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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
$1,450,000
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
For sale
$1,450,000
12838 26 AVENUE, surrey, British Columbia

12838 26 Avenue

Surrey, British Columbia

Ocean Park / West Sunnyside neighborhood! This elegant house boasts 2,596 sqft. Featuring 4 bedrooms and 3 full bathrooms and powder room on the main floor. The main level offers an open floor plan. Enjoy the pleasure of cooking in your open spacious kitchen that flows seamlessly into the living room. The laundry room is conveniently located just off the kitchen. The top floor hosts a large primary bedroom with a walk in closet. The ensuite bathroom includes a soaker tub and a separate shower. Two additional generously sized bedroom completes this floor. The basement offers a spacious bedroom and a large family/recreation room with a separate entrance, ideal for teens, in laws, or a nanny. The fully fenced backyard with great access. Is perfect for summer BBQ. The property includes a double car garage with an additional parking spot next to the garage. Treed outlook from your living room with Crescent park just outside your front door. Also, just 5 minutes walk to a coffee shop and Fieldstone Bread. (id:48205)

4 Bedroom 4 Bathroom 2596 sqft
For sale
$1,449,800
1942 155 STREET, surrey, British Columbia

1942 155 Street

Surrey, British Columbia

Step into your dream home in South Surrey! This charming rancher-style residence is nestled in a peaceful cul-de-sac, ideal for families & those preferring single-level living. Recently updated with a fresh coat of paint, the home boasts a spacious eat-in kitchen that flows seamlessly into an open floor plan. Stylish laminate flooring enhances the bright interior, which is bathed in natural light. Outside, entertain effortlessly in the fully fenced yard, offering privacy with no neighbours on one side, giving the feeling or a lot twice the size! Double garage with new doors & lots of extra parking on the driveway. Perfectly situated & just a short drive to South Surrey Rec Centre, Grandview shops & top schools! Private showings available or join us at the Open House June 22nd from 3-5 PM. (id:48205)

3 Bedroom 2 Bathroom 1523 sqft
For sale
$1,449,000
1911 160 STREET, surrey, British Columbia

1911 160 Street

Surrey, British Columbia

You'll love the charm of this impeccably renovated rancher, conveniently located just minutes from White Rock Beach and Morgan Crossing's bustling shops. With its quaint river rocks and stamped concrete pathways, the exterior radiates cottage-style allure, complemented by lush landscaping featuring mature shrubs and blossoms-a true delight for any gardening enthusiast. Inside, discover an oasis of elegance showcasing gleaming hardwood floors, tasteful designer paints, and deluxe amenities like programmable heated tile flooring in key areas. From quartz countertops to crown moldings, every detail exudes sophistication. Ample parking options, close proximity to schools, transit, and easy freeway access make this the move-in-ready gem you've been searching for. (id:48205)

3 Bedroom 2 Bathroom 2032 sqft
For sale
$1,449,000
2654 MCBRIDE AVENUE, surrey, British Columbia

2654 Mcbride Avenue

Surrey, British Columbia

Crescent Beach lifestyles. Fabulous family community offering swimming, beach, Tennis, Sailing club and Marina. Very solid and charming older rancher with 2 bedrooms (could be three) and 1 full bath. Located at the quiet end of the beach with much less traffic. Almost 6000 square foot lot with lane access. Open and sunny ,with very few trees ideal to build your dream home. Owned by the same family for over 70 years and priced below assessed value. Rare opportunity (id:48205)

2 Bedroom 1 Bathroom 995 sqft
For sale
$1,445,000
2996 MCBRIDE AVENUE, white rock, British Columbia

2996 Mcbride Avenue

White Rock, British Columbia

Discover coastal living with this cute loft home located 2 blocks from the sun-soaked sands of Crescent Beach. Located in a quiet neighborhood this home boasts quick access to the beach, numerous dining establishments, one-of-a-kind boutiques, the vibrant local scene, and a very short walk to Sullivan Point Park, Wickson Pier, Blackie Spit, and Crescent Beach Point. The main floor's open layout has a well-appointed kitchen, an intimate dining alcove, and a cozy seating area. The secluded patio is a great spot for morning coffees, alfresco dining, or unwinding amidst the invigorating sea breeze. New water tank, new washer and dryer, and roof less than 2 years old round out this cozy home. (id:48205)

1 Bedroom 1 Bathroom 753 sqft
For sale
$1,430,000
1272 163A STREET, surrey, British Columbia

1272 163a Street

Surrey, British Columbia

Welcome to this magnificent absolutely stunner one of a kind rancher home. This beautiful completely updated home with HIGH END REMODEL THROUGHOUT THE ENTIRE HOME features 3 spacious rooms and 2 full bathrooms along with a gourmet kitchen with brand new integrated appliances and Fulgor gas Stove perfect for entertaining your guests. OVER 1600 SQFT renovated double car garage and a private back yard! Beautiful luxurious finish ing's throughout the entire home will have you blown away. This home is conveniently located as it's minutes away from Peace Arch Hospital , White Rock Centre, restaurants, grocery stores all major highways and just steps away from all levels of schools, shops, restaurants, bars, pubs, parks and transit route buses. Come and see it before it's gone! (id:48205)

3 Bedroom 2 Bathroom 1651
For sale
$1,419,000
15658 BROOME ROAD, surrey, British Columbia

15658 Broome Road

Surrey, British Columbia

3 bedroom well maintained property! Double glazed windows, laminate floors. Easy access to commuter routes and minutes from shopping! Approx 7440 sq ft Lot! Highly sought after neighborhood! Great to live in, rent out & build a large home in the future. Assignment of contract. (id:48205)

3 Bedroom 1 Bathroom 1216 sqft
For sale
$1,399,900
42 3500 144 STREET, surrey, British Columbia

42 3500 144 Street

Surrey, British Columbia

Welcome to the Crescent, one of South Surrey's most desirable gated communities. This particular home is nestled away in the quiet part of the complex with the utmost privacy and a pristine, manicured front and back yard. The layout features 3 bedrooms and 2½ bathrooms, including the primary bedroom on the main floor with a generous ensuite bathroom and two large bedrooms up. This home is perfect for the downsizer who still wants to feel like they are in a detached home! Enjoy the french doors that lead out to your back patio bbq area. Other features include 18ft ceilings in living room, vaulted ceiling in family room, 2 gas fp and a large 15x7 upper storage room. Side by side 2 car garage and a 3½ ft high crawl under entire main floor for even more storage. Open House Saturday June 22, 12-4pm (id:48205)

3 Bedroom 3 Bathroom 2352 sqft
For sale
$1,399,000
2760 MCBRIDE AVENUE, surrey, British Columbia

2760 Mcbride Avenue

Surrey, British Columbia

Discover the allure of seaside living with this character-filled cottage in Crescent Beach. Nestled on a spacious 50x 120 lot, this quaint property presents a prime opportunity for future development. Embrace the crescent beach lifestyle while envisioning your dream home on this coveted piece of land. With its desirable location and only a stones throw away from the beach, this offers great potential for transformation. This property invites you to create your own slice of paradise by the sea. Don't miss out on this rare chance to build your Dream home in one of South Surrey's most sought-after neighborhoods. Call today to book your private tour. (id:48205)

3 Bedroom 1 Bathroom 930 sqft
For sale
$1,398,000
9 2168 150A STREET, surrey, British Columbia

9 2168 150a Street

Surrey, British Columbia

Welcome to South Hampton Estates. This beautifully updated townhome offers the feel of a detached home without the yard work. Backing directly onto Semiahmoo Trail provides a serene setting on your patio and a lovely spot for cool walks on hot summer days. Enjoy a stunning kitchen with quartz counters and solid wood cabinetry from Merritt Kitchens. Sky-high vaulted ceilings in the living room flood the space with natural light and make for a great spot to relax in front of gas fireplace or entertain. The large main floor master bedroom features custom built-ins, a walk-in closet, and a beautiful ensuite. Upstairs, find two spacious bedrooms and versatile loft space. Walking distance to all levels of schools, including Star of the Sea, Jessie Lee, White Rock Christian, and Semiahmoo Secondary. Enjoy proximity to South Surrey Recreation Centre, Athletic Park, and Semiahmoo Shopping Centre for all your needs. This home truly blends convenience, comfort, and a sense of community, making it an ideal choice. (id:48205)

3 Bedroom 3 Bathroom 1986 sqft
For sale
$1,398,000
1560 160A STREET, surrey, British Columbia

1560 160a Street

Surrey, British Columbia

Charming rancher located on a quiet no through road in a very desirable neighbourhood. Open floor plan from kitchen with vaulted ceiling, dining room and living area with a cozy gas fireplace. Huge primary bedroom with tons of natural light overlooking the backyard oasis.Primary comes with a 2 piece bathroom. 2 more bedrooms (one has no closet). Sundeck off the kitchen for those summer bbq's and a beautiful backyard. This property is perfect for first time buyer, investor or builder. Great location close to Peace Arch Hospital, shops, transit, schools. Only 5 mins by car to the beach. (id:48205)

3 Bedroom 2 Bathroom 1386 sqft
For sale
$1,389,000
15415 POPLAR DRIVE, surrey, British Columbia

15415 Poplar Drive

Surrey, British Columbia

Fantastic rancher bungalow perched nicely on corner lot. Functional layout allowing for many options. 3 bedroom 2 bathrooms with 1500 square feet of living space. Superb South Surrey central location situated steps to schools, parks, restaurants, shopping, the hospital and all amenities you need.Ideal for first time home buyers or holding property for future new build. Recent upgrades include, brand new exterior paint job, new roof and furnace. Bring your ideas, truly a beautiful property with so much potential. (id:48205)

3 Bedroom 2 Bathroom 1500 sqft
For sale
$1,368,000
12946 MARINE DRIVE, surrey, British Columbia

12946 Marine Drive

Surrey, British Columbia

5000 SF Corner Lot in Ocean Park Village Rancher 1706 SF 3-5 BEDROOMS *Currently revenue home-month to month* 2 full bath patio & sundeck 260SF.Walking distance to waterfront Kwomais Park & Playground Fun-Fun Park. Shopping in the Village. Lots of home improvements. New Roof 2015, New hot water tank 2017,+ Installed new engineered flooring in the home. Laundry room was reno'd new washer /dryer. Both washrooms were reno'd in 2017.Kitchen cabinets were all refreshed. All components /appliances in the home are functioning have been professionally maintained. New dishwasher 2016.Interior of home painted 2016. Exterior Shed detached. Open Parking off Marine 3-4 Cars. Schools Ocean Cliff Elementary & Elgin Sec. Transit one Block. Potential for Ocean View on Rebuild -30 feet on rebuild. Brochure & Floor Plan Avail Tenants prefer showings are later in the day - early evenings (id:48205)

3 Bedroom 2 Bathroom 1706 sqft
For sale
$1,350,000
1332 129 STREET, surrey, British Columbia

1332 129 Street

Surrey, British Columbia

RENOVATION OPPORTUNITY or BUILDER'S SPECIAL... this home is priced for someone to give this property a new lease on life! Located in a pocket of paradise steps away from the ocean, multiple parks, beaches and the shops of Ocean Park Village, and just minutes away from Crescent Beach and White Rock Promenade. This lovingly maintained home by long time owners features 3 bedrooms and 2 full bathrooms, 2 gas fireplaces and a sunny yard on a super quiet street south of Marine! Ocean Cliff Elementary and Elgin Park Secondary school catchments. Book your showing today! (id:48205)

3 Bedroom 2 Bathroom 1878 sqft
For sale
$1,349,800
861 166 STREET, surrey, British Columbia

861 166 Street

Surrey, British Columbia

Fantastic location of South Meridian offering stunning views of Mt. Baker! Sunny WEST Backing Rancher with all new renovations! 3 bedroom 2 bathroom, just over 1650 sqft of one-level living space ready for your enjoyment! Just a short stroll to White Rock Beach or pack your clubs and go play 18 holes at The Hills at Peace Portal just 2 mins away. You'll love the renovations just finished with all new oak coloured wide plank vinyl flooring, new mouldings, new carpet in bedrooms, fresh designer paint and the all new Stainless appliance package just installed. A great layout offering a separate living/dining area plus a cozy family room off the rear, both having gas fireplaces. A nice covered patio and perfect sized yard to garden in or just enjoy a sunny afternoon. Call Today! (id:48205)

3 Bedroom 2 Bathroom 1655 sqft
For sale
$1,349,000
3723 NICO WYND DRIVE, surrey, British Columbia

3723 Nico Wynd Drive

Surrey, British Columbia

Wonderful Lifestyle Home 3723 Nico Wynd. Very bright living space. 2310 SF /2024 reno. Vaulted Ceilings, Main floor 1325 SF Formal dining, Living rm & Family rm. 2 Nat gas fireplaces on main. White Kitchen, large Island, eating area w/ fenced enclosed courtyard ,perfect for pets. Off the living rm Very Private Sun Deck faces South 414 SF w/South/East orientation Space for large seating area & outdoor dining- no units looking in at you, really private. Above - upstairs 985 SF 2 New bathrms, large walk in closet in Primary Bedroom second bedrm & office or 3rd Bedrm. This Peaceful End Unit Sides onto the large manicured greenspace and Cul de Sac. Full Double Garage and storage area. Long Driveway accommodates 4 cars. Amenities: Nico Wynd Ownership comes w/ 2 Golf Course memberships- Enjoy Clubhouse w/ licensed dining. Tennis Courts, Pickle Ball, Indoor Pool & Gym, boat moorage .Abundant Parklands incl: Walking Path along the Nicomekl River. Digital Brochure ,Strata Pkg Video & floor Plan available. (id:48205)

3 Bedroom 3 Bathroom 2310 sqft
For sale
$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! (id:48205)

4 Bedroom 3 Bathroom 2192 sqft
For sale
$1,299,000
12775 15A AVENUE, surrey, British Columbia

12775 15a Avenue

Surrey, British Columbia

BUILDER ALERT! Ocean Park building lot, WALKING DISTANCE to shopping, recreation, transit, library, and the BEACH! Small Rancher is quite livable or rentable while waiting for plans . Enjoy a COTTAGE VACATION feel all year around in this beach neighborhood! Quiet & Peaceful street, cozy vibes, and southern sun! Drive-by, explore the area and make yourself at home in prestigious Ocean Park! (id:48205)

2 Bedroom 1 Bathroom 672 sqft
For sale
$1,299,000
2 1830 SOUTHMERE CRESCENT, surrey, British Columbia

2 1830 Southmere Crescent

Surrey, British Columbia

WANT AN UPSCALE DOWNSIZER? THIS IS IT! Fully renovated end unit offers 2 beautiful bedrooms upstairs plus a roomy den next to kitchen on the main. Upon entry, the elegant living room unfolds with vaulted ceilings + stone fireplace before flowing seamlessly into lovely dining area. Both rooms bask in the glow of a stunning back yard garden, while the den looks out at the front courtyard garden. Kitchen boasts an easy workspace, granite counters, SS appliances, counter seating and sitting area. Primary bedroom has WI closet + 5 piece ensuite. Well-maintained strata has near-new roof and windows. 55+. Pets welcomed. Backs onto Southmere Village Park. OUTSTANDING walking area! Must be seen to be fully appreciated. (id:48205)

2 Bedroom 3 Bathroom 1752 sqft
For sale Open House
$1,298,000
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 650 square feet of finished basement space. Offering a luxurious 4 bedroom + den 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 sqft
For sale
$1,298,000
13557 15 AVENUE, surrey, British Columbia

13557 15 Avenue

Surrey, British Columbia

Ocean Park 1/2 Duplex. Two storey style home offers 3 bedroom and 2 bath on a lovely and private 5200 square foot lot. Single car garage. 1/2 Duplex and NO strata fees! 2 mins walk to Ray Shepard School and transit. Call today to view. Open house June 22, 2-4pm! (id:48205)

3 Bedroom 2 Bathroom 1330 sqft
For sale
$1,288,800
33 15030 28 AVENUE, surrey, British Columbia

33 15030 28 Avenue

Surrey, British Columbia

Welcome to The Oak, the crown jewel of South Surrey. This 4-bed, 4-bath luxury home has been meticulously maintained & presents like new. It boasts central AC & forced air heating, Grand foyer, built-in niche fireplace, expansive windows flooding the home with natural light & lush greenery from the oak tree out front. Revel in unobstructed mountain views & over 2000 SF. of living space. The master bedroom features 12-foot ceilings, a spa-like en-suite with double sink & his & her closets, floor-to-ceiling windows, & a charming Juliet balcony. The stylish modern kitchen showcases a lighter color scheme with white cabinets/natural wood tones & elegant brushed gold finishes, stainless smart appliances, and a spacious quartz island with a custom-built breakfast table. Garage is prepped for EV. Open House June 9th from 2-4 pm (id:48205)

4 Bedroom 4 Bathroom 1972 sqft
For sale
$1,288,000
15413 20 AVENUE, surrey, British Columbia

15413 20 Avenue

Surrey, British Columbia

MOVE IN READY 1/2 duplex family home in prime South Surrey neighbourhood. 3 bedrooms - 2.5 bathrooms on 2 levels with approx 1824sqft. Many recent updates including new paint, flooring (brand new carpet), insulation, blinds, light fixtures and more. Main level features an open and bright living/dining-room. Kitchen features new counter-tops and updated appliances including gas range. Spacious family room with gas fireplace and separate eating area that walks out to a private backyard, 2pc powder room and laundry room. Upper level has 3 bedrooms and 2 bathrooms (primary bdrm inc/ large walk-in closet and 4pc ensuite). Attached double garage with new door opener. Large 1017sqft crawlspace (for additional storage). Short walk to schools (Jessie Lee Elem and Earl Marriott Sec catchments), shopping, parks, transit & hospital. Call to view. (id:48205)

3 Bedroom 3 Bathroom 1824 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