and row houses." Opportunity is knocking. Call today! (id:48205)

5 Bedroom 2 Bathroom 1912
For sale
$1,399,000
9582 155A STREET, surrey, British Columbia

9582 155a Street

Surrey, British Columbia

Well priced convenient located property. 6 bedrooms 3 kitchen 5 bathrooms for both owner and mortgage helpers. Property is in a nice cul-de-sac with a private fenced yard. Shopping Mall nearby, easy access to HWY 1, walking distance to elementary and high schools. (id:48205)

6 Bedroom 5 Bathroom 2331
For sale Open House
$1,399,000
11366 LOUGHREN DRIVE DRIVE, surrey, British Columbia

11366 Loughren Drive Drive

Surrey, British Columbia

Welcome to this beautiful two storey home located in Bolivar heights area with two bedroom suite as a mortgage helper ,6 bedroom and 3 full bathroom , Upstairs all stainless appliances with open kitchen, modern design kitchen cabinet and granite counter tops and updated light fixtures and Laminated flooring , Downstairs features 2 renovated bed rooms and one washroom with separate Laundry . Close to all the amenities, transportation, recreation , shopping center ,School and easy access to hwy 1. Great investment opportunity. Call to schedule the showing. Open house May 182024 Sunday between 2:00pm-4:00pm (id:48205)

5 Bedroom 3 Bathroom 2429
For sale Open House
$1,399,000
15357 96TH AVENUE, surrey, British Columbia

15357 96th Avenue

Surrey, British Columbia

Lovely three bed, two bath starter home in the established neighbourhood of Guildford. Light and air fill this home through loads of windows and patio sliding doors off the dining room and primary bedroom. Located on an oversized corner lot, there is room for everything here! Spacious, fully fenced front and back yards with mature plants including blueberries, apples, plums and grapevines. Extensively renovated approx ten years ago with vinyl windows, hard surface flooring, and spacious kitchen with granite countertops, tile floor, potlights, and stainless steel appliances. Roof is 12 years old. Includes laundry room with sink, and attached two car garage with additional parking. Transit and walk friendly location close to great schools, parks, and Guildford Mall. Open Sat/Sun May 4/5 2-4. (id:48205)

3 Bedroom 2 Bathroom 1925
For sale
$1,399,000
15420 96 AVENUE, surrey, British Columbia

15420 96 Avenue

Surrey, British Columbia

Fabulously located 4BR 3.5BTH residence. This home offers plenty of space to move about without losing its cozy atmosphere. Vinyl plank flooring flows from the open living room with a large picture window & rustic, stone-covered fireplace into your elegant, formal dining area. Your bright, eat-in kitchen features a newer fridge & stove along with access to a generous, private backyard - perfect for outdoor entertaining, playing fetch with the dog & weekend gardening. Upstairs is reserved for spacious bedrooms with new carpeting while separate-entry 1BR 1BTH on the main can be rented separately as a mortgage helper. Also updated: central A/C, hot water on demand, gutters & paint. Steps to both levels of schools, bus stops, Guildford Town Centre, Walmart & minutes to Highway 1. (id:48205)

4 Bedroom 4 Bathroom 2088
For sale
$1,399,000
15112 EAGLE PLACE, surrey, British Columbia

15112 Eagle Place

Surrey, British Columbia

Opportunity for Rental investment or First time buyers. This beautiful house has 6 bedroom 4 bathrooms with a large sunroom on main floor , recently updated, new floors, new pain ,new tiles. Siting on a big lot with no through road and in quiet neighborhood. Rented to very nice tenants. Close to Guilford shopping centre and easy HWY no.1 access and close to all other amenities. Total rental income is $6300 per month. 2+1 Mortgage helpers. Open House Sunday 2-4 pm March 3, 2023. (id:48205)

6 Bedroom 4 Bathroom 2274
For sale Open House
$1,398,111
14296 KINDERSLEY DRIVE, surrey, British Columbia

14296 Kindersley Drive

Surrey, British Columbia

WOW 11,508 SQUARE FOOT LOT AND FIRST TIME ON THE MARKET! ORIGINAL OWNER! Spacious over 1900 square foot three bedroom & two full bathroom rancher home with very large family room (potential for parent's living space?). As well as a double carport there is a HUGE DOUBLE GARAGE/SHOP (26' X 20') with its own subpanel & lane access perfect for tradesperson or a car enthusiast. This for the SMART BUYER because with Surrey's DENSIFICATION plans on the horizon a property of this size and with LANE ACCESS will likely allow for a substantial build. In the meantime it's a comfortable well maintained home with high efficiency furnace in a quiet neighbourhood yet not far from amenities and with transit nearby. This lovely home is good to live in, renovate, rent out or build your dream home. (id:48205)

3 Bedroom 2 Bathroom 1902
For sale
$1,359,000
14742 106A AVENUE, surrey, British Columbia

14742 106a Avenue

Surrey, British Columbia

Significant opportunity investors and builders. Perfectly placed home close to School, Bus stop and playground. House offers big spacious lot with quiet neighborhood and lush green streets. Lot has a perfect rectangular shape without any easement or right of way. Other amenities and recreation center are 8-10 minutes drive from the house. Tenanted property require 24 hour notice to show. (id:48205)

4 Bedroom 3 Bathroom 3864
For sale Open House
$1,350,000
13332 112A AVENUE, surrey, British Columbia

13332 112a Avenue

Surrey, British Columbia

Welcome to this original built home nestled in a serene neighborhood, offering Spacious living & breathtaking views of mountains & the city skyline. Very functional layout with generous size 4 bedroom, 3 bathroom perfectly complemented by its north-facing orientation, ensuring abundant natural light throughout the day. The master bedroom has an ensuite with its own private balcony. 3 additional bedrooms offer versatility for family members & guests, kitchen & breakfast nook area leading to covered deck w/views. 1 BEDROOM BASEMENT SUITE HAS ITS OWN ENTRANCE WITH PATIO. Easy access to King George Blvd., HWY 17, close to James Ardiel Elementary, Kwantlen Park Secondary, Port Mann & Patullo Bridge. Plenty of potential to build, hold, or invest. Property to be sold as is. (id:48205)

4 Bedroom 3 Bathroom 2384
For sale
$1,349,777
11070 WREN CRESCENT, surrey, British Columbia

11070 Wren Crescent

Surrey, British Columbia

Well maintained Nice clean 3 bed & Den, RANCHER. Perfect for someone who doesn't want to deal with stairs. Enjoy the cozy gas fireplace in the Large living room. Lots of light comes through the large windows. Updated windows, blinds, paint, roof, and furnace. Hardwood flooring throughout Detached 19x 23.5 sf garage plus 26'6x 16'7 carport. Lost of parking. Flat Rectangular lot with wide frontage of 66 sq. ft. in the most desirable up and coming area of popular Birdland. Large fenced backyard. Close to all the amenities. shopping, restaurants, good schools, Riverdale Elementary School, Guildford Park Secondary, transit and Hwy 1. Lots of New homes are being built on this peaceful street. Easy to Show! (id:48205)

3 Bedroom 1 Bathroom 1239
For sale
$1,325,000
11103 CALEDONIA DRIVE, surrey, British Columbia

11103 Caledonia Drive

Surrey, British Columbia

Renovated in 2018, this 1948 Bolivar Heights home in Surrey is a cashflow gem or a prime building lot, conveniently close to Guildford Town Centre and Central City. James Ardiel Elementary (K-7) and École Kwantlen Park Secondary (8-12) are catchment schools. Numerous parks and 9 recreation facilities within a 20-minute walk enhance the neighborhood. Public transit, including a street stop 2 minutes away and Gateway Station at 2.07 KM, makes city travel easy. Safety facilities, a fire station, police station, and hospital within 3.4 KM provide security. This 10,250 sqft property with a 66'ft frontage holds potential for a new-built home, 2-lot subdivision, or duplex-buyers advised to conduct diligence. A rare quarter-acre opportunity in Surrey's desirable area. This won't last, contact now! (id:48205)

5 Bedroom 3 Bathroom 1801
For sale
$1,299,999
15117 RAVEN PLACE, surrey, British Columbia

15117 Raven Place

Surrey, British Columbia

Great opportunity for those who are looking for a starter home or an investment property. Located in a family friendly neighbourhood, this very well kept and clean home features, 3 beds, 2 baths, approximately 1200 sq feet of living space, hardwood floors, updated windows, new hot water tank, and sits on 7385 sq foot, RECTANGULAR LOT. Enjoy Bbqs all year round on your 40 foot wide, fully covered, deck. Fully fenced and private back yard is great for the kids and for entertaining. Walking distance to transit, schools, parks, shops and Guildford Mall. (id:48205)

3 Bedroom 2 Bathroom 1160
For sale
$1,299,995
11287 134 STREET, surrey, British Columbia

11287 134 Street

Surrey, British Columbia

An investment property on a prime location "Unlimited potential awaits at this charming rancher property! Whether you're an investor seeking a prime opportunity or a dream looking to build your own custom home, this versatile piece of land has you covered." (id:48205)

6 Bedroom 1195
For sale
$1,299,000
11359 LOUGHREN DRIVE, surrey, British Columbia

11359 Loughren Drive

Surrey, British Columbia

Welcome to this much loved & well-maintained energy efficient home. The large CORNER lot gets sun from morning to evening. Spring to Fall evenings are highly enjoyable from the thoughtfully renovated deck. Family oriented hood has many young families & safe, spacious streets for kids to play. This well-built house has the following recent upgrades: kitchen, central A/C, windows, cold climate heat pump, insulation, range & hood, bathroom, deck, gutter, hot water tank, laundry. The 1 or 2 BDRM MORTGAGE helper is spacious. Well-maintained yard can be a delight with an existing garden and provides opportunity for creativity due to the slope and multi levels. Close to Guildford Library, Rec Center and Mall. The uniqueness of corner lot might provide future options for subdivision into 2 lots. (id:48205)

5 Bedroom 2 Bathroom 2106
For sale Open House
$1,299,000
15081 98A AVENUE, surrey, British Columbia

15081 98a Avenue

Surrey, British Columbia

Solid family home in family oriented neighbourhood. Great neighborhood, close to schools, Guildford shopping mall & transportation. New roof with transferable warranty, New flooring and paint, furnace replaced in 2009 and 2021 hot water tank. Basement is partly unfinished, come with your own ideas on how to make this home perfect for your family. Open house Sat/Sun, April 27 & 28th, 12-2pm. Offers as they come. (id:48205)

4 Bedroom 2 Bathroom 2086
For sale
$1,295,000
15026 PHEASANT DRIVE, surrey, British Columbia

15026 Pheasant Drive

Surrey, British Columbia

Attention Investors and Developers! This prime 7,400 sqft rectangular lot in North Surrey's Bolivar Heights is a gem. Situated near Guilford, it's surrounded by amenities and parks, making it ideal for families. With its dimensions of 60x123, this property is a perfect holding asset for future redevelopment. It provides convenient access to schools, transit, and shopping. Don't miss out on exploring this exceptional opportunity today! (id:48205)

5 Bedroom 2 Bathroom 2409
For sale
$1,285,000
11385 137A STREET, surrey, British Columbia

11385 137a Street

Surrey, British Columbia

BRAND NEW LISTING! This large 7925 sqft property in the highly desired Bolivar Heights area is a block away from two schools, parks, and minutes from shopping with easy access to HWY 1. Lots of windows allow the natural light to flow in. With a MASSIVE covered outdoor patio and deck, a fish pond and views that stretch from New Westminster all the way to Port Coquitlam including the Mountains, it's perfect for BBQ's and entertaining guests. This home is perfect to buy and rent or live in and rent.Viewings by appt only. 24 hrs notice needed for the suite. 3D Tour: https://show.youriguide.com/create?url=https%3A%2F%2Fyouriguide.com%2F11385_137a_st_surrey_bc Video: https://www.dropbox.com/scl/fi/qws9pkgdmll6d6u3gzb28/11385-137a-Surrey.mov?rlkey=4tfcy11o8w9s0ff746swjq8p4&dl=0 (id:48205)

2 Bedroom 2 Bathroom 1927
For sale Open House
$1,273,700
11426 141A STREET, surrey, British Columbia

11426 141a Street

Surrey, British Columbia

This renovated rancher is a gem! Situated on a sizable 8155 sq ft lot and nestled on a quiet no-through road, it offers the tranquility of backing onto a ravine, providing exceptional privacy. The meticulous care evident in the upgrades, from the commercial grade vinyl plank flooring to the fresh paint and trim, ensures a modern and inviting atmosphere throughout. With four bedrooms, there's ample space for a family or guests, while the new kitchen and appliances promise convenience and style. The bonus of a spacious deck with composite decking adds an outdoor oasis perfect for relaxation or entertaining. It seems like a wonderful opportunity to settle into a home without the hassle of renovating. OPEN HOUSE APRIL 27 FROM 2-4 PM (id:48205)

4 Bedroom 1 Bathroom 1310
For sale
$1,249,000
14710 101A AVENUE, surrey, British Columbia

14710 101a Avenue

Surrey, British Columbia

HOT HOT LISTING AROUND THE BLOCK! Asking price below the assessment value at $184,000! Don't miss out on this exceptional Invesment opportunity in WEST GUILDFORD! This gorgeous two-level single-family home, nestled in a peaceful cul-de-sac surrounded by beautiful greenery, features 3 bedrooms, 2 1/2 bathrooms, 2 kitchens, a sun deck ideal for outdoor relaxation, separate storage space, and single garage. Additionally, the property includes a separate bachelor suite, MTD helper. further enhancing its appeal and versatility. Enjoy the convenience of being within walking distance from the bus stop, Hjorth Road Park, and St. Luke Lutheran Church, as well as a short drive from amenities such as Guildford Rec Centre, Landmark Cinemas Guildford, and Walmart easy exit to Vancouver and much more. (id:48205)

3 Bedroom 2 Bathroom 1288
For sale Open House
$1,180,000
14766 101A AVENUE, surrey, British Columbia

14766 101a Avenue

Surrey, British Columbia

Check out this primely-located Guildford gem! This beautiful residence in the heart of Guildford offers an open living space with its three level split design - perfect for families! This 4 bedroom home features 3 bedrooms on the upper level and 1 bedroom downstairs, as well as a total of two full bathrooms. A rare abundance of parking in this corner lot makes it all-the-more convenient! Not to mention, the home is situated in a highly in-demand area due to its advantage of being at the epicenter of major shopping centers, restaurants, and more. Love to garden? This home is for you! Open house on Saturday, 18 May, 2024 from 2PM - 4PM. (id:48205)

4 Bedroom 2 Bathroom 1582
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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