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South Surrey Homes for Sale

South Surrey BC real estate in places like Morgan Creek, Crescent Beach, Elgin Chantrell, Hazelmere, and the King George corridor have a lot to offer home buyers. For many, South Surrey is considered to be the upper class or high-end community of Surrey, British Columbia. Here you can find plenty of new South Surrey townhouses for sale and condos for sale, as there are lots of new development and growth in the area. South Surrey is also known for that fact that it receives about 52 more days of sunshine a year in comparison to other upper class real estate areas in the Greater Vancouver and Lower Mainland areas. Contact our Sutton Realty agent Natasha Taylor of the Taylor Team at 1-778-316-4290 if you have any questions about condos, townhomes, and detached homes for sale in South Surrey BC.

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For sale
$1,698,000
1717 157 STREET, surrey, British Columbia

1717 157 Street

Surrey, British Columbia

Opportunity to live, invest, and build a new home, a small-scale possible 4-unit multi-unit home fitting into the existing neighbourhood in a perfect location within walking distance to Earl Marriot Secondary, Peace Arch Elementary, Peace Arch Hospital and bus routes. Take advantage of the new housing legislation, which will be in place by June 30. Development permits, building permits and any required zoning changes beyond SSMU zoning bylaws still require local government approval (id:48205)

4 Bedroom 2 Bathroom 1866 sqft
For sale
$1,698,000
14225 18 AVENUE, surrey, British Columbia

14225 18 Avenue

Surrey, British Columbia

Location! Location! Bayridge Elementary school and famous Semiahmoo Secondary school (IB program) catchment! Ocean Bluff rancher with 3 bedrooms, 2.5 baths, modern open kitchen, double garage, good size sunroom with skylight and covered Patio, on a large private cul-de-sac lot. The owner had renovated and upgraded the house with full attention to all details including all new appliances, hardwood floor, cabinets, windows, the gate, some of the doors, even some of the taps and bathroom exhaust fans. Newly added powder room plus converting the manuel garage door into an automatic electric one, the whole house was painted both inside and outside; high efficiency furnace, green house. (id:48205)

3 Bedroom 3 Bathroom 1710
For sale
$1,688,000
14871 21B AVENUE, surrey, British Columbia

14871 21b Avenue

Surrey, British Columbia

MERIDIAN BY THE SEA-Discover the charm of this immaculate 1825 sq ft rancher-style home. This immaculate property has been meticulously maintained & thoughtfully updated. New designer paint colours, flooring & light fixtures throughout. This home is flooded with natural light thanks to the skylights in the entry & kitchen. The kitchen boasts updated cabinetry with new hardware & stainless steel appliances. The renovated ensuite bathroom offers a luxurious retreat including in-floor heating for ultimate comfort. Step outside into the expansive, well-kept, fenced backyard-a private oasis perfect for entertaining & relaxation. Centrally located & just steps away from Star of the Sea, SEMIAHMOO Secondary, & H.T. Thrift, making it a perfect choice for families and downsizers! (id:48205)

3 Bedroom 2 Bathroom 1825 sqft
For sale
$1,685,000
1649 146 STREET, surrey, British Columbia

1649 146 Street

Surrey, British Columbia

Welcome to this charming 4-bedroom, 3-bathroom home nestled in the desirable area of Sunnyside, conveniently located next to Semiahmoo High School. Renovated, boasting newly floors, fresh paint throughout, and updated washrooms, ensuring both style and comfort for its inhabitants. Upon entering, you're greeted by a warm and inviting atmosphere, with abundant natural light streaming through the windows, illuminating the spacious living areas. Relax and unwind in the privacy of your own backyard oasis, where lush greenery provides a serene backdrop for outdoor gatherings or peaceful moments of solitude. Conveniently situated within walking distance to both the beach and the mall.1/2 block to Centennial Park provides opportunities for outdoor recreation and leisure activities. (id:48205)

4 Bedroom 3 Bathroom 2836 sqft
For sale
$1,678,000
1781 SOUTHMERE CRESCENT, surrey, British Columbia

1781 Southmere Crescent

Surrey, British Columbia

SUNNYSIDE PARK LOCATION!!!!! Unique 2-story family home with 3-4-Bedrooms, a Den, 4-Bathrooms and a loft area and designed to have extended family or students live separately upstairs,(sharing the DS kitchen). Very spacious floor layout, with hardwood floors in both the DR and LR with a gas fireplace, and a large family room, which opens up into the parklike south facing backyard. Walking distance to shopping, schools, doctors, parks, urban trails and recreation facilities. Home is located in the catchment areas of the SEMIAHMOO SECONDARY(WITH IT'S IB PROGRAM), and the H.T. THRIFT ELEMENTARY SCHOOLS. Easy access to Vancouver, the US Border and other Surrey/Langley areas. NEXT OPEN HOUSE IS ON SATURDAY-JUNE 15TH-1:30-4PM & ALL OFFERS PRESENTED ON A FIRST COME FIRST SEVED BASIS (id:48205)

4 Bedroom 4 Bathroom 2398 sqft
For sale
$1,668,000
2349 150B STREET, surrey, British Columbia

2349 150b Street

Surrey, British Columbia

Welcome to this well-maintained Rancher located on the most desirable Cherry blossom street of Sunnyside Park. Upon entering this cozy home, you may find a straightforward entryway that leads directly into the main living space on your right with a gas fireplace and bay window living room and formal dining. Great floor plan offers 3 beds room and 2 full baths with newer furnace, hot water tank. Minutes walk to Peninsula shopping center and Sunnyside Acres Park. Easy access to Hwy 99. School Catchment: Semiahmoo Secondary School + H.T. Thrifty Elementary School. Star of the Sea, one of the top Catholic private elementary school just steps away. (id:48205)

3 Bedroom 2 Bathroom 1686 sqft
For sale
$1,659,000
14631 17A AVENUE, surrey, British Columbia

14631 17a Avenue

Surrey, British Columbia

Fabulous Rancher. Welcome to Sunny South Surrey. Steps away from White Rock Lawn Bowling, White Rock Tennis Club, Curling Club, Ice Rink, Close to Bayview Elementary. Kitchen recently renovated. New Clothes Washer and Dyer in 2023. Ensuite renovated. Close to Transit. This is a beautiful rancher with a private back yard and a run for dogs. Recently redone hardwood flooring. Close to trails to White Rock Beach. Close to South Surrey Recreation centre and schools. Great South Surrey Location on a quiet Cul-de-sac. Bring your fussiest Clients. (id:48205)

3 Bedroom 2 Bathroom 1668 sqft
For sale
$1,658,000
13508 15A AVENUE, surrey, British Columbia

13508 15a Avenue

Surrey, British Columbia

Fully renovated from 2016-2020. Over 2400 sf 3Bed + office, 2 bath rancher on a private cul-de-sac in Ocean Park Region. Featuring a south facing backyard, new custom design kitchen plus wok kitchen, heated tile floors, 7 skylights. Close to all amenities, including desirable Ray Shepard Elementary and Elgin High School Catchment and walking distance to the Beach. It is a must see. (id:48205)

3 Bedroom 2 Bathroom 2461 sqft
For sale
$1,650,000
14098 20 AVENUE, surrey, British Columbia

14098 20 Avenue

Surrey, British Columbia

Seller Financing Available!!! Tucked away in the coveted Sunnyside Park neighbourhood, this well-maintained 2 bed rancher offers an abundance of skylights and natural light the moment you step inside! Beautiful curb appeal with a large driveway lined with immaculate landscaping. Situated on a large 7,100 sq ft lot! Partial updates in the bathroom, newer paint, s/s appliances and gas range. Rustic charm throughout! Featuring a spacious eat-in kitchen, central A/C, gas fireplace in the living room with sliding doors leading to the large south-facing patio perfect for hosting gatherings! Call today for a private viewing! (id:48205)

2 Bedroom 2 Bathroom 1621
For sale
$1,645,000
2226 152 STREET, surrey, British Columbia

2226 152 Street

Surrey, British Columbia

Excellent for DEVELOPERS, INVESTORS: great opportunity to own this 6,858 sq ft lot with a 2 level home. Part of the recently approved Samiahmoo Town Centre plan, designated to low-rise residential home construction (potentially up to 6 storeys). 3 bedrooms upstairs with large deck off the kitchen. Pine floors and gas fire place in living room. Separate 2 bedroom in-law suite downstairs with fenced back yard. Or use the whole house if you need 5 bedrooms for your family. Home is in good condition with new hot water tank. Invest now in this fast developing area of South Surrey. Walk to Semiahmoo Shopping Centre, restaurants, schools. Easy access to Hwy 99, Hwy 15 and right on bus route. Open House Saturday, June 8th: 2-4. (id:48205)

5 Bedroom 3 Bathroom 2224 sqft
For sale
$1,629,900
1363 161 STREET, surrey, British Columbia

1363 161 Street

Surrey, British Columbia

Beautifully Renovated and Meticulously maintained home is nestled in highly sought-after neighbourhood! Exceptionally located 4 Bed + Office, 3 Bath, 7200 sqft lot delivers everything a family could need on a Quiet cul-de-sac. Re-envisioned Kitchen looks out over the sunny private, south-facing backyard with Bamboo Tree Oasis. Entrance greets you with gorgeous Hardwood floors and light designer paint throughout. Spacious living and dining rooms off entrance. Open Concept Kitchen, Stone Countertops, opens up to family room and leads out to the expansive sundeck. 4 well sized Bedrooms incl Primary with Ensuite. Many Quality Updates: ROOF, All WINDOWS, GLASS DOORS, HARDWOOD Flooring, Kitchen, HW Tank & more! Centrally located & wlkg dist to Ocean, Parks, Schools & Shops. 10/10 Call today! (id:48205)

4 Bedroom 3 Bathroom 2565 sqft
For sale Open House
$1,625,000
16168 11B AVENUE, surrey, British Columbia

16168 11b Avenue

Surrey, British Columbia

White Rock amenities and the beach are minutes away! Located on a quiet, cul de sac in the rarely available South Surrey neighbourhood. This lovingly cared for 3 bed 3 bath home is steps away from South Meridian Park and South Meridian Elementary and short distance to Earl Marriott Secondary. Newer gas stove, forced air heating, this home is located on a peaceful corner lot with south facing fenced back yard has a shed, pond, and the garden is filled with mature plants. BONUS: The entire 7,300 square foot lot's manicured lawn has a built in sprinkler system! Upstairs are 3 spaciousness bedrooms including a lovely primary bedroom with expansive ensuite. Welcome Home! Visit janethelm.com for video and virtual tour. OPEN HOUSE SAT/SUN JUNE 15 & 16 1-4PM (id:48205)

3 Bedroom 3 Bathroom 2093 sqft
For sale
$1,625,000
2048 156A STREET, surrey, British Columbia

2048 156a Street

Surrey, British Columbia

Welcome Home to this renovated S Surrey 2 story charmer that is a perfect blend of open concept with traditional roots. You'll enjoy the calming white kitchen with quartz counters, large farmers sink, SS appliances, an induction stove & a large eating nook. Separate dining room for gatherings & a cozy living room centered around the fireplace. Family room off the kitchen boasts another fireplace & leads to the outside living. New awning covers the 600 sq ft stamped concrete deck with lights, gas BBQ & firepit line help you enjoy the outdoor experience. 3 BDRMS up & double doors lead to the large primary suite & walk-in closet. Updates roof/2008 (40 year roof), flooring, windows, heat pump, furnace, HWT, fireplace converted to electric & more. (id:48205)

3 Bedroom 3 Bathroom 1868 sqft
For sale
$1,599,999
1332 129B STREET, surrey, British Columbia

1332 129b Street

Surrey, British Columbia

Welcome Home to this meticulously cared for, 3Bed, 2Bath, Bright & Spacious, Ocean View Family Residence. Situated on a Quiet Street in Ocean Park. Many Updates include: Laminate Floors, Appliances, Roof, Windows, Furnace, HW Tank, Main Bath, Light Fixtures, Accent Wall Panels & Fresh Paint throughout. Living Rm is Spacious w Lge Window & Gas Fireplace to Relax or Entertain while Enjoying Beautiful Ocean & Island Views. Master Bedrm holds easily, King sz Bedrm Furniture, while on the Lower Level you will find another Bedrm, 3 PC Bath, Laundry, a Lge Family Room with Cozy Gas Fireplace. School Catchments are: Ocean Cliff Elementary & Elgin Park Secondary. 10 min drive to Crescent Beach & White Rock Promenade or walk to Kwomais Park/1001 Steps/Bus/Shops/Restaurants & More. Call today to view (id:48205)

3 Bedroom 2 Bathroom 1805 sqft
For sale Open House
$1,599,000
14254 20 AVENUE, surrey, British Columbia

14254 20 Avenue

Surrey, British Columbia

SPACIOUS RANCHER. Perfect for empty nesters, young families or retirees. Great location, Sunnyside Acres Urban Forest is directly across the street and all the amenities of South Surrey Recreation Centre, Athletic Park and Softball City are just a short stroll away. This 2 Bedroom, 2 Bathroom Floor Plan Boasts Large Room Sizes. Recently Updated with New Appliances, New Wide Plank Flooring Through the Living Areas and Bedrooms, New Baseboards, Crown Mouldings, Ensuite updates and Fresh Paint. The Huge Primary Bedroom features a 4 piece ensuite and sliding door access to the rear yard.This home is bright with interior French Doors, 2 skylights & an abundance of windows. Cozy rear yard is fenced with privacy trees & a garden shed. Double Garage & 2 car driveway.OPEN HOUSE SUN. 1-4 PM JUNE 16 (id:48205)

2 Bedroom 2 Bathroom 1682 sqft
For sale
$1,599,000
1076 161 STREET, surrey, British Columbia

1076 161 Street

Surrey, British Columbia

White Rock rancher located on a quiet cul-de-sac. 3 bedrooms & 2 full bath plus mortgage helper (authorized newly built 1 bedroom suite on ground level) on a 7,106 sqft lot. Brand new appliances, newly painted. Large double garage is attached & deep driveway parks 4 vehicles. Sunny, wide south facing backyard that backs onto city parkland, grassed trail system. School catchments: South Meridian Elem. & Earl Marriott Sec. Close to White Rock Beach, parks, transit, & schools. Easy access to US Border & Freeway. Authorized recently renovated 1 bedroom suite. (id:48205)

4 Bedroom 3 Bathroom 1762 sqft
For sale
$1,599,000
1495 164 STREET, surrey, British Columbia

1495 164 Street

Surrey, British Columbia

Attention Builders, Investors and Developers, solid 3 bedroom home on close to 7500 sq ft. lot with lane access and extra detached garage/workshop. This charming property is located in King George Corridor Plan, presents a rare opportunity for Savvy investors and developers alike interested in a land assembly. Situated conveniently across from townhouse site by a reputable developer. This parcel of land has potential for condos or townhouse development. Buyers to verify with city. (id:48205)

3 Bedroom 1 Bathroom 1060
For sale
$1,598,000
14635 36B AVENUE, surrey, British Columbia

14635 36b Avenue

Surrey, British Columbia

Beautiful home nestled in peaceful & convenient Anderson Walk community. This superb 3-level sweet home with a great view of the North Shore Mountain and the Nicomekl River in the back. Featuring 5 bedrooms+ 5 baths, and the media room in the basement can be used as a bedroom. New Paint & New Laminate floor. Spacious, bright kitchen offering upgraded stainless appliances; 5 burner gas stove. BC Assessment of this property is $1,675,000. Great central location, Semiahmoo School District, elementary school at walking distance, few minutes drive to Beach, Grandview corner shopping, and the US border. A finished basement with a separate entrance. Don't miss the opportunity to purchase a home with a great mortgage helper! OPEN HOUSE: June 15, Saturday 3:30-5:30 pm. (id:48205)

5 Bedroom 5 Bathroom 3291 sqft
For sale
$1,598,000
14309 19A AVENUE, surrey, British Columbia

14309 19a Avenue

Surrey, British Columbia

This bright, quiet and cozy rancher located in the sought after Ocean Bluff, Beautiful blooming cherry trees surrounding the neighborhood. 6111 sqft Sunny rectangular lot, 1200 sqft home with 2 bedrooms, 2 full baths, Living room and family room. Gas fireplace. Several fruit trees, Sunny west facing sundeck. Minutes walk to Bayridge Elementary and Semiahmoo Secondary catchment. Walking distance to South Surrey Recreation center, and Athlete Park, as well as the large Urban Forest Park. This corner lot is also perfect site for future development of multiple family dwelling. (id:48205)

2 Bedroom 2 Bathroom 1200
For sale
$1,595,000
1086 163A STREET, surrey, British Columbia

1086 163a Street

Surrey, British Columbia

Beautifully renovated 3 bedroom, 2 bath rancher in desirable McNally Creek on a quiet street with ample parking. Gourmet's chef kitchen, high end appliances, craftsman cabinetry, including a 6 burner gas stove. French doors lead to south facing rear yard with Trex decking & a slate patio with footings to install your own Pergola design. Double gas outlet for barbeque and potential fire pit. Recent updates include hot water on demand, high efficiency furnace ready for heat pump if desired. In floor heating in kitchen, great room and bathrooms, loads of cabinetry storage in the garage & 3 foot crawlspace. Third bedroom has been converted to walk in closet, Seller will convert back upon request. Close to Beach, Border, Hwy 99. (id:48205)

3 Bedroom 2 Bathroom 1739 sqft
For sale
$1,588,800
1968 127A STREET, surrey, British Columbia

1968 127a Street

Surrey, British Columbia

Lovely family home in South Surrey, minutes walk away from Ocean Park Mall, churches, banks, schools. 7300+ sq ft lot with a backyard alley offers expansion potential. The upper floor features three bedrooms, a cozy living room, and a well-equipped kitchen. Two full bathrooms, including a luxurious en-suite, feature heated flooring. The lower level offers versatile living spaces, including a spacious bedroom, full bathroom, and renovated recreation room. Accessibility is easy with two entrances - one through a welcoming mudroom. A beautifully crafted office space near the main entrance provides a serene work environment to focus or meet with clients without disruption to family activities. (id:48205)

4 Bedroom 3 Bathroom 2280 sqft
For sale
$1,550,000
16137 10 AVENUE, surrey, British Columbia

16137 10 Avenue

Surrey, British Columbia

Beautiful rancher, close to schools and walking distance to the beach. This home has many updates which include air conditioning and new windows, washer and dryer, hardwood floors and updated bathrooms. The private backyard provides a large, covered patio and open patio space. Home also has a welcoming solarium to enjoy year-round. Fantastic layout with both a large living room and family room. Kitchen has been updated with granite counters and tiled backsplash. You will love this home. (id:48205)

3 Bedroom 2 Bathroom 1614 sqft
For sale
$1,549,000
13524 16 AVENUE, surrey, British Columbia

13524 16 Avenue

Surrey, British Columbia

Great Location & Great Investment Value! Private fenced yard w/dog run area & lane access, loads of parking incl/RV parking. 3 up & 2 Down Spacious Bedrooms and 3 Full Bathrooms (2 up 1 down). Fantastic Real Hardwood Floor! Great landscaping & very SUNNY SOUTH backyard & loads of parking out back. Basement Suite has newer appliances, newer washroom walkout basement with separate entrance! Double faced fireplace, large deck out back built great front porch out front. Updated Kitchen with new appliances and updated bathroom. Heated garage/workshop with 220 power, shed & great storage & hidden crawl space. Great Schools, Ray Shepard Elementary, Elgin Park Secondary, and Semiahmoo Secondary (id:48205)

5 Bedroom 3 Bathroom 2692 sqft
For sale
$1,538,000
2560 128 STREET, surrey, British Columbia

2560 128 Street

Surrey, British Columbia

Beautiful, detached home in Ocean Park, within walking distance to Crescent Beach. Crescent Park is right at your doorstep. The home's high quality of construction is clearly visible. The house is in immaculate condition and looks new. Main floor has an open, floor plan with 10 foot ceilings and a gas fireplace. Hardwood floors on the main floor are pristine. The kitchen boasts high-end cabinetry, gas stove and granite countertops. Access to the private garden is off the main floor where you can enjoy the morning sun. Two, large bedrooms upstairs, each have their own ensuite. Downstairs is a large rec room and a third bedroom and bathroom. Additional storage above garage. You can't beat this location. (id:48205)

3 Bedroom 4 Bathroom 2137 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

South Surrey

South Surrey’s real estate market is currently a seller’s market with plenty of buyers eager to get into some of the city’s greatest neighborhoods. The residential combined benchmark price has increased by 55.5% for the South Surrey/White Rock market over the last 5 years. Detached houses in South Surrey/White Rock have seen the 5-year increase in benchmark price, at 34.5%.

Neighborhoods in

South Surrey

Our South Surrey real estate team, can help you locate South Surrey homes for sale in such esteemed neighborhoods such has Morgan Creek, Elgin Chantrell, Ocean Park, Crescent Beach, the King George Corridor, plus some of the newer areas of Grandview Corners and Pacific Douglas. With an unprecedented amount of residential and commercial growth, South Surrey BC real estate is more in demand than ever, especially with White Rock beach being just a couple minutes away.

map of clodverdale neighborhoods

Amenities in

South Surrey

What attracts families to South Surrey? South Surrey School catchments are some of the most elite in all of the Lower Mainland. There is plenty of public transportation in these areas that can even get you into downtown Vancouver via a comfy bus ride with upgraded cloth seating. The freeway is located just a 3-minute drive from most South Surrey condos for sale and you can get to either Downtown Vancouver within 45 minutes or to the Peace Arch Canada/US Border to do some shopping or save on some gas.

South Surrey is well-known for having some of the nicest parks and recreational facilities in Surrey. Whether you’re looking to spend the afternoon on the beach, walking through nature parks, or working out in state-of-the-art recreational facilities, South Surrey has it all.

  • Morgan Creek Park
  • Rosemary Heights Park
  • Crescent Beach
  • Dogwood Park
  • Bayview Park
  • South Surrey Athletic Park

South Surrey has some of the most elite educational institutions in Western Canada. With some of the most sought-after private schools located in this town, the educational opportunities here are bar none.

  • Southridge Senior Secondary (Private)
  • Sunnyside Elementary School
  • Morgan Creek Montessori
  • White Rock Christian Academy
  • South Surrey White Rock Learning Centre
  • Star of the Sea School (Private)
  • Chantrell Creek Elementary

Shopping is an important pastime in South Surrey. With some of the top brands with outlet stores and flagship retail locations in South Surrey.

  • The Shops at Morgan Crossing
  • The Shops at High Street South Surrey
  • Semiahmoo Shopping Centre
  • Windsor Square Shopping Centre
South Surrey has been undergoing significant transportation upgrades from roads, highways, and public transportation options.

  • Taxi Services
  • South Surrey Park & Ride
  • Translink
  • Uber

Economic Stats for

South Surrey

With a strong understanding of the economic future of South Surrey you’re better positioned to make an informed decision on your real estate investment. It is important to completely understand the population growth trends, core economic drivers, and essential costs of living in South Surrey.

South Surrey’s population has experienced significant growth over the last several years. Between 2011 and 2016, the population of South Surrey grew by 12%. This is slightly faster growth than the rest of Surrey.

The household incomes in South Surrey are well above the national average. With an average family income of $115,000, South Surrey is one of the highest income-producing towns in the province.

Real estate prices in South Surrey vary greatly depending on the neighbourhood. It’s important to not just consider price when purchasing a property.

South Surrey May 2021 Price Three Year % Change
Detached House $1,731,600 16%
Townhouse $805,000 16.7%
Apartment/Condo $565,000 8%

(From MLS® Home Price Index – Fraser Valley Real Estate Board May 2021.)

 

Residential Property Tax Rate for South Surrey from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.188%     0.122%       0.345%
2019     0.175%     0.113%       0.319%
2018     0.180%     0.116%       0.326%

In order to make a wise real estate investment, it is important to understand the primary economic drivers of the town. South Surrey has a strong economy with plenty of high-income residents.

Retail has always been an extremely strong economic driver in South Surrey. Many of the residents commute into tech, medical, and finance jobs in downtown Vancouver.

Rental Potential in

South Surrey

As a city that has exploded in popularity over the past decade, South Surrey is a key market any savvy real estate investor should be informed on. There is plenty of opportunity for further appreciation in South Surrey.

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 South Surrey, you can expect to pay around 0.34% 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.

With such low vacancy rates in South Surrey, real estate investors are able to rest easy knowing their property will easily find a renter, assuming the property is marketed at fair market rates.

Monthly rents will vary greatly depending on the location and quality of the home. While these estimates will help you understand the general pricing, its best to speak with a professional real estate agent or property management company to get the most accurate rental rates for your property.

Estimated Monthly Rents:

1 Bedroom – $1,400 – $1,700 per month

2 Bedroom – $1,600 – $1,900 per month

3 Bedroom – $2,400 – $4,700 per month