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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
$1,987,650
13703 90A AVENUE, surrey, British Columbia

13703 90a Avenue

Surrey, British Columbia

Location! Location! 4,750 SF Built home on 7493 sq ft Lot, 8 Bedrooms. 5 Bathrooms in the Bear Creek neighborhood. Basement features Two bedroom Legal suite. Potential for another 2 Bedroom suite. Upstairs features 4 Bedrooms, 3 Bathrooms, Living Room, Dining Area, Family Room & sundeck. Very well maintained. Large yard. Lots of room for parking. Quiet neighborhood. Walking distance to Creekside Elementary School, Bear Creek Park, Queen Elizabeth Secondary, groceries, amenities and more! Must See! Potential for another 2 or 3 Bedroom suite . Please consult w/ City and contractors regarding the second suite. Open House - Sunday- 5 May -2-4 PM. Offers on 6 May at 2 PM. (id:48205)

8 Bedroom 5 Bathroom 4797
For sale Open House
$1,980,000
17082 102A AVENUE, surrey, British Columbia

17082 102a Avenue

Surrey, British Columbia

Location! Location! Location! Heart of Fraser Heights! Welcome to this custom-built home in popular cul-de-sac in PA neighborhood. This beauty offer spacious living & dining room with double patio door, gourmet kitchen with gas stove, long island perfect for any size of cooking and parties, computer desk, sunken family room with many windows overlooking beautifully landscaped PRIVATE backyard. Many skylights bring a lot of sunshine. 4 pieces full bath on main, den with bay windows can easily convert to a guest suite. Upstairs master bedroom with walking closet, double sized fireplaces. 3 more good sized bdrms. Newer hot water tank, new roof and gutter replaced in 2023. Walking distance to Pacific Academy, Bothwell Elementary School. Close to Hwy 1 and Hwy 17 entrance. A Must SEE! (id:48205)

4 Bedroom 4 Bathroom 3290
For sale
$1,950,000
12561 112A AVENUE, surrey, British Columbia

12561 112a Avenue

Surrey, British Columbia

Look no further! This amazing over 16000 sqft lot 132x122 corner lot, with subdivision potential is Commercial to this property and its open for a lot of ideas. Please check with city of Surrey. It's tenanted two different tenants. 6 bedrooms and 3 bath. Easy access to pattullo bridge and HWY 17. (id:48205)

6 Bedroom 3 Bathroom 1534
For sale
$1,950,000
9127 149 STREET, surrey, British Columbia

9127 149 Street

Surrey, British Columbia

Developer or Investor alert ! Great opportunity for low-rise development in the Fleetwood OCP. Please confirm with City of Surrey for land use plan. Lot size 6380 s.f. , 2188 s.f. split level home, with 4 bedrooms and 2/1/2 baths, double garage, hold or build . Convenient location ! Close to schools, shopping & skytrain. (id:48205)

4 Bedroom 3 Bathroom 2188
For sale
$1,949,900
19177 72A AVENUE, surrey, British Columbia

19177 72a Avenue

Surrey, British Columbia

First time on the market! Beautiful open floor plan with crown mouldings, coffered ceilings & 10 ft ceilings. Built by Legendary builders. Upgrades include vinyl plank flooring on main, carpets replaced with hospitality grade & Rockwool sound proofing insulation. Kitchen features large breakfast island, pantry granite counters, tile backsplash, stainless steel appliance & gas range. Powder room & den on main floor. 4 bedrooms up. 2 bedroom basement suite with side access & baseboard heaters. Basement media room could be converted to 3rd bdrm & 2nd bath for the suite. 2 bedroom coach house above double garage. Ample street parking & extra parking at back of laneway. Walking distance to schools, daycare, parks & community center. (id:48205)

9 Bedroom 7 Bathroom 4653
For sale
$1,949,000
9352 133A AVENUE, surrey, British Columbia

9352 133a Avenue

Surrey, British Columbia

Basement entry home, very quiet Queen Mary location close to both schools. Fully gated and fenced yard, over 7300 sqft lot, over 3900 sqft built area. 4 bedrooms (including 2 masters) and 3 full baths, huge family room, living/dining, designer kitchen, and spice kitchen all on top floor. One legal suite and one in-law suite on Main floor plus a theatre room with attached full bath. Granite counters throughout the house, radiant hot-water heat on both floors, cedar soffits, 2 legal driveways, wrap around veranda, B/I vacuum and security system. (id:48205)

8 Bedroom 6 Bathroom 4033
For sale
$1,940,000
16777 105 AVENUE, surrey, British Columbia

16777 105 Avenue

Surrey, British Columbia

Please find this well-maintained home in the best location of FRASER HEIGHTS. This single-family 2-level home is on a spacious 6211 sq ft lot. Carefully cared for & upgraded with custom granite counters in the kitchen and bathrooms. The top floor offers 4 bedrooms, including a MASSIVE master with WIC, luxury ensuite & breathtaking mountain views. 3 more LARGE bedrooms up & a separate bathroom. The main level has 10ft ceilings, large open great room incorporating the kitchen/family/dining area. Separate dining & living room, washroom, office. Beautiful hardwood floors leading out to the huge entertainer's deck with a built-in hot tub! The garage has EV charging. Steps away from Pacific Academy. Walking distance to PA schools & shopping. (id:48205)

4 Bedroom 3 Bathroom 2674
For sale
$1,925,000
9025 121 STREET, surrey, British Columbia

9025 121 Street

Surrey, British Columbia

Fully renovated custom built 2 storey home with 2 rental suites, with-in walking distance to both level of schools, Transit, Shopping. (id:48205)

6 Bedroom 5 Bathroom 3436
For sale
$1,916,500
13636 HOWEY ROAD, surrey, British Columbia

13636 Howey Road

Surrey, British Columbia

Development site in the Surrey Center Plan, designated for Low-Rise Residential Type II. The consolidated lot size is over 22,246 SQFT, on Howey Road, Larner Road & 13600 block. This rare consolidation offers TWO frontages, one along Howey Road and the second frontage along Larner Road. The The Gateway Skytrain Station is in about 10- minute walking distance. Contact the L.A. for more information. (id:48205)

4 Bedroom 2 Bathroom 2100
For sale
$1,900,000
13628 HOWEY ROAD, surrey, British Columbia

13628 Howey Road

Surrey, British Columbia

Development site in the Surrey Center Plan, designated for Low-Rise Residential Type II. The consolidated lot size is over 22,246 SQFT, right along Howey Road & 13600 block. The Gateway Skytrain Station is in about 10- minute walking distance. Contact the L.A. for more information. (id:48205)

3 Bedroom 2 Bathroom 1784
For sale Open House
$1,899,800
14949 96 AVENUE, surrey, British Columbia

14949 96 Avenue

Surrey, British Columbia

Custom built in 2012, beautiful 2 storey 6 bedroom home conveniently located in Guildford. 4 spacious bedrooms upstairs, with 2 ensuites and 1 Jack and Jill bathroom. Featuring formal living, family and dining areas, den great for home office, open kitchen with island plus bonus wok kitchen, patio and balcony for outdoor entertaining! Featuring high-end finishings with crown mouldings throughout, hardwood flooring, and granite counters. This home has a 2 bedroom side suite, perfect mortgage helper. Central location- short drive to Guildford Mall, Surrey Central, Surrey Memorial Hospital, all levels of schools, and close to parks and recreation. Open House Saturday May 4th and Sunday May 5th, 2-4 PM. (id:48205)

6 Bedroom 5 Bathroom 3717
For sale Open House
$1,899,000
15486 110 AVENUE, surrey, British Columbia

15486 110 Avenue

Surrey, British Columbia

Discover this centrally located in Fraser Heights, expansive residence boasting 4,500 square feet of living space. Main floor has a spacious bedroom and a full bathroom. The fully finished basement presents 4 bedrooms, 2 baths, kitchen and a separate entrance suite. The basement can be easily can divide into two sperate - 2 bedroom suites. Enjoy a seamless flow throughout the home's open floor plan, accentuated by total 9 Bedroom and 5 full bathrooms and a spacious kitchen ideal for culinary enthusiasts. roof in 2018, new floor, new paint, new appliances and bigger hot water tank much more. With easy access to the transit, mall, community center and captivating mountain vistas. Schedule your viewing today! Open house Sat & Sun, May 5 & 6, 2-4pm. (id:48205)

9 Bedroom 5 Bathroom 4495
For sale Open House
$1,899,000
10668 EASTGLEN PLACE, surrey, British Columbia

10668 Eastglen Place

Surrey, British Columbia

Welcome to this sunshine-kissed home in the heart of Fraser Heights, with walking distance to the FH secondary. It embraces everyone with the dominant bright&open feeling, in add. to its timeless craftsmanship and functionality. The huge windows of 22-feet high living space and 2nd bedroom facing the north, welcome view of the snow-capped North shore mountains, while the south facing kitchen, family room and master ensuite overlook the south-facing backyard . The 3 skylights that introducing plenty of natural lights into most active corners of the house, the relaxing Spa-inspired ensuite, the spacious walk-in closet, the potential 5th bedroom & full bath at main floor, the adjacency to Fraser Wood Elementary, FH Secondary & Recreation... Growing families, act fast! Open Apr14! (id:48205)

4 Bedroom 3 Bathroom 2770
For sale
$1,899,000
19351 71 AVENUE, surrey, British Columbia

19351 71 Avenue

Surrey, British Columbia

Brand new Quality Built Home in the most demanding neighborhood of Clayton Coverdale. Over 4000 Sq Ft home with 8 Bedrooms 6 Bath. Corner Lot Loads of Windows to Soak in Natural Light. This home features 4 Bedrooms upstairs, 4 washrooms + Laundry. Main Floor GOURMET kitchen with quartz countertops, BONUS Spice Kitchen, High-End Appliances, Laminate FLOORING, and a COZY Family Room for all the family leading to the Kitchen, + a Bedroom (No Closet)+ Full Washroom. Basement has a 2 Bedrooms Suite + 1 Bedroom Suite for Mortgage helper + a Common Laundry for the Basements. Radiant Heat along with Central Air condition. Close to all schools, and major routes. Backed by 2-5-10 New HOME WARRANTY. (id:48205)

8 Bedroom 6 Bathroom 4022
For sale
$1,899,000
17717 97 AVENUE, surrey, British Columbia

17717 97 Avenue

Surrey, British Columbia

Rarely available property located within the Anniedale-Tynehead NCP of Surrey with designated use of IL (Light Industrial). The lot size supports a free-standing industrial structure by itself in the future according to the designated land use. This location is just 150 meters to the access to HWY #1 and 200 meters to Hwy #15, surrounded by temporary use applications of outdoor storage and truck parking, as well as development applications of light industrial use. The property is a perfect opportunity to hold for future redevelopment with cash flow. Buy today to win tomorrow. (id:48205)

3 Bedroom 2 Bathroom 1362
For sale Open House
$1,898,000
13711 90A AVENUE, surrey, British Columbia

13711 90a Avenue

Surrey, British Columbia

FIRST TIME ON THE MARKET! This beautiful 2019 renovated and owner-built home is located on a private cul-de-sac in Bear Creek and boasts a spacious floor plan. The home consists of 8 bedrooms, 6 bathrooms and two suites (1 bedroom and 2 bedroom) and a potential for another 1 bedroom suite on the main floor. Alternatively, the potential 1 bedroom suite can act as an office for a home business, as it currently is. This home will bring in steady revenue/rental income for future owners! The home is located within walking distance to Creekside Elementary School, Bear Creek Park, Queen Elizabeth Secondary School, and is central to many amenities nearby! MUST SEE! Open House on April 27 1-3 PM (id:48205)

8 Bedroom 6 Bathroom 4722
For sale
$1,893,000
12136 101B AVENUE, surrey, British Columbia

12136 101b Avenue

Surrey, British Columbia

Welcome to 8Bed and 5Bath located on approx. 7230 sq. ft lot. The Top Floor features living, dining, family, Kitchen, 4 bed & 3 Full Bath with a Panoramic view. Huge deck & Patio is perfect for guests to relax on while enjoying the fully fenced yard & a City view. Two suites of (2+2BED) on the Lower level are an asset. Home features vaulted ceiling laminate floors, new blinds, 2 Driveways double car garage RV/Trailer Parking. Great income producing property. Don't miss out on this beautiful home! (id:48205)

8 Bedroom 5 Bathroom 3515
For sale
$1,888,800
14926 96 AVENUE, surrey, British Columbia

14926 96 Avenue

Surrey, British Columbia

ATTENTION Families/First time Home Buyers/Investors & Builders - 7189 SQ.FT LOT in Fleetwood/Tynehead. Very well maintained and solid Family home! FEATURES 5 BEDS, 3 BATHS, 2190 SQ.FT of living space. Double Car Garage with lots of parking. Newer concrete slab driveway. New paint throughout including Garage Wall & Floor 2020, Fence 2019 NEW GARAGE DOOR June 2020; Window Blinds 2019, H/W Tank 2019; Samsung W/D 2019. Add./Reno: Family Room, Bathrooms, AUTOMATIC STEEL GATE, Kitchen & SS Kitchen Appl. 2016 Close to school, park, Golf course, Rec Centre, Guildford mall & Hwy1 Stroll by the lake with the serenity that Green Timbers Forest brings. (id:48205)

5 Bedroom 3 Bathroom 2190
For sale
$1,888,000
15928 107A AVENUE, surrey, British Columbia

15928 107a Avenue

Surrey, British Columbia

Renovated and Well maintained house with perfect layout for a family to grow, 5 bedroom and 4 bathroom, south facing private back yard with huge maintenance free deck and glass roof, a lot sunlight. Central Air conditioning. Prime central location in Fraser Heights, convenient and quiet location, next to the city greenbelt, one block walk to good schools: Erma Stephenson, Dog Wood, Fraser heights secondary, a few minutes walk to businesses, bus stop and community center. OPEN HOUSE: April 6 and April 7, 2PM to 4PM (id:48205)

4 Bedroom 4 Bathroom 2953
For sale
$1,885,900
15333 95A AVENUE, surrey, British Columbia

15333 95a Avenue

Surrey, British Columbia

The Perfect Home in the Heart of Fleetwood you've been waiting for! This renovated fully maintained home includes 7 Bedrooms plus Den, 4 Baths on a large Corner Lot 7,000 approx. Private, fully fenced backyard with an ample parking that provides a safe Haven for your Family. On the Main Floor It has 2+1 bedroom suites for great mortgage help. This is a Must see. Book appointment for your next Dream HOME. Open House on Sunday April 28 from 11am-1pm. No appointment is needed. (id:48205)

7 Bedroom 4 Bathroom 3156
For sale Open House
$1,879,000
10970 155 STREET, surrey, British Columbia

10970 155 Street

Surrey, British Columbia

Fabulous bright & spacious 5 bed/4bath Semi-Custom home with excellent exposure on three sides to maximize natural sunlight, located in the highly sought-after tranquility of Fraser Heights. A warm & cozy living room with gas fireplace off the high ceiling foyer. The bright & central island kitchen includes a second Spice Kitchen and large convenient eating area. There is one bedroom & full bathroom on the main, perfect for elderly parents or your guest, 4 well sized bedrooms up, a spacious master bedroom with large ensuite bathroom. Trees line fenced backyard provides privacy. Double garage and driveway offer extra parking with lane access. Conveniently located minutes away from HWY 1 & close to all level schools, public transit, parks, nature trails, shops & restaurants, Rec Center, etc. (id:48205)

5 Bedroom 4 Bathroom 2817
For sale Open House
$1,874,000
16006 90 AVENUE, surrey, British Columbia

16006 90 Avenue

Surrey, British Columbia

PERFECT FOR GROWING FAMILY. A HOME + MORTGAGE HELPER. If you have been waiting to purchase a Single Family Home in Immaculate Condition, today is your chance. 2 Storey + Basement Home w/ 6 Spacious Bdrms +Den & 6 Bathrooms , 4027 sq.ft. on 6092 sq.ft lot. Lots of renovation done in the last 3 years, newer roof, new flooring, new blinds, new paint inside & outside of this home. Cozy Formal Living/Dining room +bright Family room. COMPLETELY MODERNIZED KITCHEN w/ newer appliances & Cabinet Space galore +WOK kitchen. Nicely renovated BASEMENT suite w/ 2 bedrooms, full bath, spacious modern kitchen +family room w/ separate entrance. Double garage +lots of extra parking . Enjoy the backyard w/ covered patio & garden perfect for garden lovers. Conveniently located in a great family neighborhood. (id:48205)

6 Bedroom 6 Bathroom 4027
For sale
$1,850,000
13598 89 AVENUE, surrey, British Columbia

13598 89 Avenue

Surrey, British Columbia

**CENTRAL QUEEN MARY LOCATION**LARGE 3905 sqft 3 STOREY home on a 6165 sqft LOT** This home features 4 bedrooms up & 3 FULL baths, of which 3 of the bedrooms are Master bedrooms with walk-in closets & En-suites. The main floor has a big family, living, dining room, breakfast nook, kitchen with GRANITE countertops, a bonus Spice kitchen with pantry, Stainless Steel appliances & a bedroom with FULL bathroom all on the main. The basement is FULLY FINISHED into 2 SUITES, a 2 bedroom & 1 bedroom SUITE with SEPARATE kitchens & entrances. The large backyard is fully fenced with a storage shed & great for kids. Walking distance to Cindrich Elementary School, shopping, transit, Bear Creek Park, King George Hwy & close to all major transportation routes. Call for more information or a viewing. (id:48205)

8 Bedroom 6 Bathroom 3905
For sale Open House
$1,849,000
10619 159 STREET, surrey, British Columbia

10619 159 Street

Surrey, British Columbia

Fully Renovated 4 Bedrooms, 5 baths, 2 level impeccably maintained & updated house in the Fraser heights. Huge entry foyer with curved staircase. Gourmet kitchen w/large center island, great family room off the kitchen. New Carpet flooring in 2024 , Fully renovated in 2021. New floors, kitchen, bathrooms, ceiling, paint, lighting fixtures, and new outside covered deck. Garage has been converted to office space with its own bathroom and can also be easily converted back to the garage. Huge covered barbeque Deck at back with nice fenced yard. (id:48205)

4 Bedroom 5 Bathroom 2335
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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