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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 Open House
$1,349,000
12612 26 AVENUE, surrey, British Columbia

12612 26 Avenue

Surrey, British Columbia

This inviting and bright, 4 bed, 3 bath home with 2,192 sq.ft of interior living space plus large private sunny garden on a south facing corner lot on quite roads is located in the highly desirable Crescent Heights neighbourhood. Within walking distance to Crescent Beach, Cresent Park, and coveted Crescent Park Elementary & Elgin Park Secondary schools, it includes a fire pit for evening entertaining plus a newly replaced deck. High quality craftsmanship throughout the living space with recent upgrades including a fully renovated kitchen, flooring, new roof, and much more! As a bonus, this home also offers a 1 bed + den SUITE POTENTIAL, with no strata fees being a ½ duplex. Call today to book your private viewing! OPEN HOUSE THIS WEEKEND. SATURDAY, MAY 4TH 2-4PM & SUNDAY, MAY 5TH 2-4PM. (id:48205)

4 Bedroom 3 Bathroom 2192
For sale
$1,348,000
8 1454 162B STREET, surrey, British Columbia

8 1454 162b Street

Surrey, British Columbia

Welcome to Marca By Mortise, where timeless elegance meets modern sophistication. This townhouses redefine luxury living with over 1000 square feet of finished basement space. Offering a luxurious 4 bedroom + media room floor plan, each home is designed to enhance every aspect of your lifestyle. Revel in vaulted ceilings, central heat/air, premium stainless steel appliances, smart home technology, double garage, elevator capability, and a spacious backyard with a hot tub hookup. The log cabin style exterior adds charm and character to these exceptional residences. Whether you're enjoying warm summer nights in the backyard or cozying up in the media room during cooler months, Marca By Mortise offers the perfect blend of comfort and style." (id:48205)

4 Bedroom 4 Bathroom 2548
For sale Open House
$1,299,999
15780 23B AVENUE, surrey, British Columbia

15780 23b Avenue

Surrey, British Columbia

Welcome home at the intersection of Affordability and Location. The main floor comes with a bright and practical layout. The first half of the main floor comes equipped with a Formal living and dining area, The Second half with Open concept great room paired with a chef-inspired kitchen perfect for both everyday living and for entertaining friends and family. Upstairs three bedrooms including a spacious master bedroom with ensuite and walk-in closet. Lots of windows to bring in natural light. Mortgage helper or in-law suite downstairs with own laundry. Right in the HEART of South Surrey; steps away from Grandview Corners Mall & The Shops@Morgan Crossing, with all major stores, restaurants, banks, schools and much more! Opportunities like this don't come often... Act Fast before it is gone !! (id:48205)

4 Bedroom 4 Bathroom 2540
For sale Open House
$1,298,000
1 15128 24 AVENUE, surrey, British Columbia

1 15128 24 Avenue

Surrey, British Columbia

One of a kind, end unit, sides onto parkland. Semiahmoo Trail by Dawson Sawyer - 50 Years Home Building. Minutes to Thrift, Semi, Star of Sea, & WR Christian Schools, White Rock beach, Peninsula Shopping. Upper scale 1,932 sq. ft., corner plan, loads of windows, split entry, lower-level flex room, 3 piece bath and laundry. Double wide garage & driveway, asphalt roof, hardy board siding. 9 ft. ceilings, engineered hardwood flooring. Main floor great room, new gas fireplace, south facing, hedged, fenced rear yard. Mountain views from white shaker kitchen, granite tops, stainless appliances, gas stove, massive island. Upper level 3 bedrooms, primary vaulted ceiling, walk in closet, 5-piece ensuite. All ages, 2 pets, no vicious dogs. Open House Sunday, May 5, 2:30 to 3:30 (id:48205)

3 Bedroom 4 Bathroom 1932
For sale
$1,298,000
26 15030 28 AVENUE, surrey, British Columbia

26 15030 28 Avenue

Surrey, British Columbia

Welcome to THE OAK the luxurious residences featuring 4 bedrooms, 4 bathrooms, standard air conditioning, custom closet systems, built-in fireplaces and large windows that flood the home with natural light. Build quality is second to none: Master bedroom with 12' ceilings, ensuites with a spa-like feel, two closets for him and for her, floor-t0-ceiling windows and Juliet balconies. Modern kitchens features stainless smart appliances and a large quartz island with custom built-in breakfast table. Large side-by-side garage, great fitness centre and more. (id:48205)

4 Bedroom 4 Bathroom 2055
For sale Open House
$1,288,000
12 2780 150 STREET, surrey, British Columbia

12 2780 150 Street

Surrey, British Columbia

FINALLY! A gorgeous 3-Bedroom/3BATH unit in The Daventry is now for sale - the largest floorplan in the complex! Great for downsizers and families, this Half-Duplex - style unit has lots of privacy and 240sf outdoor space for bbqs, entertaining & indulging your green thumb. FULLY renovated, it features a huge kitchen w/breakfast bar; large MAIN FLOOR Primary suite w/ensuite & W/I closet; Vaulted ceilings, 2nd floor Family Room, B/I shelving in BRs, new landscaping. Attached 2-car Garage w/438sf space and Overhead storage for all your stuff. Quiet location yet so close to shopping, transit, restaurants and Forest walking trails. Friendly complex w/Amenity Building for Game nights, BBQs, Darts, pool table. Measured by BC Floorplans as 1798sf; Strata Plan = 1764sf, plus garage. 2 Pets OK. (id:48205)

3 Bedroom 3 Bathroom 1798
For sale Open House
$1,279,900
27 15030 28 AVENUE, surrey, British Columbia

27 15030 28 Avenue

Surrey, British Columbia

Welcome to this exceptional townhome at "The Oaks", that embodies a perfect blend of comfort, luxury, and superior craftsmanship. Boasting 4 beds, 4bath, central AC & heating, a built-in fireplace & expansive windows that saturate the home with natural light, this residence offers an unrivaled living experience. Revel in unobstructed mountain views & over 1900 square feet of living space. The master bedroom delights with 12-foot ceilings, an ensuite bathroom, two closets, floor-to-ceiling windows, and a charming Juliet balcony. The modern kitchen features stainless appliances and a large quartz island with a custom built-in breakfast table and a balcony to enjoy a drink and a bite to eat. The double garage is equipped with rough-in for an electric vehicle. Semiahmoo Trail & Elgin Secondary (id:48205)

4 Bedroom 4 Bathroom 2045
For sale
$1,269,900
13 2669 154 STREET, surrey, British Columbia

13 2669 154 Street

Surrey, British Columbia

ELISA AT SUNNYSIDE PARK - South Surrey's first sunroom & rooftop townhomes, offering panoramic views of a 15-acre park. Single-family living spanning 2-3 levels, featuring main living on ground floor, front yards & spacious back patios. Proximity to shopping, acclaimed schools & more! Benefit from secure underground EV parking (7'Height) w/private entry doors in front of each stall, luxurious interiors inspired by the North Shore & energy-efficient heat pumps. Optional upgrades incl. multi-zone A/C, bespoke built-in storage & combining bedrooms into expansive master suites. With homes ranging from 1339-1955 sf & strata fees Est. $0.14/sf, Elisa presents an unparalleled opportunity for sophisticated living in South Surrey's most sought-after address. Book your private appointment today! (id:48205)

3 Bedroom 3 Bathroom 1897
For sale
$1,236,000
1957 158A STREET, surrey, British Columbia

1957 158a Street

Surrey, British Columbia

Great opportunity in South Surrey! Builder/Developer/Multi family compound, opportunity to purchase a one duplex lot (7300 sq feet) to be rezoned to RF single family (roughly 60 feet x 118 feet). Good interior conditions bring you more while applying rezoning. tons of parking, private setting located close to amenities. No strata fees and no restrictions! Must see! Developer & Investor Alert!! (id:48205)

2 Bedroom 1 Bathroom 798
For sale
$1,199,000
15 14541 WINTER CRESCENT, surrey, British Columbia

15 14541 Winter Crescent

Surrey, British Columbia

Welcome to River and Pine, a neighborhood nestled alongside the tranquil Nicomekl River in South Surrey. The exquisite home offers 4 bedrooms & 3.5 baths, including a lower level bedroom and bath. Step into luxury as you enter the spacious kitchen featuring a large patio. Enjoy the upgraded Samsung appliances, including gas range stove, complemented by designer cabinets, white tile backsplash, matte black kitchen faucets, under the cabinet lighting & elegant quartz countertops. Features include a 2-car garage with rough-in for an electric car charger, tankless electric hot water, A/C, central vacuum & alarm system. Relax in the spacious living area, highlighted by a featured tile wall with a built-in TV nook & electric fireplace. Easy access to HWY & close to a planned 3km riverfront park. (id:48205)

4 Bedroom 4 Bathroom 1824
For sale
$1,198,000
1955 158A STREET, surrey, British Columbia

1955 158a Street

Surrey, British Columbia

Great opportunity in South Surrey! Half duplex on 7300 sqft lot with 2 bedrooms, tons of parking, a detached garage, private setting located close to amenities. No strata fees and no restrictions! Must see! Developer & Investor Alert!! (id:48205)

2 Bedroom 1 Bathroom 948
For sale
$1,189,000
3742 NICO WYND DRIVE, surrey, British Columbia

3742 Nico Wynd Drive

Surrey, British Columbia

Nico Wynd Estates! Gorgeous, completely renovated 1785 SF townhome with 3 bedrooms (two Primary Suites, one on the main level) and lovely, quiet greenspace location. With Nico Wynd, you own part of 76 acres with unlimited golf for 2, plus full access to the pool, hot tub, fitness centre, pickleball and tennis courts and private marina! This is the active & social lifestyle you've been searching for. You're steps away from the recently updated Clubhouse with great food, live music & social events. The home has been completely renovated, including white cabinetry with black hardware, quartz counters, beautifully renovated baths, lovely hardwood flooring, shiplap ceilings and wainscotting, all new lighting and more! This one is an absolute stunner! Ready for you to move right in. (id:48205)

3 Bedroom 2 Bathroom 1785
For sale
$1,179,900
116 1770 128 STREET, surrey, British Columbia

116 1770 128 Street

Surrey, British Columbia

Beautifully updated 3 bedroom townhome in highly desirable Ocean Park! Over 2000 square feet with a bedroom on the main floor in the Palisades complex. White kitchen, stainless steel appliances with lovely updating throughout, including bathrooms.2 bedrooms up and a large rec room on the lower level. West exposed patio with lots of sunshine. Double garage and loads of storage. Pet friendly (2), 55+ (one person). Main$540.45/mo. Live the resort lifestyle and walk to the beach and all the amenities in Ocean Park from your new home! (id:48205)

3 Bedroom 3 Bathroom 2071
For sale Open House
$1,159,000
13 14541 WINTER CRESCENT, surrey, British Columbia

13 14541 Winter Crescent

Surrey, British Columbia

River + Pine is a tranquil neighbourhood, this is a home tucked alongside the Nicomekl River in South Surrey. Featuring Three Outdoor Spaces! Welcoming front entry, inviting living room with adjacent dining area & Chef's inspired kitchens. Features upgrades include wide plank laminate flooring throughout including stairs, A/C, central vacuum, oversized windows & designer lighting. Gourmet kitchens with stainless steel Samsung appliances including gas stove, designer cabinets, full height porcelain tile backsplash, Matte black kitchen faucets, under cabinet lighting & Quartz countertops throughout, Epoxy Flooring in Double Garage with EV Car Charger for your Electric car. Trails and Park steps away! Close to commuter routes, schools & local amenities. Open House Saturday 20th 1-3 Welcome! (id:48205)

3 Bedroom 3 Bathroom 1566
For sale
$1,149,000
7 15166 20 AVENUE, surrey, British Columbia

7 15166 20 Avenue

Surrey, British Columbia

Welcome to this beauty at Rosegate, located right beside Windsor square in South Surrey! This adult 55+ community is centrally located and is within walking distance of a ton of the amenities that uptown South Surrey has to offer! This unit is completely renovated from top to bottom including a new furnace, instant hot water, a steam shower, new appliances, new laminate flooring, and air conditioning! There is absolutely nothing needed to be done, this is move in ready! The closed in sunroom faces south onto this unit's backyard! Come see this gem today! (id:48205)

2 Bedroom 2 Bathroom 1265
For sale
$1,145,000
49 2500 152 STREET, surrey, British Columbia

49 2500 152 Street

Surrey, British Columbia

A sensational Private 3 bedroom,3 bath and 3 level townhome located at "The Peninsula " Offering approximately 2866 sq ft of spacious living. Large entertainment areas including a living and dining room with gas fireplace /separate eating area off the kitchen and placing the Primary Bedroom on the Main floor w Spa like private ensuite. One Level Living without Stairs ! This townhome offers the perfect blend of functionality and comfort with Prime location on the quiet side of the complex. Spacious Downstairs rooms n private office w walk out access to the backyard perfect for dining gardening or relaxation. This 55+ gated community ,welcomes pets rentals with a clubhouse/games room area. Ample visitor parking. Close to transit, amenities, shopping, and recreation, it offers you the perfect lifestyle (id:48205)

3 Bedroom 4 Bathroom 2866
For sale
$1,135,000
42 2688 150 STREET, surrey, British Columbia

42 2688 150 Street

Surrey, British Columbia

Gracious townhouse in respected Westmoor 55+ complex. Soaring 19' ceilings and large windows bring lots of natural light. Spacious rooms for house sized furniture and art. 2 gas fireplaces. Enormous primary bedroom with alcove for office or sitting area, huge ensuite bathroom and walk in closet. 2nd bedroom is also generously sized and has own ensuite bathroom. Powder room on the main. New washer and dryer. Sunny east facing patio for relaxing and bbq-ing. Large double garage and full crawl space provides masses of storage. 1 small pet allowed. Professionally managed, well run strata with updates: roofs, gutters, garage doors, exterior painting. Quiet location with easy access to walking trails. (id:48205)

2 Bedroom 3 Bathroom 2140
For sale Open House
$1,100,000
14037 16 AVENUE, surrey, British Columbia

14037 16 Avenue

Surrey, British Columbia

Nestled in the heart of a highly sought-after neighborhood this large half duplex offers an impressive blend of comfort and convenience. Boasting over 2100 square feet of well laid out living space, this property features three generous size bedrooms and a self-contained one-bedroom suite in the basement, ideal for guests, in laws or as a rental opportunity. The large, private lot is a gardener's delight, offering ample sunlight for a vibrant garden to flourish. It's a peaceful retreat from the bustling city life. The heart of the home is the spacious kitchen, which opens onto a large sundeck with beautiful Mountain views. The outdoor space is perfect for entertaining or simply enjoying the quiet. This property is more than just a home; it's a lifestyle and is waiting for your special touch to make it your own. Don't miss your chance to own affordable piece of paradise in South Surrey. Open House May 4 & 5, Sat & Sun 2-4 PM. (id:48205)

4 Bedroom 3 Bathroom 2207
For sale Open House
$1,099,000
28 2999 151 STREET, surrey, British Columbia

28 2999 151 Street

Surrey, British Columbia

You never see any townhomes with such a huge backyard! Welcome to this exceptional family living at South Point Walk built by the reputable Streetside Developments! This large 4-bed, 3-bath townhome is perfect for a growing family. All the 3 levels are above the ground with no basement living area. The open concept floor plan with 9' ceilings offers a SPACIOUS living room with large windows, designer kitchen, S/S appliances, large island, den and family room leading to the patio. Amenities include community garden, kids play area, fitness room and games room. Walking distance to shoppings and restaurants including Save-On-Food, Canadian Tire, Cactus Club, Milestone, RBC Bank, Bus stop and more. School Catchment: Semiahmoo Trail Elenmentary and Elgin Park Secondary. (id:48205)

4 Bedroom 3 Bathroom 1727
For sale
$1,099,000
30 14877 33 AVENUE, surrey, British Columbia

30 14877 33 Avenue

Surrey, British Columbia

Welcome to Sandhurst! Quality built by Polygon. Plenty of space and natural light in this end unit Townhome. Featuring soaring vaulted ceilings, 2 gas fireplaces and kitchen opens to a sunny nook. Step through sliding doors onto a patio & private backyard. Spacious master suite up with large walk-in closet & beautiful ensuite. Two extra bedrooms provide room for guests & an office. Situated in a quiet location within this gated community. (id:48205)

3 Bedroom 3 Bathroom 1797
For sale
$1,079,900
22 2669 154 STREET, surrey, British Columbia

22 2669 154 Street

Surrey, British Columbia

ELISA AT SUNNYSIDE PARK - South Surrey's first sunroom & rooftop townhomes, offering panoramic views of a 15-acre park. Single-family living spanning 2-3 levels, featuring main living on ground floor, front yards & spacious back patios. Proximity to shopping, acclaimed schools & more! Benefit from secure underground EV parking (7'Height) w/private entry doors in front of each stall, luxurious interiors inspired by the North Shore & energy-efficient heat pumps. Optional upgrades incl. multi-zone A/C, bespoke built-in storage & combining bedrooms into expansive master suites. With homes ranging from 1339-1955 sf & strata fees Est. $0.14/sf, Elisa presents an unparalleled opportunity for sophisticated living in South Surrey's most sought-after address. Book your private appointment today! (id:48205)

3 Bedroom 3 Bathroom 1484
For sale Open House
$1,068,800
63 1639 162 STREET, surrey, British Columbia

63 1639 162 Street

Surrey, British Columbia

Welcome to Horizon, almost brand-new End/CORNER unit in the newest community in South Surrey. Located in the desirable location of South Surrey. Steps from urban amenities, beaches, parks, and a short drive to White Rock Pier. This Air conditioning 3 Bedroom + Den + Rooftop patio features a spacious layout with generous 9' ceilings, premium stainless steel appliances, durable plan flooring in the kitchen and living area, tranquil spa like bathrooms, ample storage, expansive oversized windows that provide natural light and upgraded laminate floor through out the home. This unit also features a massive rooftop patio and a huge fenced private backyard. 2 visitor parking spots in front of this home and lots privacy for this unit.Closed to shops and Restaurants. (id:48205)

3 Bedroom 3 Bathroom 1520
For sale Open House
$1,059,900
70 1639 162 STREET, surrey, British Columbia

70 1639 162 Street

Surrey, British Columbia

Top quality Horizon Development, in this pristine 3 bedroom and DEN 2 year old home with 9 feet ceilings in very desirable South Surrey location. Features include Private FENCED BACK YARD, Huge ROOF TOP DECK with serene treed setting, Spacious TWO CAR GARAGE with 2 EV OUTLETS, CENTRAL AIR CONDITIONING, Private GYM. Other features include Durable wide plank floors in Living Room, Dining Room and Kitchen. PREMIUM Stainless steel appliances, gorgeous Upscale bathrooms. Steps to shops, beaches, parks, 2 schools, transportation and short drive to White Rock Pier and many restaurants. Couldn't be nicer. OPEN HOUSE Sunday May 5th 2:00 - 4:00 p.m. (id:48205)

3 Bedroom 3 Bathroom 1459
For sale Open House
$1,050,000
61 2500 152 STREET, surrey, British Columbia

61 2500 152 Street

Surrey, British Columbia

Welcome to The Peninsula - Where Community Meets Comfort! Discover the perfect blend of luxury and convenience in this spacious 3-bedroom, 3-bathroom townhouse. Step inside to find vaulted ceilings and beautifully installed laminate flooring with radiant in-floor heating. The main floor boasts a master bedroom for easy accessibility, while the kitchen features high-end appliances including a Bertazzoni gas stove, granite countertops, and more. With a double car side-by-side garage, you'll have plenty of space for your vehicles and storage needs. As a corner unit, enjoy the added privacy of a beautiful private yard with a stunning rock garden and natural gas BBQ hookup. Recently painted throughout, this townhouse is move-in ready. Experience community living at its finest at The Peninsula! (id:48205)

3 Bedroom 3 Bathroom 1807
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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