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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
$1,629,900
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 Sun. June 30 2-4. Ask your Realtor to arrange a private tour or ask your Realtor to arrange a private tour. (id:48205)

3 Bedroom 3 Bathroom 2093 sqft
For sale Open House
$1,620,000
1559 161 STREET, surrey, British Columbia

1559 161 Street

Surrey, British Columbia

Developer alart! 11,518 sqft lot & 1778 sq ft of living space. Very private property set back from 161 st (no through road) with a gated entry. Spacious & very bright gourmet kitchen & stainless steel appliances. 2 bedrooms, an office ( has 2 doors, no window, poss 3rd bdrm) . The loft (under 6' ) makes a wonderful play room or extra bdrm. New roof, newer siding, windows, furnace, on demand water system, plus more! Close to South Meridian Elem School & in the Ear Marriott Sec Catchment area. (id:48205)

3 Bedroom 2 Bathroom 1778 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
1901 E SOUTHMERE CRESCENT, surrey, British Columbia

1901 E Southmere Crescent

Surrey, British Columbia

Fantastic Tudor style residence in the Sunnyside Park neighborhood. This meticulously cared-for Craftsman-style house showcases a timeless interior design and features 3 bedrooms and 3 bathrooms. Renovations include newer floorings, newer carpets, newer interior paintings, newer furnace, newer water tank and more. The south west facing kitchen and family room provides lots of sunshine. The bright SOLARIUM adjacent to the family room offers enchanting views of the manicured gardens in a serene atmosphere. This gorgeous home is positioned directly beside a convenient walking path leading to Southmere Village PARK, Save On Foods, major bus routes, Semiahmoo Mall, and more. It's just situated for utmost convenience. Semiahmoo Secondary. (id:48205)

3 Bedroom 3 Bathroom 2204 sqft
For sale Open House
$1,599,000
14728 17 AVENUE, surrey, British Columbia

14728 17 Avenue

Surrey, British Columbia

This charming residence was completely renovated in 2009, featuring maple hardwood flooring, a maple kitchen with granite countertops, all new appliances, and all new bathrooms. Enjoy a spacious and freshly painted interior along with a huge deck perfect for entertaining. The home boasts a huge sunny south-facing backyard, ideal for outdoor activities. Recent upgrades include a new roof installed just 3 years ago. The location is unbeatable with a 3-minute walk to the swimming pool and a 4-minute walk to H.T. Thrift Elementary School and Semiahmoo Secondary. Enjoy the convenience of being within walking distance to White Rock Beach, the library, shopping centers, Rec Centre, Athletic Park, and South Surrey Arena. This is a perfect family home in a prime location! (id:48205)

5 Bedroom 3 Bathroom 2282 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! (id:48205)

5 Bedroom 5 Bathroom 3291 sqft
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 Open House
$1,549,000
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
$1,549,000
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
$1,539,000
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. (id:48205)

2 Bedroom 2 Bathroom 1682 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
For sale
$1,529,000
3699 NICO WYND DRIVE, surrey, British Columbia

3699 Nico Wynd Drive

Surrey, British Columbia

Welcome to the Lower Mainland's best kept secret, NicoWynd Estates. Unlimited golf awaits you is this fully renovated 2 level corner townhouse. Boasting all new engineered hardwood flooring, Starline double & tripled glazed windows, ultimate 80,000 BTU fireplace & convector wall heaters. This high end open plan is perfect for entertaining, including a premium equip kitchen with quartz countertops & sit up bar.Enjoy the sun soaked SW patio with golf course view. New reno, incl. a designer California Closet dressing room, high end berber carpet on 2nd level & glass partition staircase.Energy efficient living. Ownership incl. 2 golf memberships, club house pool&hot tub, tennis/pickleball courts,private marina,amazing restaurant with live music&entertainment. Enjoy active living at its best. (id:48205)

3 Bedroom 3 Bathroom 2252 sqft
For sale
$1,524,999
15752 23B AVENUE, surrey, British Columbia

15752 23b Avenue

Surrey, British Columbia

Serenity now!!! This amazing home is in desirable Cranley Village located in the heart of South Surrey. Featuring 3 beds, 3.5 baths and over 2,600 sqft. of living space on a corner lot. Bask in complete privacy with tall hedges surrounding the updated patio & pergola! Additionally, there are many recent interior/exterior renovations such as an amazing new kitchen + updated brickwork & railings to complement your private backyard for unbelievable backyard BBQs! This spectacular neighbourhood is very family oriented & the home must be seen to be appreciated. With easy access to both King George Blvd., HWY 99 & transit, this home is perfect for everyone! Don't miss out on this fantastic opportunity to live close to all amenities + have easy access to White Rock beach! (id:48205)

3 Bedroom 4 Bathroom 2617 sqft
For sale
$1,519,000
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 sqft
For sale
$1,500,000
12234 GILLEY STREET, surrey, British Columbia

12234 Gilley Street

Surrey, British Columbia

Nestled within the coveted embrace of Crescent Beach, this charming bungalow offers a rare opportunity for sea side living. Situated on a 50 x100 southwest-facing lot, enjoy ample sunlight throughout the day. With visions of crafting your ideal future forever home, in the meantime enjoy the iconic pink palace of Crescent Beach. The current bungalow boats just over 1000 square feet of open airy space, accompanied by 3 cozy bedrooms. This strategic investment promises both immediate enjoyment and long-term value appreciation. Embrace what one of the quietest streets in the village can offer, along with one the most sought out backyard exposures one could ask for. Call today and take advantage of coastal living and seize the opportunity to make your mark on Crescent Beach ! (id:48205)

3 Bedroom 1 Bathroom 1078 sqft
For sale
$1,499,900
2022 154 STREET, surrey, British Columbia

2022 154 Street

Surrey, British Columbia

Location Location! This fully renovated 2245sqft, 6 bedroom, 4 bathroom, basement entry home nestled on a 7466 sqft lot in the heart of South Surrey. Updates throughout including: newer flooring, paint, moldings, lighting, windows, the list goes on. Kitchen is a chef's delight, showcasing newer s/s appliances, quartz countertops, ample cabinetry, and a convenient island that offers additional counter space. BONUS games room/bedroom downstairs, complete with wet bar and 2 piece bathroom. 2 bedroom in-law suite with separate entrance. Loads of storage. RV parking available. Close proximity to schools, South Surrey Athletic Park, shopping centers, and all the amenities that South Surrey has to offer. Easy access to major transportation routes. (id:48205)

6 Bedroom 4 Bathroom 2445 sqft
For sale
$1,499,000
1988 140 STREET, surrey, British Columbia

1988 140 Street

Surrey, British Columbia

Welcome to this beautifully renovated rancher with 4 bedrooms and 3 bathrooms on a 7105 sqft lot in the heart of Sunnyside Park. Fully updates include a mordren kitchen with s/s appliances/new bathrooms/blinds/laminated flooring throughout /lots of built-in cabinetry and storage/a paved backyard with private gated lane access/ new roof/newer furnace + hot water tank and more! This home is within walking distance to shopping, schools, the Recreation Centre, and extensive biking and walking trails. Semiahmoo Secondary (IB Program) and Bayridge Elementary school catchment. Perfect for families or as an invesment! (id:48205)

4 Bedroom 3 Bathroom 1972 sqft
For sale
$1,499,000
2243 MADRONA PLACE, surrey, British Columbia

2243 Madrona Place

Surrey, British Columbia

This home is priced to sell! Welcome to this spacious, inviting 3 bed, 2 bath rancher, nestled in the heart of South Surrey. Situated on a nearly 8,000 sf lot, boasting a linear, W-facing backyard that offers optimal privacy and features a large, covered 32x12 patio, ideal for entertaining. This residence serves as the perfect family home or an excellent investment opportunity. The property is meticulously maintained, showcasing Brazilian hardwood floors & recent updates include a modern en-suite, updated fridge, W/D, hot water tank and 10-year-young roof. Additionally, the home has been enhanced with upgraded French doors and a refreshed back deck, adding to its charm & appeal. Mins. to all amenities inc. Jessie Lee Elem. & Earl Marriott Sec., all shopping, public transportation, & parks. (id:48205)

3 Bedroom 2 Bathroom 1650 sqft
For sale
$1,495,000
1965 128 STREET, surrey, British Columbia

1965 128 Street

Surrey, British Columbia

Nestled in the heart of Ocean Park, this charming home boasts a cozy atmosphere and sits on a spacious 7400+ sq ft lot. Featuring 3 bedrooms and 2 baths on the main level, along with a convenient 1-bedroom basement suite downstairs. Renovated to perfection, it showcases high-end appliances and fresh paint throughout. Enjoy the large West-facing sundeck off the kitchen, perfect for soaking in the sun. With its excellent location close to transit, schools, and shops, plus just a short stroll to the beach, convenience is at your fingertips. Accessible via a rear lane entrance with ample parking, and equipped with an EV charger for added comfort. (id:48205)

4 Bedroom 3 Bathroom 2345 sqft
For sale
$1,490,000
14466 16A AVENUE, surrey, British Columbia

14466 16a Avenue

Surrey, British Columbia

This recently renovated 3-bedroom south-facing home, with an authorized 1 bedroom plus den suite, located in the Bayridge & Semiahmoo school catchment, is ideal for two-generation family living or rental income. Located within walking distance to Semiahmoo Secondary School, Bayridge Elementary, and excellent amenities such as a mall, gym, library, swimming pool, dog park, trail to the beach & public transit, this home has the perfect location. Enjoy the recently updated interiors and the well-maintained front and backyards. The southern-exposed backyard with lane access, an oversized single garage , a front carport, and an additional tool shed provide ample storage & parking space. Openhouse from 2-4 pm on Sat & Sun (June 22-23). Offer acceptance at 4 pm on June 24 Monday. (id:48205)

4 Bedroom 3 Bathroom 2359 sqft
For sale
$1,450,000
3743 NICO WYND DRIVE, surrey, British Columbia

3743 Nico Wynd Drive

Surrey, British Columbia

Live your BEST life! A unique property nestled along the Nicomekl river in Sunny South Surrey, this one of a kind hidden gem offers an active & healthy lifestyle. Stunning 76acre resort featuring a 9hole golf course (*2memberships & land) tennis/pickleball, indoor pool & hot tub, gym & private marina. End unit, nicely maintained, 3storey townhome with plenty of room for family & friends. Gorgeous vaulted ceilings, sky lights & oversized widows, a lovely peaceful & private space. Walk out basement has many options with it's own kitchen & fireplace, great for inlaws or grandkids! Enjoy the newly upgraded clubhouse & restaurant, the heart of the community with a fabulous new menu & live music! Surrounded by walking & biking trails w/breathtaking views of the North Shore mountains! (id:48205)

3 Bedroom 4 Bathroom 3622 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