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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
$7,990,000
13469 27 AVENUE, surrey, British Columbia

13469 27 Avenue

Surrey, British Columbia

One of the Largest and Most Prestigious Estate Properties in Elgin. This private and sun-filled 3.508 Acres - 155,881sqft of flat land awaits your imagination and ideas. The current family home is situated to take advantage of the setting and the ideal investment to rent out while you create your dream home plans. 2 Road Frontages and surrounded by the most luxurious estate homes in South Surrey. Truly a remarkable offering to experience and own. (id:48205)

5 Bedroom 5 Bathroom 6054
For sale
$7,888,888
14383 28 AVENUE, surrey, British Columbia

14383 28 Avenue

Surrey, British Columbia

Located in one of South Surrey's most prestigious neighbourhoods, Elgin-Chantrel. This grand-scale luxury residence sits majestically on a privately situated 1.08 acre park-like estate with circular gated driveway and professionally landscaped gardens. Designed by one of Vancouver's most respected architects, this 11 bedroom, 13 bathroom Mansion boasts over 14,000 square feet of expansive luxury living providing an indoor outdoor lifestyle like no other. Experience an impeccable choice of quality materials and luxury appointments including Control4 automation and garage parking for 5 vehicles. (id:48205)

8 Bedroom 12 Bathroom 14092
For sale
$6,899,000
14038 27A AVENUE, surrey, British Columbia

14038 27a Avenue

Surrey, British Columbia

"Elements Estate" - This exceptional grand-scale luxury estate residence is situated on a prized 1.03 acre property and located in the confines of South Surrey's ultra- exclusive and most prestigious ELGIN estate neighbourhood! The architectural elegance and grandeur with its bold stone and wood exterior and beautiful landscape create an impressive majestic presence. 10312 sft. floor size with exquisite design, master craftsmanship and opulent finishes blend seamlessly to create an international masterpiece while embracing the security and convenience of technology. Luxurious accessory building for guests to stay. Lush, mature hedges, and dense greenery surround the property for the utmost privacy.The unique mansion with its fresh elements awaiting to entertain and spoil you. (id:48205)

6 Bedroom 9 Bathroom 10312
For sale Open House
$6,888,000
2458 140 STREET, surrey, British Columbia

2458 140 Street

Surrey, British Columbia

Step into unparalleled luxury at this exquisite custom-built mansion in Sunnyside Park, South Surrey. Boasting over 10,000sqft of opulent living space, this residence is a masterpiece of architectural finesse. Indulge in premium natural marble, granite, & exterior stones adorning both the interior & exterior. Marvel at the custom rock feature wall, accentuated by elegant lighting, as you enter the grand foyer with double-height ceilings. The craftsmanship extends to custom millwork staircases & beyond. The gourmet chef's kitchen is a culinary haven, equipped w/ MIELE appliances, a built-in pantry & a dedicated Wok/Spice Kitchen. Featuring an impressive 10 bedrms, including two Master/Primary bedrms for the utmost comfort and luxury. Entertain guests in a dedicated entertainment area complete w/ gym, sauna, media room, wet bar & three additional bedrms. A legal suite is ready to accommodate extended family or serve as a lucrative mortgage helper. Open House, Sat, Apr 13, 1pm to 4pm. (id:48205)

10 Bedroom 12 Bathroom 10387
For sale
$6,650,000
13375 CRESCENT ROAD, surrey, British Columbia

13375 Crescent Road

Surrey, British Columbia

Upon entering the custom Tree of Life gate at Sunset Ridge you'll notice how the mature landscaping provides privacy. Raymond Bonter designed and Nathan Construction built this Georgian estate on 1.27 acres, with pool, hot-tub and an EXCLUSIVE PRIVATE DOCK on the river. Finishings include Travertine tile, radiant in floor heating, extensive millwork and oversized Euroline windows framing the views of the pool, gardens, River, OCEAN, city lights and SUNSETS! The gourmet kitchen is outfitted with an AGA range, 2 islands, gas cooktop, Sub-zero fridge-freezer, built in steam and microwave ovens, and lots of storage. Your new master suite boasts 2 w/i closets, dual sinks, 2 person jetted tub, and steam shower. All bedrooms are ensuited. Below is a perfect in-law, guest or nanny suite. (id:48205)

5 Bedroom 8 Bathroom 8526
For sale
$6,499,000
13396 CRESCENT ROAD, surrey, British Columbia

13396 Crescent Road

Surrey, British Columbia

Luxury living at its finest! You can envision this a home once you enter this spectacular gated property. Located on Crescent Road this home contains an outdoor lover's delight. From beautiful outdoor entertainment area with high quality turf, outdoor pool, mini golf area, life size chess board, built in BBQ, F/P and outdoor kitchen! The main floor has an outstanding open concept great room with 10 ft folding doors that blend the indoors & the outdoor living spaces. The main floor features a master bedroom and spacious office. The upstairs contains another master bedroom with 2 walk in closets. The lower level offers ample entertainment space with bar, theater room, sauna, steam shower, media room & bedroom & nanny suite. Other features include radiant floor heating, smart home system & 3 car garage. (id:48205)

7 Bedroom 8 Bathroom 8731
For sale
$6,498,000
13975 34 AVENUE, surrey, British Columbia

13975 34 Avenue

Surrey, British Columbia

Luxury Mansion located in a beautiful & quiet tree surrounding neighborhood, half of the street are new mansions. Rooms are spacious everywhere & full of natural sunshine. 12 ft high ceilings in the kitchen & dining room. High end appliances & finishing. All bedrooms have own balcony or deck and full ensuite bathrooms. Well designed, solid structural and multifunctional. School catchment: Chantrell Creek Elementary and Elgin Park Secondary. (id:48205)

5 Bedroom 6 Bathroom 7666
For sale
$5,980,000
13315 25 AVENUE, surrey, British Columbia

13315 25 Avenue

Surrey, British Columbia

"The Brohmstone" welcomes you to unparalleled luxury and craftsmanship in the esteemed neighborhood of Elgin Chantrell. Nestled within a serene Cul-De-Sac,this estate boasts a rare gem, a spiral staircase that sets the tone for the grandeur within. The great room exudes elegance and spaciousness, providing the perfect setting for gatherings and entertainment. The primary ensuite, located on the main floor, offers a sanctuary of relaxation with its spa-like bathroom, ensuring utmost comfort and luxury for its occupants. A magnificent 65-foot indoor natatorium, a Whistler resort-inspired family room awaits, complete with a gas fireplace and wood beam accents, offering a cozy and inviting ambiance for relaxation and leisure. Enjoy professional landscaping 1 acre w/tennis court & tranquil pond (id:48205)

5 Bedroom 6 Bathroom 7721
For sale
$5,725,000
13585 28 AVENUE, surrey, British Columbia

13585 28 Avenue

Surrey, British Columbia

GATED PALATIAL ESTATE IN ELGIN situated on a private 1.2+ acre property. This timeless estate offers expansive living throughout. In addition to the primary home, a self contained guest house is nestled about the triple car garage, overlooking the manicured park-like grounds. Enter the grande foyer & discover the expansive formal areas, executive office, gourmet kitchen, prep kitchen, butler's station, eating area, sensational great room with direct access to the outdoor fireside lounge+ BBQ. Bonus: Bedroom suite on main. Upper level offers 4 spacious bedrooms, including the owner's suite with luxurious appointments: fireplace, vanity, double closets, spa ensuite. Add'l features: Theatre, gym, bar, hot tub spa, golf green, playground - all with walk out access on the lower level. (id:48205)

7 Bedroom 8 Bathroom 7530
For sale
$5,588,000
2555 141 STREET, surrey, British Columbia

2555 141 Street

Surrey, British Columbia

CUSTOM BUILT MODERN LUXURY designed by Rose & Funk Interiors. Full home automation, an elevator, marble floors and slabs, rich hardwood floors, soaring ceilings and walls of windows throughout this 8,400sqft mansion. Grand Foyer with marble floors flows into a striking Living Room and Dining Room with a custom wine display. Great Room seamlessly creates the perfect indoor and outdoor entertainment space. Top-of-the-line Kitchen with a bonus Chef's Kitchen. Private Modern Suite with a Shangri-La inspired Ensuite. Lower level finished with a Legal Guest Suite, Rec. Room, Gym, Bar, Sauna and Theatre Room. Meticulous estate is located on a perfectly manicured property with gated entry and lush landscaping. Steps to Chantrell Creek and Elgin Park Secondary. Where Luxury Meets Quality! (id:48205)

7 Bedroom 8 Bathroom 8355
For sale
$5,588,000
2565 141 STREET, surrey, British Columbia

2565 141 Street

Surrey, British Columbia

Exquisite Coastal-Modern inspired residence designed to perfection by Rose & Funk Interiors. This 8,000sqft home boasts full home automation, an elevator, rich millwork and designer features throughout. The grand foyer leads to a grand living and dining area for formal entertaining. The great room seamlessly connects indoor and outdoor spaces, complemented by a top-tier kitchen and bonus chef's kitchen. 4 bedrooms above including the Hotel-Inspired Primary Bedroom. The lower level offers a legal guest suite, recreational room, gym, bar, sauna, and flex room. Situated on a meticulously landscaped property with a gated entry, this estate is steps away from Chantrell Creek and Elgin Park Secondary-a combination of luxury and quality. (id:48205)

8 Bedroom 9 Bathroom 7842
For sale
$5,498,000
14433 28 AVENUE, surrey, British Columbia

14433 28 Avenue

Surrey, British Columbia

MAGNIFICENT ELGIN MANSION WITH MOUNTAIN VIEWS. This gated chateau exudes sophistication & modern elegance. The foyer seamlessly flows into the living room with soaring 12-ft ceilings, intricate millwork, custom iron railings, & designer chandeliers. The great room offers folding glass walls, with direct access to the covered heated terrace, ideal for year round enjoyment. The gourmet kitchen & the WOK kitchen are fitted with high-end cabinetry + MIELE appliances. Features: Home theatre, wet bar, dance room, sports lounge, option for a 1 bedroom self-contained suite with kitchen, Control4 smart home, automated blinds, & steam shower. BONUS: LANEWAY home with office & spa room, showstopper SPORTS COURT, golf putting green & pool option. Minutes to the beach, premier schools, shopping & MORE. (id:48205)

6 Bedroom 7 Bathroom 7435
For sale
$5,390,000
13462 25 AVENUE, surrey, British Columbia

13462 25 Avenue

Surrey, British Columbia

Once in a lifetime you come upon a magnificent, luxury, gated property offering the charm of Whistler-inspired architecture, located on a cul-du-sac in a highly sought after neighbourhood. Custom built to the highest standards with extensive millwork, arches, vaulted ceilings, brick feature walls, natural limestone & heart-fee fir beams & posts thruout interior & exterior of home. Beautiful walnut wide plank flooring. Chef's dream kitchen with leathered granite counter tops & high end appliances. Two upstairs areas accessed by separate staircases & a spiral staircase to a 3rd level loft. Resort-like pool/hot tub overlooks beautifully manicured gardens (20 zone irreg. system) BASEMENT AREA IS COACH HOUSE with world-class recording studio, 2 bdrm/2bath. (id:48205)

7 Bedroom 8 Bathroom 6944
For sale
$5,375,000
2923 WOODCREST PLACE, surrey, British Columbia

2923 Woodcrest Place

Surrey, British Columbia

Exclusive custom home in the Elgin area this home is located in a cul-de-sac in an area of LUXURY estates. Grand foyer + staircase lead into this exceptional home, entertainment grand living/dining area with built in bar, gourmet kitchen (S/steel appliances-Viking/Sub-zero) + wok/spice kitchen, adjacent family room and spacious sundrenched conservatory for year round views of the delightful gardens. Five bedrooms in total (ensuite) seven bathrooms this thoughtful design features a movie theatre and guest suite on the main floor - ideal for entertaining or cozy nights at home! Stunning primary bedroom with luxurious ensuite + French Doors to a huge private deck. 7539 sq.ft. living space, A/C, TRIPLE car garage, Koi pond, 0.92 acre lot! Covered outdoor patio with fireplace! Gated - by appt pls! (id:48205)

5 Bedroom 7 Bathroom 7539
For sale
$5,188,000
2650 136 STREET, surrey, British Columbia

2650 136 Street

Surrey, British Columbia

Grand Country Manor on a 1.1 acre private, double gated family estate in the peaceful heart of prestigious Elgin Chantrell ! Wonderful large 4 br family home, open plan carefully designed in & out. A sprawling gourmet kitchen to entertain family & guests. A luxurious 5 pc. master above, in floor heating throughout, A/C & HRV sys. on demand & nat. gas gen. available for backup security. Huge manicured front & back yards with a varieties of foliage, plan fun activities around in-ground pool & jac, outdr shower, heated & massive covered bbq patio area, koi pond and playground for the kids. Detached coach house is privately planned with a massive 4 car heated checkered garage floor, and large space above. Short walk to Chantrell & Elgin Schools. Discover tranquility # White Rock South Surrey. (id:48205)

6 Bedroom 8 Bathroom 4651
For sale
$4,988,000
13305 28 AVENUE, surrey, British Columbia

13305 28 Avenue

Surrey, British Columbia

A Luxurious Mansion on a one-acre lot in trending Elgin Chantrell. With 8000 sqft across 2 storeys plus a walk-out basement, this home offers privacy and elegance. Four ensuite bedrooms upstairs, a second master on the main, and exquisite maple hardwood flooring. The living, dining, and family rooms feature double-height ceilings. The lower level boasts a wet bar, wine room, game and recreation rooms, gym, and media room. Double heat pumps ensure comfort year-round. Professionally landscaped grounds. Walking distance to top schools - Elgin Park Secondary and Chantrell Creek Elementary. Experience grand living at its best. (id:48205)

9 Bedroom 9 Bathroom 7825
For sale
$4,880,000
13216 CRESCENT ROAD, surrey, British Columbia

13216 Crescent Road

Surrey, British Columbia

Your Tuscan Villa awaits! Custom built by the current owner, this South Surrey masterpiece on a 1/2 acre offers over 9,000 sq ft w/5 bdrms, 5 full/4 half baths. No expense spared w/elevator, 8 car garage w/mezzanine & connecting home office, travertine/marble/limestone/rift cut hardwood flooring, solid vertical grain fir doors & windows, full basement bar/theatre/dance floor, imported roof tiles/columns, and more! Grand 23' entrance with gas sconces, chef inspired kitchen w/WOLF/SUB-ZERO appliances + separate prep kitchen, 2 dining areas - too much to list. 4 bedrooms + laundry up including oversize primary w/spa like ensuite + massive walk-in closet. Private yard w/koi pond, gazebo w/fire pit, outdoor bathroom, & storage shed. Truly a 5 star home. (id:48205)

5 Bedroom 8 Bathroom 9114
For sale
$4,668,000
2650 139A STREET, surrey, British Columbia

2650 139a Street

Surrey, British Columbia

Magnificent family home in Peninsula Park! This custom built luxurious home come completes with a fully self-contained guest house. Boasting 2 master bedrooms with fabulous ensuites and WIC's (one on the main and upper level), 4 additional bedrooms (ensuited), an open kitchen with professional grade appliances plus 2nd wok/spice kitchen. Brazilian hardwood floors & custom finishes adorn this elegant home. The full walkout lower level features an exercise room, media room, spacious games room, guest bedroom and lots of storage. This exclusive estate home sits on a gated 24,001 sqft lot with three gated driveways, 5 garages, nanny/in law suite and mature landscaping. Chantrell Creek and Elgin Park school catchments. Truly the finest location in one South Surrey's most exclusive neighborhoods (id:48205)

7 Bedroom 8 Bathroom 7510
For sale
$4,600,000
13967 34 AVENUE, surrey, British Columbia

13967 34 Avenue

Surrey, British Columbia

Escape the ordinary at Peak View Chalet - a testament to estate living. This inspiring log home, nestled amidst nature and sprawling one-acre parcel offers ocean views. Exquisite design, 20ft vaulted ceilings soar overhead providing natural light and air. The heart of the home is a gourmet chef's kitchen, which opens up onto the 1000SF sun drenched patio perfect for summer BBQ's. Unwind in front of the magnificent wood-burning fireplaces or rejuvenate your senses in the indulgent sauna, all while basking in the sublime ambiance of the surroundings. Every corner of this residence feels magical, from the spa-like bathrooms to the lavish primary retreat, ensuring a lifestyle of utmost comfort. A triple garage provides ample space for vehicles and storage and huge crawl space can store all your treasures. Legal suite adds versatility for guest or Airbnb. BONUS- allowable 1700SF of additional space to build your ideal man cave! Make memories at Peakview Chalet- timeless masterpiece! OH- FEB 10th 2-4/11th 11-1pm (id:48205)

5 Bedroom 4 Bathroom 6318
For sale
$4,098,000
2985 WOODCREST PLACE, surrey, British Columbia

2985 Woodcrest Place

Surrey, British Columbia

Welcome to the epitome of luxury living in the Woodcrest Place cul-de-sac. Nestled within a prestigious private 1-acre lot, this custom-built executive home offers an unparalleled fusion of elegance and functionality. As you step into the grand foyer, you're greeted by a world of opulence. From the formal living and dining rooms to the gourmet kitchen boasting granite counters and a six-burner gas cooktop, every detail speaks of refined taste. The main floor master suite is a haven of relaxation with its sitting area, fireplace, and ensuite featuring a glass steam shower and jetted tub. With five additional bedrooms, a 6-car garage, a loft above the garage, and a beautifully landscaped backyard, this home redefines extravagance. School: Chantrell Creek Elementary and Elgin Park Secondary. (id:48205)

6 Bedroom 6 Bathroom 5918
For sale
$3,880,000
14275 28 AVENUE, surrey, British Columbia

14275 28 Avenue

Surrey, British Columbia

Located in a very Private Parklike Acres of Elgin Chantrell, South Surrey. This wonderful property has 3436 sqft living space on 1.08 Acres (47,010 sqft lot). It features 5 bedroom 3 bath, outdoor tennis court, outdoor swimming pool, Open Kitchen family room with expansive decks all overlooking the rear yard and pool. 3 bedrooms on the top floor, 2 bedrooms in the basement, including an office area and Gym. Plenty of outdoor entertaining areas including a spectacular outdoor covered deck for outdoor cooking/dining with seating around the Fireplace. Must see for appreciation. (id:48205)

5 Bedroom 3 Bathroom 3436
For sale
$3,798,000
2676 133 STREET, surrey, British Columbia

2676 133 Street

Surrey, British Columbia

MAGNIFICENT Residence situated on a private 46,340sqft SOUTH facing property. Lush landscaping and meticulously manicured lawns create a stunning oasis for entertaining and family living. Beautifully updated 4,393sqft home boasts 4 bedrooms and 4 bathrooms. Grand foyer sets the tone of sophistication with an adjacent Formal Living and Dining Room with garden views. Great Room with a tastefully updated Kitchen and high end appliances features french doors to expansive patios for seamless indoor/outdoor entertaining. Well-appointed bedrooms above including the Principal Suite with spa-inspired ensuite and deck overlooking the gardens. Bonus Media Room with a bar tucked away on the upper level. Rare 7 Car Garage with Covered RV Parking. Timeless Luxury for a buyer seeking exclusivity. (id:48205)

4 Bedroom 4 Bathroom 4393
For sale
$3,788,888
14368 24A AVENUE, surrey, British Columbia

14368 24a Avenue

Surrey, British Columbia

SUNNYSIDE PARK! Great 2 storey family home located on a beautiful 32,258 sq.ft. rectangle shape lot (0.741 acres) with 152 feet width and 212 feet depth, south facing backyard, clear of big trees. Total 2,405 sq.ft. living space with 4 bedrooms 3 bathrooms. Previous renovated with newer windows, newer roof, crown mouldings, hardwood floors, newer carpets, 2 french doors access to the rear deck. Open concept Kitchen with abundant daylight, built-in cabinet, stainless steel appliances, overlooking the backyard. Upstairs, 4 spacious bedrooms including the master bedroom & master bathroom, 3 other bedrooms sharing a full bathroom. RV parking plus extra parking space. Central location, minutes walk to South Surrey Recreation Centre, Sunnyside Acres Park, Peninsula Village and White Rock Pier. (id:48205)

4 Bedroom 3 Bathroom 2281
For sale
$3,780,000
14033 30A AVENUE, surrey, British Columbia

14033 30a Avenue

Surrey, British Columbia

Beautiful Elgin Hill Estate nestled in prestigious neighbourhood, this gorgeous home offers 5,146sqft of luxurious living on a private 12,200sqft property. Walking in to the grand foyer, you are greeted by cross-hall formal Living and Dining Rooms for entertaining. Great Room along the rear of the home offers double height ceilings, and French Doors to the covered patio. Gourmet Chef's Kitchen with high-end appliances and bonus wok kitchen. 4 spacious bedrooms upstairs each with an ensuite including the luxe Primary Suite. Lower level complete with a gym, sauna, bar, cellar, media room, rec room and guest bedroom. Additional features include a back-up generator, fresh paint inside, and private/gated lane access. Chantrell Creek Elementary & Elgin Park Secondary catchment. Shows 10/10 (id:48205)

5 Bedroom 6 Bathroom 5146
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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