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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
$4,998,000
2343 CHRISTOPHERSON ROAD, surrey, British Columbia

2343 Christopherson Road

Surrey, British Columbia

Welcome to this beautiful custom-built ocean bluff residence. Nestled on a generous 12,300 sf lot, this 4-bed/5-bath home offers panoramic ocean and mountain views from all living spaces and levels. Impeccable craftsmanship and design shines through with beautiful finishings, skylights, and built-ins throughout. A spacious kitchen with pantry, bar, formal living, dining and family rooms leading out deck and patios areas, make entertaining a pleasure. Luxurious primary bedroom and ensuite features three walk-in closets! Unwind in the sauna, discover the whimsical hidden playroom, and versatile spaces with the potential to easily create a suite. Complete with a triple car garage. This is coastal living with privacy, elegance and comfort. A must see to experience the quality and view! (id:48205)

4 Bedroom 5 Bathroom 6274
For sale
$4,988,000
13305 28 AVENUE, surrey, British Columbia

13305 28 Avenue

Surrey, British Columbia

A Luxurious Mansion on a one-acre lot in trending Elgin Chantrell. With 8000 sqft across 2 storeys plus a walk-out basement, this home offers privacy and elegance. Four ensuite bedrooms upstairs, a second master on the main, and exquisite maple hardwood flooring. The living, dining, and family rooms feature double-height ceilings. The lower level boasts a wet bar, wine room, game and recreation rooms, gym, and media room. Double heat pumps ensure comfort year-round. Professionally landscaped grounds. Walking distance to top schools - Elgin Park Secondary and Chantrell Creek Elementary. Experience grand living at its best. (id:48205)

9 Bedroom 9 Bathroom 7825
For sale
$4,888,000
16051 16 AVENUE, surrey, British Columbia

16051 16 Avenue

Surrey, British Columbia

DEVELOPER ALERT! This centrally located site presents a prime opportunity for redevelopment. Situated within the King George Highway Corridor Plan, the current designation of 15 UPA offers the potential for rezoning to higher density. Similar sites in the area have recently been rezoned for 6-12 storey mixed-use buildings, highlighting the potential for this property. The property boasts direct access to Highway 99, making it an ideal location for easy commuting. Its proximity to schools, Peace Arch Hospital, transit, Morgan Crossing & White Rock Beach enhances its appeal for development. Don't miss out on this rare opportunity. (id:48205)

2100
For sale
$4,880,000
13216 CRESCENT ROAD, surrey, British Columbia

13216 Crescent Road

Surrey, British Columbia

Your Tuscan Villa awaits! Custom built by the current owner, this South Surrey masterpiece on a 1/2 acre offers over 9,000 sq ft w/5 bdrms, 5 full/4 half baths. No expense spared w/elevator, 8 car garage w/mezzanine & connecting home office, travertine/marble/limestone/rift cut hardwood flooring, solid vertical grain fir doors & windows, full basement bar/theatre/dance floor, imported roof tiles/columns, and more! Grand 23' entrance with gas sconces, chef inspired kitchen w/WOLF/SUB-ZERO appliances + separate prep kitchen, 2 dining areas - too much to list. 4 bedrooms + laundry up including oversize primary w/spa like ensuite + massive walk-in closet. Private yard w/koi pond, gazebo w/fire pit, outdoor bathroom, & storage shed. Truly a 5 star home. (id:48205)

5 Bedroom 8 Bathroom 9114
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
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
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
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
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
For sale Open House
$3,998,000
2810 O'HARA LANE, surrey, British Columbia

2810 O'hara Lane

Surrey, British Columbia

Escape to your own piece of paradise with this charming CRESCENT BEACH WATERFRONT home, offering stunning ocean views that will take your breath away! You'll love the unique three-level layout, a rare find in this cozy beach town. Complete with a fully finished lower level, featuring its own separate entrance. Bask in the natural light that floods through this well-built home, especially in the kitchen that seamlessly flows into the dining room, creating a warm and welcoming atmosphere for entertaining. Your master bedroom is complete with floor-to-ceiling windows, a cozy fireplace & private deck overlooking the ocean. The en-suite features a large soaker tub offering ocean views as you unwind. Come experience waterfront living at its finest. Open House Sun Apr 28th 11am-12pm (id:48205)

4 Bedroom 4 Bathroom 3602
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
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
For sale
$3,888,000
1784 AMBLE GREENE BOULEVARD, surrey, British Columbia

1784 Amble Greene Boulevard

Surrey, British Columbia

Step inside this beautiful brand new modern custom-built home in heart of Ocean Park - Amble Green. Located minutes away from Crescent Beach. This 6 bedroom 6 bath open concept home features 10 ft ceilings, radiant in floor heating, engineered hardwood, AC, HRV, built in speakers, security system, Control 4 Automated and more. Walk into a stunning kitchen made with Dekton countertops, high end appliances including a built in Miele Coffee Machine. Very elegant lighting and finishing's. Spacious bedrooms, elegant bathrooms and a pet shower room. This home is luxury living - schedule a private showing today. (id:48205)

6 Bedroom 6 Bathroom 4395
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
For sale Open House
$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
For sale
$3,880,000
12505 22 AVENUE, surrey, British Columbia

12505 22 Avenue

Surrey, British Columbia

A modern and luxurious home in the highly sought-after Crescent Beach Ocean Park neighbourhood, on a 21,736 sqft lot.The kitchen plus wok kitchen has been completely renovated and customized including Dacor appliances & LG smart fridge, quartz countertops, and high-end finishes! Comes with a custom 100-bottle temperature-controlled glass wine room.The theatre room has a premium sound system & screen. Wall-to-wall glass doors off the kitchen and living room which give lots of natural light. The backyard kitchen is equipped with built-in Napoleon Grills, all built-in high-end stainless appliances, modern stonework, a fire table, and ceiling-mounted heaters. The Pool & hot tub are custom designed by American Pools with premium tile. Too many upgrades to list, must see this home! (id:48205)

4 Bedroom 5 Bathroom 4144
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
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
For sale
$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
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
For sale
$3,748,888
2178 OCEAN FOREST DRIVE DRIVE, surrey, British Columbia

2178 Ocean Forest Drive Drive

Surrey, British Columbia

Welcome to French Manor Chentu Estate in the highly sought after neighborhood of Ocean Park. This custom built masterpiece combines timeless trendy design with luxurious finishes throughout Grand Foyer with double height ceilings, open concept, beautiful chandeliers, formal living room w/FP, & dining rm for 12 people, 7ft hallway leads to beautiful powder bath room. Huge family rm ideal for entertainment, eating area, chef's Kitchen w/soft close drawers, professional series appliances (Meile & Wolf ) & work kitchen ideal for everyday cooking. Picturesque views through vast glass windows & fold away doors that provide incredible indoor /outdoor lifestyle, while high ceilings create dramatic voluminous spaces for exceptional comfort & ambiance. Main floor also features a mudroom leading to the garage,full bedroom w/ensuite + walk in closet. The home is bright, open, a lot of molding work fully appreciating its awe inspiring location. Showing with appointments only. (id:48205)

7 Bedroom 9 Bathroom 7282
For sale
$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. (id:48205)

6 Bedroom 6 Bathroom 4733
For sale
$3,688,000
13387 21A AVENUE, surrey, British Columbia

13387 21a Avenue

Surrey, British Columbia

Fabulous Bridlewood family home renovated in 2019 with top-tier appliances, high-end floor & cabinet. A large kitchen that includes an island and eating bar plus a wet bar. There is plenty of room for everyone with a family room on the main level and an oversized bedroom upstairs. Have a flexible room to convert into a 5th bedroom. This home has been meticulously maintained. Outside, a spacious deck overlooks a picturesque in-ground sports court. Situated on a flat half-acre GD property, fully fenced with a sprawling grassy area, perfect for children and pets. Enjoy complete privacy in the yard, which backs onto a serene greenbelt. Located in one of South Surrey's most desirable neighborhoods, within walking distance to Elgin Park Secondary. (id:48205)

4 Bedroom 3 Bathroom 3690
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
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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