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Many older Metro Vancouver residents view their detached house as their retirement nest egg. But where do you move to when it’s time to cash in on the extraordinary growth of that home’s value? Surrey is one of our region’s more affordable choices and, with 65 per cent of current listings having two or more bedrooms, there are also plenty of options.
Of the 421 two-bedroom condos currently on the market, the cheapest is $134,500 in the Creekside development in Guildford (869 square feet). If your pockets are deeper and you would like more space, the most expensive two-bedroom in Surrey is a 2,165-square-foot home in Whalley’s Odyssey Tower, which can be yours for $849,900.
East Newton
This is one of Surrey’s most ethnically diverse areas and there are 31 active condo listings, 22 of which have two bedrooms. These homes range in price from $145,000 to $269,900. The largest, at 1,256 square feet, is in Canterbury Green and is on the market for $238,000. The most recent two-bed condo to come on the market in the area was listed February 24. It’s in the Knights Bridge complex and the sellers are asking $195,000.
A two-bedroom home in East Newton’s Earl’s Court building enjoyed a spectacular sale recently. The owners held out for 55 days until accepting an offer of $165,000 – 18 per cent over their asking price of $139,900.
King George Corridor
Located in the heart of South Surrey, the King George Corridor has some of the city’s most admired communities like Heritage Trails, Semiahmoo Trail and Rosemary Heights. Of the area’s 40 active condo listings, 29 have two bedrooms. These start at $189,000 and go as high as $465,900. A number of these are in Adagio II, a brand-new development with a variety of floor plans all around 1,000 square feet. The most recent listings came to market February 22: a 1,087-square-foot home in Stratford Gardens for $337,000; and a 960-square-foot option in Gemini for $415,000.
A two-bedroom home in the neighbourhood’s Chateau Grace complex sold recently after 85 days on the market. The sellers there accepted an offer three per cent under their $249,000 asking price.
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