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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
$3,600,000
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
For sale
$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
$3,580,000
13906 21A AVENUE, surrey, British Columbia

13906 21a Avenue

Surrey, British Columbia

Welcome to prestigious Chantrell Park Estates! This spectacular custom built house features 7298 sqft of luxury living on a 15072 sqft lot, it has a perfect floorplan for a growing family. Impeccably maintained by the current owner and Invincible landscaped for easy maintenance , Solid luxury through out this superb 2 level plus fully finished bsmt home in a quiet double cul-de-sac. A lavish bedroom on the main, the Chef's kitchen with beautiful wood cabinetry & a spacious Wok kitchen! Radiant in floor heat includes garage, extensive drywall detailing. Lower level features home theatre, hobby room, indoor hot tub and sauna area. Recreation room with wet bar, Outside you will enjoy the modern waterfall pool, park-like setting, Triple car garage, RV Parking & more! Book your private showing! (id:48205)

7 Bedroom 6 Bathroom 7298 sqft
For sale
$3,550,000
12532 23 AVENUE, surrey, British Columbia

12532 23 Avenue

Surrey, British Columbia

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

7 Bedroom 4 Bathroom 5517 sqft
For sale
$3,499,990
2844 O'HARA LANE, surrey, British Columbia

2844 O'hara Lane

Surrey, British Columbia

Rare opportunity to explore the potential of this remarkable waterfront property on Crescent Beach. Offering expansive views of the ocean, mountains and sunsets, this property is ready for development or renovation and promises endless opportunities. Spanning 50 ft x120 ft of waterfront land, this property is ideal for constructing a custom home or open to your remodeling ideas. Crescent Beach's tranquil atmosphere provides a backdrop for relaxed coastal living. Enjoy access to the beach, nearby marina and amenities, including shops and restaurants. Seize the opportunity to create your dream waterfront retreat. Inquire today to learn more about this prime Crescent Beach property. (id:48205)

4 Bedroom 3 Bathroom 3036 sqft
For sale
$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 sqft
For sale
$3,488,000
13478 WOODCREST DRIVE, surrey, British Columbia

13478 Woodcrest Drive

Surrey, British Columbia

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

5 Bedroom 4 Bathroom 4416 sqft
For sale
$3,468,000
13390 22A AVENUE, surrey, British Columbia

13390 22a Avenue

Surrey, British Columbia

Discover a trophy property in Elgin Chantrell's desirable Bridlewood neighbourhood! This 13,000+ sqft park-like oasis is nestled among South Surrey's finest homes. Designed as a family estate, it features an impressive foyer, formal living and dining rooms, a gourmet kitchen with an adjoining eating area, an office, and a spacious family room. Enjoy an unparalleled indoor-outdoor lifestyle with walk-out access to a south-facing outdoor pool, hot tub, basketball court, BBQ kitchen, and more! The upper level includes 4 bedrooms and 3 full bathrooms, while the lower level boasts a private gym, sauna, steam room, indoor hot tub, and 3 additional bedrooms. Walk to Elgin Park Secondary and Chantrell Creek Elementary. (id:48205)

7 Bedroom 6 Bathroom 5776 sqft
For sale
$3,438,000
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
$3,389,000
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 sqft
For sale
$3,388,800
1611 134 STREET, surrey, British Columbia

1611 134 Street

Surrey, British Columbia

Excellent opportunity to own this spectacular new residence loaded with features by an experienced builder in a prime location. This 6-bedroom, 6-bathroom masterpiece measures 4700 sq.ft. and sits on a massive 10280 sqft. lot. It is loaded with exceptional features and finishes. The bright and modern layout spans 2 levels and comes complete with landscaping featuring wood pergola and a fire pit. Features include Jen Air appliances in the main kitchen, a Kitchen Aid gas range in the wok kitchen, wide plank engineered hardwood, radiant heat with HRV, 5-ton AC, partial automation, 10 ft ceilings on the main floor, massive great room on top floor, and huge theatre/recreation room. 2-5-10 warranty. Ray Shepherd and Elgin Chantral school catchments. (id:48205)

6 Bedroom 6 Bathroom 4550 sqft
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
$3,326,000
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
$3,290,000
13918 20A AVENUE, surrey, British Columbia

13918 20a Avenue

Surrey, British Columbia

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

7 Bedroom 5 Bathroom 6267 sqft
For sale
$3,288,000
13422 20A AVENUE, surrey, British Columbia

13422 20a Avenue

Surrey, British Columbia

Executive custom-built home in desirable South Surrey! Over 5000sqft of gracious living on 2 levels. Generous-sized rooms throughout offer multiple living & entertaining options. The main floor has a large kitchen, dining room, private living room, family room, games room & a den that can easily serve as an additional bedroom. The upper level has a spacious primary bedroom & ensuite with a large soaker tub, separate shower, large walk-in closet & a private balcony. 3 more bedrooms complete this level, 1 with 2 walk-in closets & 2 with a Jack & Jill bath. Lovely private yard on a quiet cds, triple car garage & enough driveway space for another 10+ or RV Parking. The backyard is perfect for entertaining with a pool & hot tub. All of this backs onto Dogwood park for privacy all year round. (id:48205)

5 Bedroom 5 Bathroom 5211 sqft
For sale
$3,250,000
1631 134 STREET, surrey, British Columbia

1631 134 Street

Surrey, British Columbia

Estate living by the Ocean! Spectacular Quarter acre, Cul-de-Sac Lot on a Greenbelt! Enjoy timeless classic features like Grand peaks with Brick & Stucco exterior, Drive through driveway with wrap around, gated, access to rear detached Triple garage, Large lavish Gardens and composite deck with Hot Tub, and the privacy of your own groomed trees plus a greenbelt. Solid strip Oak floors & Cabinetry, Updated B/I Bosch Appliances plus French Doors to rear patio. Formal entrance Foyer, Office, and Living/Dining Room. Updated Furnace, A/C, Thermal windows & Fiberglass roof. Travertine Tile in main floor bath and exquisite soaker tub plus all extras in Primary Ensuite. Games room upstairs could be fourth bedroom if needed. Walking distance to schools, parks, recreation, and White Rock Boardwalk! (id:48205)

3 Bedroom 2 Bathroom 3115
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
$3,198,000
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 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
For sale
$3,195,000
3090 139 STREET, surrey, British Columbia

3090 139 Street

Surrey, British Columbia

Rarely Available Acreage in Elgin's Most Desirable Locations. A flat acre situated on a beautiful street surrounded by luxurious estates! Private backyard and a beautifully rectangular lot. Rent out while you create plans to build your dream home in one of the best neighbourhoods in South Surrey! (id:48205)

4 Bedroom 3 Bathroom 2770 sqft
For sale
$3,190,000
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
$3,188,000
13553 25 AVENUE, surrey, British Columbia

13553 25 Avenue

Surrey, British Columbia

Prime Chantrell Property!Best location.Absolutely fabulous private and quiet 33280 sqft cul-de-sac lot backing onto lush permanent green space.Custom built very solid construction is in good shape, 3 bedroom and den, over 2500 sq ft, California-style rancher with vaulted ceilings,separate bedroom wing, and oversized double garage. Private location with very short distance to Chantrell Elementary and Elgin High School. Convenient shopping in Ocean Park is just minutes away. Great neighborhood with multi-million mansions area.Great chance to build your dream home in one of the best neighbourhoods in South Surrey! Book your private showing now to check it out! (id:48205)

3 Bedroom 3 Bathroom 2570 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