Notice: Uninitialized string offset: 19 in /home/natashataylor/public_html/wp-content/plugins/fusion-builder/shortcodes/fusion-table.php on line 119

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.

284 results | Page 3 of 12
12 24 48
Search/Filter Properties


LOADING

For sale
$3,488,000
13241 15A AVENUE, surrey, British Columbia

13241 15a Avenue

Surrey, British Columbia

Luxurious Living - Prime Ocean Park Location. Shows new! Superior detailed finish throughout 6,136 sq. ft. plan, 6 bedroom and 7 bath three level plan exudes quality. Main floor 10' and vaulted ceilings, floor to ceiling windows, brushed hardwood floors, office, formal dining room, butler's pantry, wok kitchen, chef's dream custom kitchen, high-end appliances, walks out to entertainment size double sundeck, guest bedroom. Upper-level stunning primary suite, plus 3 ensuited secondary bedrooms. Lower-level walk out basement, rec room, plumbed bar, wine cellar, media room, sauna, gym, and 6th ensuited bedroom. Sunny and private 7,979 sq. ft. lot, back lane access. Ray Shepherd and Elgin Schools. (id:48205)

6 Bedroom 7 Bathroom 6016 sqft
For sale
$3,449,888
2684 140 STREET, white rock, British Columbia

2684 140 Street

White Rock, British Columbia

Attention Builder/Developer. PLA Issued. Subdividable lot in the South Surrey (Sunnyside Park area). This is 1 acre lot that can be subdivided into two half-acre lots. The application has already been submitted to the city and part of the fee has been paid by the seller. Subdivide it or live on this beautiful Rancher-style home on One Acre. Call your agent for more details. Potential to build a new three-story home. (id:48205)

3 Bedroom 3 Bathroom 2297 sqft
For sale
$3,390,000
14157 25A AVENUE, surrey, British Columbia

14157 25a Avenue

Surrey, British Columbia

SPECTACULAR Estate Sized Property on Elgin's street of dreams. Surrounded by some of the most luxurious homes on the peninsula, this 3,000sqft family home boasts beautiful Scandinavian inspired design throughout. Brand new metal roof, newer floors, paint, carpets, cabinetry and washrooms (countless upgrades). A double height foyer flows into a spacious Formal Living Room with a sunroom to enjoy the park-like backyard. Great Room with a modern Kitchen and Family Room and adjacent Dining Room. French doors lead to the expansive outdoor patios. 1 Principal Suite on the main floor, and a 2nd on the upper level. Completely level 27,751sqft property backing Elgin Park for additional privacy. The backyard is a rare gem with natural light from every direction and no trees. MUST SEE Property! (id:48205)

4 Bedroom 4 Bathroom 2960 sqft
For sale
$3,368,000
13161 15A AVENUE, surrey, British Columbia

13161 15a Avenue

Surrey, British Columbia

Welcome to this exquisite home in a perfect harmony of comfort & luxury. This architectural jewel boasts expansive living spaces including a main floor graced w/t soaring 12ft ceilings. A grand entrance hall ushers you into an elegant living rm, a spacious dining area, and a state-of-the-art kitchen crafted for culinary enthusiasts. The open-concept family rm, featuring a cozy fireplace, seamlessly transits to a sunlit patio, perfect for effortless indoor-outdoor entertainment. The upper floor, w/t lofty 10ft ceilings, hosts a sumptuous primary suite w/t a luxury ensuite bth rm & WIC, offering a serene retreat. Three additional bedrooms provide comfort & style, complemented by modern bth rms outfitted w/t premium fixtures. A beautifully landscaped garden envelops the home in greenery & blooms, creating a picturesque setting. The property located in a quiet cul-de-sac, close to schools/shoping ctr/recreation ctr/library, and steps to public transit. (id:48205)

5 Bedroom 5 Bathroom 3894 sqft
For sale
$3,200,000
1603 KING GEORGE BOULEVARD, surrey, British Columbia

1603 King George Boulevard

Surrey, British Columbia

Investor/Developer Alert!! Development lot for sale, part of KING GEORGE HIGHWAY CORRIDOR PLAN. Great potential to be rezoned to Multiple Residential, please check with City of Surrey for Land use. Easy access to HWY 99, U.S Border, White Rock Beach, and restaurants. Measurements provided by realtor and are approx. buyers and/or buyer's agent to verify important. Call for more details. (id:48205)

2 Bedroom 1 Bathroom 940 sqft
For sale Open House
$3,199,999
1689 144 STREET, surrey, British Columbia

1689 144 Street

Surrey, British Columbia

Welcome to this Gorgeous 2-level residence on a private 7200 sq.ft lot that offers 3,235 sq.ft of comfortable living in the most desirable location of ocean park quiet neighbourhood. This gorgeous home offers a 5-bedroom, 4-bathroom. Features an elegant open concept floor Plan, granite counter tops and secured front and back yard. Potential to make bachelor suite. School Catchment Bayridge Elementary, Semiahmoo High School, South Surrey Indoor Pool, South Surrey Recreation Centre and Athletic Park and more! MINUTES AWAY FROM WHITE ROCK BEACH. Do not miss, make this beautiful home of your dreams! (id:48205)

5 Bedroom 4 Bathroom 3235 sqft
For sale
$3,199,888
13183 19A AVENUE, surrey, British Columbia

13183 19a Avenue

Surrey, British Columbia

Welcome to your dream home! This meticulously crafted 6Bed,7Bathroom sanctuary boasts premium features and modern conveniences throughout. Step into the heart of the home, where culinary delights await in the gourmet kitchen. Adorned with custom-made cabinetry and adorned with luxurious Caesarstone and Marble countertops, this space is a chef's paradise. Security and peace of mind are paramount here, thanks to the integrated Control4 system, providing seamless control over security and sprinkler systems.Outside, the meticulously landscaped grounds offer a private oasis, complete with a sprinkler system to keep your garden lush and vibrant year-round. This home combines luxury living. Don't miss your chance to experience the epitome of modern elegance - schedule a viewing today. (id:48205)

6 Bedroom 7 Bathroom 6111 sqft
For sale
$3,198,000
2694 MCBRIDE AVENUE, surrey, British Columbia

2694 Mcbride Avenue

Surrey, British Columbia

High-end Primary bedroom on main floor home with 3 (or 4) bedrooms upstairs. Beach-inspired style, custom built by Rick Penner of Rodell Homes. Situated on an oversized lot just one street from the water. Special features include 8-foot interior doors, whitewashed knotty pine ceilings, wool carpet, metal roof, Euroline windows, A/C, gated driveway, solid oak wide plank hardwood floors. Master craftsmanship that just feels right. Kitchen boasts "Old World" custom cabinets, a Sub-Zero integrated fridge, Fulgor Milano gas range, and Caesarstone countertops. Peaceful outdoor living with idyllic landscaping, abundant stone work, a covered & heated patio, privacy fences, and hedges. Sonos speakers throughout. Interior design by Susan Sinclair. Ample parking and single car garage. (id:48205)

4 Bedroom 4 Bathroom 2897 m2
For sale Open House
$3,150,000
14436 17 AVENUE, surrey, British Columbia

14436 17 Avenue

Surrey, British Columbia

** New home in Semiahmoo. BRAND NEW 5 bedroom + 5.5 bathroom residence situated on a sun-drenched south facing backyard in the heart of Sunnyside Park. Engineered hardwood floor on all levels, designer lighting, radiant in floor heating, custom millwork, air conditioning and HRV. Main floor offers a formal office, PLUS one master-bedroom ensuite to fulfill all your family's needs. Upstairs offers 4 spacious bedrooms ensuite including a sap like master, large sitting area for entertainment. Minutes to the prestigious Semiahmoo Secondary/rec-center/library/shopping/beach. Ready to move in. (id:48205)

5 Bedroom 6 Bathroom 3803 sqft
For sale
$3,098,000
13563 28 AVENUE, surrey, British Columbia

13563 28 Avenue

Surrey, British Columbia

Great investment property! Builders and Investors Alert! Located in a multi-million dollar neighborhood of prestigious Elgin Chantrell, rectangle shape, North and South facing ONE ACRE lot with a 165 feet frontage and a 264 feet depth. House is liveable with a new roof, rent it out or bring your imagination to build dream home with a walk-out basement. Walking distance to Chantrell Creek Elementary and Elgin Park Secondary. Easy access to Hwy 99, Nico-Wynd Golf Course. (id:48205)

3 Bedroom 3 Bathroom 3849 sqft
For sale Open House
$2,999,999
14534 17 AVENUE, surrey, British Columbia

14534 17 Avenue

Surrey, British Columbia

Prime Location! Welcome to this stunning custom-built home nestled in the heart of Sunnyside Park with a sun-drenched south-facing backyard. Luxurious features include engineered hardwood floors, designer lighting, radiant in-floor heating, custom millwork, AC and HRV. The main floor boasts a formal living and dining area, an office. PLUS a 2-bed suite with separate entrance for versatile living options. Upstairs, indulge in 4 spacious bedrooms with ensuites, including a spa-like master. Enjoy a large living area, den, PLUS a LOFT with bathroom on the 3rd floor perfect for entertainment/can be converted into another bedroom, complete with a beautiful walkout Patio. Conveniently located steps away from Semiahmoo Secondary School/rec center/library/shopping/beach and more! (id:48205)

6 Bedroom 7 Bathroom 4262 sqft
For sale Open House
$2,999,999
13937 35A AVENUE, surrey, British Columbia

13937 35a Avenue

Surrey, British Columbia

Are you ready to make your dream home a reality? Look no further than this exceptional property in Surrey's highly sought after Elgin-Chantrell neighbourhood. Imagine waking up each morning to the breathtaking water & mountain views outside your window. Picture yourself entertaining friends and family in your dream home with a spacious, customizable layout that perfectly fits your needs. This property offers you the chance to make your dream home a reality. With top-rated schools, parks, and shopping center just a stone's throw away, you'll have everything you need to live the luxurious lifestyle you deserve. (id:48205)

3 Bedroom 3 Bathroom 4400 sqft
For sale
$2,998,000
12368 21A AVENUE, surrey, British Columbia

12368 21a Avenue

Surrey, British Columbia

Optimal location in Ocean Park. A Quiet cul-de-sac, West of Prestige's Ocean Park Road. Large Landscaped Lot. Quality finishing on all 3 levels total of 5,236 SF living space. A Grand classic craftsman design. Nine Ft ceilings, transom glass above entry doors, wide grand staircase .Oak hardwd flrs. Spacious chefs Kitchen, pantry, Island, dbl ovens, wolf range ,granite surfaces, eating area & Family room. Main floor is 1723 SF, offers exec office, formal dining & living rm. 2 gas f/p's. Easy access to covered wrapped veranda & S.West backyd, Privacy fenced, Hot Tub & Fire-pit. Above 9'ft ceilings, grand 528SF primary suite w/ walk-in closet, 2022 new marble spa en-suite.3 Lge bedrooms + games room up . Below: 1,700 SF radiant heated floors. Separate entry, media lounge & wet bar & 2-3 bedrooms below. Schools: Ocean Cliff & Elgin Park Sec. New 40-year roof / skylight 2016 / new boiler 2020 for in-floor heating in basement. 4th fireplace is natural gas outdoor fire-pit. All services underground & no trees. (id:48205)

5 Bedroom 3 Bathroom 5236 sqft
For sale
$2,990,000
3211 143 STREET, surrey, British Columbia

3211 143 Street

Surrey, British Columbia

The Elgin Estate! Elegant craftsman style showhome built by Windridge. This Gorgeous house features over 13,500 Sqft. lot, 4,376sqft 5 bedrooms , 4 1/2 bathrooms plus Den with walk out basement home, 3 good sized bedrooms on top level, main floor formal living, dining, great room and Den; 3 bedrooms and recreation room, wet bar in the fully finished basement built by current owner in year 2011; many more updated and renovation: New eaves and gutters in 2021; Hardwood floor on main, Kitchen island with Quartz countertop and maple backsplash, SubZero and Wolf appliance new hood range, updated power room in 2020. Quality millwork, finish and attention detail. Beautiful landscaped fenced corner lot, possible RV access, quick freeway access. The school catchment is Chantrell creek elementary and Elgin Park. (id:48205)

5 Bedroom 5 Bathroom 4376 sqft
For sale Open House
$2,960,000
13018 MARINE DRIVE, surrey, British Columbia

13018 Marine Drive

Surrey, British Columbia

Well-maintained spectacular family home with amazing ocean view. 5325 sqft exclusive living space on a meticulously landscaped 8037 sqft lot in the prestigious & coveted OCEAN PARK neighborhood. Excellent floor plan & functional layout with 7 bdrm, 5 bath, over 1000sqft decks (including ROOF TOP DECK with breathtaking ocean view.) Main floor: large open kitchen complete with granite countertops, luxury Fortile range hood, newer dishwasher, huge living room leading to the spacious deck where enjoying the sensational ocean view while savoring coffee. Below main, luxurious master suite with F/P, walk-in closet, 5 piece ensuite, & private deck, along with 4 other oversized bedrooms on this floor. Just Renovated 2bdrm suite in BSMT as mortgage helper. A fantastic home with desired lifestyle. (id:48205)

7 Bedroom 5 Bathroom 5352 sqft
For sale
$2,899,000
13209 MARINE DRIVE, surrey, British Columbia

13209 Marine Drive

Surrey, British Columbia

Exceptional panoramic ocean view. 9213 sqft. Both the main/upper level all can enjoy ocean view. Very well maintained by owners, with updated kitchen, maple wood cabinets, granite counter top, hardwood floor, new bathrooms, 3 newer fireplaces, all the doors, tile roof. House was designed with open plan, large windows. Shows as a 10. Total 4 bedroom and 4 bathrooms, over 4000 sqft, a great home for family use in excellent condition. Good investment property too. (id:48205)

4 Bedroom 4 Bathroom 4512 sqft
For sale
$2,888,000
13923 22A AVENUE, surrey, British Columbia

13923 22a Avenue

Surrey, British Columbia

Welcome to this 2-level residence on a private 13,982 sq. ft lot that offers 3,458 sq. ft of luxurious living in the most desirable location in Elgin Chantrell. This gorgeous traditional home offers a 4-bedroom,4-bathroom located on a quiet cul-de-sac, sunny South Surrey's most prestigious area; a true neighborhood in every sense. Features an elegant open floor plan including a private and secure west-facing back garden, updated baths and kitchen, and oversized double garage with storage. Recent updates included a new roof and central air-conditioning. Great location close to, School, Restaurant, public transit! Great Catchment school: Chantrell Creek Elementary & Elgin Park Secondary! Must See! (id:48205)

4 Bedroom 4 Bathroom 3458 sqft
For sale Open House
$2,879,000
12719 25 AVENUE, surrey, British Columbia

12719 25 Avenue

Surrey, British Columbia

Beautifully crafted home in desirable Ocean Park! This remarkable home features an open floor plan with 5 bedrooms and 6 bathrooms including a spacious 1 bedroom legal suite. As you enter this fabulous home you are greeted by a living room with oversized windows and a formal dining room with high ceilings. The gourmet kitchen provides tastefully appointed quartz countertops, Wolf & Fisher Paykel appliances and an entertainers island with an integrated nook table that overlooks your family room. There is also a secondary kitchen that provides a freestanding gas range along with a walk-in pantry. Top floor offers 4 bedrooms all with ensuites and walk-in closets. Primary bedroom consist of a spa inspired ensuite, oversized closet and a large balcony to enjoy those summer evenings! (id:48205)

5 Bedroom 6 Bathroom 3223 sqft
For sale Open House
$2,849,000
3253 143 STREET, surrey, British Columbia

3253 143 Street

Surrey, British Columbia

Welcome to a masterpiece of luxury living in The Estates at Elgin Creek meticulously crafted by Wallmark Homes. This extraordinary residence sets a new standard for elegance and sophistication. Sitting on a sun drenched corner lot, this home boasts over 4,500 sqft of living space, across 3 well appointed levels featuring 5 bedrooms and 5 bathrooms. The main floor is a dream, complete with a formal living and dining area, vaulted kitchen & office. The West-facing backyard is an oasis of relaxation, featuring a stunning pool, hot tub and built-in BBQ perfect for entertaining guests. Located within the coveted school catchment areas of Chantrell Creek Elementary, Elgin Park Secondary & Southridge Private School. OPEN HOUSE Fri Mar 29 4pm-6pm, Sat+Sun Mar 30/31 2pm-4pm, Mon April 1, 1pm-3pm (id:48205)

5 Bedroom 5 Bathroom 4559 sqft
For sale
$2,799,999
13026 CRESCENT ROAD, surrey, British Columbia

13026 Crescent Road

Surrey, British Columbia

Excellent 1.018 Acre Lot Boasting Water & Mountain Views in the Prestigious & Most Desired Elgin Chantrell Neighborhood. This prime location offers ample privacy with a Beautiful 3,000 Sqft Renovated Rancher featuring 4 Bedrooms, 2 Full Bathrooms, 1 Office, Carport for 2 cars, a Big Shed & a Spacious Basement with storage. Close to schools, Major highways, steps away from Crescent Beach/Crescent Beach Marina, Golf courses and Trails offering the best South Surrey Living! Buy & hold or build your dream home on this massive 1 Acre Lot! (id:48205)

5 Bedroom 2 Bathroom 3100 sqft
For sale Open House
$2,788,000
13892 30 AVENUE, surrey, British Columbia

13892 30 Avenue

Surrey, British Columbia

Perfectly situated in the sought-after West Elgin neighborhood, this 3344 sqft executive home boasts solid construction and meticulous upkeep. The main floor features a generous master bedroom, while upstairs offers three additional large bedrooms in an open layout. The kitchen, family room, and eating area flow seamlessly, overlooking the private southwest-facing backyard. A new roof, replaced in 2020, adds to the home's durability. Enjoy the convenience of walking distance to Chantrell Creek Elementary, Elgin Park Secondary, as well as nearby parks and trails. This residence promises both comfort and prime location (id:48205)

4 Bedroom 3 Bathroom 3396 sqft
For sale
$2,780,000
12943 14A AVENUE, surrey, British Columbia

12943 14a Avenue

Surrey, British Columbia

Modern, bright , luxury . Completely renovated by Sherman design Company + Additional brand new living room with high ceiling, Swarovski chandelie . Private Master Bedrm on Main with Gorgeous Walk-in Dressing Room & Spa ensuite. Huge island kitchen with all high end appliances, sub-zero fridge, wolf gas stove , coffee maker . The experience is complete with a state of the art wireless sound system that links to your smart phone . Three bedrms up . Private , stunningly landscaped back yard on green space. Walk to Starbucks, Library *School Catchment Ocean Cliff & Elgin. Walk to beach , shops, recreation , transportation. (id:48205)

4 Bedroom 4 Bathroom 3105 sqft
For sale
$2,700,000
2538 139A STREET, surrey, British Columbia

2538 139a Street

Surrey, British Columbia

Welcome to the sought-after neighbourhood of Peninsula Park! This rare Rancher with a full basement sits majestically on a stunning 1/3 Acre lot with convenient lane access to its double garage. Boasting 4,505 sqft of living space, this 5-Bdrm, 3-Bath home offers modern comforts and timeless charm. The updated gourmet kitchen features elegant white shaker cabinetry, quartz countertops, and new Fulgor Milano appliances. Downstairs, discover 2 separate entrances, a recreation room, wet bar, family room, and 2 Bdrm, perfect for a potential suite conversion. Step outside to a private, fenced backyard oasis with stunning gardens, water feature, pond, and 3 inviting patios, ideal for outdoor living and entertaining. Located near Chantrell Creek Elementary & Elgin Park Secondary. (id:48205)

5 Bedroom 3 Bathroom 4505 sqft
For sale
$2,699,000
1772 156A STREET, surrey, British Columbia

1772 156a Street

Surrey, British Columbia

Located in a quiet Street within walking distance to White Rock Beach, parks, shops and community center. This is a generously sized home with traditional amenities, that still emphasizes the open, integrated, and functional spaces needed for modern life. The grand foyer w/chandelier leads you to the home office on the right. And Entertaining family room adjacent to gourmet kitchen, wok kitchen and dining room. Legal 2-bedroom suite, separate access. 5 bedrooms en-suite including 2 Jack and Jill bedrooms Stone, 2 guest ensuites, and 1 master bedroom with walk-in closet and the luxurious en-suite bathroom features generous space for both tub and shower base. Lots of Parking space on the driveway. (id:48205)

7 Bedroom 6 Bathroom 3828 sqft
Your Favourites

 

No Favourites Found

 

    *Your information will never be shared with any third party.
  • This field is for validation purposes and should be left unchanged.

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