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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
$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
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
$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 sqft
For sale Open House
$699,999
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 sqft
For sale
$699,999
53 2303 CRANLEY DRIVE, surrey, British Columbia

53 2303 Cranley Drive

Surrey, British Columbia

Welcome Home! RARE TRIPLE WIDE residence in Sunnyside Estates! Unique opportunity to own this large 2 bed 2 bath Manufactured home on a detached bare land strata where you own your own 3672 SQFT LOT. Extensively updated unit w/ new flooring, interior + exterior paint, counter tops, stainless steel appliances & windows, sliding door & more! 3 different living spaces, 2 sundecks, gourmet kitchen w/ oak cabinets, gas fireplace, large master bedroom w/ walk-in closet, french doors leads into the beautiful 5-pc ensuite. Relax in the custom built rear deck leading into the private yard. Transit located right outside the complex entrance, minutes away from White Rock beach, US border crossing, Grandview shopping & more! No age restrictions, low strata fee of $120.00. This home will not last long! (id:48205)

2 Bedroom 2 Bathroom 1658 sqft
For sale Open House
$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 square feet of living space, located conveniently off King George Highway, and offering mountain views of the serene Nicomekl River. This third level interior facing unit has 9 feet ceilings, elegant quartz countertops, stainless steel appliances, and new wood flooring, seamlessly blending modern luxury with the essence of peaceful living. Exceptional education 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 sqft
For sale
$699,000
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 sqft
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
$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
$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 sqft
For sale
$675,000
408 15368 17A AVENUE, surrey, British Columbia

408 15368 17a Avenue

Surrey, British Columbia

Beautiful 2-bed + den condo in desirable Ocean Wynde. Top-floor corner unit has over 1,050 sq ft of well-designed living space. Features 2 large bedrooms on opposite ends for enhanced privacy & a spacious den - ideal for a home office. Two full 4-pc bathrooms w/tile floors & granite counters. Easy-care laminate floors, cozy electric fireplace & 9 ft ceilings throughout. Open concept living & dining area plenty of big windows allowing plenty of natural light. Modern kitchen w/granite counters & convenient breakfast bar. Large balcony offering mountain views. 2 PARKING stalls & a storage locker. Rentals & pets allowed. Close to Semiahmoo Mall, schools, Bakerview Park, and easy access to transit. Great investment opportunity too! Don't miss out! (id:48205)

2 Bedroom 2 Bathroom 1051 sqft
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
$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 sqft
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
$659,900
102 15392 16A AVENUE, surrey, British Columbia

102 15392 16a Avenue

Surrey, British Columbia

Ocean Bay Villas ground floor condo! New professionally installed and Strata approved laminate floors throughout PLUS new stainless steel appliances in kitchen! AS you walk in you are immediately drawn to the AMAZING living room natural gas fireplace and large windows overlooking an expansive PATIO and outside space with lots of room for Plants, Furniture and a BBQ! Primary Bedroom suite boasts 3 piece ensuite with walk-in shower. Check out the second bedroom has a WALK-IN closet! Open concept living room and dining room with galley style kitchen with solid wood cabinets. Great complex with amazing GYM, and Guest suite available, even a place to wash your car underground, one Parking Place plus storage locker, 2 pets allowed (NO SIZE RESTRICTIONS) Don't miss this one! (id:48205)

2 Bedroom 2 Bathroom 936 sqft
For sale Open House
$659,000
221 2970 KING GEORGE BOULEVARD, surrey, British Columbia

221 2970 King George Boulevard

Surrey, British Columbia

The watermark in South Surrey. Great area with boutique shops and restaurants.. great two bed two bathrooms, stainless appliances, granite countertops, gym and amenities room.. vacant and ready to move in.. owner has bought up country so quick possession possible. (id:48205)

2 Bedroom 2 Bathroom 924 sqft
For sale
$659,000
308 1745 MARTIN DRIVE, surrey, British Columbia

308 1745 Martin Drive

Surrey, British Columbia

SOUTHWYND!!! The South Surrey, concrete low-rise complex, built by Bosa!! Turn this 2-bedroom, 2-bathroom spacious unit with 9' ceilings into your new home! The oversized living room invites relaxation and looks out to the quiet courtyard. The separate dining room, and the large deck is ideal for hosting guests. The kitchen has ample space, along with space for additional shelving, and the oversized laundry room doubles as versatile storage, keeping your living areas clutter-free. The primary bedroom is generously sized, featuring an 8' closet and an additional 4' closet features a private deck for quiet moments. Nestled in a quiet complex that will make you forget that you are in walking distance to shopping, dining, entertainment, and the beach! Do not miss out on this one! (id:48205)

2 Bedroom 2 Bathroom 1040 sqft
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
$649,800
113 15155 22 AVENUE, surrey, British Columbia

113 15155 22 Avenue

Surrey, British Columbia

Quiet Villa Pacific. Sought after 2 Bedroom Corner Garden Suite in Sunny South Surrey. 2 well laid out Decks that lead out to Lush Garden Area. 2 Bathrooms. Bright Kitchen, Fireplace, 1 Parking, 1 Storage. Complex features fitness centre, Amenities Room, Library, Toolshop. Ideally located Property on quiet Cul-d-Sac, with no Thru traffic. Adjacent to Semiahmoo Trail just outside your door for lovely wooded walks. Close to Transport, Shops, Churches, etc. (id:48205)

2 Bedroom 2 Bathroom 1041 sqft
For sale
$649,000
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 sqft
For sale
$649,000
211 15350 16A AVENUE, surrey, British Columbia

211 15350 16a Avenue

Surrey, British Columbia

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 sqft
For sale
$648,900
305 15368 16A AVENUE, surrey, British Columbia

305 15368 16a Avenue

Surrey, British Columbia

Welcome to your new home at Ocean Bay Villas, with White Rock Beach just minutes away! This stunning upper floor, 2-bedroom, 2-bathroom condo has an excellent layout & includes a modern kitchen, hardwood floors & large covered balcony facing the courtyard. With lovely southeast exposure & plenty of windows, this home is flooded with natural light. Fully reno'd kitchen, (quartz counters, white cabinets, breakfast bar) opens to the living & dining room - perfect for entertaining. The updated gas F/P surround adds warmth & style. Primary bdrm w/ ensuite. 1 Parking, 1 Storage Locker. A well-maintained complex, conveniently located near shops, schools, hospital & restaurants. Strata Fees incl: hot water & gas. No pet size restrictions! Non-smoking bldg. Don't miss out on this one. Call today! (id:48205)

2 Bedroom 2 Bathroom 928 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