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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
$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
$2,479,000
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 sqft
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 sqft
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
$2,388,000
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 sqft
For sale
$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 sqft
For sale
$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 sqft
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
$2,339,000
16243 10 AVENUE, surrey, British Columbia

16243 10 Avenue

Surrey, British Columbia

Welcome to McNally Creek Estates, an exclusive new construction community featuring only eight homes, ensuring a serene and private living experience. Nestled against lush green space, these homes offer a tranquil retreat from the hustle and bustle of daily life. Each home is crafted by a quality builder known for attention to detail and superior craftsmanship. The open-concept designs and modern finishes create a perfect blend of comfort and elegance. Enjoy the beauty of nature right at your doorstep while being minutes away from local amenities. Don't miss this rare opportunity to own a piece of McNally Creek Estates!. 2/5/10 warranty. Plus GST. (id:48205)

5 Bedroom 4 Bathroom 3331 sqft
For sale
$2,299,000
16241 10 AVENUE, surrey, British Columbia

16241 10 Avenue

Surrey, British Columbia

Welcome to McNally Creek Estates, an exclusive new construction community featuring only eight homes, ensuring a serene and private living experience. Nestled against lush green space, these homes offer a tranquil retreat from the hustle and bustle of daily life. Each home is crafted by a quality builder known for attention to detail and superior craftsmanship. The open-concept designs and modern finishes create a perfect blend of comfort and elegance. Enjoy the beauty of nature right at your doorstep while being minutes away from local amenities. Don't miss this rare opportunity to own a piece of McNally Creek Estates!. Spring 2025 Completion. 2/5/10 warranty. Plus GST. (id:48205)

4 Bedroom 4 Bathroom 3148 sqft
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 sqft
For sale Open House
$2,298,000
2096 128A STREET, surrey, British Columbia

2096 128a Street

Surrey, British Columbia

Nestled in Ocean Park, the 4592 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 sqft
For sale
$2,296,000
1834 OCEAN PARK ROAD, surrey, British Columbia

1834 Ocean Park Road

Surrey, British Columbia

Nestled in the prestigious Crescent Bch Ocean Pk, this magnificent 3-storey home is a rare gem. Blt in 1991 and recently fully renovated, this expansive residence offers over 4,570 sqft of luxurious living space on a generous 7,060 sqft lot. Modern upgrades, includ'g heat pump air-con, make the home perfectly combined classic charm with contemporary comfort. With 4 bdrms upstairs and 2 additional bdrms in bsmt, it provides ample space. It boasts expansive rooms that are perfect for both everyday living&entertaining.Large windows flood the interior with natural light. The backyard, adorned with mature trees, offers a cool and shaded retreat during the hot summer months. It's an ideal space for outdoor gatherings, gardening, or relaxing w/t a book. Close to beach/shop'g/restaurant/schools. (id:48205)

6 Bedroom 4 Bathroom 4577 sqft
For sale
$2,288,000
3251 144 STREET, surrey, British Columbia

3251 144 Street

Surrey, British Columbia

This Executive home is located in the exclusive Elgin Wynd community. Beautifully laid out over 3800 sq.ft, it's an entertainer's dream. Main floor features a luxurious chefs kitchen opening up to the sunken family room, gorgeous rock fireplace, oak floors, plus separated living and dining room for quiet enjoyment. The upper floor has 3bdrms/study + large recreational room. Primary bedroom is grand with fireplace, and spa like bathroom. The serene garden is beautifully landscaped with mature trees, plants, patio's and many sitting areas. Meticulously maintained, all mechanics have been upgraded, recently new roof & plumbing and furnace/ hot water tank are just a few years old. A PRIVATE 2 acre trail park is available for residents and only steps away. (id:48205)

4 Bedroom 4 Bathroom 3853 sqft
For sale
$2,288,000
16067 14 AVENUE, surrey, British Columbia

16067 14 Avenue

Surrey, British Columbia

6 bedroom and 6 bathroom including a 2 bedroom rental unit home located in a quiet and safe neighborhood. This custom built house offers a bright living room with high ceiling; family room with towering ceiling open to the second floor and access to your covered patio. Beautiful kitchen with island, granite, stainless steel appliances and opens up to large family room with bar. Additional wok kitchen on main level. 9' ceilings heights on Second floor features 4 bedroom with 3 bathroom and bonus attic off the primary bedroom, Huge balcony overlooking private backyard and mountain view. Forced air heating, A/C Roughed in. Close to the shopping mall, amenities and schools. Walking distance to beach. (id:48205)

6 Bedroom 6 Bathroom 3680
For sale Open House
$2,260,000
13383 14A AVENUE, surrey, British Columbia

13383 14a Avenue

Surrey, British Columbia

This custom built luxurious rancher and loft is located in the heart of Marine Terrace with peek-a-boo ocean view. With three bedrooms plus den, the home is very bright and spacious with many skylights. Features include French doors, slate flooring, granite counter tops and en-suite bathroom with heated floor. Large finished workshop and tool shed. The lot is very large with only one neighbor. The home is very well-maintained by the tenant.School catchments are Ray Shephard and Elgin. (id:48205)

3 Bedroom 3 Bathroom 2897 sqft
For sale
$2,258,000
16329 8 AVENUE, surrey, British Columbia

16329 8 Avenue

Surrey, British Columbia

This exceptional custom home has exquisite craftsmanship and premium features. The well-designed floor plan includes a stunning great room, dining area, and covered patio. The gourmet kitchen has high-end appliances, a wine bar, and a spacious quartz-topped island, with abundant built-in cabinetry throughout. The upper level has a master bedroom with a luxurious ensuite, two bedrooms with ensuites, and a loft area. The lower level has a media room, full bath, and another bedroom, with a rec room that has its own entrance and can be converted into one or two bedrooms. The home's interior/exterior sound system adds to its allure, making it a must-see for those seeking a luxurious and functional living space. New refrigerator, freezer, and hood fans. (id:48205)

5 Bedroom 6 Bathroom 4019
For sale Open House
$2,249,000
1495 161B STREET, surrey, British Columbia

1495 161b Street

Surrey, British Columbia

Welcome This 5 bdrm, beautifully finished Craftsman-style home brings traditional charm back to your life. Built with pride, this home offers loads of space for all levels of family living.Features incl:Gourmet Kitchen,the heart of every home is always the kitchen, and you will enjoy this oversized granite island as the focal point. The kitchen also includes a gas range, custom cabinetry, and plenty of space for culinary adventures. Living Spaces: The main level features a designated dining room and living room, complemented by a great room family room for versatile living and entertaining. Laundry is conveniently located on the main floor. Finished Basement: The basement includes 1 bdrm and 1 bath, ready for your ideas and perfect as a mortgage helper. Storage/ Parking: Ample storage and parking, even for an RV are available to meet your needs,this home will include for the car enthusiast a PORSCHE! What? (some rest may apply)Don't leave home without it! Open House June 8 & 9 Sat/Sun 2:00 - 4:00 (id:48205)

5 Bedroom 4 Bathroom 4650 sqft
For sale
$2,200,000
13887 16 AVENUE, surrey, British Columbia

13887 16 Avenue

Surrey, British Columbia

SUBDIVIDABLE 116 X 140 ft = 16,324 SQ FT LANEWAY ACCESS LOT with 8 unit (4 units/lot) potential under new Provincial densification initiative. Cash in now on the development potential or sit back and enjoy this 3,540 sq ft European inspired custom home! This gated residence offers peace and tranquility as you relax on one of the 2 expansive decks or patio overlooking the tranquil, professionally landscaped surroundings. The home has high ceilings on every level including the self contained, bright and spacious, fully finished basement level. Updates include newer roof, skylights, gas f/p and crown mouldings. Come experience the character, uniqueness and charm this home has to offer! Situated in a highly desirable part of the WR/ South Surrey area. GREAT VALUE and a GREAT INVESTMENT! (id:48205)

4 Bedroom 4 Bathroom 3540 sqft
For sale
$2,199,999
1637 138B STREET, surrey, British Columbia

1637 138b Street

Surrey, British Columbia

Welcome to 1637 138B STREET in South Surrey White Rock! Nestled on a peaceful cul-de-sac in Cedar Lane, this custom-designed beauty is a true masterpiece. Step into luxury with deluxe features throughout, including a spacious gourmet kitchen boasting a large walk-in pantry and stunning granite counters. Radiant heating and an air exchange system ensure comfort year-round, while the southern backyard offers a serene retreat. Hosting is a breeze with the open concept layout, where the kitchen flows seamlessly into the living room and solarium eating area. Picture-perfect for gatherings, the formal dining room shines with natural light. The primary bedroom is a sanctuary with his & hers walk-in closets and an updated ensuite bathroom. Don't miss the chance to make this delightful home yours. (id:48205)

5 Bedroom 3 Bathroom 2735 sqft
For sale
$2,199,888
14371 CRESCENT ROAD, surrey, British Columbia

14371 Crescent Road

Surrey, British Columbia

Public Remarks:Location Location!! 3 year old custom built 3 story home walking distance to Nicowynd Golf Course and Nikomikel River. Features: 4 bedroom 3 bathroom on top floor, living room , dining room , family room, kitchen, spice kitchen and MBDRM on main floor, theatre room 2 piece powder room plus legal walkout basement suite, radiant heat throughout , built on 4600 sq. feet lot. Central location. All sizes and age of the house is approximate, Buyer or the Buyer agent to verify. (id:48205)

7 Bedroom 6 Bathroom 3958 sqft
For sale
$2,199,000
1619 127 STREET, surrey, British Columbia

1619 127 Street

Surrey, British Columbia

Gorgeously remodelled RANCHER with WALK OUT BASEMENT in the heart of Ocean Park! This rare multi-generation home main floor features vaulted ceilings, 2 gas fireplaces, an open chef kitchen with Fisher Paykel appliances, 3 bedrooms, 2 baths and hardwood floors. Kitchen/family room opens to SW sunny deck, perfect for BBQs and entertaining. Lower level boasts a bright walkout ground-level one bedroom rental or in-law suite with its own yard. BONUS 6' crawl space off the double garage for massive amounts of storage. All of this located on a 7,108 sf corner lot that is bathed in sunshine, has multiple fruit trees, and located only steps away from Ocean Park Centre, Kwomais Park, and beach access via 1001 Steps. This home has it all! (id:48205)

4 Bedroom 3 Bathroom 2643 sqft
For sale
$2,199,000
12388 21A AVENUE, surrey, British Columbia

12388 21a Avenue

Surrey, British Columbia

Welcome to this stunning 3-storey Craftsman home in desirable Ocean Park. The main floor boasts a grand 18' height ceiling foyer, formal living and dining areas with a cozy gas fireplace, and an inviting antique white kitchen with stainless steel appliances and a family room. NEW fridge and dishwasher in 2023! Step outside to the private backyard oasis with an outdoor gas fireplace. Upstairs has 9' ceilings, finds up to 4 spacious bedrooms (or 3 bds plus playroom), including a primary suite with ensuite. The fully finished basement offers a recreation room, media room, gas fireplace, and a bedroom with ensuite and a potential 6th bedroom in future. 6 mins drive to Ocean Park Shoppings and Beach, 10mins drive to White Rock Shoppings and Beach, with easy transit and highway access. Ocean Cliff and Elgin Park school catchment. Open house: April 14, Sun, 2-4pm. (id:48205)

5 Bedroom 4 Bathroom 3733
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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