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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
$4,899,000
2650 136 STREET, surrey, British Columbia

2650 136 Street

Surrey, British Columbia

Grand Country Manor on a 1.1 acre private, double gated family estate in the peaceful heart of prestigious Elgin Chantrell ! Wonderful large 4 br family home, open plan carefully designed in & out. A sprawling gourmet kitchen to entertain family & guests. A luxurious 5 pc. master above, in floor heating throughout, A/C & HRV sys. on demand & nat. gas gen. available for backup security. Huge manicured front & back yards with a varieties of foliage, plan fun activities around in-ground pool & jac, outdr shower, heated & massive covered bbq patio area, koi pond and playground for the kids. Detached coach house is privately planned with a massive 4 car heated checkered garage floor, and large space above. Short walk to Chantrell & Elgin Schools. Discover tranquility # White Rock South Surrey. (id:48205)

6 Bedroom 8 Bathroom 4651 sqft
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
$4,600,000
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
$4,488,000
13536 13A AVENUE, surrey, British Columbia

13536 13a Avenue

Surrey, British Columbia

Absolute Rare-find Oceanfront Property in the most prestigious street in South Surrey. Large 23,510 square feet lot with panoramic ocean view! Large and flat buildable area. It can be built over 7500 square feet new home with beautiful ocean views on both levels. Quiet and Peaceful, Building Plan available for 6 bedrooms and 8 bathrooms including a two-bedroom legal suite. Large gym, sauna, wine lounge, theatre, recreation, office, wok kitchen, large two-car garage..... Owner has spent hundred thousand dollars on design, and DP/BP application. Please note land assessment value: $5,278,000.00! Great value to buy now and build your luxury oceanfront mansion. (id:48205)

4 Bedroom 7009 sqft
For sale
$4,450,000
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 7010 sqft
For sale
$4,388,000
2534 140 STREET, surrey, British Columbia

2534 140 Street

Surrey, British Columbia

This exceptional luxury half acre estate residence is nestled in the prestigious Sunnyside Park area of South Surrey close to Chantrell Creek and Elgin Park Secondary School. This Modern inspired residence, with meticulous workmanship boasts 4 Bedrooms upstairs and guestroom on main, all ensuites. Royal master suite with Luxury bath and huge 16 by 10 Wilkin closet. Huge Living and dinning room with high ceiling. Luxurious kitchen with top of the line THERMADOR appliances and separate spice kitchen. Big 31'8 by 18 Covered patio with full outdoor kitchen and built-in Firepit Table. Step outside to a sprawling backyard, perfect for entertainment and leisure, complemented by natural beauty of tall trees. FULLY LOADAD.Virtual tour https://my.matterport.com/show/?m=j8nDPbgmx81 (id:48205)

5 Bedroom 6 Bathroom 5196 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 5806 sqft
For sale
$3,980,000
3299 137A STREET, surrey, British Columbia

3299 137a Street

Surrey, British Columbia

Primary Elgin Location. 6 bdrms/5baths home in prestigious Bayview Estates in South Surrey awaits you and your family. This spectacular home boasts over 7000 Sq feet of quality construction and is situated on an extremely private 46,815 SF lot backing onto green space. Enjoy cooking in the gourmet kitch, that will impress even the fussiest chef w/its lrg open layout, granite counters & top of the line appl. Walk-out basement features huge game room, office area, gym, media room, and one additional bdrm. Entertain you friends to the latest movies in the state of the art media rm or lounge beside the heated outdoor swimming pool. Basement can be converted easily to a suite for mortgage helper. School catchment Chantrell Creek and Elgin Park , this home is truly for these seeking the special. (id:48205)

6 Bedroom 5 Bathroom 7166
For sale
$3,899,999
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. (id:48205)

4 Bedroom 4 Bathroom 3602 sqft
For sale
$3,888,000
1643 135A STREET, surrey, British Columbia

1643 135a Street

Surrey, British Columbia

Last chance to own a new 7000 sf residence on a prime street in private "Amble Greene". This 9 bedroom & 10 bath masterpiece offers many living options, as the lower floor is complete with a legal 2 bedrm suite. Exceptional quality & finishing, features incl. dream kitchen with "Thermador" & Dacor" appliances, full "Wok" kitchen, wide plank engineered hardwood over radiant heat with A/C & HRV. Top of the line elevator, suspended staircase, double height family rm ceiling with features wall, large decks to southern backyard, 10ft. ceilings on main & guest bedroom on main floor. Full security system, inground sprinkler, enormous 550 sf media room, and oversized triple garage. Prime 10,000 sf lot fronts dedicated parkland in this ultra quiet cul-de-sac of this famed location. (id:48205)

9 Bedroom 10 Bathroom 7144 sqft
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 sqft
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
$3,850,000
14069 30A AVENUE, surrey, British Columbia

14069 30a Avenue

Surrey, British Columbia

Elgin Hill Estate - Premier Living in Elgin's Most Desirable Neighborhood. Located in a quiet cul-de-sac. This custom-built executive home offers supreme privacy with its green belt backyard. Spanning 5,305 square feet on a 12,056 square foot lot and facing East/West, the home features Grand foyer with 16-foot high ceilings. Formal dining room and office, Wok kitchen and a spacious gourmet chef's kitchen equipped with professional appliances, center island, and pantry. Adjacent eating area and an elegant family room with a roaring fireplace and double glass doors leading to a covered BBQ patio. Four spacious bedrooms upstairs and two extra bedrooms downstairs. Perfect luxurious home, must see! (id:48205)

6 Bedroom 5 Bathroom 5305 sqft
For sale
$3,798,000
2676 133 STREET, surrey, British Columbia

2676 133 Street

Surrey, British Columbia

MAGNIFICENT Residence situated on a private 46,340sqft SOUTH facing property. Lush landscaping and meticulously manicured lawns create a stunning oasis for entertaining and family living. Beautifully updated 4,393sqft home boasts 4 bedrooms and 4 bathrooms. Grand foyer sets the tone of sophistication with an adjacent Formal Living and Dining Room with garden views. Great Room with a tastefully updated Kitchen and high end appliances features french doors to expansive patios for seamless indoor/outdoor entertaining. Well-appointed bedrooms above including the Principal Suite with spa-inspired ensuite and deck overlooking the gardens. Bonus Media Room with a bar tucked away on the upper level. Rare 7 Car Garage with Covered RV Parking. Timeless Luxury for a buyer seeking exclusivity. (id:48205)

4 Bedroom 4 Bathroom 4393
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
$3,699,900
2020 134 STREET, surrey, British Columbia

2020 134 Street

Surrey, British Columbia

This estate, located in the prestigious Elgin luxury community of South Surrey/White Rock, spans nearly 20,000 square feet of land with over 5,000 square feet of interior space, offering a luxurious lifestyle. Elegant design and perfect maintenance ensure comfort and sophistication. The layout maximizes space and natural light, featuring a spacious master suite with a walk-in closet and spa-like bathroom. Other bedrooms are ideal for family and guests. The expansive basement, with an independent entrance, can serve as a home theater, fitness center, or guest apartment. The large courtyard offers excellent privacy, ample outdoor activity space, and limitless future possibilities. This property is an ideal place to create and cherish memories. Contact us to schedule a private tour now! (id:48205)

6 Bedroom 5 Bathroom 5148 sqft
For sale
$3,688,000
2328 138 STREET, surrey, British Columbia

2328 138 Street

Surrey, British Columbia

Chantrell Parks. The Best location in South Surrey ,walking distance to both Elgin High and Chantrell Creek Elementary . 6515 SF Custom designed 12 year house situated on 18000 SF lot. This 7 bedrm gem shows extremely well: modern design and very high end finish thru out . 10' ceiling on the main and 9' in the basement .Features incl: twin masters suites, dynamic kitchen with "Thermador" appliances, wok kitchen, on demand radiant heating , wine cellar, full bar, high end theatre, hardwood floors, wall paper, crystal chandeliers. A Spectacular home to raise family . (id:48205)

7 Bedroom 7 Bathroom 6515 sqft
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 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
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! open house Saturday March 30 2;00 to 4:00 pm (id:48205)

4 Bedroom 5 Bathroom 5107
For sale
$3,599,999
2178 OCEAN FOREST DRIVE, surrey, British Columbia

2178 Ocean Forest 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 w/ luxurious finishes throughout Grand Foyer w/ 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. Showing with appointments only. (id:48205)

7 Bedroom 9 Bathroom 7282 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