Surrey Townhomes for Sale Under $500,000

Looking for a Surrey townhouse with an asking price below $500,000? Browse the MLS® listings below to explore available properties and compare prices, layouts, monthly fees and locations.

Homes in this budget can differ substantially in ownership type, condition and financing requirements. Review each listing’s details carefully, and contact Chris Yorke for help narrowing down options that fit your needs.

13958 108 AVE #124, Surrey, BC V3T 0B4

Listed by RE/MAX City Realty

15020 66a AVE #90, Surrey, BC V3S 2A5

Listed by RE/MAX Aldercenter Realty

More

Surrey Townhome Buyer Guide

Buying a Surrey Townhome Under $500,000

 

When comparing Surrey townhomes under $500,000, price is only one consideration. Buyers should also review the property's tenure, condition, floor plan, parking, strata fees, bylaws, financial information and available strata documents.

 

Download the Surrey Townhome Buyer Playbook for a practical guide to researching and comparing townhouse properties in Surrey, BC.

Name*
Phone*
The_Surrey_Townhome_Buyer_Playbook_Surreytownhomesforsale_compressed_1

Buying a Surrey Townhome Under $500,000

A lower asking price is a starting point. The next step is understanding what you are buying and what it will cost to own.
 
When comparing Surrey townhouses under $500K, consider the ownership structure, monthly payments, property condition and any community restrictions. A home with a lower purchase price may have higher ongoing costs or different mortgage requirements than another property in the same price range.
 
Your search may include older townhomes, compact layouts, leasehold properties or homes in communities with age restrictions. Availability changes, and the details of each property should be confirmed individually.
Understand the Ownership Type
 
Before comparing two homes on price alone, check whether they offer the same type of ownership.
 
Freehold strata, leasehold and other ownership arrangements can involve different rights, costs and responsibilities. For a leasehold property, important questions include the remaining lease term, payment arrangements, renewal provisions and the availability of financing.
 
If you want your search limited to freehold strata townhomes, mention that when requesting listings.
Compare the Full Monthly Cost
 
Your budget should account for more than the mortgage payment.
 
Depending on the property, ongoing expenses may include:
 
• Monthly strata fees
• Property taxes
• Home insurance
• Utilities
• Lease or land payments, where applicable
• Interior maintenance and repairs
• Special levies or other property-specific charges
 
Compare what the monthly fees include and ask about planned work before deciding which home offers the best fit for your budget.
 
Review the Home and the Complex
 
The condition of the individual home matters, along with the condition and finances of the wider development.
 
Documents to request and review, where applicable, include:
 
• Form B Information Certificate and attachments
• Strata bylaws and rules
• Recent council and general meeting minutes
• Financial statements and operating budgets
• Contingency reserve fund information
• Depreciation reports
• Insurance information
Also consider the age and condition of roofs, exterior cladding, windows, decks, plumbing and other major components. Professional inspections and advice can help you understand issues that may affect your purchase.
 
Search Across Surrey

If your budget is below $500,000, keeping an open mind about location can help you compare the available choices.
 
Consider your commute, access to transit, parking needs, nearby services and preferred home layout. Rather than choosing a neighbourhood on price alone, compare the homes currently available with the features you need most.
 
Tell Chris your preferred areas and any must-haves, such as a private entrance, outdoor space, two bedrooms or pet-friendly bylaws, to create a more focused search.

Surrey Townhomes Under $500K: Frequently Asked Questions

Can I find a townhouse in Surrey for under $500,000?

Listings below $500,000 may be available, but the selection changes. Check the listings on this page for available options and confirm each property’s status, ownership type and features before arranging a viewing.

Are all properties under $500,000 freehold strata?

Why are some townhomes priced much lower than others?

Can I get a mortgage on a townhome under $500,000?

Will I have to pay strata fees?

Can I buy a townhome in this price range if I have children or pets?

Are older townhomes cheaper than new townhomes in Surrey?

What if there are no matching listings?

How do I arrange a showing?

How quickly do affordable Surrey townhomes sell?