Summerwood

8428 Venture Way, Surrey, BC
Built 1994
54 units
Townhouse
1 active

About Summerwood

Summerwood in Fleetwood is a set of two storey, three bedroom townhomes all around 1,700 with several layouts available. The units have gas fireplaces and the complex is a short walk from Fraser Hwy with access to transit.

Amenities

Clubhouse
Exercise Centre
Gated
Recreation Facilities
Sauna/Steam Room
Shopping Nearby

School Catchment

Investor Insights — Townhouses in Fleetwood Tynehead

Estimated rental yields based on MLS data for townhouses in Fleetwood Tynehead.

Type Beds Avg Rent Avg Sale Strata Net Yield
Townhouse 2 $2,875/mo $600,533 $379/mo 4.3%
Townhouse 3 $3,021/mo $801,106 $391/mo 3.4%
Townhouse 4 $3,514/mo $779,840 $460/mo 4.0%

Net yield accounts for strata fees, property tax, and insurance. View full analysis

1 home has sold in Summerwood in the past year

Find out what your home here could sell for in today's market.

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,290,000Median home value
$132,000Median household income
75.3%Owner-occupied
51.2%Single-detached homes
3.4Avg household size
36.4Median age
32.3%Bachelor's degree or higher (25-64)
57.3%Commute under 30 min
92.5%Drive to work
31.6%Foreign-born residents
5,809Neighbourhood population

Age

Under 15: 21.8%15 to 64: 68.4%65 and over: 9.9%
  • Under 1521.8%
  • 15 to 6468.4%
  • 65 and over9.9%

Household size

  • 1 person11.1%
  • 221.3%
  • 320.2%
  • 426.6%
  • 5 or more20.8%

Language spoken at home

61.9% English mother tongue

  • Mandarin5.3%
  • Punjabi4.8%
  • Korean4.6%
  • English + other4.4%
  • Tagalog2.4%
  • Spanish1.9%
  • All others14.7%

Mother tongue, share of 5,805 residents.

How this pocket differs

  • notably more 5+ person households than Willoughby Heights 20.8% vs 11.6%
  • notably fewer people living alone than Willoughby Heights 11.1% vs 19.3%
  • more 4-person households than Willoughby Heights 26.6% vs 20.4%
  • notably fewer Korean speakers than Willoughby Heights 4.6% vs 9.7%
  • notably more Punjabi speakers than Willoughby Heights 4.8% vs 3%
  • Median household income is higher than Metro Vancouver $132,000 vs $90,000
  • Median dwelling value is higher than Metro Vancouver $1,290,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

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