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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
$824,900
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 Open House
$799,900
101 3315 148 STREET, surrey, British Columbia

101 3315 148 Street

Surrey, British Columbia

Welcome to Southaven! This 2 bedroom 2 bathroom ground floor corner unit offers a private setting with no shared walls, boasting modern features like laminate flooring, sleek cabinetry, quartz counters, Samsung appliances, and oversized windows. Plus, a walkout deck for pets, children, or the elderly. Enjoy 2 parking spots, 1 storage locker, a fitness center, and a billiard room. Conveniently located near Choices Market, Starbucks, Morgan Crossing, and Grandview Corners. Easy access to Hwy 99 and the park & ride. This home also offers piece of mind with a new home warranty (2-5-10). Contact us for more details! (id:48205)

2 Bedroom 2 Bathroom 744 sqft
For sale Open House
$799,000
7 16323 15 AVENUE, surrey, British Columbia

7 16323 15 Avenue

Surrey, British Columbia

Discover your dream home set along scenic salmon bearing Carlson's Creek, Premier development by Dawson + Sawyer. Open concept floor plan with 3 bedrooms, 3 bathrooms, plus den. Spacious kitchen boasts an oversized island with quartz countertops, leading to a full-width deck, perfect for entertaining! Master suite fits king-size bed, walk-in closet, and spa-inspired ensuite with double sinks. Washer/dryer conveniently located on bedroom level. Den downstairs makes the perfect home office, play room or guest space...Enjoy extra wide side-by-side garage. 3 walking trails, 2 tennis courts and recreation centre nearby. Easy access to border, HWY 99, playgrounds, shopping, and all level schools, this home has it all! Open house on Jun. 22 & 23, 2-4pm (id:48205)

3 Bedroom 3 Bathroom 1327 sqft
For sale Open House
$799,000
302 1441 BLACKWOOD STREET, white rock, British Columbia

302 1441 Blackwood Street

White Rock, British Columbia

OPEN HOUSE. GREAT PRICE. 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
$799,000
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 sqft
For sale
$799,000
16 1400 164 AVENUE, surrey, British Columbia

16 1400 164 Avenue

Surrey, British Columbia

Peaceful,quiet,private,relaxing, bright and comfortable. These are just a few words to describe this well laid out two bedroom two bathroom rancher in the highly desired Gateway Gardens complex. This home is on the quiet side of the complex and has tons of private fenced yard space. It has a sundeck out front facing east for morning sun, two more patios that are covered for shade on the south side of the home with a larger yard space in the back facing west. The floor plan offers large rooms with open concept and has newer hot water tank built in vac, large laundry room with clothes washer dryer, new fridge , stove microwave dishwasher. Hurry and book an showing today. This one won't last (id:48205)

2 Bedroom 2 Bathroom 1163 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
$789,000
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
$788,000
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
$769,999
202 1725 MARTIN DRIVE, white rock, British Columbia

202 1725 Martin Drive

White Rock, British Columbia

SOUTHWYND(55+)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
$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
$739,900
504 3315 148 STREET, surrey, British Columbia

504 3315 148 Street

Surrey, British Columbia

SOUTHAVEN PENTHOUSE BY PARKRIDGE HOMES! Modern farmhouse-inspired corner unit condo w/open-concept floorplan boasting 9 ft ceilings, vaulted ceilings in LR and primary, oversized windows, neutral colour scheme, laminate flooring throughout, Samsung appliance package including 5-burner gas range & convection oven, soft-close flat panel cabinetry, quartz countertops, undermount sink & in-suite laundry. BONUS: 2 PARKING + 1 STORAGE LOCKER! Amenities include fully equipped gym, rec room, social lounge, meeting facility, playground, open greenspace with space for social gatherings. Walking distance to Choices Market, Starbucks, restaurants, and easy access to shops at Morgan Crossing, Grandview Corners and transit. Call Today! (id:48205)

2 Bedroom 2 Bathroom 818 sqft
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
$699,000
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
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 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
$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 sqft
For sale Open House
$685,000
209 13959 16 AVENUE, surrey, British Columbia

209 13959 16 Avenue

Surrey, British Columbia

Stop the search!!! This bright beautiful designer inspired 2 bed 2 bath reno boasts a generous gourmet kitchen with ample stone counters, s/s appliances & gorgeous accent lighting opening up to a spacious dining & living space steps from a lovely sunny courtyard facing patio. Fabulous for entertaining! The 1223 sq ft unit also has 2 full spa like bathrooms w/ heated floors, a generous main bed w/ walk in, its own private patio & stunning ensuite. To finish it off a 2nd ample bedroom, full pantry with complete laundry room, SL & 1 parking is included. Enjoy the quiet of the back courtyard gardens from the two patios while sipping your coffee each morning. Located in the friendly White Rock Village ll, (owner must be 55+) an adult community with fun social events, a gym, wood working shop, library, party room & proactive strata. Central to stores, the beach, transit & entertainment. This one is a gem with everything done top to bottom! Open House this weekend June 22 & 23 2-4pm. No pets No smoking bylaws. (id:48205)

2 Bedroom 2 Bathroom 1223 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