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

South Surrey Homes for Sale

South Surrey BC real estate in places like Morgan Creek, Crescent Beach, Elgin Chantrell, Hazelmere, and the King George corridor have a lot to offer home buyers. For many, South Surrey is considered to be the upper class or high-end community of Surrey, British Columbia. Here you can find plenty of new South Surrey townhouses for sale and condos for sale, as there are lots of new development and growth in the area. South Surrey is also known for that fact that it receives about 52 more days of sunshine a year in comparison to other upper class real estate areas in the Greater Vancouver and Lower Mainland areas. Contact our Sutton Realty agent Natasha Taylor of the Taylor Team at 1-778-316-4290 if you have any questions about condos, townhomes, and detached homes for sale in South Surrey BC.

392 results | Page 5 of 17
12 24 48
Search/Filter Properties


LOADING

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
For sale
$2,690,000
13096 24 AVENUE, surrey, British Columbia

13096 24 Avenue

Surrey, British Columbia

Exceptionally built quality home owned by the builder in desirable Elgin Chantrell in South Surrey & this beautiful family home is close distance to both schools & parks. This home features a bedroom and full bathroom on the main & every bedroom has an elegantly appointed ensuite. Both spice & main kitchen are appointed with high end Miele appliances, Blanco sinks, Pacific Rim cabinets, Anderson windows and sliding doors throughout the home . All doors are solid wood and a soaring 8 feet in height on main floor. And bonus media room features 8 speakers for an elevated home cinema experience. Nothing is spared and this home is the definition of excellence in craftsmanship, TJI "I" Beam construction, and more. Desirable Crescent Park Elementary & Elgin Park Secondary school catchments. (id:48205)

5 Bedroom 6 Bathroom 3581 sqft
For sale
$2,688,000
13892 30 AVENUE, surrey, British Columbia

13892 30 Avenue

Surrey, British Columbia

Perfectly situated in the sought-after West Elgin neighborhood, this 3396 sqft executive home boasts solid construction and meticulous upkeep. The main floor features a generous master bedroom, while upstairs offers three additional large bedrooms in an open layout. The kitchen, family room, and eating area flow seamlessly, overlooking the private southwest-facing backyard. A new roof, replaced in 2022, adds to the home's durability. Enjoy the convenience of walking distance to Chantrell Creek Elementary, Elgin Park Secondary, as well as nearby parks and trails. This residence promises both comfort and prime location (id:48205)

4 Bedroom 3 Bathroom 3396 sqft
For sale
$2,688,000
12689 26A AVENUE, surrey, British Columbia

12689 26a Avenue

Surrey, British Columbia

Beautiful Crescent Heights family home! Exuding quality construction, this meticulously maintained home features 5 bedrooms and over 3,000sqft of living space. Main floor Great Room boasts 18' vaulted ceilings, open concept Living, Dining/Kitchen. Featuring timeless design, large centre island and access to covered outdoor sundeck for indoor/outdoor living. 3 beds upstairs including the Primary Suite with deck access and a spa-like ensuite! Great lower level family room, 2 guest beds and walk-out access to the private backyard. Situated on a picturesque, mature landscaped property. Double garage + additional separate single garage, EV Chargers and AC/Generator. Desirable Ocean Park location! Walk to Crescent Beach and Crescent Park/ Elgin Schools. You'll love this home! (id:48205)

5 Bedroom 3 Bathroom 3027
For sale
$2,680,000
1768 OCEAN PARK ROAD, surrey, British Columbia

1768 Ocean Park Road

Surrey, British Columbia

Spectacular ocean view how in desirable Ocean Park. Excellent layout offering ocean view from every living and bedroom. New carpet, new hardwood floor, new Fridge with screen connecting wifi and new toilets. Spacious finished crawl spaces as storages. Skylights in the kitchen and bathrooms bring lots of bright. Walking distance to Ocean Cliff Elementary and catchment of Elgin Park Secondary school. Close to beach and walking distance to Ocean Park Mall. (id:48205)

5 Bedroom 5 Bathroom 3925 sqft
For sale
$2,649,000
12747 14 AVENUE, surrey, British Columbia

12747 14 Avenue

Surrey, British Columbia

Walk to the Beach! Stunning 2 Storey + Basement home on one of the best streets in Ocean Park! Situated right across from Kwomais Point Park (enjoy panoramic ocean views & breath-taking sunsets) This well designed luxury home is ideal for family living & entertaining! Amazing great room open to a chefs kitchen with large island & high end appliances flowing to the open dining room, the main level also boasts an inviting foyer next to a home office/flex room + laundry/mud room. 3 generous sized bedrooms up, the primary suite is a true oasis, complete with a luxurious 5-piece ensuite & a dreamy super sized walk-in closet with makeup vanity! The basement features a deluxe 1 bedroom suite + an additional bedroom. Covered patio off the main level overlooking a manicured low maintenance yard. (id:48205)

5 Bedroom 4 Bathroom 3554 sqft
For sale
$2,599,999
16059 9A AVENUE, surrey, British Columbia

16059 9a Avenue

Surrey, British Columbia

Just a few blocks away from White Rock beach, very good area and ideal spot for family, this House is available and currently under construction and will be completed around summer time, buyer has chance to customize house. (id:48205)

6 Bedroom 6 Bathroom 4496
For sale
$2,598,000
13133 19A AVENUE, surrey, British Columbia

13133 19a Avenue

Surrey, British Columbia

Stunning custom-built residence by GENEX Homes, which has been beautifully renovated to perfection. Brand new roof! Spacious open-concept layout welcomes you with soaring high ceilings. The chef's kitchen has an abundance of sleek cabinets, stainless steel appliances, and a sprawling island that's ideal for both cooking and entertaining. Stunning oversized fireplace is a showpiece. Meticulously designed home in the sought-after Ocean Park neighbourhood also offers a luxurious oasis experience right in your own backyard. It features a serene saltwater pool & a relaxing hot tub, surrounded by mature landscaping that provides ultimate privacy. Private gym! The lower level of the home is an entertainer's dream, with home theater, games area and recreation room. Call realtor for full package. (id:48205)

4 Bedroom 5 Bathroom 4202 sqft
For sale
$2,592,000
2138 BOWLER DRIVE, surrey, British Columbia

2138 Bowler Drive

Surrey, British Columbia

Indulge in luxury living in South Surrey with this timeless 4800 SqFt Custom residence sitting on an expansive 12000 SqFt lot. With 7 beds and 6 baths, including a bonus 2-bedroom mtg helper suite, there's ample space for comfortable family living. Natural light floods every corner, accentuating the quality craftsmanship & open layouts. The main floor is an entertainer's dream, with seamless flow between living, dining, and family areas, plus a chef's kitchen & wok kitchen. Step outside to the covered patio and private yard, perfect for outdoor gatherings. Main floor bedroom/office with ensuite offers versatility. Upstairs an opulent primary bedroom w/ a spa-like ensuite, with 3 addt'l bedrooms and a loft/library. Centrally located for easy access to highways, schools, recreation,& more. (id:48205)

7 Bedroom 6 Bathroom 4747 sqft
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. Bonus: large enclosed solarium(upgraded in 2022) and outdoor patio(2018). Short walk to Chantrell Creek Elementary & Elgin Park Secondary and close to hwy 99/golf course/shopping/beach and everything. Open House: SUN Jun 16th 2-4pm. (id:48205)

4 Bedroom 2 Bathroom 2955 sqft
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 sqft
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 sqft
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 sqft
For sale
$2,500,000
2440 124B STREET, surrey, British Columbia

2440 124b Street

Surrey, British Columbia

Custom built home in the heart of Crescent Heights! Meticulously maintained, located on a quiet street 5 minutes' stroll from Crescent Beach, walking distance to Elgin Park Secondary and French Immersion Crescent Park elementary school! The ideal family home with 4 bedrooms up and 2 in the basement. The entry features grand foyer with 18' vaulted ceilings and a formal living and dining area. The great room has a spacious gourmet kitchen and family room that spills out onto the recently renovated, 1300-square foot private outdoor living space. An entertainer's dream, and the perfect no-maintenance yard! The fabulous basement also features a media room, recently renovated wine cellar and tasting nook, and separate entry with roughed-in kitchen for suite potential. A must see! (id:48205)

6 Bedroom 4 Bathroom 3774 sqft
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
$2,499,900
2055 134 STREET, surrey, British Columbia

2055 134 Street

Surrey, British Columbia

Beautiful Bridlewood Estates, where winding streets, exceptional homes, majestic evergreens, parks & trailways all contribute to the best of West Coast living! This remarkable residence strikes a wonderful balance of elegance & thoughtful functionality with 4 bdrms, 3 full baths, gamesroom & main floor den/bedroom, only steps to a full bath (perfect for guests or nanny). The open concept kitchen/familyroom area is the hub of the home & offers central dining, newer cabinets, appliances & granite counters. Walk out to a lovely screened-in 'Florida' room & a covered hot tub area, overlooking a private patio, yard and a fun veggie garden & potting shed - all fenced & hedged! Well maintained home features 50-year roof (2015), heat pump for A/C, new, high efficiency furnace, built-in vac, U/G sprinkler system, 3-car garage (1 tandem bay) and a 13,784 sq. ft. level lot. Superb location with the best schools, walking trails, dog park, Crescent Beach & White Rock all close by. A lovingly kept home & a treat to view! (id:48205)

4 Bedroom 3 Bathroom 3534 sqft
For sale
$2,499,000
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 Sat. June 8th 2-4:00 PM (id:48205)

3 Bedroom 5 Bathroom 3525 sqft
For sale
$2,499,000
14149 16 AVENUE, surrey, British Columbia

14149 16 Avenue

Surrey, British Columbia

Ocean Bluff home sits high above the street with full ocean view from main and upper levels. Front yard privacy hedge and gate. Back lane access, to double garage and level entry 2 bed, legal suite tenanted month to month. 5,433 SQFT Main floor 10 ft. ceilings, formal living, cross hall dining, great room, gourmet plus wok kitchen, office, plus ensuite bdrm. Upper level 3 bedrooms, plus 4th bedroom/ocean view flex room. Basement includes games/media room, full plumbed bar/walk-in wine room & guest bedroom and full bathroom. Hardy board siding, concrete between floors, video security, air conditioning. 6148 SQFT. lot, sunny covered back deck. Close to South Surrey Athletic park, and walking distance to the beach, SEMIAHMOO SECONDARY AND BAYRIDGE ELEMENTARY SCHOOL CATCHMENT. Call Now!!!! (id:48205)

8 Bedroom 7 Bathroom 5433 sqft
For sale
$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 sqft
For sale
$2,498,000
2181 129TH STREET, surrey, British Columbia

2181 129th Street

Surrey, British Columbia

Impressive Ocean Park Terrace home w/a mortgage helper on a 1/2 acre GD south facing lot! This 4 bed 3 bath residence features a chef-like kitchen, freshly painted interiors & new SS appliances. Enjoy the spacious family room, living room, den, powder bath & laundry completing the main level. Upstairs, a oversized primary bedroom w/ ensuite awaits, three generous sized bedrooms & main bath. The property offers a 1200 sq ft 2-bedroom suite with laundry as well as Flex space perfect for a gym. Relax on the sprawling south-facing deck overlooking a private green space perfect for entertaining or enjoying your favorite beverage! Triple garage, RV parking, and proximity to great schools, shopping, walking trails make this home perfect for a growing family seeking comfort and versatility. (id:48205)

6 Bedroom 4 Bathroom 4116 sqft
For sale
$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 sqft
Your Favourites

 

No Favourites Found

 

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

The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

About The City of

South Surrey

South Surrey’s real estate market is currently a seller’s market with plenty of buyers eager to get into some of the city’s greatest neighborhoods. The residential combined benchmark price has increased by 55.5% for the South Surrey/White Rock market over the last 5 years. Detached houses in South Surrey/White Rock have seen the 5-year increase in benchmark price, at 34.5%.

Neighborhoods in

South Surrey

Our South Surrey real estate team, can help you locate South Surrey homes for sale in such esteemed neighborhoods such has Morgan Creek, Elgin Chantrell, Ocean Park, Crescent Beach, the King George Corridor, plus some of the newer areas of Grandview Corners and Pacific Douglas. With an unprecedented amount of residential and commercial growth, South Surrey BC real estate is more in demand than ever, especially with White Rock beach being just a couple minutes away.

map of clodverdale neighborhoods

Amenities in

South Surrey

What attracts families to South Surrey? South Surrey School catchments are some of the most elite in all of the Lower Mainland. There is plenty of public transportation in these areas that can even get you into downtown Vancouver via a comfy bus ride with upgraded cloth seating. The freeway is located just a 3-minute drive from most South Surrey condos for sale and you can get to either Downtown Vancouver within 45 minutes or to the Peace Arch Canada/US Border to do some shopping or save on some gas.

South Surrey is well-known for having some of the nicest parks and recreational facilities in Surrey. Whether you’re looking to spend the afternoon on the beach, walking through nature parks, or working out in state-of-the-art recreational facilities, South Surrey has it all.

  • Morgan Creek Park
  • Rosemary Heights Park
  • Crescent Beach
  • Dogwood Park
  • Bayview Park
  • South Surrey Athletic Park

South Surrey has some of the most elite educational institutions in Western Canada. With some of the most sought-after private schools located in this town, the educational opportunities here are bar none.

  • Southridge Senior Secondary (Private)
  • Sunnyside Elementary School
  • Morgan Creek Montessori
  • White Rock Christian Academy
  • South Surrey White Rock Learning Centre
  • Star of the Sea School (Private)
  • Chantrell Creek Elementary

Shopping is an important pastime in South Surrey. With some of the top brands with outlet stores and flagship retail locations in South Surrey.

  • The Shops at Morgan Crossing
  • The Shops at High Street South Surrey
  • Semiahmoo Shopping Centre
  • Windsor Square Shopping Centre
South Surrey has been undergoing significant transportation upgrades from roads, highways, and public transportation options.

  • Taxi Services
  • South Surrey Park & Ride
  • Translink
  • Uber

Economic Stats for

South Surrey

With a strong understanding of the economic future of South Surrey you’re better positioned to make an informed decision on your real estate investment. It is important to completely understand the population growth trends, core economic drivers, and essential costs of living in South Surrey.

South Surrey’s population has experienced significant growth over the last several years. Between 2011 and 2016, the population of South Surrey grew by 12%. This is slightly faster growth than the rest of Surrey.

The household incomes in South Surrey are well above the national average. With an average family income of $115,000, South Surrey is one of the highest income-producing towns in the province.

Real estate prices in South Surrey vary greatly depending on the neighbourhood. It’s important to not just consider price when purchasing a property.

South Surrey May 2021 Price Three Year % Change
Detached House $1,731,600 16%
Townhouse $805,000 16.7%
Apartment/Condo $565,000 8%

(From MLS® Home Price Index – Fraser Valley Real Estate Board May 2021.)

 

Residential Property Tax Rate for South Surrey from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.188%     0.122%       0.345%
2019     0.175%     0.113%       0.319%
2018     0.180%     0.116%       0.326%

In order to make a wise real estate investment, it is important to understand the primary economic drivers of the town. South Surrey has a strong economy with plenty of high-income residents.

Retail has always been an extremely strong economic driver in South Surrey. Many of the residents commute into tech, medical, and finance jobs in downtown Vancouver.

Rental Potential in

South Surrey

As a city that has exploded in popularity over the past decade, South Surrey is a key market any savvy real estate investor should be informed on. There is plenty of opportunity for further appreciation in South Surrey.

Before you take the first step in acquiring a real estate investment it is best that you understand the most common costs associated with acquiring and maintaining a rental property.

  • Property Transfer Tax – This is a provincial tax on the transfer of ownership between the seller and buyer. In general, it is 1% – 3% of the fair market value.
  • Lawyer Fees – These fees vary depending on the firm’s rates and whether you will be financing or paying cash for the property. That being said, in general, the cost is approximately $1,000 – $2,000.
  • Property Taxes – All real estate in BC is impacted by property taxes in one way of another. In South Surrey, you can expect to pay around 0.34% of the BC assessment value each year.
  • Strata Fees – If you’re purchasing a property that has a strata corporation, then you can expect to pay a monthly fee to the strata. Most, if not all, apartments, townhomes, and condos have a monthly strata fee. This can range from $200 – $500+ per month.
  • Repairs & Maintenance – Most savvy investors budget 1 – 2 % of the fair market value of the property for repairs and maintenance.
  • Property Management – Who will manage the screening of tenants? What about collect the rents and abide by the BC Tenants Act? Property management companies can manage all of the day-to-day operations for anywhere from a 6 – 10% commission.

With such low vacancy rates in South Surrey, real estate investors are able to rest easy knowing their property will easily find a renter, assuming the property is marketed at fair market rates.

Monthly rents will vary greatly depending on the location and quality of the home. While these estimates will help you understand the general pricing, its best to speak with a professional real estate agent or property management company to get the most accurate rental rates for your property.

Estimated Monthly Rents:

1 Bedroom – $1,400 – $1,700 per month

2 Bedroom – $1,600 – $1,900 per month

3 Bedroom – $2,400 – $4,700 per month