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Homes for Sale in Abbotsford BC

Whether you are a young family searching for townhouses or Abbotsford homes for sale, or you are a recent University of the Fraser Valley Graduate looking for 2-bedroom condos in Abbotsford, in order to get started in the Abbotsford Real Estate Market, call or text the Taylor Team at 1-778-316-4290. Abbotsford BC Real Estate is great place to start and our Sutton real estate agents are here to help. Matsqui, Bradner and Sumas Mountain areas of Abbotsford, British Columbia all hold some of the most amazing views of Mount Baker, the Fraser Valley and the Pacific Coast Mountains, making Abbotsford very high in demand. Abbotsford MLS listings show this area as being very active and a good investment for your future.

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For sale Open House
$1,449,900
3172 STATION ROAD, abbotsford, British Columbia

3172 Station Road

Abbotsford, British Columbia

Beautiful custom build home on a huge 10,059 sqft fenced yard with big deck overlooking treed greenbelt. Main floor offers 9ft ceilings w/detailed crown moulding, 3 bedrooms, 2 gas fireplaces, spacious living, dining and kitchen with lots of cabinets adjoining family room and eating area. Master bdrm has walk in closet and 3 pc ensuite. Fully finished basement has large 2 bedroom above ground self-contained LEGAL suite. Basement has another full functional bedroom (with window and closet) for upstairs use. Double garage, and plenty of parking. This is an amazing location centrally located to all amenities such as groceries, gas, restaurants, Downtown Aldergrove, restaurants, parks and a 2 minute walk distance to transit. Call to book your private showing! (id:48205)

6 Bedroom 3 Bathroom 2787
For sale
$1,449,900
2944 FLAGMAN PLACE, abbotsford, British Columbia

2944 Flagman Place

Abbotsford, British Columbia

Gorgeous 2 storey home with In-law suite right on the main floor or mortgage helper. Home has impressive open staircase to 4 bedrooms up. 5th bedroom on main in suite. 4 bathrooms. Features beautiful hardwood floors, granite counter-tops, and SS appliances. Crown moulding thru out. BI vacuum. Living-room with 12' coved ceilings & 2nd gas fireplace. Spectacular 20' ceilings & open cat walk over family room. Spac kitchen with huge granite center island, 5 burner stove, cook top stove and built in oven. Private fenced backyard w/garden shed & 6'x8' greenhouse. Quiet cul-de-sac close to schools & shopping. Loads of parking (id:48205)

5 Bedroom 5 Bathroom 2861
For sale
$1,449,888
47 4295 OLD CLAYBURN ROAD, abbotsford, British Columbia

47 4295 Old Clayburn Road

Abbotsford, British Columbia

Custom built home in the desirable Sunspring Estates located in East Abbotsford! Best location tucked away in the complex. Privately positioned lot expands over 4000 Sq Ft with exterior upgrades including a rubber stone driveway, stamped concrete, hardscaping, hardy board siding, and a custom rock retaining wall. The home blends luxury and comfort with 3 Bedrooms & 3 Bathrooms and an inviting floor plan highlighted by oversized windows, open concept living/dining room, chefs kitchen with massive island & high end appliances, front deck, recreation room, and oasis like backyard with swim spa, tinted covered awning, & wooden deck. Primary Bedroom boasts VIEWS, a WIC and spa like ensuite bath. 2 other spacious rooms with laundry upstairs. Oversized 650 Sq Ft double garage, AC, & HW on demand! (id:48205)

3 Bedroom 3 Bathroom 2287
For sale
$1,449,888
29497 SUNVALLEY CRESCENT, abbotsford, British Columbia

29497 Sunvalley Crescent

Abbotsford, British Columbia

Potential to generate over $5,500 in rental income per month. Call for details. (id:48205)

5 Bedroom 2 Bathroom 2254
For sale
$1,449,000
31709 UPLAND CRESCENT, abbotsford, British Columbia

31709 Upland Crescent

Abbotsford, British Columbia

A Spacious 2831 sqft house featuring 6 bedrooms and 5 bathroom provides ample living space and comfort for a large family. The well designed layout ensures privacy and convenience, creating a welcoming home for residents and guests alike. Located in the heart of west Abbotsford, with walking distance to all levels of schools, shopping and Walk to Fish Trap Creek Park. (id:48205)

6 Bedroom 5 Bathroom 2831
For sale
$1,449,000
2558 LAKEVIEW CRESCENT, abbotsford, British Columbia

2558 Lakeview Crescent

Abbotsford, British Columbia

INVESTOR ALERT! Great Potential for high-density zoning. The property has a distance of less than 200M (173.01M) from the Transit Oriented Area (TOA), a density of 3.5 SFR, and 10 stories. Inquire with the City of Abbotsford about the potential of a subdivision. Walking distance to Heritage Gurdwara Sahib, shopping, parks, schools, public transit, entertainment, Mill Lake & Malls. Located at the end of the crescent, this 2-level home on 7650 SF lot has been well maintained and has 4 bedrooms, and 3 baths. One bdrm bsmt suites, and a separate entrance. 2 laundry upstairs and downstairs & nicely renovated in 2023. The large level lot is nicely landscaped. Enjoy your summers in the fenced yard with room for pets, children, and gardening. Lots of room to park your R.V. Hurry on this one! (id:48205)

4 Bedroom 3 Bathroom 2090
For sale
$1,444,444
2772 ST MORITZ WAY, abbotsford, British Columbia

2772 St Moritz Way

Abbotsford, British Columbia

Panoramic Views Await! This stunning home showcases a breathtaking 180-DEGREE VIEW from each of its three floors, all set on a low-maintenance lot. Nestled on a tranquil lane with minimal traffic, this meticulously updated almost, 4000 square foot home offers SEVEN bedrooms and four full baths. Recently enhanced with gleaming hardwood flooring throughout the main level, the home features a kitchen adorned with maple cabinets and stainless steel appliances. The bathrooms have been tastefully remodeled, adding to the home's appeal. The main level comprises three bedrooms, two full baths, a spacious living room and cozy family room. The floor below offers a three bedroom in-law suite with, while the lower level includes one bedroom, a retreat/flex area, a games/rec room, and a full bath! (id:48205)

7 Bedroom 4 Bathroom 3740
For sale
$1,439,000
36688 CARL CREEK CRESCENT, abbotsford, British Columbia

36688 Carl Creek Crescent

Abbotsford, British Columbia

Looking for a new modern home, with an open floor plan and floor-to-ceiling windows, we got the perfect place for you! This home is located in a new subdivision in Abbotsford East. The open floor plan, high ceilings and grand windows make this home bright and luxurious. The main floor features a great room, dining, with a state-of-the-art kitchen leading to the back patio. The open floor plan makes this house an exceptional place to entertain guests. The upper level features a master bedroom with a grand walk-in-closet, luxury ensuite bath and three bedrooms. In the basement you have Two bedrooms, and a theatre room + rec room. Come check out this peaceful neighbourhood. (id:48205)

7 Bedroom 5 Bathroom 2986
For sale
$1,425,000
36472 CARDIFF PLACE, abbotsford, British Columbia

36472 Cardiff Place

Abbotsford, British Columbia

Beautiful home in one of Abbotsford's' premier neighbourhoods! Cul-de-Sac living with Recreation on your doorstep, close to hiking and biking trails, Abbotsford Rec Centre, shopping and all levels of schools! Great freeway access to hwy 1, but no freeway noise when you're enjoying the outside. 5 bedrooms upstairs, the primary has a large ensuite and walk in closet! Superior finishing throughout this home and the basement is unfinished and waiting for your ideas, with high ceilings and lots of natural light, it would make a perfect in law suite or hang out area. Hardwood floors, Stainless steel appliances in the kitchen and crown moulding everywhere, new furnace and new hot water tank! The open plan living and kitchen area is big and bright, with great views of Mt Baker. (id:48205)

5 Bedroom 3 Bathroom 3810
For sale
$1,425,000
3740 BALSAM CRESCENT, abbotsford, British Columbia

3740 Balsam Crescent

Abbotsford, British Columbia

INCREDIBLE HOME! Meticulously well maintained home loaded with features! Located on a quiet cul-de-sac, this West Coast home is well positioned on a 9500sqft lot with an insulated 21x12 workshop (220 wiring). Gorgeous home with vaulted ceilings, spectacular master bedroom + ensuite and warm and inviting, great room. Check out the deluxe 2 bedroom legal bsmt suite with awesome kitchen and its' own laundry. Central A/C, new deck, paint, and more. Call for more info & your personal showing. (id:48205)

5 Bedroom 3 Bathroom 3748
For sale
$1,424,888
2449 ADELAIDE STREET, abbotsford, British Columbia

2449 Adelaide Street

Abbotsford, British Columbia

WOW!!! In West Abbotsford!!! 110ft front Lot, Designated Urban 3-Infill Zoning (carriage home? Garden suite? Subdivide?) potential for multi-units as per future new regulations. Take advantage of a solid 6 bedroom, 3 bathroom, Legal Bsmt-Suite with separate entry, Dbl garage home with ample room for all the toys, corner lot. New Furnace & new hot water tank. Quite inside Street. Separate entrance for basement suite. Please check with the city for development options....or bring your own Ideas! Close to all amenities, shopping, rec centre, transit, Mill Lake, schools and in a great neighborhood. Be sure to check out the tour!!! (id:48205)

6 Bedroom 3 Bathroom 2572
For sale
$1,420,000
30627 CRESTVIEW CRESCENT, abbotsford, British Columbia

30627 Crestview Crescent

Abbotsford, British Columbia

This is a beautiful 3 storey home in a west Abbotsford cul-de-sac conveniently located minutes from Highstreet shopping centre and Hwy 1. Entry has a den for office space and a powder room across it. The cozy kitchen and family room area includes a fireplace to set the mood. As you step out onto the back deck, you'll see farmland with berry rows and the north shore mountains in the distance, a perfect view to enjoy the natural beauty of the area. Upstairs has 3 bedrooms with 2 full bath perfect for a family. The basement includes its own entry and is a spacious 2 bedroom 1 full bath newly renovated. Both the main floor and basement have separate laundry for ease and convenience. (id:48205)

5 Bedroom 4 Bathroom 2718
For sale
$1,399,900
108 4595 SUMAS MOUNTAIN ROAD, abbotsford, British Columbia

108 4595 Sumas Mountain Road

Abbotsford, British Columbia

Like new, quality Craftsman built home in exclusive gated community. Country living in the city, overlooking your very own ¼ acre greenspace with serene views of Sumas Mountain. Surrounded by quality homes with nature at your doorstep. Enjoy a feeling of spaciousness and hear the owls and tree frogs in your own backyard. Less than a kilometer's walk or 4-minute drive to Auguston Elementary School, 2 km to Ledgeview Golf Course, 7 km to Save-on-Foods complex, and mountain biking & hiking trails galore! The main floor offers open concept living with beautiful finishing. Downstairs has a walk out basement that is bright and open with a separate entrance if you are looking to add a suite. This 8 years 'new' home has been meticulously maintained by original owners and pride of ownership shows! (id:48205)

4 Bedroom 3 Bathroom 3204
For sale Open House
$1,399,800
35818 EAGLECREST DRIVE, abbotsford, British Columbia

35818 Eaglecrest Drive

Abbotsford, British Columbia

Completely renovated and modernized 2-storey with basement in Mountain Village with an unobstructed southern view of Mt Baker. Feels like a brand new home (but without the pain of GST). Opened up floor plan offering room for the whole family: indoors, outdoors and complete with a 2 bedroom unauthorized basement suite. Professionally and meticulously designed complementing the luxury lifestyle and a price that can't be beat. Being vacant, it's ready for quick possession. Located in one of East Abbotsford's best neighbourhoods with easy freeway acces and being close to schools, shopping and amenities, but tucked away from traffic and city noise, this is not a drive by. Call today to arrange a private viewing or pop by the open house. (id:48205)

6 Bedroom 4 Bathroom 3289
For sale
$1,399,800
3273 MCKINLEY DRIVE, abbotsford, British Columbia

3273 Mckinley Drive

Abbotsford, British Columbia

***FRESHLY TASTEFULLY COMPLETELY RENOVATED*** 2-Story with basement & Gorgeous Cherry Blossom Tree. UPPER: 5 spacious bedrooms + 2 luxuriously updated new bathrooms. MAIN FLOOR: lavishly updated w/new kitchen cabinets, quartz countertops, newer stainless-steel appliances, pod lights, new flooring, new modern zebra blinds throughout. BASEMENT: Walk-out 2-Bedroom suite w/ in suite laundry rented to good tenants. HUGE VALUE UPGRADES: Navien hot-water-on-demand tankless water heater (2018), Lennox heating furnace (2018), newer roof (2021), newer deck (2022). 2-car garage. Lovely lovely home not to be missed! (id:48205)

7 Bedroom 4 Bathroom 3198
For sale
$1,399,700
3158 MALLARD STREET, abbotsford, British Columbia

3158 Mallard Street

Abbotsford, British Columbia

Great home in excellent family oriented neighborhood of West Abbotsford. This home 6 bedrooms/ 4 bathrooms & a great outdoor space for entertainment. Main floor has a welcoming foyer, huge living room with fireplace, dining room, kitchen with tons of storage, nook, family room with fireplace, laundry room, full bathroom & a sunny sundeck to relax. Top Floor has 4 spacious bedrooms/ 2 bathrooms with an en suite in the master. Basement has a large rec room for upstairs use PLUS a 2 Bedrooms Legal Suite Mortgage Helper with separate entrance. Close to schools, shopping, recreation, public transit, parks, restaurants, High Street Mall, trails & much more. (id:48205)

6 Bedroom 4 Bathroom 3302
For sale
$1,399,500
31149 KINGFISHER PLACE, abbotsford, British Columbia

31149 Kingfisher Place

Abbotsford, British Columbia

Rarely Available Home in Prime Location of West Abbotsford Tucked in a Quiet Cul-De-Sac.Houses For Sale are rare in this area.This Home has 3bdrms up..mstr w/En-Suite, main level there is a living room,separate laundry,kitchen with sliding door to patio,fully fenced private back yard with fruit trees. Below fully finished 2bdrm suite with Kitchen,separate laundry & entrance. Secondary suite fully finished with kitchen, separate laundry & entrance. UP$2400mtm,Suite leftside$1700mtm, Right side$1600.Total amount $5700mtm. Excellent Tenants & would love to stay, otherwise vacant possession for the whole house can be accommodated. Rick hansen secondary, Harry sayers elementary & Eugene reimer middle school are steps away. All other major amenities including high st mall,&hwy access only mins (id:48205)

7 Bedroom 5 Bathroom 2580
For sale
$1,399,000
2889 UPLAND CRESCENT, abbotsford, British Columbia

2889 Upland Crescent

Abbotsford, British Columbia

Excellent Location in central West Abbotsford on a quiet street minutes to all amenities with short 2 min walk to transit. Potential to subdivision into 3 lots similar to Property next door (please check and confirm with City of Abbotsford). Basement can be easily converted into a suite with separate access. Large covered patio and fully fenced yard for outdoor entertainment. Double garage and a double carport great for the car enthusiast or home-based business owner. Lots of renovations already completed. (id:48205)

4 Bedroom 2 Bathroom 2600
For sale
$1,399,000
2783 ST MORITZ WAY, abbotsford, British Columbia

2783 St Moritz Way

Abbotsford, British Columbia

Looking for the perfect large family home. This 4,762 sq. ft. two storey plus basement on Glenn Mountain is it! The most flexible home layout you will find, 6 bedrooms & 5 bathrooms. Gorgeous white modern kitchen with quartz countertops, massive walk-in pantry & stainless steel appliances. Walk upstairs to 4 spacious bedrooms, flex room & a rec room. The large primary bedroom has a full ensuite. Massive 1,797 sq. ft. 2 bedroom basement suite with separate entrance and it's own laundry, currently occupied by owner. Two massive decks totaling 1,374 sq ft. with hot tub included. Landscaped & fenced flat backyard & a play area for kids. All this within the best school catchment: McMillan Elementary, William A. Fraser Middle, & Yale Secondary. ARC Rec Centre close by. Too much to list here! (id:48205)

6 Bedroom 5 Bathroom 4762
For sale Open House
$1,399,000
2910 STATION ROAD, abbotsford, British Columbia

2910 Station Road

Abbotsford, British Columbia

Discover this well-maintained two-story residence with 3422 sqft of living space on a 10,052 sqft lot (as per BC Assessment). This 12-year-old property features 5 bedrooms+a flex room and 5 baths, including 2 spacious master suites for unparalleled comfort. A supplementary one-bedroom suite offers income potential while ensuring privacy and a detached double garage. Efficient gas boiler heating and a cozy gas fireplace; recent upgrades include a new Fridge (2023) and a hot water tank (2024). Enjoy easy access to Fraser Hwy and Hwy #1 and nearby shopping, dining, and public transportation. It blends convenience and harmony, surrounded by lush parks, recreational facilities, and all-level schools. Schedule your exclusive viewing today! (id:48205)

5 Bedroom 5 Bathroom 3422
For sale
$1,399,000
2675 ST GALLEN WAY, abbotsford, British Columbia

2675 St Gallen Way

Abbotsford, British Columbia

Perched atop Glen Mountain, this luxurious reverse 2 storey with a walk-out basement offers unrivaled views of the Fraser Valley. The main floor features a gourmet kitchen, family room, and a balcony with panoramic valley and sunset vistas. With 4 bedrooms, a living room, and formal dining, this level epitomizes sophistication. The fully finished basement boasts a unique two-level layout, three bedrooms, a bath, 10' ceilings, and access to an expansive deck. Central A/C, roller awnings, new flooring, and high-end appliances elevate the home. Walking distance to shopping, recreation, and schools, this residence embodies luxury living. Discover opulence in every detail. (id:48205)

7 Bedroom 3 Bathroom 3560
For sale
$1,399,000
33451 WESTBURY AVENUE, abbotsford, British Columbia

33451 Westbury Avenue

Abbotsford, British Columbia

"Attention Investors and Builders! Prime Opportunity in Abbotsford; Explore This Charming 5 Bedroom, 2 Bathroom Rancher with Basement siting on Expansive 9520 sqft lot:- Perfectly Suited for Your Next Home Investment! This Property is located just a short two minute drive to the McCallum interchange off HWY 1. Unlock the Potential of this Generous Plot - Ideal for Crafting Your Vision. Don't Miss Out on This Rare Gem!" (id:48205)

5 Bedroom 2 Bathroom 2318
For sale
$1,399,000
1496 KIMBERLEY STREET, abbotsford, British Columbia

1496 Kimberley Street

Abbotsford, British Columbia

Developer / Investor alert! Location, location, location. This lovely 4 bedroom, 3 bathroom home is in the RS3 zone (OCP Urban 2-Ground oriented) with the potential be re-zoned to the RMR Rowhouse Residential zone. 62 ft frontage on Kimberley St and 118 ft depth; backing onto McCallum Rd. Close to shopping, transit, schools and with mountain views. Upgrades include; quartz countertops throughout, New furnace, Central A/C, On-demand hot water, all new windows. Suite is tenanted so 24 Hour showing notice is required. This potentially could be included in a land assembly for a much larger development project. 3 out buildings and 2 sheds, covered deck. Drone video: https://show.tours/VH0HNJxsHhbvlCVHlSoI (id:48205)

4 Bedroom 3 Bathroom 2271
For sale
$1,399,000
3471 SECHELT TERRACE, abbotsford, British Columbia

3471 Sechelt Terrace

Abbotsford, British Columbia

CORNER LOT!! 6,800 sq ft Lot Area!! 4 levels split home with generously sized 4 bedrooms and 3 baths. This family-oriented neighborhood has a nice Master bedroom that features an ensuite, walk-in closet, and balcony where you can enjoy your morning coffee. Renovated in 2020, Upgrades include a new roof, hot water tank, windows, new fence, fire pit area, and pergola which is perfect for outdoor entertaining. Close to the rotary stadium, shopping, parks, schools, and walking trails makes it the perfect location. (id:48205)

4 Bedroom 3 Bathroom 2427
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About The City of

Abbotsford

Traditionally, Abbotsford was made up of predominantly farmland and the vast majority of the area surrounding Abbotsford still is. However, Abbotsford BC Real Estate has recently undergone some drastic changes, and new home developments have now incorporated an inspiring combination of modern urban style and friendly country living.

Neighborhoods in

Abbotsford

East Abbotsford homes for sale are always in high demand in popular areas like Eagle Mountain, McKee, Whatcom, Auguston, Sandy Hill, Clayburn, and more. Central Abbotsford homes are also growing in demand as young families move into older homes and do their own dream renovation to bring the home up to today’s standards.

Abbotsford homes for sale in areas like Bradner and Sumas Mountain make for a great place to live for people from all walks of life. This area of the Fraser Valley is also an amazing place for those that want to downsize and live a quiet life of retirement, especially those who have recently became empty nesters and would like to move into a rancher style home in Abbotsford.

  • Aberdeen

  • Arnold
  • Auguston
  • Blueridge
  • Bradner
  • Clayburn
  • Clearbrook
  • Downtown
  • Eagle Mountain
  • Gifford
  • Glen Mountain
  • Huntingdon
  • Kilgard
  • Matsqui
  • McKinley Heights
  • Mill Lake
  • Mount Lehman
  • Sandy Hill

Amenities in

Abbotsford

Over the last two decades, the City of Abbotsford has worked in partnership with dozens of park boards, developers, and school districts to further develop Abbotsford into a lively and community-centric city.

The Parks Department of the City of Abbotsford manages several parks, athletic fields, and many recreational and cultural centres that are subsidized through municipal taxes. These programs are developed to ensure that the local residents are engaging in healthy activities and contributing to the cultural growth of the community.

  • Abbotsford Recreation Centre
  • Matsqui Recreation Centre
  • Abbotsford Exhibition Park
  • Mill Lake Park
  • Fishtrap Creek Park
  • Albert Dyck Memorial Park
There are over 50 schools in Abbotsford, from private elementary schools all the way to highly-rated public universities (UFV). With so many educational institutions in town, there is a school for everyone!

  • University of the Fraser Valley (UFV)
  • Mennonite Educational Institute (MEI)
  • W.J. Mouat
  • Robert Bateman
  • Abbotsford Secondary
  • St. John Brebeuf
  • Aberdeen Elementary
  • Matsqui Elementary
Local entrepreneurs, developers, and government boards have been working in direct connection with one another to build out the shopping and entertainment districts of Abbotsford.

  • Highstreet Shopping Centre
  • Sevenoaks Shopping Centre
  • West Oaks Mall
  • Cineplex VIP Cinemas
  • Abbotsford Entertainment Centre
  • Castle Fun Park
The City of Abbotsford has been actively improving the transit accessibility of its community. Historically recognized as a car-dependent city, this community has been at the forefront of improving walkability with recent projects surrounding High Street and Montrose.

  • Uber
  • BC Transit
  • International Airport (YXX)

Economic Stats for

Abbotsford

If you’re thinking about buying a home in Abbotsford, it is important that you consider the economy factors at play and determine whether those trends are inline with a community you want to invest into. Whether you’re a first time homebuyer, long term rental investor, or a family looking to relocate to the Fraser Valley, you should always consider the state of the local economy before purchasing a new property.

As of 2021, the City of Abbotsford has an approximate population of 141,489 people. The population has been growing at a rapid pace of 1.5% per year for well over a decade.
Out of approximately 50,000 households in Abbotsford, the vast majority of families have a household income well between $60,000 to $150,000 or more. While the household incomes are stable, they’re also well above the national median income of $72,000 per year.

Abbotsford’s real estate market continues to steadily rise over the last decade. The FVREB predicts continued growth in real estate prices in all neighbourhoods within Abbotsford.

Abbotsford July 2020 Price Three Year % Change
Detached House $831,600 28.7%
Townhouse $462,800 34.2%
Apartment/Condo $322,200 48.3%

(From MLS® Home Price Index – Fraser Valley Real Estate Board July 2020.)

Residential Property Tax Rate for Abbotsford from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.327%     0.150%       0.504%
2019     0.309%     0.140%       0.474%
2018     0.335%     0.149%       0.513%
There are several large economic drivers in Abbotsford that have a significant impact on the local demographics, income, and culture.

Abbotsford, BC is home to the University of the Fraser Valley (UFV), the Tradex building, and the Abbotsford International Airport, which also hosts the annual Abbotsford International Airshow. Abbotsford also has a relatively new state-of-the-art Hospital and Cancer Centre and this growing Fraser Valley community has some of the most sought-after schools in BC. Abbotsford also enjoys a large amount of Commercial Real Estate, making the city completely self-sufficient and ever ready for expansion and growth.

For those who like to save by going across the border to the US to purchase gas, milk, cheese and common household groceries, Abbotsford is ideally located next to the Canada/US Sumas border making it very convenient to save on some additional living costs.

Rental Potential in

Abbotsford

Investor types need to make sure the numbers on the property make sense in order to properly assess the risk-to-reward. While these numbers are rough estimates, they do provide a starting point for real estate investors to gather information and begin the due diligence process.

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 Abbotsford, you can expect to pay around 0.504% 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.
While the cost of real estate has been steadily rising in Abbotsford for the last several decades, so has the average rents.

According to CMHC, the average rent in Abbotsford has been rising every year. From 2014 to 2019 rents have risen from $768 to $1,045 per month.

Vacancy rates in Abbotsford remained at the lowest levels seen in the last 20+ years. With an average vacancy rate of 0.68% over the last five years.

It is worth mentioning that monthly rents in Abbotsford can vary greatly depending on the neighbourhood, quality of finishings, and the size of the property. A property on Eagle Mountain may demand double the monthly rents compared to a house in Central Abbotsford and vice versa.

Estimated Monthly Rents:

1 Bedroom – $1,100 – $1,300 per month

2 Bedroom – $1,500 – $1,800 per month

3 Bedroom – $2,300 – $2,700 per month