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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
$1,135,000
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
$1,129,900
18 1868 LILAC DRIVE, surrey, British Columbia

18 1868 Lilac Drive

Surrey, British Columbia

Welcome to Crestview, a boutique collection of 18, three to four bedroom PRESALE 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 12-5pm. (id:48205)

3 Bedroom 3 Bathroom 1570 sqft
For sale
$1,100,000
14037 16 AVENUE, surrey, British Columbia

14037 16 Avenue

Surrey, British Columbia

This large half duplex feels like an independent home and offers is an impressive blend of comfort and convenience. Over 2100 square feet of well laid out living space, this property features three generous size bedrooms and a self-contained one-bedroom suite. The large, private lot is a gardener's delight and 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 the most affordable piece of paradise in South Surrey. (id:48205)

4 Bedroom 3 Bathroom 2207 sqft
For sale
$1,100,000
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 sqft
For sale
$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
$1,079,900
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
$1,079,000
5 1640 140 STREET, surrey, British Columbia

5 1640 140 Street

Surrey, British Columbia

OCEAN CREST COTTAGES, Unique Townhome, Rancher w/Basement, with Over 1,600 sqft, 2 Bedrooms & 2 Bathrooms. Fully finished Basement with room for another Bedrooms/Recreation room plus Full Bathroom. Great room plan with Vaulted ceilings in Family room, Kitchen & Dining rooms. Bright Kitchen with Skylight, Shaker Maple cabinets, Granite counters & Stainless Steel Appliances. Beautiful Maple Hardwood floors throughout the Main floor & Heated Tile floors in both Bathrooms. Huge Primary Bedroom on the Main Floor with View of Private Patio and Lush Gardens. Fully developed, Wide Open Basement where a 3rd Bedroom could be developed with Window & add closet? Also could be a large Recreation room plus Storage. Good sized Single Garage 11 x 20 w/Driveway for 2nd Car or Truck. (id:48205)

2 Bedroom 2 Bathroom 1660 sqft
For sale
$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
$1,050,000
103 14280 19A AVENUE, surrey, British Columbia

103 14280 19a Avenue

Surrey, British Columbia

TOTALLY DETACHED RANCHER TOWNHOME! - Tiffany Lane - Seldom Available (only 2 fully detached homes in complex) REMARKABLY QUIET inside and out. Great complex, this 2 bedroom and 2 full bathroom home is situated in a safe and quiet residential location. NO age restrictions and small pets are welcomed. NICELY UPDATED WITH BEAUTIFUL ENGINEERED FLOORS THROUGHOUT THE HOME. Luxurious Master ensuite renovation done is 2019. New windows and sliding glass doors. Completely built on 3'9" crawl space for loads of dry storage. Large feature rooms to accommodate house size furniture. Single car garage plus parking for one on the apron. This is like a DETACHED HOME... No adjoining walls at all!! (id:48205)

2 Bedroom 2 Bathroom 1374 sqft
For sale
$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
$1,049,900
51 2588 152 STREET, surrey, British Columbia

51 2588 152 Street

Surrey, British Columbia

Wow! Such a beautifully maintained spacious, bright 3 bedroom end unit Twnhme in highly sought after & well run Woodgrove! A gardeners delight with 1 of the largest lots in the complex. You will be impressed from the moment you enter this outstanding home offering vaulted ceilings, hardwood floors, open floor plan with kitchen overlooking great room with cozy new gas fireplace. Kitchen & din area open on to private balcony. New gas stove & countertops plus so much more! Master retreat has vaulted ceilings, huge walk-in closet and 4 piece ensuite. Downstairs has full bath + 2 bdrms. Bring your fussiest Buyers..they will not want to miss this one! (id:48205)

3 Bedroom 3 Bathroom 1500 sqft
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 sqft
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 MAY 11th 2:00-4:00 pm (id:48205)

2 Bedroom 2 Bathroom 1445
For sale
$1,046,000
54 14909 32 AVENUE, surrey, British Columbia

54 14909 32 Avenue

Surrey, British Columbia

A perfect end unit in the popular gated community of PONDEROSA STATION.An open traditional plan offers easy one floor living, with the formal living and dining area maximizing the corner location with lots of windows and natural light. The bright white kitchen has granite counters and stainless steel Kitchenaid appliances, with a casual family room to relax in. A two bedroom/2 bath home-the primary bedroom offers large ensuite with shower and soaker tub, "his and her" closets and room for a king size bed. Private patio in quiet location of complex. Very well maintained home, double garage, lots of storage in attic with Jacobs Ladder to access. Great walkscore- go to restaurants and shopping- leave the car parked! Easy commute and close to bus routes- don't miss this lovely home. (id:48205)

2 Bedroom 2 Bathroom 1384 sqft
For sale Open House
$1,044,900
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 and three level CLUB HOUSE with HUGE DECK and kithen. 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. Looks like new. Couldn't be nicer. OPEN SUNDAY, MAY 26TH, 2:00 - 4:00 (id:48205)

3 Bedroom 3 Bathroom 1459 sqft
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
$1,019,900
168 15550 26TH AVENUE, surrey, British Columbia

168 15550 26th Avenue

Surrey, British Columbia

Private "quiet" End Unit Townhouse in "Sunnyside Gate" Complex. Rarely available (has parking for 3 cars). This "two" storey townhome is well layout on the main floor with a large nook eating area with a skylight off the kitchen and plenty of storage. Separate dining room with inset for china cabinet. Living room with gas fire place existing to a "West" facing large covered patio to enjoy year round as well as an open patio. Above are three good sized bedrooms. Primary bedroom has a large walk-in closet and large spa inspired 5 piece En-suite. Engineered hardwood floors on main, 125 Amp Service, 4 ft. crawl space located across from Sunnyside park. (id:48205)

3 Bedroom 3 Bathroom 1790 sqft
For sale
$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 sqft
For sale Open House
$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. Amenities include Gym, Common patio space for events with friends and family. Don't miss the chance to make it your home! OPEN HOUSE | JUNE 01 | 1-3 PM (id:48205)

3 Bedroom 4 Bathroom 1466 sqft
For sale
$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 sqft
For sale
$999,000
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 . (id:48205)

3 Bedroom 3 Bathroom 1686 sqft
For sale Open House
$998,000
407 3585 146A STREET, surrey, British Columbia

407 3585 146a Street

Surrey, British Columbia

Discover your dream home in this spacious, luxurious executive-style condo! Featuring 3 bedrooms and 2 baths, this property offers total privacy, unbeatable views, and an ideal location. Enjoy mountain views from the expansive 300 sq.ft. retractable glass solarium, complete with a gas hookup for year-round BBQ fun.The bright, open floor plan boasts 9' ceilings and stunning laminate flooring throughout. The gourmet kitchen is a chef's delight with high-end Samsung stainless steel appliances, a 5-burner gas stove with double-deck electric oven, deluxe double-deck fridge, gorgeous quartz countertops. Stay comfortable with an energy-efficient heat pump (AC & heat) and sound-dampening acoustic package. Luxuriate in heated bathroom floors and secure your valuables in the built-in wall safe. (id:48205)

2 Bedroom 2 Bathroom 1612 sqft
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
$988,888
409 3585 146A STREET, surrey, British Columbia

409 3585 146a Street

Surrey, British Columbia

Rhymes with GOLD (id:48205)

3 Bedroom 2 Bathroom 1501 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