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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
$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
$3,590,000
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
For sale Open House
$3,588,000
2255 135A STREET, surrey, British Columbia

2255 135a Street

Surrey, British Columbia

Gorgeous executive estate residence situated in the highly prestigious Chantrell Park Neighbourhood. BREATHTAKING 2 storey home on a private estate (16685 sq. ft.) w/south and west facing yard. Walking into the grand foyer you are greeted to private home office & separate living room opening up to a beautiful formal dining room. Entertaining size famrm, flex rm, plus 2 bdrm w/4 pc washrm. Gourmet kitch w/upscale S/S appl. Wok kitch great for all kinds of style cooking. Huge mstr rm w/impress. enste. Addit 3 bdrms all w/ensuite. 2 Four Season Sunroom with all yr around hot tub offers endless family entertainment whenever you desire. Walk to Chantrell Creek Elem and Elgin Park Secondary. A must see! (id:48205)

7 Bedroom 5 Bathroom 5541
For sale
$3,499,000
13407 MARINE DRIVE, surrey, British Columbia

13407 Marine Drive

Surrey, British Columbia

Ocean View, Marine Drive West in Beautiful Sunny Ocean Park .Lot Size 13085 SF, Majestic Home 5343 SF, on three levels. Great Family layout or multi generational home or revenue home possibly. There is One Lg bedroom/office-18'11/16'3 on Main/Cross hall-full bath- Main floor is 1891 SF, generous sized rooms, traditional family floor plan, Large kitchen w/eating area, formal Dining room and living room. South facing balcony off the living space. 4 bedrooms up 1399 SF. Ocean View bedrooms* and 4 below (2053 SF) 2/2 bedroom suites, a walk out Basement.3 kitchens/3 sets of laundry/ 6 nat/gas fplace's, 5 full bath/9 bedrooms *Ocean view Roof Top + Decks, Balconies & Patios. New High Quality asphalt roof 2018* Lane access to Main home w/ triple garage 801 SF & ample open parking. Tenants access suites parking from Marine Drive Driveway & Storage rm. Schools: Elementary Ray Shepherd K - 7 , Secondary Elgin Park 8 - 12 . The tenanted Suites are avail to view on 2nd showings.(please Preview Brochure) (id:48205)

8 Bedroom 5 Bathroom 5343
For sale
$3,490,000
2683 134 STREET, surrey, British Columbia

2683 134 Street

Surrey, British Columbia

Rarely Available Acreage in Elgin's Most Desirable Locations. 44,227 sqft lot WEST FACING WITH LOTS OF SUNSHINE, REGULAR SHAPE, FLAT AND CLEAR OF LARGE TREES! One of the RARE lots that accommodates future new building with full basement. Live the lifestyle, renovate or build your dream home in one of the best neighbourhoods in South Surrey! (id:48205)

3 Bedroom 4 Bathroom 4348
For sale
$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
For sale Open House
$3,490,000
2071 136A STREET, surrey, British Columbia

2071 136a Street

Surrey, British Columbia

Nestled in tranquil Chantrell Park Estates, this 3-level home boasts 6 bedrooms, 5 bathrooms, and A/C, with a spacious walk-out basement featuring a separate entrance. Revel in the stunning hardwood flooring on the main level, complementing the open kitchen and beautiful landscaping. The large kitchen and nook are ideal for family gatherings, with potential for a wok kitchen. Hardwood flooring throughout the main floor exudes elegance, while the basement offers versatility for entertainment or fitness activities. With ample parking, including space for an RV trailer, and a triple garage, convenience is paramount. Walking distance to Elgin High School and Cantrell Creek Elementary, plus proximity to a public library and parks, enriches the lifestyle. (id:48205)

6 Bedroom 5 Bathroom 4913
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
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)

5 Bedroom 5 Bathroom 6441
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
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 4416
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
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
For sale
$3,388,000
2800 BAYVIEW STREET, surrey, British Columbia

2800 Bayview Street

Surrey, British Columbia

Custom Home in prestigious Crescent Beach. SHORT WALK to CRESCENT BEACH with Water & Mountain Views, Spacious Bedrooms and spa like en-suite bathroom. Home opens to 30 ft. tall ceiling & big windows bringing in lots of natural light. Gourmet style chef's kitchen with sub zero Thermadore refrigerator & 5-burner gas stove, two wine coolers and walk-in Pantry. Includes features like Radiant Heating, Central AC, Media Room, big Wine Room & in-built speakers in ceiling throughout the main floor. Ground level Legal 1 Bedroom Rental Suite. Rooftop Patio with full BBQ Kitchen, multiple outdoor covered patios and huge private yard. Spacious Double Garage plus Lots of Parking on secure gated driveway and visitor parking across the street. Minutes to Hwy 99. OPEN HOUSE April 6th/7th 2-4PM (id:48205)

5 Bedroom 4 Bathroom 4570
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
For sale
$3,326,000
13151 13 AVENUE, surrey, British Columbia

13151 13 Avenue

Surrey, British Columbia

Phenomenal 180 degree Panoramic OCEAN / ISLANDS / MOUNTAIN VIEW property situated on exclusive & coveted 13 Ave, quiet west beach neighbourhood CDS, custom built home on a perched level lot of 8693 sf, 4100 sf spacious living area has multiple functional designed. Main floor open to oversized sun-filled patios, extra wide street perfect distancing away from neighbours, no trees or wires blocking the view of sea to sky. Upgraded appliances, newly painted exterior wall and stairs. All bedrooms are south facing, features private balconies overlooking the stunning bay, islands, and Mt. Baker. Low maintenance backyard allow quality time to enjoy privacy and peaceful moments. Own this piece of paradise today! Close to parks, shops and restaurants in Ocean Park Village. (id:48205)

4 Bedroom 4 Bathroom 4103
For sale
$3,295,000
13029 13 AVENUE, surrey, British Columbia

13029 13 Avenue

Surrey, British Columbia

STRAIGHT OF GEORGIA SPECIAL! Charming 5 bedroom 4 bathroom home with spectacular views of Boundary Bay; Straigt of Georgia and Mount Baker from all 3 floors. Generous use of floor to ceiling windows maximize these breathtaking views and allow for a beautiful bright family home. Cozy up by one of the fireplace to enjoy a glass of wine in winters, have a relaxing time at the beach in summer or leisurely stroll the Pier. This house offers countless options any time of the year. Large kitchen with eating area and family room, separate formal living & dining room, Master suite, additional full bathroom, wok kitchen, laundry on main floor; 3 bedrooms and a full bath on top floor; one bedroom suite with kitchen and separate entrance on the bottom floor. 4 car garage & 6 driveway parking spots. (id:48205)

5 Bedroom 4 Bathroom 3469
For sale
$3,200,000
1603 KING GEORGE BOULEVARD, surrey, British Columbia

1603 King George Boulevard

Surrey, British Columbia

Attention all investors & developers! Take advantage of this incredible opportunity to acquire a development lot as part of the KING GEORGE HIGHWAY CORRIDOR PLAN. The potential for this property is massive, with the possibility of being rezoned to Multiple Residential. Its prime location provides easy access to HWY 99, the U.S. border, White Rock Beach & restaurants. Measurements provided by the realtor & are approx. Buyer/or buyer's agents to verify. With the right vision, this property could be a game-changer. The first two pictures are for illustration purposes only, but they offer a glimpse of the potential. Check with the City of Surrey for land use regulations. If you're ready to take the next step, call today for more details. (id:48205)

2 Bedroom 1 Bathroom 940
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
For sale Open House
$3,198,000
13387 13A AVENUE, surrey, British Columbia

13387 13a Avenue

Surrey, British Columbia

Pride of ownership Shines on this 3757' Rancher with basement sitting on a Sundrenched meticulously landscaped Ocean View bluff property! New Roof 2023! Bright open floor plan featuring oversized Nana Wall off the living room to the adjoining large deck perfect for Entertaining & enjoying the Ocean Views. Numerous upgrades, HVAC, 3/4 Oak flooring throughout, Updated lighting, Garden doors off Primary bdrm and Dining, Gourmet kitchen with Double wall oven. Bathrooms are a 10! 2 Ensuites on Main with Spa like finishings, infloor heat, towel warmers, simply stunning & a bonus main level workshop 21' x 11' with endless possibilities! Basement provides ample space for extended family or extra revenue, suite or home office. 8703' Lot at the end of Culdesac. TRULY A ONE OF A KIND PROPERTY! (id:48205)

4 Bedroom 5 Bathroom 3757
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
For sale
$3,188,800
13822 24 AVENUE, surrey, British Columbia

13822 24 Avenue

Surrey, British Columbia

This spectacular 5 bed, 5 bath, 4688 SF home on a 22912 SF lot has a perfect floorplan for a growing family. Impeccably maintained by the current owner and landscaped for easy maintenance. Vaulted Ceilings, Solarium, Huge Gamesroom, Pantry, Dumbwaiter, + a laundry chute from the upper floor to the laundry room are only some of the EXTRAS this Executive Home features! Radiant in floor heating with 9 zones on both floors-copper piping- & 1 gas & 1 wood burning fireplace. The back yard boasts almost 1300 SF of patio & decks with a large covered pergola & 2 gas hook ups for your BBQ & firepit. This home is a only a few minutes walk to Elgin Secondary & Chantrell Creek Elementary Schools + Central to beaches, parks, shopping & Restaurants! OPEN SAT 27 & SUN 28 FROM 2-4 (id:48205)

5 Bedroom 5 Bathroom 4688
For sale Open House
$3,180,000
14033 33B AVENUE, surrey, British Columbia

14033 33b Avenue

Surrey, British Columbia

Huge West exposure lot (13,852)at cul-de-sac in prestigious "Estates At Elgin Creek".Meticulously crafted by Providence Homes.Featuring Front yard water fountain;Hardwood floor, extensive details with crown moldings.Fabulous kitchen with dark maple cabinets;New stainless steel appliances, granite featured all thru plus a wok kitchen.Cross hall living/dining room.Total 5 beds,5 baths. Ceiling vaults in master.Fireplace in family room which has vaulted and beamed ceiling.Office overlooking beautiful manicured yard.Basement rental potential w/separate entrance.HUGE rec room in basement plus summer kitchen, media room, and one bedroom suite. Backyard swimming pool upgraded with ample garden area, covered BBQ/entertaining deck. Minutes from Freeway access. This is the home you were waiting for! (id:48205)

5 Bedroom 5 Bathroom 5185
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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