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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
$2,589,000
2106 INDIAN FORT DRIVE, surrey, British Columbia

2106 Indian Fort Drive

Surrey, British Columbia

Welcome to Indian Fort Drive. Step inside this spacious & meticulously, well maintained, custom built home, with partial Ocean Views, located in sought after Ocean Park, on a peaceful & tranquil cul-de-sac, walking distance to Crescent Beach, schools & shopping. This bright 4 Bed/5 Bath, has high quality finishing throughout w/lots natural light & features 3 Beds up, all w/ensuite, including 356 sq.ft Loft over Detached Dbl. Garage (4th Bed) w/3 pc. Bath. Main floor features 10 ft. coffered ceilings with gorgeous H/W floors, Gourmet Kitchen with lots cabinet storage, S/S Appls, Granite C/Tops & Island. Bright Family Room, with Gas F/P & french doors leading to patio & private fenced B/Yard, Great for entertaining. Watch Eagles & Sunsets from your porch! Open House May 20th 2-4::00 pm (id:48205)

3 Bedroom 5 Bathroom 3525
For sale Open House
$2,588,000
13966 26 AVENUE, surrey, British Columbia

13966 26 Avenue

Surrey, British Columbia

Rarely Available almost 3000sf Rancher in prestigious Peninsula Park! 1/4 acre private lot with only 1 neighbor. This quality custom home features open concept and main rooms facing south private backyard. Upgrades have been done thru years incl. DW/fridge 2023, boiler 2022, W/D 2019, playground 2020, paint/gate(2018), newer granite counter tops in the chef kitchen, commercial hood fan, gas cooktop, roof maintained w/ 10y warranty .Massive 700+sf double garage with lots of storage, workspace and easy access to the crawl space. Office can be easily converted to the 4th BR. Bonus: large enclosed solarium(upgraded in 2022) and outdoor patio(2018). Short walk to Chantrell Creek Elementary & Elgin Park Sec and close to hwy 99/golf course/shopping/beach and everything. Open House: SAT May 18th 2-4pm. (id:48205)

3 Bedroom 2 Bathroom 2955
For sale
$2,588,000
2910 145A STREET, surrey, British Columbia

2910 145a Street

Surrey, British Columbia

Welcome to Elgin Park. Great family home set on a fabulous 17,000+ sqft park like lot, backing on to a green space with complete privacy. Custom built 2,932 sq/ft 2 level home featuring 4 large bedrooms up including the primay retreat with large ensuite and walk in closet. Traditional main floor plan with grand formal living and dinning rooms, office/Den ,Updated kitchen with White cabinets and granite counters open to the family room, eating area all with great views of the yard. 5 minute walk away from SEMIAHMOO TRAIL elementary school !New roof in 2014, lots of parking. Truly a family home. (id:48205)

5 Bedroom 3 Bathroom 2932
For sale
$2,588,000
12629 25 AVENUE, surrey, British Columbia

12629 25 Avenue

Surrey, British Columbia

Vaulted and elegant home features a Large dream kitchen, walk in pantry and large Quartz island w/ seating. Stainless professional Jenn-Air appliance package, eating area looks out to back yard . Generous Main floor: 1,750 SF, Its a great room concept. 23 foot vaults, linear n/gas fireplace feature wall. Formal dining room and executive office on main floor at Foyer entry .The Patio 225 SF w/ glass arbor featuring remote privacy blinds. Year round useable. Home features Radiant in-floor heat + heat pump enjoy A/C comfort. Spacious Bedroom en-suited on main. Above 1,306 SF, 3 Generous bedrooms. Primary with large walk in Closet and spa en-suite. Laundry up* Convenient 4 foot crawl Heated & lit-full foot print of main floor, . Double garage with level parking in driveway/4 vehicles. Fenced, gated, landscaped yard. Great street appeal, front yard with artificial turf. Irrigation: front & back. Security system with cameras. Schools: Crescent Park Elementary & Elgin Secondary. One Owner home. (id:48205)

4 Bedroom 4 Bathroom 3056
For sale
$2,580,000
1662 146 STREET, surrey, British Columbia

1662 146 Street

Surrey, British Columbia

Elegant family home. Walking distance to Semiahmoo High school (IB program) and nearby elementary school, shopping, transit . 8895 sqft lot with 3048 sqft house . Custom-built Energy-Efficient house, open kitchen and wok Kitchen , quartz counters / gas cooking /large island. Huge 21'x15' main floor area with adjacent room easily converts to main-floor Master Bedroom with en-suite or self-contained Suite. Best quality materials incl: 3/4" solid hardwood floor, thermal vinyl windows with deluxe 2" shutters. Total 4 bedrooms, 4 bathroom. Huge double garage . RV parking . (id:48205)

4 Bedroom 4 Bathroom 3048
For sale
$2,580,000
2273 131A STREET, surrey, British Columbia

2273 131a Street

Surrey, British Columbia

Gorgeous and COMPLETELY RENOVATED Huntington Park family home with over 4,000sqft of luxurious living space. This beautifully situated property is located steps away from South Surrey's best schools and parks, Crescent Park Elementary and Elgin Park Secondary. Renovated inside and out by top-of-the-line trades, you walk into a grand foyer with a formal living and dining rooms for your entertaining needs. Great flow into the great room with a beautiful eat in kitchen and a family room with sunroom for year-round enjoyment. The upper level features 3 bedrooms and 3 bathrooms, along with a bonus self-contained LEGAL 2 BEDROOM SUITE. Meticulously landscaped 12,048sqft property offers ample privacy for outdoor living. Homes to this calibre and quality rarely come available! (id:48205)

5 Bedroom 5 Bathroom 4060
For sale
$2,549,000
13095 21A AVENUE, surrey, British Columbia

13095 21a Avenue

Surrey, British Columbia

Most private home in Huntington Park featuring 4 beds/3 baths nestled on a 1/2 acre GD park like setting. This solid, well loved home features an open kitchen, family room & eating area, perfect for entertaining. The main floor includes a spacious living & dining area with a stylish bar, ample sized office & bonus games room potentially used as a 5th bedroom. Generous sized laundry room finishes off the main floor. The upper floor offers a nicely appointed Primary Bedroom with an updated spa-like ensuite, while the three secondary bedrooms are generous in size. Relax & unwind in the serene backyard oasis with your favourite beverage. Experience nature at its finest in your very private setting! This home exudes ownership pride & is perfect for growing family in a great location! (id:48205)

4 Bedroom 3 Bathroom 3355
For sale
$2,520,000
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
For sale
$2,500,000
2320 153 STREET, surrey, British Columbia

2320 153 Street

Surrey, British Columbia

Being sold as part of a land assembly in the newly adopted Semiahmoo Town Centre, plan is attached in the documents tab. Currently in the plan for townhomes but we have 3rd reading across the street for 6 storey mixed use. (id:48205)

4 Bedroom 3 Bathroom 3920
For sale Open House
$2,499,000
1772 156A STREET, surrey, British Columbia

1772 156a Street

Surrey, British Columbia

Unbeatable Value Below Assessment! Welcome to your dream home in the heart of South Surrey/White Rock! This exquisite 3828 SF residence, nestled moments away from White Rock Beach, park, shops, and schools, seamlessly blends classic elegance with modern comforts. Step into the grand foyer, adorned with a chandelier, leading to a tranquil home office and spacious family room - perfect for gatherings. Indulge in culinary delights in the gourmet kitchen, complete with a wok kitchen and dining area. Featuring a legal 2-bedroom suite; 5 bedrooms, 4.5 bathrooms, ample parking, and luxurious finishes throughout, this home epitomizes modern luxury living. Primary bedroom retreat with a walk-in closet and lavish en-suite bathroom. Outside, the expansive driveway offers ample parking space. Whether hosting gatherings or enjoying leisurely strolls along the beach, this residence offers comfort, style, and convenience. Don't miss this rare opportunity to own a home below assessment value. Schedule your private tour today! (id:48205)

7 Bedroom 6 Bathroom 3828
For sale Open House
$2,499,000
2030 131B STREET, surrey, British Columbia

2030 131b Street

Surrey, British Columbia

Welcome to this lovely home, a rare find nestled on a 12,022 sqft. lot in one of the most sought after neighbourhoods in South Surrey. This well-maintained and renovated home boasts a delightful open plan featuring 4 bedrooms and a den (can be used as 5th bdrm). Bright open foyer with high ceilings and spiral stairs greets you at the entrance. The cozy living room with a fireplace, and formal dining room provide inviting spaces for gatherings. The bright kitchen with granite countertop, eating area and family room overlook the postcard-perfect, private sunny gardens. Upstairs are 4 well-sized bdrms incl. oversized primary bdrm with spa-inspired ensuite. Additional RV parking. Centrally located & short walk to Laronde Elementary, Elgin Secondary, Crescent Park, Ocean Park shops & more! (id:48205)

5 Bedroom 3 Bathroom 3009
For sale Open House
$2,498,000
14239 31 AVENUE, surrey, British Columbia

14239 31 Avenue

Surrey, British Columbia

Nestled in the prestigious Elgin area of South Surrey, this renowned residence spans over 12,000 sqft with a south-facing backyard, seamlessly connected to a serene forested creek. Rarely found, it boasts a double garage and a spacious single-level layout with an attached rental unit. The traditional floor plan encompasses formal living and dining areas, an open island kitchen, a family room, and a master bedroom with a walk-in closet. A unique solarium room adds an extra touch to this exceptional property, offering a perfect blend of elegance and functionality. Ground level one bedroom rental suite with separate entry would be a mortgage helper. (id:48205)

5 Bedroom 3 Bathroom 3234
For sale
$2,488,000
2882 141 STREET, surrey, British Columbia

2882 141 Street

Surrey, British Columbia

The Elgin Park Gated Estate presents a rare opportunity with its expansive 20,030 square foot lot backing onto a lush greenbelt and trails, providing a serene and private park-like setting. This traditional house has undergone substantial renovations, including new plumbing&electricity. The property boasts a spacious wrap-around porch and a gazebo. Inside, the main floor features a living room w/ a gas fireplace, the dining room w/floor heating, the open-concept kitchen seamlessly connects to the family room & den. There are two primary BDRMS, one on the main and one upstairs, plus two more spacious bedrooms upstairs, each with its own luxurious bathroom. The basement level features a large rec. room. Great opportunity to move in today & build in the future with a stunning mountain view. (id:48205)

4 Bedroom 5 Bathroom 4099
For sale
$2,420,000
2440 124B STREET, surrey, British Columbia

2440 124b Street

Surrey, British Columbia

Meticulously maintained, custom built executive family home in Crescent Heights! Located on a quiet street just a few minutes walk to Crescent Beach and just down the road from Elgin Park Secondary, this is the ideal family home. You are greeted in the grand foyer with vaulted ceilings and a formal living and dining area. The great room features a spacious gourmet kitchen and family room that spills out onto a cozy, 1300 square foot private outdoor living space that is perfect for evenings of entertaining. Office on main, and 4 bedrooms upstairs. The fabulous basement features a media room, 2 bedrooms, bath and separate entry with roughed-in kitchen for suite potential. A must see. Book your private viewing today! (id:48205)

6 Bedroom 4 Bathroom 3774
For sale
$2,399,000
3099 MCBRIDE AVENUE, surrey, British Columbia

3099 Mcbride Avenue

Surrey, British Columbia

WELCOME TO CRESCENT BEACH! This STUNNING MID-CENTURY MODERN home offers a seamless blend of classic design with contemporary updates, creating a space that is both timeless and chic. Situated in a picturesque location, the property boasts STUNNING VIEWS OF THE OCEAN, MOUNTAINS, AND PARK. Step inside to discover an interior that has been METICULOUSLY RENOVATED to meet the demands of modern living while honouring the home's architectural heritage. Layout features clean lines and an abundance of natural light, creating an inviting atmosphere that is perfect for both relaxation and entertaining. With its PRIME LOCATION and EXPANSIVE VIEWS, this mid-century modern is perfect for WATERFRONT VIEWS WITHOUT THE WATERFRONT PRICE TAG! Exceptional opportunity to own in a sought after neighbourhood! (id:48205)

3 Bedroom 2 Bathroom 2693
For sale
$2,399,000
14120 30 AVENUE, surrey, British Columbia

14120 30 Avenue

Surrey, British Columbia

Call your realtor today and discover the charm of Elgin Park in this thoughtfully designed 4,100+ SF home, featuring 5 Bedrooms, 4 Bathrooms, a solarium/games room, a massive recreation room with 3 pc bathroom/laundry room and adjacent flex-room ideal for a live-in caregiver. The Principal Bedroom offers a two sided fireplace, gigantic walk-in closet and ensuite with a jacuzzi, separate shower, double sinks and it's own balcony. Enjoy the heart of the home boasting granite countertops and a large island with gas cooktop, exhaust and sink, while the formal living areas open to a covered deck and a private yard backing onto a greenbelt for ultimate privacy. Plush carpet, hardwood floors and a three-car garage tucked away on a quiet cul-de-sac make your perfect family home. (id:48205)

5 Bedroom 4 Bathroom 4104
For sale Open House
$2,395,000
13896 19A AVENUE, surrey, British Columbia

13896 19a Avenue

Surrey, British Columbia

This pristine 3 bed, 2 bath rancher in Bell Park has picturesque street appeal. This is an executive neighbourhood of leafy tree-lined streets and beautiful homes. The perfectly manicured 12066 sqft south facing yard backs onto parkland. Interior features a newer gas cooktop, built-in oven, hardwood flooring, wet bar in family room and a spacious Primary bedroom. The living room has an over height ceiling. A partially covered patio has a gas hookup for the BBQ and skylite to enjoy the serenity of this backyard all seasons. An extra long, wide driveway will accommodate a 40' RV. Central location close to beaches, shopping and trails. The ideal home for downsizing without sacrificing quality or location. Wheelchair friendly. Open House Sunday May 19,2-4pm (id:48205)

3 Bedroom 2 Bathroom 1809
For sale Open House
$2,388,000
15322 29A AVENUE, surrey, British Columbia

15322 29a Avenue

Surrey, British Columbia

Welcome to this impressive 4010 sqft residence boasting 6 bedrooms (4 ensuited bedrooms on the upper level) and 5 baths providing superior space for comfortable family living. Step into the heart of the home and find the kitchen is a true culinary haven. Adorned with granite countertops and professional appliances, it seamlessly blends style with function. The large living and dining rooms are ideal for entertaining large groups and the kids will love the media room downstairs. The authorized suite adds an extra layer of functionality making it ideal for extended family members, guests, or rental income. Relax in the south-facing sunny backyard, creating an outdoor space bathed in natural light. Explore the possibilities of this property and envision a lifestyle where every detail enhances the joy of home. (id:48205)

6 Bedroom 5 Bathroom 4010
For sale
$2,386,000
1922 136 STREET, surrey, British Columbia

1922 136 Street

Surrey, British Columbia

This stunning Bell Park home is situated on a private 14,300sq Lot with 98 Feet of Frontage. One of the most gorgeous flat backyard in Ocean Park offers the best PRIVACY. Main floor boasts beautiful foyer with vintage chandelier and vaulted ceiling, a formal living and dining room, bedroom (that could easily serve as a home office), full bath, and an updated kitchen leading to a spacious great room. Upstairs features 4 bedrooms&3 bathrooms. Master has a spa-like ensuite, walk-in closet and its own private balcony over looking the park-like backyard. Updated thru out the years to perfect its layout and functionality. With trees and flowers blooming in every season and dozens kinds of fruits&vege, this home has so much to offer to its new owner. (id:48205)

5 Bedroom 4 Bathroom 2755
For sale Open House
$2,375,000
15316 29A AVENUE, surrey, British Columbia

15316 29a Avenue

Surrey, British Columbia

Welcome to your dream abode! This meticulously maintained 6-bedroom, 5-bathroom haven sprawls across 4015 square feet, embodying luxury and comfort. Nestled in a prime location, it boasts convenience with shopping and banking within walking distance. Bathed in sunlight, its south-facing backyard beckons for leisurely afternoons by the sparkling swimming pool. Step inside to discover a harmonious blend of elegance and functionality. And to top it off, a spacious two-bedroom suite offers versatility and additional space for guests or rental income. Your oasis awaits, where every detail exudes excellence. (id:48205)

6 Bedroom 5 Bathroom 4015
For sale
$2,349,900
2796 BAYVIEW STREET, surrey, British Columbia

2796 Bayview Street

Surrey, British Columbia

Spectacular Crescent Beach Oasis! From the moment you drive up the HEATED driveway, you are met by this beautiful architectural masterpiece that is bordered by lush greenery. As you enter this natural light filled home, beautiful glass windows showcase the westward views to the ocean and North Shore mountains. This custom built home, with many recent updates could be featured in Architectural Digest!, with exposed beams, open space, skylights, three industrial fans and a sunken master bedroom. Get your exercise in the jetted swim spa situated in the extremely private back garden patio, or enjoy the endless sunsets with your family dining al fresco on the front sundeck. A short two minute walk to the restaurants and shoreline of Crescent Beach. OPEN HOUSE Sunday March 10th, 2-4pm. (id:48205)

4 Bedroom 3 Bathroom 2477
For sale Open House
$2,300,000
3117 147 STREET, surrey, British Columbia

3117 147 Street

Surrey, British Columbia

Discover your dream family home in Heritage Trails! This 4-bedroom, 3.5-bathroom residence offers comfort and modern amenities with serene pond views. The main floor features an inviting, open living area with large windows and a bright, airy ambiance. The updated kitchen boasts custom cabinets, granite countertops, and high-end Miele and Bosch appliances. Four spacious bedrooms include a primary suite with a spa-like en-suite bathroom. An unauthorized 2-bedroom suite on the lower level provides flexible space for extended family or rental income. Enjoy the outdoor patio with a hot tub overlooking the pond. This well-maintained home is in excellent condition and is situated in a prime location with easy access to parks, schools, and ame. The home has a heat pump with A/C. Book your showing (id:48205)

6 Bedroom 4 Bathroom 3992
For sale
$2,299,000
3380 140 STREET, surrey, British Columbia

3380 140 Street

Surrey, British Columbia

First time on the market in over 60 years. This over 24,000 sqft (0.55 acres) lot has 147 feet of frontage. Incredible opportunity to build your dream home in Elgin siding Elgin Estates Park. Fully useable and featuring mature landscaping. All services available at the lot. Older 2 bedroom and 1 bathroom rancher is livable and could be rented out while you design your home. Close to amenities and many other beautiful estate homes nearby. A rare opportunity in a fantastic neighborhood. (id:48205)

2 Bedroom 1 Bathroom 1030
For sale Open House
$2,298,000
2096 128A STREET, surrey, British Columbia

2096 128a Street

Surrey, British Columbia

Nestled in Ocean Park, the 4686 sq ft "Rosewood" residence exudes elegance. Crafted in the "Genex" style, it features a chef's kitchen, 18-ft arched family room, and a spacious office. Hardwood floors and California shutters accentuate the open design. The primary bedroom boasts a vaulted ceiling, spa-like ensuite bath, and walk-in closet. Three more bedrooms, plus a full bath, offer ample space. The fully renovation basement includes bedroom, media room, gym, and bar. Enjoy the fenced backyard oasis or walk to Crescent Beach, shops, and schools. Luxury and convenience converge in this exquisite home. School catchment: Elgin Secondary & Ocean Cliff Elementary. (id:48205)

7 Bedroom 4 Bathroom 4592
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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