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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
$1,049,999
113 15121 19 AVENUE, surrey, British Columbia

113 15121 19 Avenue

Surrey, British Columbia

Rarely rancher townhouse in Orchard Park! This charming 2-bedroom rancher townhome boasts a prime location, just a stone's throw away from uptown South Surrey/White Rock, parks, shopping, transportation, and all essential amenities. Meticulously maintained, this home features lush landscaping, a private backyard with a covered patio, and a double garage. Inside, you'll find a generously sized master bedroom with a fantastic walk-in closet and an ensuite offering double sinks, a separate shower, and a luxurious soaker tub. School Catchment: H. T. Thrift Elementary & Semiahmoo Secondary (id:48205)

2 Bedroom 2 Bathroom 1380
For sale Open House
$1,049,999
107 15550 26 AV AVENUE, white rock, British Columbia

107 15550 26 Av Avenue

White Rock, British Columbia

LOCATION***LOCATION***LOCATION***Fantastic access to both Highways . Set right across Sports arena . This 2 storey Townhouse will make you feel as if you were inside a Single Family House . Large and spacious Living area has open concept . Outdoor decks and Patios are just perfect for Lazy summer afternoons and family dinners .This townhouse overlooks the sports arena . Walking distance to Morgan Crossing shopping and sunnyside outdoor pool .Book your showings Now ***BEFORE ITS GONE ***Properties like this dont last long . OPEN HOUSE . SAT & SUN . APR 27 & 28 . 2PM TO 4PM . (id:48205)

3 Bedroom 3 Bathroom 1686
For sale
$1,049,000
17 16357 15 AVENUE, surrey, British Columbia

17 16357 15 Avenue

Surrey, British Columbia

Beautiful, serene 4 bedroom, 3.5 bathroom home with a covered deck with gas hookup that overlooks the protected green space. An abundance of privacy on both sides with natural light! Bright and open gourmet kitchen with stainless steel appliances, gas range, modern white cabinetry, quartz countertops, large island with breakfast bar and a spacious dining room for entertaining. High end finishings and 9' ceilings. Large Primary Bedroom has walk in closet & 5 piece ensuite. Ground level 4th bedroom with its own ensuite is perfect for guests, parent, teenager or office space. Double side-by-side, 2 car garage. Brand new carpet on stairs and top floor. Built by Dawson & Sawyer, this home is a must see with its private & quiet location in the complex and generous fenced yard facing green space! (id:48205)

4 Bedroom 4 Bathroom 1658
For sale
$1,048,900
29 14909 32 AVENUE, surrey, British Columbia

29 14909 32 Avenue

Surrey, British Columbia

Ponderosa Station! Gated Community. This sought after 2 bedroom Rancher style home with 9' ceilings, rarely becomes available. Formal living room with gas fireplace and dining room. Large kitchen with quartz counters, S/S Appliances, white cabinets and bright eating area with sliding doors out to sunny South exposed private patio with awning. Cozy family room with gas fireplace off the kitchen area. Large Primary bedroom with 5 pce.ensuite. 2nd bedroom is well separated for privacy. Radiant in-floor heating (new boiler) throughout the whole unit & new tankless Navien hot water heater. Excellent club house featuring: large exercise room, a games room with pool table, shuffleboard, etc. Walk to Southpoint Mall for stores, restaurants and transit. OPEN HOUSE SATURDAY APRIL 20th 2:00-4:00 pm (id:48205)

2 Bedroom 2 Bathroom 1445
For sale
$1,039,000
12 16357 15 AVENUE, surrey, British Columbia

12 16357 15 Avenue

Surrey, British Columbia

Welcome home to the quaint community of Dawson's Creek. This well maintained 4 bed/ 3.5 bath home offers 1,726 sqft of functional living space. The main floor boasts a bright open layout w/ formal living & dining areas and a gourmet kitchen with S/S KitchenAid appliances, gas range & large breakfast bar island. Upstairs is the primary retreat w/ ensuite & spacious walk in closet + 2 additional bedrooms & 1 bathroom. The lower level features a generous sized bedroom + ensuite, perfect for out of town guests or growing families. Incredible outdoor space w/ small fenced area out front & TWO BALCONIES off of the main floor, one covered and equipped with a built-in overhead heater to enjoy year round. Great location, enjoy easy access to transit, grocers, Highway 99 & all levels of school. (id:48205)

4 Bedroom 4 Bathroom 1726
For sale
$1,038,000
42 2528 156 STREET, surrey, British Columbia

42 2528 156 Street

Surrey, British Columbia

Immaculately cared for 3 bed, 4 bath 1588 sf street facing end unit in Zirkon. Double wide garage w/ EV charger. This modern design features great room w/ 10" ceilings on the main floor, stainless appliances, quartz counters with a large island in the kitchern, wide plank scraped laminate flooring, elegant fireplace and powder room. Large Primary bedroom upstairs features walkin closet, double bathroom sinks and walkin shower. Another 2 bedrooms upstairs with another full bathroom. Lower level features powder room with den that can easily be converted to a 4th bedroom. Balcony off the kitchen with gas hookup for bbq. Central location near South Pointe, Granview Corners/Morgan Crossing and steps to Sunnyside Park. This home is a must see 10/10. (id:48205)

3 Bedroom 4 Bathroom 1588
For sale Open House
$1,035,000
21 15950 ALDER PLACE, surrey, British Columbia

21 15950 Alder Place

Surrey, British Columbia

Must be seen to be appreciated. Right from the first floor you will see the difference looking at the large double garage with epoxied floor and access to backyard redone with high quality artificial turf for year round pristine appearance. The main floor features a Great Room design tastefully decorated with designer colors, many upgraded fixtures including a gas stove with a pot filler. Main floor has an organizer Pantry plus a handy Laundry room. You can also step onto a covered deck with a natural gas hookup for convenient barbequing. Upper floor has a good size master bedroom with a large ensuite boasting a walk-in shower featuring dual shower heads. Some additional features are Central Air Conditioning - Smart Home Features - Dual Sound System etc. Open May 4 from 2:00 - 4:00. (id:48205)

3 Bedroom 3 Bathroom 1497
For sale Open House
$999,888
24 16337 15 AVENUE, surrey, British Columbia

24 16337 15 Avenue

Surrey, British Columbia

Space, Space, Space. This 4 bed & 4 bath jewel has tons of room for everyone. Located in a quiet & safe neighbourhood. Upgrades such as dining area mill work, patio heater, and a finished garage make this home extra special. From the living room, step outside onto the covered heated deck, so you can enjoy the outdoors anytime. Side-by-side double garage so parking is a breeze! Lower floor has a fourth bedroom + bathroom, so guests can have their privacy. Freshly painted & ready to move in. North - South facing unit brings in natural light that brightens your home without overheating. This unit is off the main driveway which makes it very safe for children. 4 guest parking spots close by. Quick walk to Chans supermarket & easy access to playground, highway, transit, shopping & recreation. (id:48205)

4 Bedroom 4 Bathroom 1663
For sale
$999,000
42 1670 160 STREET, surrey, British Columbia

42 1670 160 Street

Surrey, British Columbia

Welcome to Isola, Built in 2020 by a renowned developer Mortise , discover this beautiful 1466 sq ft townhome unit located in a desired neighbourhood in South Surrey. This property offers a double car Garage along with a spacious Den and ample storage space. Comes with a luxurious Kitchen and modern appliances, a spacious living room with Fireplace perfect for you and your family. This 3 bedrooms + 4 washrooms unit offers great comfort along with bright lighting. Featuring a Central A/C, surround sound system , Roughed in vacuum and security system, this property offers a spacious patio and a deck for your friends and family barbecue. Quick access to White Rock Pier, King George Boulevard , USA Border and Hwy 99. Don't miss the chance to make it your home! (id:48205)

3 Bedroom 4 Bathroom 1466
For sale Open House
$999,000
31 2925 KING GEORGE BOULEVARD, surrey, British Columbia

31 2925 King George Boulevard

Surrey, British Columbia

Welcome to Keystone, This exceptional residence boasts an inviting open-concept layout adorned with gleaming hardwood floors and lofty 9-foot ceilings. Perfect for entertaining guests, Main floor features a gourmet kitchen equipped with high-end SS appliances, complemented by a sprawling granite island. Upstairs, retreat to master bedroom with vaulted ceilings w/ ensuite, a spacious dressing room. 2 more bedrooms offering ample space. The main floor office doubles as a versatile 4th bedroom, while the flex room below offers endless possibilities - whether it's a media haven, a cozy theater room, or a party space. Step outside to enjoy the patio & backyard. side-by-side garage. Easy access to shopping, the picturesque Semiahmoo Trail, cinemas, golf courses, and recreational centers. (id:48205)

4 Bedroom 3 Bathroom 1774
For sale Open House
$999,000
11 3339 148 STREET, surrey, British Columbia

11 3339 148 Street

Surrey, British Columbia

Stunning 3-bed, 3-bath modern farmhouse-style townhome built by Park Ridge Homes! The kitchen comes equipped with stainless steel appliances, including a professional French La Cornue gas range, stone countertops, a large island, and ample storage space. Open concept on the main with a beautiful white brick fireplace. Vaulted ceilings in the primary bedroom with ensuite featuring dual vanity and walk-in closets. All the perks, END UNIT including a side-by-side garage, forced-air furnace, and hot water on demand! Finishes include shiplap, hand-crafted wood beams, and more! Steps away from Choices Market, Starbucks, and in close proximity to great restaurants, Semiahmoo IB School Catchment, and fabulous shopping at Morgan Crossing & Grandview Corners. Open House Sat May 4, 2:00 - 4:00 (id:48205)

3 Bedroom 3 Bathroom 1526
For sale
$998,000
4 16323 15 AVENUE, surrey, British Columbia

4 16323 15 Avenue

Surrey, British Columbia

Rare 1620 sqft, 4 bedroom, 3.5 bath beautiful town home in desirable South Surrey is close to EVERYTHING! One owner home in small boutique development "Dawson's Creek" built in 2018 and still under partial warranty. Very well cared for & shows like new. Great flexible floor plan offers a lovely bedroom/ en-suite combination on the ground floor + primary bedroom with 5 pc en-suite with walk-in closet + 2 addition spacious bedrooms & full bath up. Main floor offers contemporary open concept design, tucked away powder room, gorgeous kitchen complete with quartz counters, S/S appliances including gas range, B/I microwave, huge dining area that will accommodate even the largest dining sets + covered deck for year round BBQ's, fenced front yard + oversized double garage. (id:48205)

4 Bedroom 4 Bathroom 1620
For sale
$988,000
305 14588 MCDOUGALL DRIVE, surrey, British Columbia

305 14588 Mcdougall Drive

Surrey, British Columbia

FOREST RIDGE built in 2021 by Quadra Homes (under warranty). One of the best locations & largest floorplans in the complex. 1562 sq ft. Beautiful solarium with fully retractable windows. Chef inspired kitchen with 5 burner gas stove top, double ovens, quartz countertops. Heat Pump/AC in each room. Insulated sound deadening concrete flooring, heated bathroom floors. Amazing quiet views of inner courtyard/Gardens. This 2 Bed 2 Bath plus den is immaculate and shows a 10! 2 parking with large walk in storage room with car charging capabilities. Amenities incl party room, library, ping pong table, foosball table, movie screen, kitchen, gym & guest suite. This is an amazing complex & condo centrally located. Short walk to park & ride, Golf, shopping etc. (id:48205)

2 Bedroom 2 Bathroom 1562
For sale Open House
$968,000
106 3535 146A STREET, surrey, British Columbia

106 3535 146a Street

Surrey, British Columbia

Feels Like a Rancher! Welcome to this Luxurious 1128 sq ft First Floor, Corner Unit with 2 Bed/2 Bath/Open Den at Forest Ridge. Featuring high-end finishings throughout, gourmet kitchen, quartz counters, elegant primary bedroom/ensuite with walk-in closet, heated bathroom floors and A/C. Relax in privacy, overlooking the courtyard and green space from all main living areas. Amazing 229 sq ft retractable glass solarium with fireplace for year round enjoyment. Step outside to your fenced 200+ sq ft patio/garden for the ultimate in indoor/outdoor living! Convenient front and back entrances to your home, 2 parking and extra-large private storage with an electrical outlet for car charging. Close to Hwy 99, Park and Ride, shopping, golf and Crescent Beach. You will love this lifestyle! (id:48205)

2 Bedroom 2 Bathroom 1128
For sale Open House
$957,000
509 14588 MCDOUGALL DRIVE, surrey, British Columbia

509 14588 Mcdougall Drive

Surrey, British Columbia

READY TO MOVE IN ** FOREST RIDGE** TOP FLOOR END UNIT!! Don't miss your opportunity to own in the stunning FOREST RIDGE unique 3 bedrooms home. Minutes from Crescent Beach, South Surrey Park n' Ride and Hwy 99! One of the BEST Floor PLAN 3 BED & 2 FULL BATH, 1112 sq. ft. PLUS Huge retractable glass solarium 211 sq. ft. in size with gas connection for BBQ - perfect for year round entertaining! Gourmet Samsung appliances, including 5 burner double oven, quartz countertops, ENERGY EFFICIENT HEAT PUMP (AC & hear), heated bathroom floors & so much more. Comes with 2 parking stalls & private storage in garage with electrical outlet capable for ELECTRIC CAR CHARGING! (id:48205)

3 Bedroom 2 Bathroom 1120
For sale
$950,000
8 2528 156 STREET, surrey, British Columbia

8 2528 156 Street

Surrey, British Columbia

You've been looking for a yard for the kids or pets... this is it! Showcasing this LARGE 3 BEDROOM + DEN. A modern open concept home, boasting a perfect floor-plan, featuring 10 foot ceilings, large windows and a huge front patio. A large, bright kitchen with stainless steel appliances, 5 burner gas cooktop and big kitchen island perfect for hosting guests! AND DONT FORGET the bonus DEN downstairs that looks out to the yard, this is your ideal space for a home OFFICE, GYM or a 4th BEDROOM! But the best part of this home is the HUGE FULLY FENCED BACK YARD that you don't have to go through a garage to get to! Located steps to Sunnyside Park (playground, ballfields and an outdoor pool) and Morgan Crossing, Peninsula Village and all the grocery stores yet tucked away in quiet Sunnyside Park. (id:48205)

3 Bedroom 3 Bathroom 1536
For sale
$949,900
136 16275 15 AVENUE, surrey, British Columbia

136 16275 15 Avenue

Surrey, British Columbia

SUNRISE POINTE - Rarely available 3 bedroom townhome in gated community in South Surrey situated in quiet cul-de-sac. Well maintained home features a floor plan that flows with day to day living. Main floor features living room with gas fireplace, dining room with vaulted ceiling and two sliding doors out to south facing patio. Tranquil outdoor space is surrounded by lush landscaping, mature trees and greenery. Bright white kitchen and eating area boasts newer appliances. Spacious bedroom/office on main floor (11'10x11'8). Upstairs features two large bedrooms, including a primary bedroom with fireplace. Bonus: on-demand hot water, radiant in-floor heating and 2 skylights. Active clubhouse with many social activities. Walking distance to Chan's Market. Great neighbours and well run strata. (id:48205)

3 Bedroom 3 Bathroom 1822
For sale
$928,000
6 15133 29A AVENUE, surrey, British Columbia

6 15133 29a Avenue

Surrey, British Columbia

Beautiful & spacious 1649 square ft END UNIT in Stonewoods. 3 bedroom, 3 bath + BIG rec room (could be office + den/guest room) which walks out to a large fenced private backyard with turf, connected to green space; 2 patios: one front, one back and DOUBLE side by side garage (with lots of storage space) + 2 EXTRA parking spaces. Open kitchen with eating area. Gas fireplace in living room. Central location - close to schools (Semi Trail Elem, Elgin HS), parks + trails. Walking to Southpoint shopping mall (private access from the complex); easy access to Highway 99 + transit. Clubhouse includes gym, plus a playground for the kids. Quick possession is available. (id:48205)

3 Bedroom 3 Bathroom 1649
For sale
$925,000
7 15128 24 AVENUE, surrey, British Columbia

7 15128 24 Avenue

Surrey, British Columbia

Semiahmoo Trail, a creation by the renowned Dawson&Sawyer! Explore this inviting unit, meticulously maintained by the original owners, boasting an array of contemporary features. Indulge in the culinary delights of a gourmet kitchen outfitted with S/S appliances, a gas range, quartz countertops. Bask in the abundance of natural light cascading through expansive windows and unwind in the airy, sunken living room accentuated by its 10ft ceiling. Upper level 3 bedrm, master has vaulted ceiling, walk in closet, 4pc ensuite with double sinks. Lower level flex room/4th bedrm, 4pc bath, double garage and ample storage. Situated within close proximity to shopping, amenities, dining, parks, best schools, and public transit, this residence presents an unparalleled opportunity not to be missed! (id:48205)

4 Bedroom 3 Bathroom 1576
For sale
$924,900
30 3387 KING GEORGE BOULEVARD, surrey, British Columbia

30 3387 King George Boulevard

Surrey, British Columbia

Welcome to Silver Pond Estate, a tranquil, gated community of 36 townhomes nestled among ponds, towering trees & lush greenspaces. This immaculately maintained home features 2 large, bright bedrooms up + office, 2.5 baths incl. a spa-like ensuite with vaulted skylight & walk-in closet, single car garage & fenced in patio & garden that looks out to blossoming trees & private garden paths. The main floor has a generous living room w/gas fp, laundry room & bonus den space, a spacious kitchen w/plenty of storage & quartz counter space & a dining area that opens out to your south facing patio where you can enjoy morning coffees with the hummingbirds. This dog friendly oasis is close to shopping & schools, has a second parking spot & is 100% move-in ready. (id:48205)

2 Bedroom 3 Bathroom 1661
For sale
$899,900
19 2345 CRANLEY DRIVE, surrey, British Columbia

19 2345 Cranley Drive

Surrey, British Columbia

For sale: 2-bedroom, 2-bathroom rancher-style detached home in the peaceful and friendly 55+ LeMesa community in South Surrey. This double-detached manufactured home on concrete foundation comes with land ownership and features a spacious southwest-facing backyard, enclosed patio, ample parking with a large covered garage and a two-car driveway. Pets of all sizes are welcome, and there are no age restrictions for spouses under 55 or adult children (19+) living with owners. Conveniently located near major shopping at Grandview Corners, including Home Depot, Walmart, Best Buy, pharmacies, medical facilities, Superstore, and restaurants. Strata fees cover water, sewer, and yard maintenance for added convenience. (id:48205)

2 Bedroom 2 Bathroom 1240
For sale Open House
$899,900
9 1868 LILAC DRIVE, surrey, British Columbia

9 1868 Lilac Drive

Surrey, British Columbia

Welcome to Crestview, a boutique collection of 18, three to four bedroom townhomes with rooftop decks. Crestview are stunning townhomes, spanning between 1,237 sqft to 1,850 sqft, all crafted to embody an unwavering commitment to bold, modern, and luxury design. Discover South Surrey's carefree lifestyle with effortless connectivity to vast green spaces, unique local amenities, and a wealth of new experiences that make for life-long memories. Visit us at our Alvair Show Suite #31 - 6138 128 Street, Surrey! Open House's Saturday's & Sunday's 2-5pm. (id:48205)

3 Bedroom 3 Bathroom 1236
For sale Open House
$899,888
409 3585 146A STREET, surrey, British Columbia

409 3585 146a Street

Surrey, British Columbia

Over 1,500 square feet of indoor and outdoor living space! Priced to sell, this stunning property and quiet neighbourhood have so much to offer. Enjoy the stunning West-facing view from your massive enclosable patio. The den is huge and used as a 3rd bedroom. The two main bedrooms are far apart for privacy. The interior is in immaculate condition. The building was built in 2020 and is in brand-new condition. Full access to the gym & party room. We are very close to Choices, Nicomekl River, Crescent Beach, and the freeway. Two dogs up to 30 lbs are permitted. This is a must-see property. Two weeks of opens with offers by 5 pm May 7th. Open houses SAT 2-4 pm & SUN 12-2 pm. 3D Matterport tour here: https://my.matterport.com/show/?m=YsVDfEyf6XD (id:48205)

3 Bedroom 2 Bathroom 1501
For sale Open House
$899,000
81 15268 28 AVENUE, surrey, British Columbia

81 15268 28 Avenue

Surrey, British Columbia

Discover Old School, a charming townhouse in the heart of South Surrey. With over 1,500 square feet of modern living space, this 4-bed, 3-bath residence boasts a thoughtful layout and north and south-facing orientation. Enjoy a split-level design with distinct kitchen/dining and living areas, featuring a generously sized kitchen with quartz countertops and premium appliances. Step into the luminous living area leading to a sizable sundeck, perfect for gatherings. The ground floor offers a spacious bedroom, full bathroom, and double garage. Located near shopping, dining, schools, and public transit. Join us for an open house on May 4th and 5th from 1:00 to 5:00 pm. (id:48205)

4 Bedroom 3 Bathroom 1524
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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