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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 Open House
$2,999,999
13371 21A AVENUE, surrey, British Columbia

13371 21a Avenue

Surrey, British Columbia

Welcome to this elegant mansion in the heart of Elgin Chantrell! With over $300k in freshly completed renovations, do not miss the chance to buy this stunning home. High ceilings, solid oak floors, fine finishings, an outdoor pool in a private setting, this home boasts over 4700sqft of living space. This home offers 6 bedrooms, 6 bathrooms, a spacious kitchen with marble countertops, a cross-hall living area perfect for entertaining guests, a theatre room, and so much more. Outside, you can enjoy your own outdoor pool in a private setting. Tastefully designed and engineered, come view this home today to appreciate its beauty. OPEN HOUSE SAT/SUN JUNE 15/16 2:00-4:00PM (id:48205)

6 Bedroom 6 Bathroom 4733 sqft
For sale
$2,999,000
2555 138A STREET, surrey, British Columbia

2555 138a Street

Surrey, British Columbia

Discover this STUNNING COSTOM BUILT RANCHER with FULL WALK OUT BASEMENT by renowned RODELL HOMES, offering 5050 sqft of exquisite living space on a sundrenched 13992 sqft lot. This solid built residence features 5 spacious bedrooms, including a grand primary bedroom, 4 beautifully appointed bathrooms, and a gourmet kitchen with top-of-the-line appliances opening to a fabulous family room. The grand living and dining areas are perfect for entertaining, while the walk out lower level boasts a games room, bar area and additional bedrooms. Enjoy the meticulously landscaped private backyard, ideal for outdoor relaxation. Located in Peninsula Park this home combines superb quality, elegance, comfort, and a convenient short walk to schools. Truly a rare find! Open House Sunday June 2, 2-4pm. (id:48205)

5 Bedroom 4 Bathroom 5050 sqft
For sale Open House
$2,990,000
14436 17 AVENUE, surrey, British Columbia

14436 17 Avenue

Surrey, British Columbia

**New home in Semiahmoo. BRAND NEW 5 bedroom + 5.5 bathroom residences 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 living room, dining area, family rooms, spacious kitchen with high-end appliances, a wok-kitchen, an office, PLUS one master ensuite on main 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
$2,985,000
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! (id:48205)

5 Bedroom 5 Bathroom 4688 sqft
For sale
$2,980,000
15802 COLLINGWOOD CRESCENT, surrey, British Columbia

15802 Collingwood Crescent

Surrey, British Columbia

"The Palmer" Welcome to a home of TIMELESS ELEGANCE. Featured as a previous show room on the Street of Dreams. It only be described as Shaughnessy meets south Surrey. Meticulously kept like the original show home with the grand hall foyer, high post and beam ceilings, high end kitchen, large master suite with claw foot tub, air conditioning, shutters and Kohler throughout. Tile selections, finishing represents old world elegance. Basement is fully developed with wine room, gym and family sized laundry area. For Dad there is a putting green and Golf cart garage. Great opportunity, a home to be proud of. (id:48205)

4 Bedroom 5 Bathroom 4894 sqft
For sale
$2,980,000
13575 BALSAM CRESCENT, surrey, British Columbia

13575 Balsam Crescent

Surrey, British Columbia

Gorgeous, sprawling acreage full of potential in the heart of Elgin Chantrell. Exquisitely large and private lot measuring 43,409 sq ft with a well maintained 3,345 sq ft home set back far from the road, this property offers boundless potential. 6 bedrooms offer room for the whole family, while the super private yard, manicured lawn and shrub-lined garden are sure to impress guests. Plus, a 2 bedroom suite downstairs is registered with the City of Surrey for rental income. Live in as is, rent out, hold and invest, or re-develop into a multi-family home! The choice is yours. (id:48205)

6 Bedroom 3 Bathroom 3345 sqft
For sale
$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
For sale
$2,899,000
12676 25 AVENUE, surrey, British Columbia

12676 25 Avenue

Surrey, British Columbia

Ocean Park living with this brand new, modern home. Beautiful chef's kitchen with large island, high-end Thermador appliances, 6-burner range & double convection ovens. The wok kitchen/walk-in pantry has SMEG appliances doubling your dishwasher, fridge & oven. The open living area has a cozy gas fireplace while the large sliding doors take you to the private, south-facing patio with natural gas lines for BBQ & fire pit. Enjoy the theater room w/ wet bar & extra primary room on the main floor. Bonus second living room upstairs with a dream primary room which has large walk-in closet with island, soaker tub & stand up shower. Equipped with A/C for comfort and metal fencing for long term durability and low maintenance. Double garage is EV ready plus parking for 6 cars in the driveway. (id:48205)

5 Bedroom 6 Bathroom 4456 sqft
For sale Open House
$2,899,000
12740 25A AVENUE, surrey, British Columbia

12740 25a Avenue

Surrey, British Columbia

AMAZING CUSTOM BUILT EXECUTIVE DREAM HOME in prestigious Crescent Heights. 4,789 sqft of SUPERIOR QUALITY & craftsmanship throughout featuring 5 bed,5 bath,500 sqft double garage.Imagine entertaining by bringing indoor & outdoor space together through the 18' Nana wall into private southfacing garden w/outdoor built in BBQ/kitchen,Beachcomber hot tub.Sensational chef's kitchen w/custom cabinetry,Caesarstone counters,Subzero,Wolf appliances,10' coffered ceilings,Roman power blinds.Large primary bed w/ensuite, jetted tub, heated floor, walk in closet.California blinds on all floors.Downstairs has HUGE theatre room, plus 2 bed basement/inlaw suite.This home is situated on a beautiful landscaped property 10 min walk to Crescent Beach and mins to all levels of schooling.OH June 15&16 1-4 p.m. (id:48205)

5 Bedroom 5 Bathroom 4789 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
For sale Open House
$2,890,000
2091 140 STREET, surrey, British Columbia

2091 140 Street

Surrey, British Columbia

Luxury living at ELGIN PARK, Stunning gated residence with a blend of style, luxury and quality European Craftsmanship, EXTENSIVELY remodeled home with a stunning SPA HOUSE FEATURING: SWIM SPA, HOT TUB, SAUNA, WET BAR AND WASHROOM. Extra wide lot with triple garage. 4 Bed + 4 bath. Primary bed/closet. Individual heating control in each room. Hardwood floors throughout, electric blinds, built-in vacuum. Main floor features Modern open concept living and dining with separate executive office. Great chefs kitchen with SS appliances, pantry, lots of storage, mud room and laundry room. Large covered deck for year round use over fire pit. Separate parking for RV/BOAT. OPEN HOUSE JUNE 15 SATURDAY 2-4PM. (id:48205)

4 Bedroom 5 Bathroom 3771 sqft
For sale
$2,889,000
2700 127 STREET, surrey, British Columbia

2700 127 Street

Surrey, British Columbia

Refined modern living in Ocean Park! This stunning custom-built home checks all of the boxes, with countless luxury features. Watch the eagles fly above Crescent Park from your covered, heated backyard patio, complete with a built-in BBQ, pizza oven and outdoor fireplace. Step inside to a unique and highly functional floor plan, full of natural light, with extra high ceilings and open, yet defined living spaces. High quality finishes run throughout the home, such as 9-ft solid wood doors, engineered hardwood floors, Navien hot water on demand, built-in vacuum, walk-in pantry, Wolf stove and new Bosch dishwasher in your gourmet kitchen. LeafFilter guards have recently been installed on all gutters and the interior of the house fully repainted. (id:48205)

4 Bedroom 4 Bathroom 3012 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
$2,875,000
13345 AMBLE WOOD DRIVE, surrey, British Columbia

13345 Amble Wood Drive

Surrey, British Columbia

Without a doubt, this is one of South Surrey's most beautiful homes! Full of charm and character, this custom 1990's rebuilt house evokes a heritage house on Vancouver's Westside! French doors, California shutters, great room with amazing, vaulted ceilings with beams. Hardwood floors throughout. French country kitchen featuring an open beam ceiling, solid wood cabinets, 6 burner gas range and a large custom-built island. The upper floor bedrooms all feature vaulted ceilings and have French doors onto Juliet balconies. Sunny backyard with gorgeous English country gardens. All of this on a 10,278 lot in Amble Greene, one of Ocean Parks best neighbourhoods, full of mature trees and boulevards lined with flowering cherry trees every spring! (id:48205)

4 Bedroom 5 Bathroom 4145 sqft
For sale
$2,849,999
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
$2,849,888
15450 27A AVENUE, surrey, British Columbia

15450 27a Avenue

Surrey, British Columbia

Very well built & designed by renowned designer Sarah Gallop this 3Level house is located in one of the most desired areas of South Surrey. Spacious house with a functional layout appointed with large windows & big patio folding doors providing easy access to the patio from the family room facilitating large get togethers. Main floor has a big living room, formal dining room, family room, main kitchen, wok kitchen, powder room & a master bedroom with ensuite bathroom. Upstairs comprises of 5Bedrooms (1master+4bdrms), laundry room & a den. All bedrooms have walk in closets & ensuite bathrooms. Both the master bedrooms have steam showers. The bsmt boasts of recreation room with wet bar, sauna with full bathroom & 2suites (2bdrm & 1bdrm) with separate laundry. (id:48205)

8 Bedroom 10 Bathroom 5821 sqft
For sale
$2,799,000
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, 4,376 sqft 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: Chantrell Creek & Elgin Park. (id:48205)

5 Bedroom 5 Bathroom 4376
For sale
$2,798,000
12368 21A AVENUE, surrey, British Columbia

12368 21a Avenue

Surrey, British Columbia

Optimal location in Ocean Park. Large lot on quiet cul-de-sac, West of prestige Ocean Park Road. Craftsman designed home on 3 levels 5,236 sf, 9' ceilings, transom glass above entry doors, wide grand staircase & oak hardwd floors. Main floor, executive office, formal dining & living rm. 2 gas fp's. Great room concept w/chef's kitchen, ample granite surfaces, dble wall ovens, wolf nat gas range + walk-in pantry. Access to S/W wrap veranda covered, S/West patio, gardens, hot tub, fire-pit & fully fenced. Above: 9 ft ceilings, grand 528 SF all radiant heated floors. Separate entry, media lounge & wet bar + 2-3 more bdrms. Schools: Ocean Cliff & Elgin Park. Easy to walk to beach, O.P. Village. (id:48205)

5 Bedroom 4 Bathroom 5236 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
For sale
$2,760,000
13736 CRESCENT ROAD, surrey, British Columbia

13736 Crescent Road

Surrey, British Columbia

Immaculately maintained 5 bedroom executive house offers 3900+ sf living space ,on a 0.61 acre flat lot in the prestigious Elgin Chantrell Neighborhood. This house has been extensively updated over the past years ,including newer windows,roof , bathrooms, flooring , interior paint ,and a brand new back fence. Functional layout features a gourmet kitchen ,a large bedroom and an oversized office on the main floor, and a master suite with 3 more bedrooms upstairs.South facing backyard offers tons of natural lights and park-like view. Gated front yard comes with a long driveway for 6+ cars. Nearby top-rated schools, parks, trails, and golf courses offer convenience. With new zoning regulations introduced by the city, this property presents unparalleled value for both families and investors. (id:48205)

5 Bedroom 3 Bathroom 3912 sqft
For sale
$2,750,000
2240 153 STREET, surrey, British Columbia

2240 153 Street

Surrey, British Columbia

Builder, Developer, Investor ALERT! Rare 100 x 132 big lot in Semiahmoo Town Center Plan area. Central located, walking distance to prestigious private school, public school, shopping, dining, clinic, and major transit routes; short drive to Community Centre, Library. New condo developments close-by; sub-divided new built in the back; duplexes across the street. House is in very good condition, with 1-bed suite as mortgage helper. Great opportunity for subdivision or development. (id:48205)

4 Bedroom 2 Bathroom 2350 sqft
For sale
$2,750,000
2089 134 STREET, surrey, British Columbia

2089 134 Street

Surrey, British Columbia

Situated in the heart of South Surrey's most coveted community of Elgin Chantrell. This a rare opportunity to own this well-designed "East meets West" masterpiece: a complete "Zen" garden and a custom-built Japanese tea house to meditate; fusion with a Western open-style modern Gourmet Kitchen that comes with a Huge island to excel your culinary art. This 7-bedroom home is embraced by bamboo and Dwarf Japanese pine trees making one collaborate with nature. Locate next to Bridalwood Park and Dogwood Park perfect for morning strolling and off-leash your canine buddies. Pictures and video could never do justice to its beauty and peace, come in person to experience. (id:48205)

8 Bedroom 4 Bathroom 5818
For sale
$2,699,000
2411 125 STREET, surrey, British Columbia

2411 125 Street

Surrey, British Columbia

Welcome to your dream home in desirable CRESCENT HEIGHTS! Built by Treeline Construction, this gorgeous 2 Storey plus basement Craftsman Style, has quality finishing throughout. Features 5 Bedrooms plus huge (437 sqft) Loft with 3 pce. Bath above the detached garage, perfect for an office or guests. Open bright kitchen with high end s/s appliances and Butler's Pantry. South facing, beautifully landscaped fenced yard with gas fireplace. The fully finished Basement with separate entry has a Games Room, Media Room, Gym, Bedroom and full bath. Situated in a quiet cul-de-sac, walking distance to Crescent Beach. School catchment: Crescent Park Elementary & Elgin Park Secondary. (id:48205)

5 Bedroom 5 Bathroom 4300 sqft
For sale
$2,699,000
14312 29A AVENUE, surrey, British Columbia

14312 29a Avenue

Surrey, British Columbia

Elgin Park, South Surrey's finest & most desirable neighbourhoods. Located on a quiet cul-de-sac with a private , south exposed yard. Renovated family home with new exterior painting, TUSCAN-STYLE KITCHEN ,feature high end Miele , Wolf , Fisher & Paykel appliances, built-in coffee station & food steamer,wok kitchen. Real Oak hardwood floor . Total 5 bdrms + 4 bathrms. High ceiling in the form living room , traditional floor plan . Basement fully finished media room . 3 car garage . Roof 2010 . (id:48205)

5 Bedroom 4 Bathroom 5133 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