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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
$875,000
206 1975 154 STREET, surrey, British Columbia

206 1975 154 Street

Surrey, British Columbia

Adagio II-Prepare to fall in love with this luxurious 2 bedroom plus Den, 2 bathroom home featuring 9 foot ceilings, high quality finishings, spacious, efficient layout. Bright and airy with large portrait windows and tranquil West facing outlook to a lovely landscaped courtyard you'll enjoy from your nearly 150 sq ft deck. Stunning kitchen with large island, granite counter tops, 5-burner gas range, stainless appliances, timeless millwork & tons of storage. Primary bedroom enjoys walk-through closet and ensuite with heated porcelain floors, under cabinet lighting. Gorgeous amenities include: fitness centre, steam room, grand resident's lounge with chef's kitchen, 2 large screen TV's, cozy fireplace & billiards table. Call today! Open House: Saturday, May 18th 2-4pm (id:48205)

2 Bedroom 2 Bathroom 1064
For sale
$875,000
124 16275 15 AVENUE, surrey, British Columbia

124 16275 15 Avenue

Surrey, British Columbia

Sunrise Pointe in South Surrey! This Bright unit has been lovingly lived in, 2BR w/den (3rd bedroom on main) townhouse with entry on main level. Quiet, gated, 55+ community (1 occupant must be 55+), skylights in stairs, vaulted ceiling in dining, ceramic tile in foyer/kit/FR & 2nd F/P in Primary room. Private yard with 2 sliding doors to large east facing brick patio. Spacious kitchen with lots of counter space & adjoining breakfast nook. Radiant H/W heat. 2nd parking stall at door & single garage. Small pets OK. Minutes to Parks, Golf Course, Morgan Crossing Shopping Mall, Restaurants and Freeway Access. Call today! (id:48205)

2 Bedroom 3 Bathroom 1766
For sale
$864,990
28 15128 24 AVENUE, surrey, British Columbia

28 15128 24 Avenue

Surrey, British Columbia

Welcome to your new home, Semiahmoo Trail! Built by the popular Dawson + Sawyer. This stunning & well cared for home is loaded with features including a gourmet kitchen equipped with stainless steel appliances, a gas range, large island & quartz counters. Enjoy tons of natural light with the large windows & 10' ceilings. Relax in your spacious sunken living room & entertain in your large separate dining room. Upstairs features 3 full bedrooms & 2 bathrooms for families, or those needing extra home office/flex space. Lots of room in the garage for 2 vehicles & plenty of storage. Location is amazing as it is a short distance to shopping, amenities, restaurants, parks, public & private schools & public transit. Open House April 7th, 2 to 4pm (id:48205)

3 Bedroom 2 Bathroom 1337
For sale
$859,800
505 3535 146A STREET, surrey, British Columbia

505 3535 146a Street

Surrey, British Columbia

PENTHOUSE!! *READY to MOVE in* Luxurious Forest Ridge built by QUADRA HOMES. This LARGE EXECUTIVE 1246 sq/ft suite with SOLARIUM features HUGE MASTER BED, 2 luxurious baths, spacious 2bd BEROOM & Den + LARGE retractable glass SOLARIUM, perfect for year round entertaining! Gourmet appliances including a 5 burner stove, double oven, quartz counter-tops, cabinets, energy efficient heat pump (AC & heat), sound dampening acoustic package, HEATED bathroom floors, built in wall safe and high end finishing! 2 underground parking stalls (1 spot can accommodate an electric car) and a private roll up storage garage. All this Minutes away from Crescent Beach, Highway 99 and South Surrey Park N Ride. (id:48205)

2 Bedroom 2 Bathroom 1112
For sale
$849,999
41 16228 16 AVENUE, surrey, British Columbia

41 16228 16 Avenue

Surrey, British Columbia

Welcome to Pier 16 by Woodbridge. This bright 4 bedroom 4 bathroom features one bedroom on the Entrance floor level with a full size bathroom, main level features a large south facing patio, Developer Upgraded Optional Pantry for those epic Costco hauls; Developer Upgraded Optional Power Room on the main. The upstairs feature 3 bedrooms and 2 full bathrooms. Quick US border Access, Shopping at Grandview Heights, and Earl Marriott catchment for High School. (id:48205)

4 Bedroom 4 Bathroom 1603
For sale
$848,888
5 16228 16 AVENUE, surrey, British Columbia

5 16228 16 Avenue

Surrey, British Columbia

Welcome to your new home at Pier 16! This 1,670 sq/ft 4 bedroom, 3 bathroom townhouse is a small piece of paradise! This unit comes with an extra bedroom & full bath on the lower level perfect for teenagers, parents or nanny. Large picture windows, open concept & bright kitchen with quartz counters, under-mount sinks & stainless steel appliances. An oversize, South-facing balcony off the kitchen lets in lots of light and is great for a BBQ. New hot water tank and washer/dryer! The location is centrally located. Close to schools, shopping, beaches, US boarder and Highway 99. (id:48205)

4 Bedroom 3 Bathroom 1670
For sale Open House
$848,800
302 1441 BLACKWOOD STREET, white rock, British Columbia

302 1441 Blackwood Street

White Rock, British Columbia

TOP FLOOR south-east exposure with ocean and mountain views. Lots of natural daylight including 2 large skylights in main living area. Newer white kitchen cabinets with granite countertops, open living space with radiant heated hardwood floors, fresh paint throughout in neutral warm colors. Two large bedrooms on separate sides, 2 large bathrooms, along with a good-sized laundry room with extra storage. New 2' faux wood blinds. The master Brm has a large walk-in closet and a second closet. Built-in vacuum. The building has been FULLY RAIN-SCREENED. Self managed extremely well run building with a depreciation report. Maintenance fees include heat, hot water and gas fireplace. (id:48205)

2 Bedroom 2 Bathroom 1304
For sale
$844,900
1 14223 18A AVENUE, surrey, British Columbia

1 14223 18a Avenue

Surrey, British Columbia

RANCHER-STYLE TOWNHOUSE IN OCEAN BLUFF! Sunhill Gardens, END UNIT, feels like a detached home. Bright townhouse with vaulted ceilings in living room, sliding doors out to the beautiful private deck updated with TREX decking material with hedges surrounding creating a serene feel in your private outdoor oasis. Private, sunny gated courtyard in the front. Features include all new kitchen appliances, hardwood flooring, gas fireplace in Living, Cali shutters in kitchen. Single car garage with new epoxy flooring, plus ADDITIONAL 7'4 x 4'1 storage room. Crawl space for storage as well. This is Ideal for empty nester or first time buyer, better option than a condo. No age restriction, pets allowed. Close to rec centre, walking trails, schools, lots of visitor parking and street parking. (id:48205)

2 Bedroom 1 Bathroom 946
For sale Open House
$835,000
26 2678 KING GEORGE BOULEVARD, surrey, British Columbia

26 2678 King George Boulevard

Surrey, British Columbia

Steps from Sunnyside Park, This three bedroom, three bathroom townhouse, with upper deck, and back yard, is perfect for a young family, or couple, also pet friendly! New Carpet, Laminate flooring, New Washer/Dryer (2024) & SS Appliances in 2019. All three bathrooms, have newer faucets flooring. Spacious floorplan with tandem garage and a finished office/rec room with plenty of storage space. Close to transit, shopping, and highways. Proactive Strata New roof being done & a new white picket fence. Bonus EV Charging! (id:48205)

3 Bedroom 3 Bathroom 1410
For sale Open House
$828,800
406 15188 22 AVENUE, surrey, British Columbia

406 15188 22 Avenue

Surrey, British Columbia

Savor the Sunshine! You're going to love this rancher style PENTHOUSE in sought after Muirfield. Spacious 1240 sf 2 BEDROOM PLUS DEN floorplan is move-in ready! Keep your garden gloves handy. TWO landscaped roof top decks with tree top views allow for year round enjoyment. Located on the QUIET south west corner, this gorgeous home has been tastefully updated with custom cabinetry and built-ins, granite counters, newer appliances and fresh paint. Includes 2 parking spots and storage locker. Strata allows one pet -Semiahmoo Trail just steps away! Guest suite. Fitness room. Clubhouse with kitchen and billiards table. Get ready to enjoy the White Rock vibe this summer! (id:48205)

2 Bedroom 2 Bathroom 1220
For sale
$809,000
404 15310 17A AVENUE, surrey, British Columbia

404 15310 17a Avenue

Surrey, British Columbia

Beautiful south facing, top floor, penthouse, in award winning Gemini. 2 bedroom and den area, 2 full baths luxury condo built with quality in mind. Meticulously finished & fully rain screened. Huge south facing windows fill this home with light year round. Engineered hardwood floors; 9' Ceilings; oversized windows; modern white shaker cabinetry & granite kitchen with high-end SS Bosch & Fisher Paykel appliances and gas stove. Crown molding throughout. Spacious primary bedroom has private door to the patio; fabulous en-suite with heated floors, walk-in frameless shower and double sinks. 2 side by side parking, guest suite, gym, lounge, BBQ area, garden, car wash, and courtyard. A short level walk to shops, transit, hospital, and recreation. Shows like a brand new condo, move right in today (id:48205)

2 Bedroom 2 Bathroom 989
For sale
$799,900
13 1708 KING GEORGE BOULEVARD, surrey, British Columbia

13 1708 King George Boulevard

Surrey, British Columbia

Welcome to George! This 3 bedroom 3 bathroom townhome features a bright white open concept kitchen with a generous pantry. The main floor boasts 9 ft ceilings with a spacious living room that flows onto the patio. The master bedroom features a large 3-piece ensuite and can fit a king bed. Located near shopping, schools, White Rock Beach, and easy access to Highway 99. Complex amenities include a clubhouse, gardens, and vast green space. (id:48205)

3 Bedroom 3 Bathroom 1257
For sale
$799,900
406 1725 MARTIN DRIVE, surrey, British Columbia

406 1725 Martin Drive

Surrey, British Columbia

SOUTHWYND Best Location in Complex !! Welcome to this Beautiful Top Floor Corner Unit, overlooking Green Space & Walking Trails with Southern Exposure in this Highly Sought After Concrete Building by Bosa Construction. This bright and spacious corner unit is surrounded by nature nestled in a quiet garden setting location within the complex ready for your decorating touches. 9ft Ceilings, 2 balconies, Updated appliances, wood floors in main living spaces, Garden view from Kitchen window, Gas Fireplace, Laundry with Built in Vac, 2 Parking Spaces & locker, Club house, Wine room, Workshop, Bike room Secure underground Parking, all within walking distance to everything. No Pets. Rentals allowed. You will love it!! Quick possession possible. (id:48205)

2 Bedroom 2 Bathroom 1148
For sale Open House
$799,000
76 1400 164 STREET, surrey, British Columbia

76 1400 164 Street

Surrey, British Columbia

RANCHER ALERT! Welcome to Gateway Gardens - and this immaculate RENOVATED rancher with all the bells and whistles! This stunning 1290 sq ft home sits on a private fully fenced yard with two large sundecks - entertaining is a breeze! Gorgeous kitchen with updated appliances and freshly painted throughout, vaulted ceilings with 5 skylights, this floor plan is bright and spacious! Living room features a gas fireplace, and your dining room will host all your holiday guests. Stay cool this summer with a NEW heat pump! HUGE primary bedroom with stunning ensuite, second bedroom with Murphy bed - separate laundry with ample storage. Laminate flooring updated in 2021, Deck, fireplace and H20 tank in 2020, windows in 2018, roof 2015, furnace/heat pump 2023 - NO POLY B! Open May 18 2-4 (id:48205)

2 Bedroom 2 Bathroom 1290
For sale
$798,000
201 3585 146A STREET, surrey, British Columbia

201 3585 146a Street

Surrey, British Columbia

Welcome to luxury living! This captivating 2-bedroom, 2-bathroom corner unit boasts a bright, fully enclosed south-facing patio. The open-plan kitchen and living room seamlessly connect, providing a spacious and inviting atmosphere, with 9 ft ceilings enhancing the sense of openness. The kitchen is a chef's dream, featuring a large kitchen island, quartz countertops, a gas range stove top, and an electric split oven. The solarium, equipped with sliding glass windows and full-coverage motorized blinds, extends the living space, offering a cozy BBQ nook for entertaining. Experience comfort year-round with a gas-included heat pump, AC, and the added luxury of heated bathroom floors. Two parking spaces for you, too! Come see! (id:48205)

2 Bedroom 2 Bathroom 1010
For sale Open House
$769,000
32 15355 26 AVENUE, surrey, British Columbia

32 15355 26 Avenue

Surrey, British Columbia

SOUTHWIND. This beautiful 3 bedroom 2.5 bathroom END UNIT is in the heart of South Surrey. Superior location which backs onto Parkway Drive allowing for access from 2 sides and extra parking on the street. Renovated in 2018 with all new appliances and bathroom vanities. New roof was done in last summer and fully fenced yard with new fence coming in May( cost has been paid by the owner). Just a short walk to Peninsula Village and/or Southpoint Mall. Easy access to Hwy 99. Hurry before it's gone!!! (id:48205)

3 Bedroom 3 Bathroom 1240
For sale
$748,500
207 1787 154 STREET, surrey, British Columbia

207 1787 154 Street

Surrey, British Columbia

Discover refined living at The Madison, a Genex masterpiece. This corner unit is an impeccable, quiet-end residence boasting 1,077 sq ft. Situated on the second floor amidst a private enclave of just six homes. The living area is spacious and illuminated by additional corner windows and a balcony that overlooks the beautifully landscaped courtyard. The kitchen has top-quality cabinetry and an integrated breakfast bar. Radiant heated floors add a touch of luxury. Additional comforts include a natural gas fireplace, a stovetop. With two parking stalls included, this non-smoking building. Amenities include a gym and a large clubhouse. Positioned in a vibrant neighbourhood with a 72 walk score, Bakerview Park is just across the street (id:48205)

2 Bedroom 2 Bathroom 1077
For sale
$745,000
58 2345 CRANLEY DRIVE, surrey, British Columbia

58 2345 Cranley Drive

Surrey, British Columbia

La Mesa: are you looking for the perfect place to call home? This home offers one level living in a serene and peaceful complex, conveniently located within walking distance to the shops & restaurants at Morgan Crossing & Grandview Corners .Enjoy the spacious master bedroom & ensuite with a large walk in shower. Bedrooms on opposite sides of unit allow you & any house guests privacy. Many updates, including a new roof, 3 new skylights, (2022),Garage insulated, drywall installed with added lighting & heat to use year round as a workshop. Relax on your covered patio with tile flooring, cedar railing & wooden swing. Safety rails installed in main bathroom & front entry. Low strata fees of $185.00, pet friendly complex allows TWO pets, age 55 restriction. Visitor parking close to unit. (id:48205)

2 Bedroom 2 Bathroom 1200
For sale Open House
$728,000
201 1787 154 STREET, surrey, British Columbia

201 1787 154 Street

Surrey, British Columbia

The Madison quality built by Genex. It is a 2 bdrm/2 bath 1,043 sqft QUIET END UNIT in excellent turn key condition. Newly renovated flooring and carpet , newly replaced Dishwahser and ClthWsh/Dryr. Nine foot ceilings with spacious and bright living space. Kitchen is well appointed with quality cabinetry & eating bar. Radiant heated floors. Quiet location outlook is the landscaped inside courtyard & clubhouse. Balcony 126 sqft. Faces west. N/Gas fireplace & natural gas stovetop. N/Gas BBQ outlet on balcony. Parking 2 Stalls. A non-smoking building, 20+ visitor parking spots in secured garage. Gym & common room, amenities. 72 walk score-very walkable. Tree lined streets w/ sidewalks, well lit. Your right uptown, Bakerview Park across the street.Don't miss the nice home! (id:48205)

2 Bedroom 2 Bathroom 1043
For sale
$728,000
302 15282 19 AVENUE, surrey, British Columbia

302 15282 19 Avenue

Surrey, British Columbia

Top floor unit at Parkview! This 2 bed, 2 bath unit has been fully renovated with no expense spared. High-quality finishings & freshly painted - it is move-in ready. A spacious open floorplan with luxurious laminate flooring, crown moldings, granite counters, tile backsplash, surround sound, French doors & cast stone European style fireplace. Designer touches complete this lovely space. A/C for added comfort. Large primary bedroom, ensuite with walk-in shower & walk-in closet, generous second bedroom with built-in closet organizers. Plus a flex space for your den/office. Nothing more to do than enjoy this lovely unit with sprawling grounds. Close to shopping, parks, restaurants, entertainment & transit. (id:48205)

2 Bedroom 2 Bathroom 1295
For sale
$725,000
305 14605 MCDOUGALL DRIVE, surrey, British Columbia

305 14605 Mcdougall Drive

Surrey, British Columbia

Spacious 2 bedroom 2 full bath corner unit in Crescendo. Kept in excellent condition, this unit features 2 bedrooms on the opposite ends of living room for maximum privacy. Unit comes with 1 underground parking and 1 storage locker. Kitchen has Stainless Steel appliances including gas stove, double sink, and herringbone style back splash. The Primary bedroom includes ensuite & 6'7 By 6'1walk-in closet. Surrounded by expansive greens, the Nicomekl River and views of the North Shore mountains. Easy access to Vancouver via South Surrey Park Ride. You must view this unit to appreciate its beauty. (id:48205)

2 Bedroom 2 Bathroom 985
For sale Open House
$719,900
35 1400 164 STREET, surrey, British Columbia

35 1400 164 Street

Surrey, British Columbia

Rare Find in Gateway Gardens a fabulous 55plus community. 2 Bedroom ,2 bathroom modular home. 1250 square feet of open living. Your own private fenced yard, great location . 2 Storage sheds. Allows pets with restrictions. Low strata fees, include sewer and water. Newer furnace and hot water tank in 2020. Roof 5 years old. Newer appliances. Easy to view. Quick possession available (id:48205)

2 Bedroom 2 Bathroom 1250
For sale
$712,999
407 14550 WINTER CRESCENT, surrey, British Columbia

407 14550 Winter Crescent

Surrey, British Columbia

Welcome to this beautiful large 2 bed/2 bath unit w/ 890 sqft of living space & a large south facing balcony! Enjoy the extra privacy of being on the TOP FLOOR & the benefit of additional windows as this is a CORNER UNIT w/ fewer neighbours to share walls with! Over height 9ft ceilings, generous sized windows, premium stainless steel appliances, gas range, quartz countertops & modern herringbone backsplash add a touch of elegance to the kitchen, while the soft-closing shaker cabinets offer both style & convenience. This ideal location is near Nicomekl River & surrounded by peaceful greenery, providing a tranquil setting to come home to. Prime location with minutes away from the U.S border, Crescent Beach, schools, transit, shopping and more! Book your appointment today! (id:48205)

2 Bedroom 2 Bathroom 890
For sale
$699,000
303 14605 MCDOUGALL DRIVE, surrey, British Columbia

303 14605 Mcdougall Drive

Surrey, British Columbia

Charming 2 bed 2 bath condo consisting of 992 suqre feet of living space, located conveniently off King George Highway and offering mountain views of the serene Nicomekl River. This private third level interior facing unit boasts 9 feet ceilings, elegant quartz countertops, and stainless steel appliances, seamlessly bleding modern luxury with the essence of peaceful living. Exceptional education awaits, with renowned schools like Semiahmoo Elementary & Secondary nearby, and the prestigious South Ridge Academy just a short drive away. Enjoy the convenience of two parking spaces beside each other and a storage locker, making this your golden opportunity to embrace the harmonious charm of riverside living. (id:48205)

2 Bedroom 2 Bathroom 992
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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