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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
$1,225,000
2887 WOODLAND STREET, abbotsford, British Columbia

2887 Woodland Street

Abbotsford, British Columbia

Welcome to your dream home! This 2553 sq ft gem sits on a spacious 12,025 sq ft green belt lot. Oak inlay hardwood floors grace the main living areas and bedrooms, offering timeless elegance. Updates in 2008 brought a new kitchen with stainless appliances, a furnace, windows, & gas fireplace that provide modern comfort. Enjoy the tranquility of a wide cul-de-sac for easy day walks and the beauty of a large covered deck overlooking a stamped concrete patio and lush backyard. The hot water tank was replaced in 2018. With a huge rec room, large workshop, and 4 bedrooms, this home offers ample space for every need. Park with ease under the single carport. Don't miss the chance to make this lovely property yours! OPEN HOUSE SUNDAY April 28 - 2 to 4 PM (id:48205)

4 Bedroom 2 Bathroom 2553
For sale Open House
$1,220,000
33978 FERN STREET, abbotsford, British Columbia

33978 Fern Street

Abbotsford, British Columbia

Home sweet home - check out the curb appeal on this one! Rancher with walkout basement featuring 2450 SqFt, 4 Bedrooms, 3 Bathrooms and situated on a massive 11,600+ SqFt lot in Central Abbotsford. Ideal floor plan with main floor boasting an open concept & renovated designer kitchen along with 3 Bedrooms and 2 Bathrooms. Deck access off of the kitchen overlooking the serene backyard with a man made pond. Basement offers a large recreation room, laundry and a self contained 1 bedroom income helper! The property has undergone numerous updates throughout including a new roof, windows, hot water tank, plumbing, electrical upgrades, & flooring. Enjoy the spacious outdoor areas both in the front and back yards which are perfect for relaxation or entertaining guests. Tons of parking. Call today! (id:48205)

4 Bedroom 3 Bathroom 2450
For sale
$1,219,900
2242 MOULDSTADE ROAD, abbotsford, British Columbia

2242 Mouldstade Road

Abbotsford, British Columbia

Nestled on a mature quiet street in the center of town, walking distance to all of your favorite spots in downtown Abbotsford. This 2008 built rancher with basement is move in ready! A cute covered porch on this craftsman style home leads you into a comfortable open concept main floor. Enjoy the island kitchen with new quartz counters and penny tile backsplash, opening up to your living room with a cozy gas fireplace. A great layout for entertaining! Two bedrooms flank the main floor, with room for a third downstairs, separate from the suite. The primary bedroom has great space, as well as a large walk in closet and 4 piece ensuite. Down stairs you will appreciate the convenience of a 2 bedroom mortgage helper, with separate laundry for the tenants use and a private covered entry. (id:48205)

4 Bedroom 3 Bathroom 2562
For sale Open House
$1,215,000
2666 STEWART CRESCENT, abbotsford, British Columbia

2666 Stewart Crescent

Abbotsford, British Columbia

This renovated home, just West of Abbotsford East, is ideal for families needing income from a secondary suite or individuals seeking prime development opportunity. Situated in Yale Secondary, William A. Fraser Middle, and École Margaret Stenersen Elementary catchments, it offers educational convenience. Nestled in a park-rich locale, with 4 parks and various recreational facilities nearby, it's perfect for outdoor enthusiasts. Public transit accessibility is superb, with a stop nearby. Spanning nearly a 90'ft frontage, in the RS3-i zone, it's ripe for subdivision and a Development Inquiry Meeting already held with the city. The property boasts contemporary finishes, jet black fixtures, and white accents, appealing to modern tastes! Rare blend of Move-In Ready/Development Potential! (id:48205)

4 Bedroom 2 Bathroom 1919
For sale
$1,215,000
116 4595 SUMAS MOUNTAIN ROAD, abbotsford, British Columbia

116 4595 Sumas Mountain Road

Abbotsford, British Columbia

Greenbelt privacy! Exceptional 4+ bedroom 4 bath home at the end of a culdesac with views of green space on 3 sides! A wonderful safe place for children to play & enjoy the walking trails among the trees! Features expansive 10' main floor ceilings, open plan, lavish primary suite with sitting area on the main floor, designer gourmet kitchen with entertainment-sized island, eating bar, walk-in pantry, smart home remote controlled lighting, large bedrooms, large custom entry doors, 8' interior doors, central air-conditioning & new flooring throughout! The lower level is on a 4' crawl space for storage & is prepared for a 1-bedroom suite with counter-height plugs & RI plumbing for kitchen, separate laundry & private entry. Soak with family & friends in the deluxe hot tub in the private rear yard! 4th driveway parking stall to the right of the garage. A beautiful luxurious home and a rare find! (id:48205)

4 Bedroom 4 Bathroom 2778
For sale
$1,200,000
33490 KIRK AVENUE, abbotsford, British Columbia

33490 Kirk Avenue

Abbotsford, British Columbia

SEE VIRTUAL TOUR! Welcome to this charming three-bedroom, two-bathroom rancher nestled on a spacious CORNER lot (7,373 sqft) in the thriving city of Abbotsford. RS3-infill zoning allows for future possibilities! Currently, the open floor plan provides a seamless flow, perfect for entertaining guests, and has just over 1200 sqft of living space. The galley kitchen features stainless appliances and ample counter space. Retreat to the generous bedrooms; the primary also offers a 4pc ensuite. Each room allows plenty of natural light. Enjoy the convenience of air conditioning. The backyard features endless possibilities for outdoor enjoyment and future development potential. Come with your ideas! (id:48205)

3 Bedroom 2 Bathroom 1203
For sale Open House
$1,200,000
3463 SAANICH STREET, abbotsford, British Columbia

3463 Saanich Street

Abbotsford, British Columbia

Discover the perfect blend of classic charm and modern convenience in this meticulously renovated 1987-built home nestled in West Abbotsford's coveted Fairfield Estates. Boasting a spacious 6000sqft lot and over 2600sqft of living space, this gem offers versatility ideal for a growing family or savvy investor. Embrace the potential for cash flow with a 3-bedroom mortgage helper featuring a separate entry and kitchen, or opt for a 2-bedroom setup to retain more space for yourself. With proximity to top-tier schools, abundant parks, and seamless transit access, this residence epitomizes prime location. Don't miss your chance to secure this rare find; homes of this caliber in Fairfield Estates vanish swiftly. Act now and seize the opportunity before it's gone! (id:48205)

7 Bedroom 4 Bathroom 2781
For sale
$1,200,000
2262 MCCALLUM ROAD, abbotsford, British Columbia

2262 Mccallum Road

Abbotsford, British Columbia

Court order sale, 2 bedroom house of little value, adjacent property also for sale. (id:48205)

2 Bedroom 1 Bathroom 1601
For sale
$1,200,000
2256 MCCALLUM ROAD, abbotsford, British Columbia

2256 Mccallum Road

Abbotsford, British Columbia

Court order sale, 2 bedroom older home, could be purchased with 2 adjacent lots. (id:48205)

2 Bedroom 1 Bathroom 850
For sale Open House
$1,200,000
2871 CROSSLEY DRIVE, abbotsford, British Columbia

2871 Crossley Drive

Abbotsford, British Columbia

Welcome to 2871 Crossley Drive located in a quiet cul-de-dac in the heart of Abbotsford. This home sits on a 7475 sqft lot, featuring 3 bedrooms and 2 bathrooms on the upper level and a brand new 2 bedroom rental suite downstairs. With spacious living spaces and fully renovated in 2019 with a new roof, hot water tank, new garage door, new kitchen cabinets, washer, dryer and laminate floors throughout, it's the perfect home for both first time home buyers and investors. Close to everything you need and easy access to Freeway at Mt. Lehman, you don't want to miss out on this property. Open House May 4 & 5, 2-4PM!!! (id:48205)

5 Bedroom 3 Bathroom 2530
For sale Open House
$1,200,000
2486 ADELAIDE STREET, abbotsford, British Columbia

2486 Adelaide Street

Abbotsford, British Columbia

PRIME LOT (7,700 SQFT LOT) with Urban Residential Zone (RS3), located in West Abbotsford. This solid well kept and maintained property is over 3,000 SQFT living space, with 6 Beds & 4 Baths. Basement contains 2 separate suites with separate entrances, perfect for 2 mortgage helpers and/or an in-law suite!! Good size EAST facing backyard, lot of room for summer gathering with friends and family or to convert into a kids playground. This family home is located in a quiet inside street with an easy access to the highway. Conveniently located near City Centre, hospital, shopping, restaurants, transit, schools and the serene Mill Lake Park. (id:48205)

6 Bedroom 4 Bathroom 3100
For sale
$1,200,000
2601 BLACKHAM DRIVE, abbotsford, British Columbia

2601 Blackham Drive

Abbotsford, British Columbia

Updated 5 bedrm, 3 bathrm family home including a versatile 1 bedrm, 1 bathrm suite at the end of a quiet cul-de-sac! The main living area boasts a welcoming environment for gatherings & everyday living w/ an open-concept great room w/ large windows & dining area that seamlessly flows into the kitchen w/ granite countertops, ample cabinets & a large island. The main floor features 2 nice size bedrooms & the primary suite that has a walk in closet & 4pc ensuite. Downstairs is an additional bedrm/office & laundry. The 1-bedrm, 1-bathrm suite offers flexibility for multi-generational living or rental income potential with its own living area and kitchen! Outside, is a covered patio area & fenced yard! With its convenient central location, you'll enjoy easy access to schools, parks & shopping. (id:48205)

5 Bedroom 3 Bathroom 2593
For sale
$1,200,000
35114 LABURNUM AVENUE, abbotsford, British Columbia

35114 Laburnum Avenue

Abbotsford, British Columbia

WELCOME HOME to this family oriented 5 bed 3 bath mortgage helper basement entry home with a rare 2 bedroom legal suite with separate entrance and it's own laundry. The fabulous renters want to stay and rents for $1440 a month! Awesome location of East Abbotsford. The bright kitchen/eating area leads out to a huge sundeck. Large bright living room, dining room and family room are freshly PAINTED. Enjoy entertaining friends and family in the very private backyard on a green belt. LARGE Primary bedroom with WALK-IN closet and 4 piece ensuite, hardwood floors throughout, heat pump and a double garage. Family friendly neighbourhood, and steps to all levels of schools and transportation. Don't miss this one - book your showing NOW! (id:48205)

5 Bedroom 3 Bathroom 2748
For sale
$1,200,000
33465 HAWTHORNE AVENUE, abbotsford, British Columbia

33465 Hawthorne Avenue

Abbotsford, British Columbia

Situated in the RS3-I infill zoning south of Highway-1 from the McCallum exit, this old timers home offers lucrative possibilities. With schools like Jackson Elementary, Abbotsford Middle, and Abbotsford Senior Secondary nearby, quality education is assured. Enjoy park proximity with Ketch, Hoon, and Keats Parks within a short walk. Transit convenience is unmatched, with stops minutes away. Safety is paramount, with hospitals and emergency services within 1.58km. The property, spanning .22 acres, boasts potential for multi-family duplex zoning or subdivision. Featuring a rancher with basement and a tenanted tiny home, plus a triple car garage/workshop, it's a developer's dream. (id:48205)

3 Bedroom 3 Bathroom 1900
For sale
$1,200,000
34655 BALDWIN ROAD, abbotsford, British Columbia

34655 Baldwin Road

Abbotsford, British Columbia

Built in 1991, this property, with sleek contemporary upgrades, offers lucrative opportunities for cashflow. Featuring three bedrooms with separate living quarters on the main floor, a 2-bedroom suite (total 5-bdrms), and potential for an additional 1-bedroom unit, it's ideal for investors or future homeowners. Nestled in East Abbotsford, it boasts proximity to reputable schools like Yale Secondary and Margaret Stenersen Elementary, ensuring quality education for your kids. Surrounded by Crossley Park and McMillan Park, recreation is at your doorstep. Convenient transit access and a 7200+ sqft lot with duplex potential make this a rare find. Don't miss out - schedule your viewing today! (id:48205)

5 Bedroom 3 Bathroom 2980
For sale Open House
$1,199,999
35790 CANTERBURY AVENUE, abbotsford, British Columbia

35790 Canterbury Avenue

Abbotsford, British Columbia

RANCHER with BREATH TAKING VIEWS!!! - on professionally landscaped 8160 sf lot. The extra-large windows overlook the 180 degree view of Mt. Baker and the valley. Fabulous Great Room w/gas f/pl, custom built-in shelving, island w/granite countertops, newer backsplash, s/s appliances. 3 bdrms & 2 full baths on main, plus 2nd primary room w/ensuite or den/office/loft on upper level. Fiberglass roof, NASCOR insulation, 2 skylights, large south-facing decks with a FANTASTIC views to have your morning coffee or entertaining a dinner. Extras include built-in vacuum, gas/electric stove, wine fridge, truck garage with great work bench, heat/air exchanger, and tons of storage. A rare find! **OPEN HOUSE SAT May 4 from 1:00-3:00pm.** (id:48205)

4 Bedroom 3 Bathroom 2506
For sale
$1,199,999
31745 CHARLOTTE AVENUE, abbotsford, British Columbia

31745 Charlotte Avenue

Abbotsford, British Columbia

Welcome to this spacious 5-bedroom, 3-bathroom home in West Abbotsford! With over 2100 sq. ft of living space and a newly renovated above-ground basement, this property is an excellent investment opportunity that yields over $4700 in rental income. You'll enjoy ample parking and a 12x10 workshop. Both kitchens have stainless steel appliances and separate laundry facilities for each floor. The location is convenient, and close to schools, shops, and restaurants. Book a private tour now to see the full potential of this prime property! $71,000 below Assessment. (id:48205)

5 Bedroom 3 Bathroom 2169
For sale
$1,199,999
2652 SUNNYSIDE STREET, abbotsford, British Columbia

2652 Sunnyside Street

Abbotsford, British Columbia

A charming residence nestled in the heart of Abbotsford, BC. This beautiful home offers a perfect blend of comfort, style, and convenience. This inviting home showcases 5 bedrooms, 3 bathrooms, an extra-large double garage with workshop/storage, a spacious partially enclosed deck, 2 Bedroom + den mortgage helper below. Enjoy the privacy of the backyard, complete with a storage shed. Ideally located near schools, parks, transit, and highway access, this property offers both convenience and tranquility. Don't miss the chance to make this your new home or investment opportunity. (id:48205)

5 Bedroom 3 Bathroom 2713
For sale
$1,199,999
32855 HARWOOD CRESCENT, abbotsford, British Columbia

32855 Harwood Crescent

Abbotsford, British Columbia

Perfect family home in a prime location near schools, shopping, transit & more. 5 bedrooms & 3 baths on a 5982.56 sq ft lot with ample parking and side-by-side garage. Features hardwood floors, new furnace, and windows. Open concept main floor with gas fireplace, leading to a massive covered patio and fenced backyard. Basement includes a bright 2-bedroom mortgage helper. Ideal for families seeking comfort, convenience, and rental potential. (id:48205)

5 Bedroom 3 Bathroom 2160
For sale Open House
$1,199,900
2494 MARCET COURT, abbotsford, British Columbia

2494 Marcet Court

Abbotsford, British Columbia

Discover your suburban dream home, blending contemporary style with family warmth. Recently upgraded, it features a modern kitchen with stainless steel appliances, energy-efficient roofing, windows, and central climate control for year-round comfort. Fresh paint, elegant crown moulding, and high-quality floors add a luxurious touch. The secluded backyard is perfect for relaxation and family time, with a spacious driveway for your vehicles, RV's and toys! The versatile main floor offers potential for guest accommodation or an income suite. Nestled in a vibrant community close to parks, sports facilities, and fine dining, this home is the epitome of active, tranquil living. A harmonious mix of convenience, quality, and eco-consciousness awaits. OH Sat/ Sun May 4th/5th 12-2pm (id:48205)

4 Bedroom 3 Bathroom 2101
For sale Open House
$1,199,900
34707 CHANTRELL PLACE, abbotsford, British Columbia

34707 Chantrell Place

Abbotsford, British Columbia

IMMACULATE CONDITION! Extremely well-maintained family home in the desirable McMillan area of East Abbotsford. Located at the end of a cul-de-sac with views of Mt Baker from your front deck and quiet solitude in your private backyard oasis with large composite deck and spectacular gardens. This clean and crisp floor plan provides tons of brightness in the main living/dining/kitchen area, gas fireplace and high efficiency heat pump/AC. 3 bedrooms up with a Master ensuite plus main bathroom. Fully finished basement has another bedroom and bathroom plus a bonus large rec room w/ fireplace, and laundry area. This is a great family location near schools, shopping, golf, Discovery Trail, parks, Hwy 1, and more. This is the home you have been waiting for. Book your personal showing today! (id:48205)

4 Bedroom 3 Bathroom 2508
For sale Open House
$1,199,900
32097 BALFOUR DRIVE, abbotsford, British Columbia

32097 Balfour Drive

Abbotsford, British Columbia

Discover the epitome of Abbotsford living at Fairfield Estates. This stunningly renovated home boasts 4 bedrooms, 3 full bathrooms, a covered patio, and ample parking for your RV or boat. Recent upgrades include new windows, flooring, paint, kitchen, and bathrooms featuring granite countertops and top-of-the-line appliances. Situated near Exhibition Park and Matsqui Recreation Centre, this property resides in a welcoming neighbourhood within walking distance to prestigious schools such as MEI, WJ Mouat, Clearbrook Elementary, and Gordie Howe Middle School. Don't miss out on this exceptional opportunity! OPEN HOUSE April 28th 2-4pm. (id:48205)

4 Bedroom 3 Bathroom 2833
For sale
$1,199,900
2623 HILL-TOUT STREET, abbotsford, British Columbia

2623 Hill-Tout Street

Abbotsford, British Columbia

Welcome to the popular Sunnyside neighbourhood in West Abbotsford! This 5 Bedroom & 3 Bathroom home is nestled in a quiet area offering the perfect blend of comfort, convenience, and potential. This split level home offers 3 Bedrooms upstairs with a 1 or 2 Bedroom in-law suite downstairs. Many updates throughout including flooring, paint, cabinetry, newer roof, hot water tank, windows and furnace. The expansive 8,656 sq ft lot provides ample room for all of your outdoor activities including a large covered deck to enjoy year round. Tons of parking in the driveway and also a single car garage. With its prime location and sizeable lot, this property presents an opportunity for future development. Located close to all levels of schools, parks, Highway 1, temple, shopping and much more! (id:48205)

5 Bedroom 3 Bathroom 2040
For sale
$1,199,900
32 4217 OLD CLAYBURN ROAD, abbotsford, British Columbia

32 4217 Old Clayburn Road

Abbotsford, British Columbia

A BRAND NEW Home under $1,200,000!Hands down one of the best layouts in the development! This brand new home features high end finishings throughout. The main living area has an open concept thats great for entertaining and leads out to the backyard. Upstairs you'll find 3 bedrooms including a large main bedroom and a laundry room. The basement in this home has its own entry and is the perfect setup for families or anyone looking for some extra space. The large Rec Room is the perfect space for a movie night! All the appliances are high end and included in the purchase price. Walking distance to all levels of school and a short drive to all major amenities and commuting routes. This is your next home! (id:48205)

4 Bedroom 4 Bathroom 3064
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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