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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
$4,975,000
13047 CRESCENT ROAD, surrey, British Columbia

13047 Crescent Road

Surrey, British Columbia

ONCE IN A LIFETIME does a property this special come available. This is the most unique property on Crescent Road!! The property is 3.778 Acres, from Crescent Road all the way down to the Nicomekl River overlooking Crescent Beach Marina. With lush walking trails from the backyard down to the River and over 500 feet of River Front, this is truly a spectacular location. If you are looking to build your Dream Home, look no further!! This property has so much natural beauty bring your camera, the wildlife is impressive. If that isn't enough, then come by and enjoy the view over Mud Bay watching the sunset! From the moment you drive down the driveway, this property will take your breathe away! A house that you can live in while you get ready to build your dream home, don't miss this!! (id:48205)

5 Bedroom 2 Bathroom 2572 sqft
For sale
$4,700,000
2598 O'HARA LANE, surrey, British Columbia

2598 O'hara Lane

Surrey, British Columbia

BEACH FRONT - FIRST TIME OFFERED IN ALMOST 80 YEARS, The Rothwell House! Once upon a time a cottage, this home was lovingly restored from the studs up in 2005. A Heritage jewel on the water. Swim and paddle outside your door! Approx 6000 sq.ft. of parklike grounds with inground sprinklers, this is a very quiet part of the beach away from traffic and commotion. This location is equally stunning in the winter as it is in the summer. Over 3000 sq.ft. of living space professionally measured including a very functional lower level which is rare for the area. Stunning kitchen update in 2022 includes appliances by (Britain's) Aga Range, Sub Zero, and Bosch. An EXTREMELY RARE OFFERING. By appointment. (id:48205)

3 Bedroom 3 Bathroom 3031 sqft
For sale
$4,680,000
13885 18 AVENUE, surrey, British Columbia

13885 18 Avenue

Surrey, British Columbia

Gated 2 levels Brand New house! 6755 sqft, 6 bedroom 7 bathrooms. Situated on a beautiful 29543 sqft lot, located in the heard Central Elgin area of South Surrey. Best school. Elgin High. Geoerous in scale and intimate in comfort . Miele appliances, wine cellar, fully equipped media room, Radiant heating , Airconditioning, 2 bedrooms on the main, all 6 bedrooms with ensuite, big entertainment island kitchen and wok kitchen. 2-5-10 year warranty . (id:48205)

6 Bedroom 7 Bathroom 6755 sqft
For sale
$4,668,000
2650 139A STREET, surrey, British Columbia

2650 139a Street

Surrey, British Columbia

Magnificent family home in Peninsula Park! This custom built luxurious home come completes with a fully self-contained guest house. Boasting 2 master bedrooms with fabulous ensuites and WIC's (one on the main and upper level), 4 additional bedrooms (ensuited), an open kitchen with professional grade appliances plus 2nd wok/spice kitchen. Brazilian hardwood floors & custom finishes adorn this elegant home. The full walkout lower level features an exercise room, media room, spacious games room, guest bedroom and lots of storage. This exclusive estate home sits on a gated 24,001 sqft lot with three gated driveways, 5 garages, nanny/in law suite and mature landscaping. Chantrell Creek and Elgin Park school catchments. Truly the finest location in one South Surrey's most exclusive neighborhoods (id:48205)

7 Bedroom 8 Bathroom 7510 sqft
For sale
$4,600,000
13967 34 AVENUE, surrey, British Columbia

13967 34 Avenue

Surrey, British Columbia

Escape the ordinary at Peak View Chalet - a testament to estate living. This inspiring log home, nestled amidst nature and sprawling one-acre parcel offers ocean views. Exquisite design, 20ft vaulted ceilings soar overhead providing natural light and air. The heart of the home is a gourmet chef's kitchen, which opens up onto the 1000SF sun drenched patio perfect for summer BBQ's. Unwind in front of the magnificent wood-burning fireplaces or rejuvenate your senses in the indulgent sauna, all while basking in the sublime ambiance of the surroundings. Every corner of this residence feels magical, from the spa-like bathrooms to the lavish primary retreat, ensuring a lifestyle of utmost comfort. A triple garage provides ample space for vehicles and storage and huge crawl space can store all your treasures. Legal suite adds versatility for guest or Airbnb. BONUS- allowable 1700SF of additional space to build your ideal man cave! Make memories at Peakview Chalet- timeless masterpiece! OH- FEB 10th 2-4/11th 11-1pm (id:48205)

5 Bedroom 4 Bathroom 6318 sqft
For sale
$4,398,000
2462 139 STREET, surrey, British Columbia

2462 139 Street

Surrey, British Columbia

This solid two-storey home sits on over an acre of land in the prestigious South Surrey land community of Elgin Chantrell. This beautiful park-like oasis is located close to transport, good schools and a community park, on the highest and flattest rectangular plot. It lies quietly in a beautiful and quiet alley with no creek or environmental issues. The entire house has radiant hot water heating. The main floor entrance is a high-ceiling foyer with a large entertainment room, high-ceiling living room, dining room, office, kitchen and dining room, as well as a suite, 5 bedrooms and 3 bathrooms upstairs.There are large iron gates at both ends of the driveway, equipped with security camera systems. The very private backyard with no large trees awaits your backyard landscaping ideas such as a tennis court, pool, and studio with ensuite.Currently zoned RA,but with the new provincial legislation plus housing affordability crisis, there is a good possibility of larger land in the future. (id:48205)

6 Bedroom 4 Bathroom 4080 sqft
For sale
$4,390,000
2019 129B STREET, surrey, British Columbia

2019 129b Street

Surrey, British Columbia

True Masterpiece of Homeowners Dream! This remarkable mansion sits on 20,000 sqft lot, spans 10,000 sqft of elegant living space. The refined architecture & stunning 20' great room leads to 2 Chef's kitchen & 2 spacious wok kitchen for your executive party preparation, Radiant marble/hand scraped hardwood floor throughout; 7 bedrm; 9 bathrm; 9 fireplaces; Spa-like master & its ensuite w/huge walk-in; reading lounge, den & loft suite shows the character itself. 2 bedroom in-law suite with designer kitchen &wok kitchen, a separate entrance and own Laundry. ELEVATOR in the house! The resort retreat backyard w/covered patio, cozy f/p, built-in BBQ completes this magnificent home. Act Fast! Master Piece! (id:48205)

7 Bedroom 9 Bathroom 9460 sqft
For sale
$4,388,000
1794 OCEAN PARK ROAD, surrey, British Columbia

1794 Ocean Park Road

Surrey, British Columbia

Exquisite custom-built residence, "The Iron Man house," located in the sought after Ocean Park Rd. This architectural marvel is conveniently situated mere minutes away from shopping amenities, while just a stroll away from the serene Crescent Beach and the breathtaking Kwomais Point, offering panoramic ocean views. Crafted with meticulous attention to detail, this home features extensive concrete construction, spray foam insulation, Kohler electric touch-control showers, 2x8 studs, steel beams, and solid construction. Boasting designer lighting and tiles throughout, along with an in-floor radiant heating system, A/C, integrated lighting and music, and a sophisticated security system equipped with monitored cameras. Schedule your private viewing today and experience the epitome of luxury! (id:48205)

6 Bedroom 6 Bathroom 6527 sqft
For sale
$4,098,000
2985 WOODCREST PLACE, surrey, British Columbia

2985 Woodcrest Place

Surrey, British Columbia

Welcome to the epitome of luxury living in the Woodcrest Place cul-de-sac. Nestled within a prestigious private 1-acre lot, this custom-built executive home offers an unparalleled fusion of elegance and functionality. As you step into the grand foyer, you're greeted by a world of opulence. From the formal living and dining rooms to the gourmet kitchen boasting granite counters and a six-burner gas cooktop, every detail speaks of refined taste. The main floor master suite is a haven of relaxation with its sitting area, fireplace, and ensuite featuring a glass steam shower and jetted tub. With five additional bedrooms, a 6-car garage, a loft above the garage, and a beautifully landscaped backyard, this home redefines extravagance. School: Chantrell Creek Elementary and Elgin Park Secondary. (id:48205)

6 Bedroom 6 Bathroom 5918 sqft
For sale
$3,988,880
3090 O'HARA LANE, surrey, British Columbia

3090 O'hara Lane

Surrey, British Columbia

INCOMPARABLE CUSTOM WATERFRONT west facing property at sought-after Crescent Beach! Meticulously crafted with the finest finishings in this home. Boasting almost 2,200 sf of living space, this 2-level home is rarely available. Immerse yourself in the timeless allure of this residence featuring expansive floor-to-ceiling windows that reveal breathtaking ocean views, watch the sunrise and sunset from your many outdoor decks and patios. Features include slate tile floors, wool carpets, gourmet kitchen, custom plantation shutters on every door and window, and radiant heating. Open concept living with spacious master suite allows you to relax and enjoy this stunning retreat. An entertainer's and gardener's dream, this home is sure to impress! Elevate your lifestyle with this picturesque home! (id:48205)

3 Bedroom 2 Bathroom 2160 sqft
For sale
$3,980,000
13035 CRESCENT ROAD, surrey, British Columbia

13035 Crescent Road

Surrey, British Columbia

This one is the dream home. Water front view, fully renovated 4 bdrm + 3 bathrm with 2351 sqft, 24904 sqft lot. The View can be Pacific Ocean View, Nicomekl River View, North Shore Mountain View, much more. From top to bottom, even crawlspa ce, updated/maintenance with superior workmanship and material. Within the best school catchment: Elgin High, Crescent Park Elementary. Move in with passion. New kitchen counter top, New stove, DW, Fridge, washer, dryer, garage roof only 4 yr old, new painting for the backyard sundeck. Roof about 12 yr old. (id:48205)

4 Bedroom 3 Bathroom 2351 sqft
For sale
$3,888,000
12532 23 AVENUE, surrey, British Columbia

12532 23 Avenue

Surrey, British Columbia

Welcome to your dream home in one of Ocean Parks most coveted neighborhoods. This spacious residence boasts over 5,000 square feet of living space, offering room for elaborate entertaining and comfortable daily living. Step outside into your private oasis and enjoy a pristine pool, hot tub, exercise studio and sport court, perfect for active outdoor enjoyment. Inside, unwind in your own sauna room and enjoy the grand foyer, gourmet kitchen, and spacious floor plan. Home features a large above ground, in-law suite making room for the whole family. Prime location close to top-rated schools and upscale amenities, this Ocean Park estate is your ticket to luxury living. Don't miss out- schedule a showing today! (id:48205)

7 Bedroom 4 Bathroom 5517 sqft
For sale
$3,888,000
2305 129B STREET, surrey, British Columbia

2305 129b Street

Surrey, British Columbia

Welcome to a brand new modern masterpiece on 1/2 ACRE property in the desirable neighbourhood of Elgin Chantrell! Master planned by renowned architect Raymond Bonter, this home offers an open concept floor plan with an emphasis on functionality & high end finishings; custom cabinetry, counter tops, engineered hardwood floors, premium appliances, over-sized windows & doors! Private backyard allows for year-round entertaining on the terrace! Master bedroom on the main floor and upper floor; all bedrooms accompanied by en-suites. Air conditioning, radiant heat, security system and many more features! (id:48205)

5 Bedroom 6 Bathroom 4521 sqft
For sale
$3,880,000
14275 28 AVENUE, surrey, British Columbia

14275 28 Avenue

Surrey, British Columbia

Located in a very Private Parklike Acres of Elgin Chantrell, South Surrey. This wonderful property has 3436 sqft living space on 1.08 Acres (47,010 sqft lot). It features 5 bedroom 3 bath, outdoor tennis court, outdoor swimming pool, Open Kitchen family room with expansive decks all overlooking the rear yard and pool. 3 bedrooms on the top floor, 2 bedrooms in the basement, including an office area and Gym. Plenty of outdoor entertaining areas including a spectacular outdoor covered deck for outdoor cooking/dining with seating around the Fireplace. Must see for appreciation. (id:48205)

5 Bedroom 3 Bathroom 3436 sqft
For sale
$3,798,000
13169 MARINE DRIVE, surrey, British Columbia

13169 Marine Drive

Surrey, British Columbia

Experience this architectural modern masterpiece offering spectacular views of the Semiahmoo Bay & Mount Baker - located just steps to the beach! Exquisite design & quality finishes create a stunning residence while embracing the security and convenience of today's active family lifestyle. Enjoy an expansive primary level featuring floor to ceiling windows and entertainment size principal rooms providing direct access to the covered outdoor lounge with a built in BBQ & fire table for year-round enjoyment. The state-of-the-art features include a gourmet international kitchen with Miele appliances and a waterfall island, secondary prep kitchen, motorized shades, Control4 home automation, elevator, rooftop viewing terrace, golf green, gymnasium, theatre room, option for a suite & much more! (id:48205)

5 Bedroom 7 Bathroom 5000 sqft
For sale Open House
$3,788,888
14368 24A AVENUE, surrey, British Columbia

14368 24a Avenue

Surrey, British Columbia

SUNNYSIDE PARK! Great 2 storey family home located on a beautiful 32,258 sq.ft. rectangle shape lot (0.741 acres) with 152 feet width and 212 feet depth, south facing backyard, clear of big trees. Total 2,405 sq.ft. living space with 4 bedrooms 3 bathrooms. Previous renovated with newer windows, newer roof, crown mouldings, hardwood floors, newer carpets, 2 french doors access to the rear deck. Open concept Kitchen with abundant daylight, built-in cabinet, stainless steel appliances, overlooking the backyard. Upstairs, 4 spacious bedrooms including the master bedroom & master bathroom, 3 other bedrooms sharing a full bathroom. RV parking plus extra parking space. Central location, minutes walk to South Surrey Recreation Centre, Sunnyside Acres Park, Peninsula Village and White Rock Pier. (id:48205)

4 Bedroom 3 Bathroom 2281 sqft
For sale
$3,780,000
14033 30A AVENUE, surrey, British Columbia

14033 30a Avenue

Surrey, British Columbia

Beautiful Elgin Hill Estate nestled in prestigious neighbourhood, this gorgeous home offers 5,146sqft of luxurious living on a private 12,200sqft property. Walking in to the grand foyer, you are greeted by cross-hall formal Living and Dining Rooms for entertaining. Great Room along the rear of the home offers double height ceilings, and French Doors to the covered patio. Gourmet Chef's Kitchen with high-end appliances and bonus wok kitchen. 4 spacious bedrooms upstairs each with an ensuite including the luxe Primary Suite. Lower level complete with a gym, sauna, bar, cellar, media room, rec room and guest bedroom. Additional features include a back-up generator, fresh paint inside, and private/gated lane access. Chantrell Creek Elementary & Elgin Park Secondary catchment. Shows 10/10 (id:48205)

5 Bedroom 6 Bathroom 5146 sqft
For sale Open House
$3,688,888
13371 21A AVENUE, surrey, British Columbia

13371 21a Avenue

Surrey, British Columbia

Welcome to this elegant mansion in the heart of Elgin Chantrell! With over $300k in freshly completed renovations, do not miss the chance to buy this stunning home. High ceilings, solid oak floors, fine finishings, this home boasts over 4700sqft of living space. This home offers 6 bedrooms, 6 bathrooms, a spacious kitchen with marble countertops, a cross-hall living area perfect for entertaining guests, a theatre room, and so much more. Outside, you can enjoy your own outdoor pool in a private setting. Tastefully designed and engineered, come view this home today to appreciate its beauty. Open House Mar. 23 2-4pm. (id:48205)

6 Bedroom 6 Bathroom 4733 sqft
For sale
$3,688,000
13477 13A AVENUE, surrey, British Columbia

13477 13a Avenue

Surrey, British Columbia

Solid built home with good ocean view! 5135 sqft two storeys with basement on large 8500 sqft lot situated on the quiet, multi-million dollars water front street. All rooms on main and upper level are Bright and spacious, Hard wood floor on main and One large bedroom with ensuite on main as well. High ceiling in Dining room. Newer appliances in 2016. New paint and new flooring in basement. Super large deck on main floor, invite your friends to enjoy the summer. Beautiful ocean view from Primary bedroom upstairs. In-ground sprinkler and well-maintained landscape. nice tenant occupied, $5000/month, willing to stay for longer. (id:48205)

8 Bedroom 6 Bathroom 5135 sqft
For sale
$3,600,000
13577 13A AVENUE, surrey, British Columbia

13577 13a Avenue

Surrey, British Columbia

Don't miss this house with spectacular ocean view. 9009 sqft lot. 4 bdrms with huge master bedroom with areas to deck overseeing the ocean. Functional and spacious kitchen. Other features include: gym, ideal for work at home, media room, family room, etc. All integrated to offer comfortable living. Spacious, bright, and clean. A MUSE SEE! (id:48205)

4 Bedroom 5 Bathroom 5107 sqft
For sale Open House
$3,490,000
13918 20A AVENUE, surrey, British Columbia

13918 20a Avenue

Surrey, British Columbia

Fabulous executive residence in much sought after Chantrell Park Estates. This custom built house features 6267 sqft of luxury living, 7 bedrooms, a 15000 sqft lot with south facing back yard. The home oozes elegance with 2 staircases, extensive millwork, hardwood flooring and carpet upgraded in 2019, a formal living & dining room, a dream kitchen overlooking the family room & a beautiful rear garden. Some appliances replaced in 2019. There are 4 generous sized bdrms upstairs & another 2 bdrms in the bsmt. Entertaining is a breeze with a custom built bar, pool table, wine room & media room. In addition to the attached 3 car garage there is a detached single garage. Highly desirable neighborhood plus the best school catchment. Book your private showing! (id:48205)

7 Bedroom 5 Bathroom 6267 sqft
For sale
$3,490,000
2088 138 STREET, surrey, British Columbia

2088 138 Street

Surrey, British Columbia

Chantrell Park! This luxury residence is located on a 14,014 sqft lot with 6 beds and 8 bath, more than 6,200 sqft. The excellent detailing is evidence throughout the custom millwork, polished granite entry, rich stairwell, and magnificent soaring ceilings! A lavish master on the main, the Chef's kitchen with beautiful wood cabinetry & a spacious Wok kitchen! The family rm has floor to ceiling windows with sunshine since morning, overlook the sunken flower garden! Extending from the breakfast nook to the outdoor south-facing terrace. The upper has 3 ensuite bedrooms including a lovely 2nd master suite. Lower level equipped with walk out family area, media rm, gym, bar area, wine storge, sauna, and 2 large ensuite bedrooms! Walking to Ray Shepherd Ele, Elgin Park Sec! Call today! (id:48205)

6 Bedroom 8 Bathroom 6224 sqft
For sale
$3,489,000
3387 145 STREET, surrey, British Columbia

3387 145 Street

Surrey, British Columbia

GORGEOUS Custom Built Elgin Chantrell Residence. This 6,441sqft home boasts West Coast Contemporary interior design with quality construction; built by renowned Blair Gunn. Walking into the foyer, you are greeted by a formal Living Room and Dining Room with a custom Wine Cellar for your entertaining needs. The Great Room boasts soaring ceilings with a custom focal fireplace and leads to the magnificent Gourmet Kitchen with custom island and glass eating bar. French doors lead to a private deck for outdoor living and takes advantage of the pristine 15,959sqft property. Master Suite tucked away on the main floor with a hotel-inspired spa bathroom and dressing area. 3 Spacious bedrooms above and lower level is an entertainer's dream...media room, billiards room, games room & much more! (id:48205)

4 Bedroom 5 Bathroom 6441 sqft
For sale
$3,488,000
13478 WOODCREST DRIVE, surrey, British Columbia

13478 Woodcrest Drive

Surrey, British Columbia

Over one acre property, Many multi-million dollars new homes have been built in the neighbourhood in the past few years. Solid older house is in good shape, gorgeous flat lot with sunny South-facing back yard. Walk distance to both Chantrell Creek Elementary and Elgin Park Secondary. Minutes to beaches, nature trails, shopping and eateries.Please don't enter the property without an appointment. (id:48205)

5 Bedroom 4 Bathroom 3150 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