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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
$899,000
8 16323 15 AVENUE, surrey, British Columbia

8 16323 15 Avenue

Surrey, British Columbia

Dawson and Sawyer built home. 3 Bed+Den townhouse which features everything a homeowner could desire- open concept living, perfect for entertaining! Spacious kitchen with an island, dining, and living room which leads out to a nice deck. Upstairs masters suite with walk-in closet and spa-inspired ensuite with double sinks. Washer/dryer and linen storage on bedroom level. Den downstairs makes the perfect home office, play room or guest space. feature everything a homeowner could desire. Open concept living, perfect for entertaining! Ideally situated on 15th Avenue near major transit + commuter routes in South Surrey. Conveniently located within walking distance of schools, shopping, restaurants and recreation for everyone in the family. Open House June 15 & 16 2-4 PM (id:48205)

3 Bedroom 3 Bathroom 1327 sqft
For sale
$899,000
209 15300 17 AVENUE, surrey, British Columbia

209 15300 17 Avenue

Surrey, British Columbia

Welcome to sought-after Cambridge II. This well cared-for development is in a fabulous location where you can walk to Semiahmoo mall, grocery stores, restaurants, transit, doctors' offices and much more! Inside this fully renovated and huge, nearly 1,800sf corner-unit, you will find a fabulously unique floorplan featuring a gourmet kitchen with large eating bar island & walk-in pantry, spacious living area with gas fireplace and entertaining sized dining room, 2 great sized bedrooms including private master suite with walk-in closet and luxurious ensuite, enclosed solarium and a bonus flex room/laundry area with built-in desk and cabinetry. Bonus features include: radiant in-floor heat, California shutters, crown moldings, built-in bookshelves, engineered hardwood flooring & more. (id:48205)

2 Bedroom 2 Bathroom 1783 sqft
For sale
$899,000
208 1765 MARTIN DRIVE, surrey, British Columbia

208 1765 Martin Drive

Surrey, British Columbia

BEAUTIFUL FULLY RENOVATED HOME boasts large rooms&open floor plan(a MUST SEE property)bright southern exposure built by award winning BOSA Development.Concrete construction makes for quiet living in the perfect location, walk to shopping, restaurants&White Rock Beach. One of the most luxurious&desirable homes available, the list of custom upgrades is extensive; heated hard floor easy-clean surfaces, 36" doorways & custom doors, gorgeous designer LED lighting, gourmet kitchen with new floor-to-ceiling extra deep cabinets, pull-out spice cupboard, wine rack+10' island for plenty of storage, quartz counter-tops, stylish farmhouse sink, brushed stainless full size appliances; Jenn-Air Induction Cook-top& wall oven, Heatilator Novus gas fireplace with remote thermostat, all new custom bathrooms,nothing to do but move-in and enjoy life! Recently voted 55+ age requirement, the complex has clubhouse with kitchen,library, exercise equipment, pool tables & workshop. Get to know your great enjoy weekly activities. (id:48205)

2 Bedroom 2 Bathroom 1131
For sale
$897,000
151 16433 19 AVENUE, surrey, British Columbia

151 16433 19 Avenue

Surrey, British Columbia

**OPEN HOUSE 2-4 PM on Saturday, June 15, 2024** WELCOME to a 2 bedroom plus Den townhome in the heart of Pacific Duglas. This 2019-built, open-concept home, offers a large living, dining, and kitchen space, along with an office space on the main floor. The upstairs has 2 bedrooms with 2 bathrooms. The beautiful rooftop patio looks onto the greenbelt. This home has a side-by-side garage and is close to visitor parking. Walking distance to the feature Grandview Heights Aquatic Center, Walmart, Superstore, Shopping, and all the major banks. Walking distance to all levels of schools and a brand new elementary school being built in the area. Easy access to the highway. Don't miss your chance on this AMAZING home, call today!! (id:48205)

2 Bedroom 3 Bathroom 1282 sqft
For sale
$886,000
30 15268 28 AVENUE, surrey, British Columbia

30 15268 28 Avenue

Surrey, British Columbia

Welcome to "Old School", conveniently located with walking distance to excellent restaurants, shoppings, transit, Sunnyside Park and swimming pool! Easy access to the highway 99. This well loved home has a very thoughtful floor plan, comes with 2 bedrooms + Den (has closet and window) 2.5 bathrooms, Huge walk-in closet in master bedroom, Large kitchen & island, spacious living room and dining room. ALL the bedrooms are able to fits queens bed easily. Tandem garage. Additional feature: Sleek sophisticated and seamless electric fireplace. A Must See! (id:48205)

3 Bedroom 3 Bathroom 1383 sqft
For sale
$879,000
38 2689 PARKWAY DRIVE, surrey, British Columbia

38 2689 Parkway Drive

Surrey, British Columbia

Contemporary, stylish and quality built townhome at Allure! This 3 bed/3 bath home is nested in the BEST spot in the complex w/open view and private yard. The main floor boasts 9' ceilings, quartz counter tops, crown moldings, stainless appliances, gorgeous engineered hardwood flooring, convenient powder room, high-end Bosch & Fisher Paykel appliances & Kohler fixtures! The master is large and bright, with a heated ensuite floor, double vanity & frameless river rock shower. Forced air heating and gas fireplace keeps you warm all winter, and saves on those electric bills! Updated features; vinyl plank flooring (2021) on top floor and HWT (2021) & New Samsung washer June 2024.. Quick access to Hwy and border crossing. Footsteps to Sunnyside Park & walking distance to Save on Foods. (id:48205)

3 Bedroom 3 Bathroom 1454 sqft
For sale
$879,000
507 3535 146A STREET, surrey, British Columbia

507 3535 146a Street

Surrey, British Columbia

Experience luxury living in this top-floor executive suite by Quadra Homes! Enjoy the quality neighbourhood and exceptional amenities at Forest Ridge, including an outdoor/indoor gym, putting green, and extra large hosting space! This condo features 2 bedrooms & Den, air conditioning, high ceilings, and a 150 sq ft solarium with pivoting glass panels. With no one above you, indulge in peaceful living and take advantage of this opportunity! (id:48205)

2 Bedroom 2 Bathroom 1178 sqft
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. Open House: Sunday, June 16th 2-4pm or Call for your private showing! (id:48205)

2 Bedroom 2 Bathroom 1064 sqft
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, Saturday June 15th from 12noon to 1:30pm (id:48205)

3 Bedroom 2 Bathroom 1337 sqft
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
$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 sqft
For sale
$825,000
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! Hardwood and laminate flooring, New Washer/Dryer & 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. (id:48205)

3 Bedroom 3 Bathroom 1410 sqft
For sale
$818,888
302 1441 BLACKWOOD STREET, white rock, British Columbia

302 1441 Blackwood Street

White Rock, British Columbia

TOP FLOOR Corner penthouse, south-east exposure ocean and mountain views. Lots of natural daylight including 2 large skylights in main living area. Updated 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 and great neighbours. Maintenance fees include heat, hot water and gas fireplace. Best walking score. https://www.youtube.com/watch?v=XZTnQ6w3_1I (id:48205)

2 Bedroom 2 Bathroom 1304 sqft
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 sqft
For sale
$799,900
406 1725 MARTIN DRIVE, surrey, British Columbia

406 1725 Martin Drive

Surrey, British Columbia

SOMETHING GREAT JUST GOT BETTER!! Just Freshly painted throughout with New carpet and underlay makes this beautiful apartment MOVE IN READY. Quick possession possible. Welcome to South Wynd's Beautiful Top Floor Corner 55+ Unit, overlooking Green Space & Walking Trails with South WEST 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, 3 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!! If natural sunlight and nature and feeling of security is what you are looking for, look no further. This is the home for you. Welcome Home. (id:48205)

2 Bedroom 2 Bathroom 1148 sqft
For sale
$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! (id:48205)

2 Bedroom 2 Bathroom 1290 sqft
For sale
$798,000
106 1745 MARTIN DRIVE, surrey, British Columbia

106 1745 Martin Drive

Surrey, British Columbia

Exceptional condo backing onto GREENBELT in SOUTHWYND! Low rise CONCRETE building, built by Bosa. One of the best locations and floor plans. This 1346 SF, CORNER, WEST FACING, 2 bdrm, 2 bath, condo features a conservatory-like eating area surrounded by windows & greenery, updated white kitchen with large window over the sink facing park & granite counters, stainless steel appl., updated baths, murphy bed & bamboo flooring. This beautiful condo is situated in a quiet location, at the back of the complex with 542 SF of patio area. Across the street from Semiahmoo Shopping Mall, library, restaurants, transit & more. Amenities include clubhouse, fully equipped workshop, gym, quick access to border, Hwy. 99. Age restricted (55+), no pets. Condos like this don't last! (id:48205)

2 Bedroom 2 Bathroom 1346 sqft
For sale Open House
$769,999
202 1725 MARTIN DRIVE, white rock, British Columbia

202 1725 Martin Drive

White Rock, British Columbia

SOUTHWYND the residential comfort built by award winning builders BOSA , strategically located in the sought-after White Rock area. Boasting superior design and robust concrete construction, this property offers a prime living experience within strolling distance to shopping, dining, public transit, and the library. This meticulously maintained 2-bedroom, 2-bathroom residence spans 1310 sqft and is positioned in a highly desirable East-facing location, ensuring an immediate sense of home. With 9' ceilings,private deck areas, in-suite laundry, and storage, this unit is not only move-in ready but also designed for optimal convenience.Residents of SOUTHWYND also enjoy access to a remarkable clubhouse featuring exercise facilities, woodworking rooms, wine-making spaces, and more. (id:48205)

2 Bedroom 2 Bathroom 1338 sqft
For sale
$759,000
49 2345 CRANLEY DRIVE, surrey, British Columbia

49 2345 Cranley Drive

Surrey, British Columbia

Fantastic community of La Mesa . Lovely 2 bedroom and den as well as 2 full bathrooms. Very quiet area of park . Low maintenance fees of $186.00 per month. One buyer must be 55 years old. 2 pets allowed one dog and one cat. Beautiful new tile floors throughout the kitchen and engineered hardwood through living room and foyer. Brand new roof this year and all new plumbing throughout the home . Lovely private fenced patio area. And close to all amenities. Easy to show and quick completion possible (id:48205)

2 Bedroom 2 Bathroom 1300 sqft
For sale
$749,900
204 15336 17A AVENUE, surrey, British Columbia

204 15336 17a Avenue

Surrey, British Columbia

Welcome to Gemini I, located in the heart of South Surrey! This beautiful 976 SF unit features 2 bedrooms, 2 bathrooms & a large open main living area with 9' ceilings, flooded with natural light through the large south facing windows. Quality built by Genex, this unit is equipped with engineered hardwood floors, detailed mouldings & a well designed kitchen, appointed with quality shaker cabinets, granite countertops & SS appliances (gas stove). Spacious primary bedroom with a fabulous en-suite with heated floors, walk-in shower & double sink vanity. Well maintained, freshly painted and ready for its next owner! Fantastic amenities, including a guest suite, gym, outdoor BBQ area & two amenities rooms. Located steps to Semiahmoo Mall, Peace Arch Hospital & transit. Showings by appointment. (id:48205)

2 Bedroom 2 Bathroom 976 sqft
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 OPEN HOUSE Saturday June 8th 1 - 3PM (id:48205)

2 Bedroom 2 Bathroom 1077 sqft
For sale
$739,000
312 15185 22 AVENUE, surrey, British Columbia

312 15185 22 Avenue

Surrey, British Columbia

You will be impressed with this TOP floor, CORNER unit in well maintained Villa Pacific! This well-cared for 2 bedrm/2 bath home has expansive windows overlooking the huge south-west wrap around deck - providing lots of natural light thru out! Both bedrooms are spacious and separate from one another, separate living and dining room overlook open and well laid out kitchen. Primary bedroom with walk-in closet and ensuite - also has private deck area. Centrally located and within walking distance to restaurants, shopping, transportation, etc. You wont want to miss this one! (one dog/cat max 30 lbs & 16" at shoulders) (id:48205)

2 Bedroom 2 Bathroom 1255 sqft
For sale
$729,999
15901 ALDER PLACE, surrey, British Columbia

15901 Alder Place

Surrey, British Columbia

Welcome to the charming Alderwood Park Community! This three-level townhome awaits your personal touch! Offering 3 good sized bedrooms up - the primary bedroom even has its own private deck; the perfect spot to enjoy your morning coffee! Large rec room in the basement and a 1/2 bath PLUS a BONUS room - tons of storage space! The main level showcases a bright & inviting living space , complete w/ oversized windows allowing for tons of natural light and gas fireplace. Great dining space that leads into your functional kitchen. Peaceful backyard w/ large deck & grass area. You are conveniently located close to the beach, in catchment of the desirable Peace Arch Elementary (French Immersion) & Earl Marriott Secondary (French Immersion & AP Program). CALL NOW TO VIEW! (id:48205)

3 Bedroom 3 Bathroom 1890 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