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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
$1,298,000
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
For sale
$1,269,900
13 2669 154 STREET, surrey, British Columbia

13 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 1897
For sale
$1,249,000
19 14541 WINTER CRESCENT, surrey, British Columbia

19 14541 Winter Crescent

Surrey, British Columbia

Crafted by Isle of Mann Property Group, this RIVER + PINE townhome seamlessly blends contemporary elegance with opulent luxury. As the largest unit in the complex, it uniquely features a gas fireplace, a built-in Fisher & Paykel coffee machine, built-in speakers in the living room & kitchen area, central A/C, and an extremely rare 2 car garage + 2 car driveway, amounting to a total of 4 secured parking spaces! Wainscoting accent walls compose much of the interior of the home, enhancing its beauty, complemented by a thoughtful open floor concept for entertaining. The exquisite home offers 3 bedrooms & 3.5 baths, including a lower level full bath. With unrivalled access to transit, HWY, an array of fantastic schools and amenities, this mesmerizing abode extends tranquility by Nicomekl River. (id:48205)

4 Bedroom 4 Bathroom 1956 sqft
For sale
$1,239,900
7 2133 151A STREET, surrey, British Columbia

7 2133 151a Street

Surrey, British Columbia

Step into luxury living at Kumaken, where elegance meets convenience along the picturesque Semiahmoo Heritage Trail. Crafted by Dawson Lakewood Dev, this expansive 4-bed townhome spans 2230 sqft, for refined living in the area. With 9' ceilings on the main level, granite countertops, and stainless-steel appliances, every detail exudes sophistication. Enjoy tranquil views of the lush green belt trail from your deck & patio. The main floor boasts a grand living and formal dining area, complemented by a spacious family room and cozy eating nook adjoining the gourmet kitchen, complete with an island and rear deck. Lots of natural light through ample windows, indulge in the warmth of 2 fireplaces and the allure of engineered flooring throughout. Upstairs, retreat to the large primary bedrm featuring a 5-pc ensuite. The finished walk-out basement offers versatility with a sprawling rec room, full bath, and additional 4th bedrm. Schools - HT Thrift Elementary & Semiahmoo SS close by. A great location indeed! (id:48205)

4 Bedroom 4 Bathroom 2233 sqft
For sale
$1,236,000
1957 158A STREET, surrey, British Columbia

1957 158a Street

Surrey, British Columbia

Great opportunity in South Surrey! Builder/Developer/Multi family compound, opportunity to purchase a one duplex lot (7300 sq feet) to be rezoned to RF single family (roughly 60 feet x 118 feet). Good interior conditions bring you more while applying rezoning. tons of parking, private setting located close to amenities. No strata fees and no restrictions! Must see! Developer & Investor Alert!! (id:48205)

2 Bedroom 1 Bathroom 798 sqft
For sale
$1,230,000
14417 16 AVENUE, surrey, British Columbia

14417 16 Avenue

Surrey, British Columbia

Come and See! Cape Cod styled family home with 4 bdrms & large Flex room (den or bdrm) has closets and window. Home interior was just professionally painted top to bottom, walls, doors crown mouldings. Den on the main floor could be a formal dining room. There is a large fenced, level rear yard with a back lane and the front yard offers a buffer from 16th for your quiet enjoyment. Exterior needs some TLC and a gardener's touch but so much potential here! Schools: Bayridge Elementary, Semiahmoo Secondary Drive times - 4 min. to White Rock Beach 11 min. to Crescent Beach, 4 min to Semiahmoo Mall Open House Sat. June 22 2pm - 4pm (id:48205)

4 Bedroom 2 Bathroom 2368 sqft
For sale
$1,199,000
15 14541 WINTER CRESCENT, surrey, British Columbia

15 14541 Winter Crescent

Surrey, British Columbia

Welcome to River and Pine, a neighborhood nestled alongside the tranquil Nicomekl River in South Surrey. The exquisite home offers 4 bedrooms & 3.5 baths, including a lower level bedroom and bath. Step into luxury as you enter the spacious kitchen featuring a large patio. Enjoy the upgraded Samsung appliances, including gas range stove, complemented by designer cabinets, white tile backsplash, matte black kitchen faucets, under the cabinet lighting & elegant quartz countertops. Features include a 2-car garage with rough-in for an electric car charger, tankless electric hot water, A/C, central vacuum & alarm system. Relax in the spacious living area, highlighted by a featured tile wall with a built-in TV nook & electric fireplace. Open House Sat. June 15, 2024 12 - 2 pm (id:48205)

4 Bedroom 4 Bathroom 1824 sqft
For sale
$1,198,000
1955 158A STREET, surrey, British Columbia

1955 158a Street

Surrey, British Columbia

Great opportunity in South Surrey! Half duplex on 7300 sqft lot with 2 bedrooms, tons of parking, a detached garage, private setting located close to amenities. No strata fees and no restrictions! Must see! Developer & Investor Alert!! (id:48205)

2 Bedroom 1 Bathroom 948 sqft
For sale
$1,189,000
2 3339 148 STREET, surrey, British Columbia

2 3339 148 Street

Surrey, British Columbia

Welcome to HAVEN by Parkridge Homes, the 2020 Award Winner for Best Townhouse Unit! A stunning 1,526 sq. ft. 3 bed/3 bath END UNIT with the largest YARD on the market, an open concept main floor featuring designer chefs kitchen, large living/dining w/white brick surrounded fireplace, shiplap walls in beds and powder, built-in floating shelves, cabinets and dresser. Peaceful balcony w/gas BBQ hook-up overlooking the HUGE fenced yard. 3 beds up incl. main w/vaulted ceiling and wood beam, spa-like ensuite & WIC; 2 more generous beds w/feature walls. Designer lighting throughout. Side x Side laundry, AC, tankless hot H2O, Side x Side finished garage with built ins for shoes and storage. Just minutes from trails & beaches & steps from shopping & dining. Act fast! May 25 Open cancelled (id:48205)

3 Bedroom 3 Bathroom 1526 sqft
For sale
$1,150,000
29 16337 15 AVENUE, surrey, British Columbia

29 16337 15 Avenue

Surrey, British Columbia

Welcome to this grand north facing townhome. This is a 4 bed 4 bath unit boasts with an ensuite on the ground floor, side by side double garage. This is a corner unit with full privacy. An open concept kitchen with plenty of sunlight. Close proximity to schools of all levels, the highway, main roads, parks, rec centres, grocery stores, and more. The visitor parking stalls are right in the front of the unit making it easier for all your friends and family. . (id:48205)

4 Bedroom 4 Bathroom 1673 sqft
For sale
$1,149,000
41 1670 160 STREET, surrey, British Columbia

41 1670 160 Street

Surrey, British Columbia

Welcome home to Isola built by reputable developer Mortise Group! This 4 bedroom townhome with AC is where form and function combine in perfect harmony to create unparalleled livability in this premier community. Infused with contemporary design elements such as Quartz Countertops, KitchenAid Stainless Steel appliances with a gas range, Sleek Fireplace Media Units, Wide-plank Laminate Flooring, integrated with the latest smart home technology. Sit back and relax with all the latest Comfort and Convenience Amenities! Isola has you covered for life's everyday needs and more. (id:48205)

4 Bedroom 4 Bathroom 1491 sqft
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 Sat. & Sun 12pm - 4pm. (id:48205)

3 Bedroom 3 Bathroom 1570 sqft
For sale
$1,120,000
28 16337 15 AVENUE, surrey, British Columbia

28 16337 15 Avenue

Surrey, British Columbia

"Dawson's Creek" by renowned Dawson + Sawyer, this beautiful 4 bedroom 4 bathroom townhouse features open concept chef inspired kitchen, dining room & spacious living room and a over-sized island which is perfect for entertaining friends and family. Side-by-side, 2-car garage. Just a few minute drive to the Shops at Morgan Crossing, Grandview corners, restaurants, golf course, beach and US Border. Open House June 22-23 2:00-4:00pm (id:48205)

4 Bedroom 3 Bathroom 1702 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
$1,090,000
42 2688 150 STREET, surrey, British Columbia

42 2688 150 Street

Surrey, British Columbia

Bright and airy townhouse in respected Westmoor 55+ gated complex. Soaring 19' ceilings, skylight and large windows bring lots of natural light. Spacious rooms for house sized furniture and 2 gas fireplaces. Palatial primary bedroom with alcove for sitting area, huge ensuite bathroom and walk in closet. Generous 2nd bedroom has own ensuite bathroom. Powder room on main. New washer and dryer. Sunny east facing patio, open to the south, for relaxing and bbq-ing. Large double garage and full crawl space provides masses of storage. Hardwood floors, plantation shutters, retractable screen doors. Professionally managed, well run complex with newer roofs, gutters, garage doors and exterior painting. Pet friendly. Quiet location with easy access to trails. (id:48205)

2 Bedroom 3 Bathroom 2070 sqft
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 Open House
$1,068,000
29 2528 156 STREET, surrey, British Columbia

29 2528 156 Street

Surrey, British Columbia

3 Bedrooms + 3 Bathrooms + a BIG BONUS DEN in this spectacular CORNER UNIT at Zirkon - Luxury modern Westcoast style homes inspired by the splendid oceanfront promenade and beaches of White Rock: Sleek modern lines, rich colours, natural textures and products by the world's premier luxury brands. Located in the heart of South Surrey, this home features an open concept on the main floor w/powder room & DEN; 3 bdrms & 2 spa-like bathrms up; Extra flex/gym or 4th bdrm downstairs with side by side double garage. Steps from Sunnyside Park and an outdoor Pool, walking distance to the Morgan Crossing shopping center. Open house June 29/30 2-4 pm (id:48205)

3 Bedroom 3 Bathroom 1667 sqft
For sale
$1,050,000
58 14541 WINTER CRESCENT, surrey, British Columbia

58 14541 Winter Crescent

Surrey, British Columbia

HOME of River + Pine, the boutique complex nestled in tranquil neighborhood amongst Nature & Water in Sunny South Surrey! This spacious & rarely available 3 Bed + Den townhome unit feels brand new & offers a spacious floorplan by featuring gorgeous Chef's inspired kitchens with stainless steel Samsung appliances including gas stove, designer cabinets, matte black kitchen faucets, under cabinet lighting, quartz counter tops, decent island, wide plank laminate flooring, oversized windows & designer lighting. Lots of parking space at the front and private location not facing any neighbors. Centrally located with convenient commuting to highways 10, 91, 99, and US Border. Close to daycare, shopping, groceries, schools, restaurants, coffee shops and Marina. Perfect for your growing family! (id:48205)

3 Bedroom 3 Bathroom 1491 sqft
For sale
$1,049,900
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 sqft
For sale
$1,049,000
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
$1,048,900
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. (id:48205)

2 Bedroom 2 Bathroom 1445 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