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Centra

By:

Everest Group

Centra is a 24-story condominium development in Surrey’s booming city centre, offering the perfect blend of quiet suburban life and urban conveniences.

Location

N/A

Risk Profile

Moderate - High

N/A

Min. investment

$20,000

Investment Strategy

Value Add

ARR

17.5%

Horizon

3 years

Introduction

Centra is an exciting new condominium project located in the heart of Surrey, British Columbia - one of Canada’s fastest-growing urban centres. This modern 24-story development features 164 residential units, three townhomes, and two levels of underground parking. Centra is designed to offer residents both urban convenience and suburban tranquillity, with the vibrant Surrey City Centre just a short walk away. Built by the trusted Everest Group, with over 30 successful projects completed in Canada, the U.S., and abroad, Centra is set to elevate the residential landscape of Surrey with thoughtfully designed, modern homes and expansive views in nearly every direction. The construction is progressing rapidly, with 8-9 stories completed out of the planned 24, moving toward an estimated April 2025 completion.

Key Reasons to invest

Above Average Return & Relatively Low Risk

This premium residential project is already 80% sold, with construction to be completed in just two years and has a preferred return of 17.5% senior to all equity in the project

Rapidly-Growing City & Stellar Location

Surrey is the fastest-growing city in British Columbia with it's population anticipated to more than double in the next decade. Centra by Everest is located a nine-minute walk to the city centre. The development is nestled within a quaint, family-friendly neighbourhood rich with greenery.

Highly Reputable Developers: Everest

Established in 2002, the Everest team has over 150 years of combined experience in real estate and construction management, with a proven track record of excellence.

0% Fees

For this investment, there are no transaction or management fees. If you choose to sell your investment in the secondary market, only the seller pays 1% commission.

Project Overview

Centra offers contemporary studio, one, two, and three-bedroom homes with a blend of urban sophistication and practice design. Each home is carefully designed to maximise usable space, making them both spacious and functional. Residents will additionally benefit from a range of practical amenities, including a professional-grade fitness room, a co-working space, and various communal areas tailored to support a balanced lifestyle. The project is surrounded by an idyllic neighbourhood atmosphere and scenic trails, making it an ideal home for those who appreciate both quiet surroundings and the excitement of city life. In addition to the homes themselves, Centra has achieved significant pre-sales of $87 million, underscoring the high demand and value of this development in Surrey’s growing real estate market.

Location

Surrey City Centre is quickly transforming from a suburban area to a dynamic, transit-connected urban core known for its business, cultural, and recreational appeal. Just minutes from Centra, the City Centre offers residents easy access to a variety of amenities, including the SkyTrain, shopping, dining, and parks. Surrey itself is forecasted to become the largest city in Western Canada within the next decade, with a population expected to double. The city boasts BC’s fastest-growing school district and a rapidly expanding job market, making it a highly attractive place to live and invest. With its accessible location and scenic surroundings, Centra is perfectly positioned to meet the demands of Surrey’s dynamic future.

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Developer Overview

Founded in 2002, Everest is a vertically-integrated land development and asset management group headquartered in Canada. Everest specializes in multi-family real estate, student residences, commercial/retail mixed-use communities, and hospitality properties.