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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
$698,000
406 15168 19 AVENUE, surrey, British Columbia

406 15168 19 Avenue

Surrey, British Columbia

Corner penthouse unit with 2Bed+2Bath+2Parking+1Storage. Discover this stylish top-floor corner condo with a sleek kitchen featuring granite countertops and Maytag stainless steel appliances. Enjoy abundant natural light from the south and west-facing windows, creating a bright and airy atmosphere without any traffic noise. Spacious master bedroom with His & Hers closets, and a luxurious walk-in shower. This secure building offers a recreational room, a gym, and a beautiful garden & inner sanctum. Located in the Semiahmoo Secondary catchment area, with shops, restaurants, and transit nearby. Pets and rentals allowed, making it a flexible choice for any lifestyle. (id:48205)

2 Bedroom 2 Bathroom 919
For sale Open House
$698,000
110 15300 17 AVENUE, surrey, British Columbia

110 15300 17 Avenue

Surrey, British Columbia

Welcome home to this spacious 1405 sq ft 2 bed/2 bath centrally located apartment. The open floor plan is fabulous, with generous sized living and dining areas to fit all your house-sized furniture. Enjoy a large kitchen with loads of cabinet space and 2 pantries, there is room for everything. The large master bedroom features lots of closet space, a spa-like ensuite with separate soaker tub & shower. Loads of storage here with a flex space, storage room off the patio and a separate laundry room. It is a well maintained building in a central location, quite and friendly neighborhoods, steps to transit and Semiahmoo Mall. No pets allowed. This condo lives like a house. Open house: April 21, Sun, 1-3pm (id:48205)

2 Bedroom 2 Bathroom 1405
For sale
$695,000
210 14550 WINTER CRESCENT, surrey, British Columbia

210 14550 Winter Crescent

Surrey, British Columbia

Indulge in luxury living with this stunning ground-floor condo, offering a sprawling townhouse-style backyard for your enjoyment. Step indoors to discover a meticulously designed interior boasting high-end finishes and thoughtful details. The kitchen is equipped with a gas range, stainless steel appliances, and ample space for four bar stools. The open-concept layout seamlessly blends the living, dining, and kitchen areas, ideal for both relaxation and entertainment. With the primary and secondary bedrooms positioned on opposite ends of the home, privacy and comfort are maximized. Conveniently located near King George Blvd, Hwy 99, and South Surrey shops, with White Rock and Crescent Beach just a stone's throw away. Pets are welcome with restrictions, and rentals are permitted. (id:48205)

2 Bedroom 2 Bathroom 859
For sale Open House
$689,900
309 14550 WINTER CRESCENT, surrey, British Columbia

309 14550 Winter Crescent

Surrey, British Columbia

Welcome to luxurious Crescendo complex, located in one of South Surrey's premier neighbourhoods! This gorgeous 2 bedroom & 2 bathroom unit has it all! With over 900 sq. ft. and top line finishing such as quartz counters, grey shaker cabinets, high quality flooring & more! Lots of owner upgrades too including hood vent, glass shower door for bath, screens for windows, chandelier for dining, pull out storage under kitchen sink, blinds for patio door and shower head extensions! This is one of the best layouts in the complex with separated bedrooms, open concept that is bright and airy and a very spacious feel! Privacy from balcony as you face the trees! 2 parking stalls side by side and a storage locker. Located close to Nicomeckl River, schools, transit, highway, shopping and more! MUST SEE! OPEN SAT/SUN MAY 18/19 FROM 2-4PM/ Come and See! (id:48205)

2 Bedroom 2 Bathroom 929
For sale
$679,900
402 15350 19A AVENUE, surrey, British Columbia

402 15350 19a Avenue

Surrey, British Columbia

Welcome to Stratford Gardens! This TOP-FLOOR, CORNER UNIT offers 2 bedrooms, 2 baths, plus a den. Featuring a large living room area with a double-sided fireplace, a spacious kitchen with new SS appliances, and a cozy eating area. Retreat to the primary bedroom with a spa-inspired ensuite, and enjoy the extra space in the den. In-floor radiant heat, and a private balcony surrounded by trees create a serene atmosphere. Amenities include a gym, library, billiards, clubhouse, guest suites, and storage. Wheelchair accessible and conveniently located near shopping, restaurants, schools, transit, and Bakerview Park. Don't miss out on this one! (id:48205)

2 Bedroom 2 Bathroom 1164
For sale
$675,000
315 1787 154 STREET, surrey, British Columbia

315 1787 154 Street

Surrey, British Columbia

** SELLER IS PREPARED TO PROVIDE A $5,000 DECORATING ALLOWANCE CREDIT TO A QUALIFIED BUYER. PLEASE CONSULT WITH LISTING AGENT FOR DETAILS.** Measurements taken by Matterport. 1 cat or 1 dog allowed. Must be able to carry dog out of the building. No viscous breeds. Bonus 2 parking stalls ( # 100, # 87 ) and 1 storage locker ( # 30 ) (id:48205)

2 Bedroom 2 Bathroom 1044
For sale Open House
$674,900
203 15270 17 AVENUE, surrey, British Columbia

203 15270 17 Avenue

Surrey, British Columbia

Welcome to highly desirable CAMBRIDGE! This FULLY RENOVATED, 2 bedrooms, 2 bathrooms, 1508 sqft unit nestled in the heart of White Rock/South Surrey. Spacious open floor plan perfect for entertaining. Updates throughout include: New appliance's, flooring, paint, moldings, spa inspired ensuite, electrical outlets and switches, lighting, electric blinds, the list goes on. Oversized rooms for all your larger furniture. BONUS walk-in laundry room/pantry complete with new washer and dryer. Step outside onto your large covered balcony ideal for year-round enjoyment. Well maintained 55+ complex, comes with one parking stall and one storage locker. Lots of visitor parking. fully stocked workshop for all your projects. Walking distance to transit, restaurants, shopping, parks and more. Call today! (id:48205)

2 Bedroom 2 Bathroom 1508
For sale
$668,900
103 2960 151 STREET, surrey, British Columbia

103 2960 151 Street

Surrey, British Columbia

Welcome to SOUTH POINT WALK 2! This 2-bed like new condo from award winning developer StreetSide Developments offers all the conveniences of modern living: 9ft ceilings, laminate flooring, shaker style cabinets, pendant lighting, quartz counters, stainless steel appliances, gas range and custom built fireplace. The Primary bedroom offers a large walk-in closet and ensuite w/double sinks. Larger over sized patio, private fenced yard with its own separate entrance to the unit. Amenities include a meeting room w/kitchen, games room w/billiards table, gym, garden plots, playground and bike room. Quick stroll to South Point Mall for groceries, shopping and restaurants. Easy access to transit and highway 99. 2 side by side parking spots, 1 storage locker. (id:48205)

2 Bedroom 2 Bathroom 853
For sale Open House
$668,000
114 2960 151 STREET, surrey, British Columbia

114 2960 151 Street

Surrey, British Columbia

Discover this meticulously maintained 962 sq ft unit featuring 2 bedrooms, 2 bathrooms + den nestled within the thoughtfully crafted South Point Walk community by Streetside Developments in South Surrey. Situated on the main floor, this bright and inviting corner unit with 9ft ceilings offers a spacious and airy ambiance. Unit features a well-appointed kitchen with ample counter space and shaker cabinets, laminate flooring, abundant storage/closet space, separate bedrooms for privacy, and. 62 sq ft covered patio. The primary bedroom includes spacious closet space and and an ensuite with double sinks. South Point Walk offers a range of amenities, including an outdoor space with a shared garden, BBQ area, and fireplace. Inside the clubhouse, residents can enjoy a gym, pool table, and a comfortable lounge equipped with a kitchen and seating area. Walking distance to groceries, shopping, restaurants. Unit comes with 1 storage locker and 1 parking stall. Open House Sat and Sun 2-4PM. (id:48205)

2 Bedroom 2 Bathroom 962
For sale
$659,900
213 5504 BRYDON CRESCENT, langley, British Columbia

213 5504 Brydon Crescent

Langley, British Columbia

Welcome home this fall to arguably the BEST floor plan in Langley. This 2-bed 2-bath CORNER UNIT is nestled in the Canvas community by the experienced RRG, offering quick access to trails, parks, and Langley's upcoming SkyTrain! Inside, enjoy 828 sf of a FANTASTIC LAYOUT, featuring a bright 9' ceiling, Samsung Appliance Package, modern kitchen with quartz countertops and kitchen island. Plus, there's ample space for separate living and dining. Additional perks include an IN-UNIT STORAGE ROOM, a WALK-IN CLOSET, and a generous BALCONY (see floor plan - it's huge!). Upgrades include an EV Ready Stall with charging station & laminate in bedrooms. This unit is as close as it gets to a perfect condo: bright - spacious - and a very comfortable layout. You don't want to miss it! (id:48205)

2 Bedroom 2 Bathroom 828
For sale Open House
$659,000
211 15350 16A AVENUE, surrey, British Columbia

211 15350 16a Avenue

Surrey, British Columbia

RARELY AVAILABLE- Welcome to White Rock's popular OCEAN BAY VILLAS! EXCELLENT VALUE for this spacious 2 bedroom, 2 bathroom condo in this desirable well-managed complex. This home is a CORNER UNIT with a very FUNCTIONAL FLOOR PLAN which highlights generous room sizes, 2 ensuite bathrooms, a large, updated kitchen with 2 windows, and a huge unique deck that runs the entire length of the home. Additional features include a roomy, well-appointed entrance, a cozy gas fireplace, updated fixtures, and fresh paint throughout. It also boasts plenty of storage/closet space plus an additional storage locker. Steps from the elevator. SECURED parking. Amenities include a resident caretaker, bike room, GYM, games room and guest suite. PETS WELCOME! EXCELLENT WALK SCORE. A fabulous place to call home!!! (id:48205)

2 Bedroom 2 Bathroom 924
For sale Open House
$659,000
310 15185 22 AVENUE, surrey, British Columbia

310 15185 22 Avenue

Surrey, British Columbia

This spacious two bedroom, two bathroom condo is located in South Surrey's Villa Pacific complex. This well-maintained and managed complex is conveniently located just off of 152nd Street beside school White Rock Christian Academy. With transit access just around the corner, Villa Pacific is a 5 minute drive from grocery stores and all major amenities and a 10 minute drive from White Rock Beach. This beautiful top floor unit features a spacious, updated kitchen, a natural gas fireplace, and a south-facing patio. The kitchen updates include granite countertops and stainless steel appliances. The primary bedroom is very spacious with southern, sunlight exposure and a large ensuite bathroom a bathtub. This pet-friendly condo is located right beside the building elevator. (id:48205)

2 Bedroom 2 Bathroom 962
For sale
$658,800
302 15168 19 AVENUE, surrey, British Columbia

302 15168 19 Avenue

Surrey, British Columbia

The Mint! Immaculate, shows like new! Stunning 3rd floor bright corner suite. Stainless, granite, designer colors! Bonus two parking stalls and locker. Top school catchment. quick possession is possible. All ages and pets welcome! (id:48205)

2 Bedroom 2 Bathroom 867
For sale
$658,000
406 15392 16A AVENUE, surrey, British Columbia

406 15392 16a Avenue

Surrey, British Columbia

This is a stunning 2 bed/2 bath condo in a central location facing south with natural light throughout the day. Enhanced by high ceilings and a freshly painted interior, the ambiance is warm and inviting. The updated kitchen has new countertops, a stylish backsplash, and modern faucets. Newly installed Venetian blinds offer privacy without compromising on light. The bathrooms include new countertops, toilets, faucets, and sinks. Enjoy the expansive balcony with storage is ideal for unwinding or hosting gatherings. The building includes a gym, rental suite, and entertainment room, catering to various lifestyle needs. Don't miss this one! (id:48205)

2 Bedroom 2 Bathroom 910
For sale Open House
$658,000
403 2950 KING GEORGE BOULEVARD, surrey, British Columbia

403 2950 King George Boulevard

Surrey, British Columbia

Welcome to High Street! The beautiful 2 beds condo on the TOP FLOOR with perfect privacy. Mountain range views & overlooking the shops of High Street that include restaurants, coffee shops, spas, doctors offices, Save on Food, HomeSense & Canadian Tire right outside of the building. Engineered Hardwood floor, Stainless European oven, granite counter tops, Bosch washer & dryer, High-end lighting fixtures, a spa style master bath. 2 PARKING underground, a gym, party room. Private central garden area including fire pit, BBQ for residents only! Must see! Open House May 19 2-4pm (id:48205)

2 Bedroom 2 Bathroom 835
For sale Open House
$649,000
210 15188 22 AVENUE, surrey, British Columbia

210 15188 22 Avenue

Surrey, British Columbia

If you're looking for a comfy living space with convenient location, look no further than Muirfield Gardens! This charming and commodious unit features two bedroom and den. Almost everything in the unit has been substantially renovated. Paint, flooring, cabinets, granite counters, washrooms, drapes/window coverings, moulding, etc...Appliances are new as well. Enjoy the gas fireplace in the living room during colder months or fire up the bbq and enjoy the breeze on your outdoor balcony! Both bedrooms being situated on opposite sies allows for maximum privacy. Abundant storage within the unit is supplemented by a locker and an 1 underground parking space. This unit is within walking distance to all essentials. NO SMOKING BUILDING, 1 cat or 1 dog 14" at the shoulder as per bylaws. (id:48205)

2 Bedroom 2 Bathroom 1026
For sale Open House
$644,900
213 2960 151 STREET, surrey, British Columbia

213 2960 151 Street

Surrey, British Columbia

Welcome to "Southpoint Walk" situated in the heart of South Surrey. This 2 bedroom 2 bathroom unit is a North Facing quality built condo by Streetside Developments. This complex is walking distance to Southpoint Shopping Cetnre which includes, coffee shops, grocery stores, restaurants and much more. This home features a gourmet kitchen, Quartz Countertops, Laminate Flooring, Natural Gas Cooktop and Expansive Windows with alot of natural light. Spacious living room with a private covered balcony for year round use. Both bedrooms are on opposite sides of the unit, ensuring maximum privacy with the master offering a large spa enspired suite with a soaker tub and stand up shower. Pets & rentals allowed ! Perfect for first time home buyers, downsizers or investors. (id:48205)

2 Bedroom 2 Bathroom 836
For sale
$638,800
110 13959 16 AVENUE, surrey, British Columbia

110 13959 16 Avenue

Surrey, British Columbia

This is your dream home. Ground floor unit with spacious living area. Step inside to discover a bright, open concept design. The large master bedroom includes a walk-in closet. 2 bedrooms, 2 bathrooms, 1 kitchen and 1 loundry room. Exterior is completely rain-screened with updated roof, windows, exterior doors. White Rock Village II is part of an adult-oriented community, those aged 55 and above. Walking distance to beach, close to transportation and shops.It offers exceptional value in the area. 1 parking stall, 1 storage locker, No pets, No smoking. Quick possession possible. Book an appointment for a showing today. (id:48205)

2 Bedroom 2 Bathroom 1227
For sale
$629,999
210 15168 19 AVENUE, surrey, British Columbia

210 15168 19 Avenue

Surrey, British Columbia

Welcome to The MINT, located in the picturesque South Surrey! This 2-bedroom, 2-bathroom unit boasts appealing features such as granite countertops, stainless steel appliances, and impressive amenities. On the quiet side looking over the court yard. Experience a cozy living area with an airy open concept, lofty ceilings, and expansive windows that flood the space with natural light. The property includes one parking spot and a storage locker, along with access to a party/meeting room, a fitness facility, and an outdoor courtyard for your pleasure. Enjoy the convenience of living close to all amenities! FULLY RENOVATED WITH NEW LAMINATE FLOOR PAINT AND LIGHT FIXTURES IN 2024 (id:48205)

2 Bedroom 2 Bathroom 865
For sale
$629,000
113 15150 29A AVENUE, surrey, British Columbia

113 15150 29a Avenue

Surrey, British Columbia

This attractive home boasts an open floor plan, perfect for entertaining, with rarely available cross unit bedrooms. Year round use of the large partially covered patio (23'6"x14'2") offers almost 335 sf of extra living space with access from both the living room and the primary bedroom. Recent renos ($35K) include vinyl plank flooring, paint, new ensuite w/soaker tub, professional closet organizers with drawers, barn door access to walk through 7'6"x5' closet, lighting, and more. Sands 2 is a very desirable complex with indoor car wash, woodwork/hobby room, library, party room, wide hallways and outdoor seating set amongst beautiful landscape and foliage. Downsizing? New family? Perfect! Walk to shopping, restaurants & nature. Fast access to Hwy 99. Open House Apr 13/14, 1-3 pm. Easy to show. (id:48205)

2 Bedroom 2 Bathroom 955
For sale Open House
$629,000
107 2151 151A STREET, surrey, British Columbia

107 2151 151a Street

Surrey, British Columbia

Kumaken Apartments: Built by reputable Dawson Sawyer. This gated community, nestled in tree line boulevards, is situated next to Semiahmoo Heritage Trail. This is the first time this building is offered for sale to the public! Up to 9 foot ceilings with spacious layouts, oversized windows, full sized appliances, in-suite washer/dryer, walk-in closets, with large covered decks on the upper floors & private yards on the main floor. Located in Semiahmoo Secondary catchment ( IB Program ). 2 Parking & 1 Storage. OPEN HOUSE: SAT, May 11th 10:30am - 12:30pm (id:48205)

2 Bedroom 2 Bathroom 1022
For sale Open House
$629,000
407 2151 151A STREET, surrey, British Columbia

407 2151 151a Street

Surrey, British Columbia

Kumaken Apartments: Built by reputable Dawson Sawyer. This gated community, nestled in tree line boulevards, is situated next to Semiahmoo Heritage Trail. This is the first time this building is offered for sale to the public! Up to 9 foot ceilings with spacious layouts, oversized windows, full sized appliances, in-suite washer/dryer, walk-in closets, with large covered decks on the upper floors & private yards on the main floor. Located in Semiahmoo Secondary catchment ( IB Program ). 2 Parking, 2 Storage. Pictures taken from unit 402. OPEN HOUSE: SAT, May 11th 10:30am - 12:30pm (id:48205)

2 Bedroom 2 Bathroom 996
For sale
$625,000
203 15188 29A AVENUE, surrey, British Columbia

203 15188 29a Avenue

Surrey, British Columbia

Welcome to South Point Walk. This 2-bedroom, 2-bathroom condo features a spacious kitchen with an oversized island, quartz countertops, stainless steel appliances and gas stove. The primary bedroom has a beautiful ensuite with heated floors. Conveniently located just a 5-minute walk from transit, shops, restaurants and more. The well-maintained building features a club house, exercise room, and sundeck area. (id:48205)

2 Bedroom 2 Bathroom 815
For sale Open House
$624,900
104 15270 17 AVENUE, surrey, British Columbia

104 15270 17 Avenue

Surrey, British Columbia

This delightful NE facing 1300 sqft ground floor unit beckons you to embrace a lifestyle of comfort and convenience. Step out onto your private patio, perfect for nurturing your green thumb or relishing morning coffee. Featuring laminated flooring, California shutters, stainless steel appliances, and fresh paint, this unit radiates pride of ownership. Crown molding adds a touch of elegance to the spacious living room adorned with expansive windows. Conveniently situated within 1/2 block of Semihamoo Mall, dining options, a senior center, and more. Enjoy easy transit access to Hwy 99 and the border. Vacant and ready for a quick possession. Don't miss this opportunity in a 55+ building that exudes pride of ownership. Strata fee covers cable, heat, water, and more. (id:48205)

2 Bedroom 2 Bathroom 1308
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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