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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
$1,199,000
36725 CARL CREEK CRESCENT, abbotsford, British Columbia

36725 Carl Creek Crescent

Abbotsford, British Columbia

Looking for a new modern home, with an open floorplan and floor to ceiling windows, we have the perfect place for you! This home is located in a new subdivision of 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, and with a state of the art kitchen leading to the back patio. The open floorplan 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 two bedrooms plus laundry. In the basement, you have two-bedroom, a laundry with a separate entry. (id:48205)

5 Bedroom 4 Bathroom 2625
For sale
$1,199,000
2102 ENDERBY STREET, abbotsford, British Columbia

2102 Enderby Street

Abbotsford, British Columbia

This lovely home located on a quiet cul-de-sac has room for the whole family and then some! If you are looking for extra room for extended family, foreign students, or a nanny this is the house for you! This split-level house is waiting for a big family to move straight in. The tastefully updated property has just been freshly painted. You will appreciate the new carpet, laminate flooring, lighting, mirrors, faucets, quartz countertops throughout, & a new deck all just finished. Last year the exterior was freshly painted. It is centrally located close to the border, shopping, restaurants, Abbotsford rec center, bus routes, Hwy 1, elementary, middle & high schools. Bring your family, & imagine relaxing in the secluded backyard under the covered patio & start planning your summer barbeques! (id:48205)

6 Bedroom 3 Bathroom 3259
For sale
$1,199,000
2073 MAJESTIC CRESCENT, abbotsford, British Columbia

2073 Majestic Crescent

Abbotsford, British Columbia

Welcome to a prime investment opportunity! Calling all investors, developers/builders. This property presents an exceptional chance to capitalize on its potential. Situated in a desirable neighborhood near Mill Lake, this home offers a promising canvas for those looking to develop/expand (Check with City for approval). Upon entering, you'll find a well appointed home with 3 beds and 1 bath upstairs, Additionally, the lower level features a 1 bed, 1 bathroom unauthorized suite, providing potential rental income. The expansive rec room on the lower level offers even more flexibility, and can be utilized by either the upstairs or downstairs occupants. Equipped with amenities such as hot water on demand and central air conditioning, this residence ensures year-round comfort for large families (id:48205)

4 Bedroom 2 Bathroom 2140
For sale
$1,199,000
1910 MCKENZIE ROAD, abbotsford, British Columbia

1910 Mckenzie Road

Abbotsford, British Columbia

This is a great opportunity to own a piece of land that is PLA approved for a 2 lot subdivision. This 9000 sq ft lot is ready for services, with TELUS and HYDRO plans already in place. Each lot will be 4500 sq ft, making this an ideal investment for anyone looking to build their dream home or for investors looking to capitalize on the booming real estate market. Currently vacant easy to show. Located near Highway 1, shopping and restaurants, this lot is perfectly situated for easy access to everything you need. Don't miss out on this chance to own a piece of prime real estate! (id:48205)

3 Bedroom 1 Bathroom 1888
For sale
$1,198,800
108 4001 OLD CLAYBURN ROAD, abbotsford, British Columbia

108 4001 Old Clayburn Road

Abbotsford, British Columbia

Cedar Springs! Gorgeous end unit Rancher with full walkout basement. Nothing to do! Totally renovated over last few years. Bright and immaculate. New roof! Downstairs, with kitchen, is set up for multi generational living, perfect for inlaws or other family, or excellent space for Theatre room/ man cave? Arguably the best location in the complex as this unit backs onto pond and water fountains. Lots of guest parking beside this unit with double garage. Air conditioning! Entertain in style on massive 25x9 deck overlooking pond and fountains. Very private. Clubhouse with huge pool, hot tub, exercise room, billiards and more. Gated complex with walking trails throughout. No age restrictions bring kids and pets! (id:48205)

3 Bedroom 3 Bathroom 2821
For sale Open House
$1,198,000
35118 MORGAN WAY, abbotsford, British Columbia

35118 Morgan Way

Abbotsford, British Columbia

The one you've been waiting for is here! Well kept home in a quiet cul-de-sac setting, huge lot-11,543sqft w detached shop/double garage in a great neighborhood! This split entry 4 bedroom, 2 bathroom home is just over 1,800 sqft in size. 3 bedrooms upstairs on the main with a full 4 pc bathroom. Fully renovated kitchen with high end appliances opens up to your dining, living room and onto your very expansive huge sundeck overlooking the massive back yard space, also offering a huge storage area underneath! Downstairs, another bedroom, nice size rec room and 3pc bath. Newer high eff. furnace w heat pump and central A/C! Back yard, huge, a detached 28 x 26 fully functional insulated, heated shop with 220amp power and room for your RV etc outside! It's all here, waiting for you!! (id:48205)

4 Bedroom 2 Bathroom 1810
For sale
$1,198,000
2320 RIDGEWAY STREET, abbotsford, British Columbia

2320 Ridgeway Street

Abbotsford, British Columbia

Move in Ready and/or Build bigger dream home, join in a neighborhood of new builts! Over 7000 sqft lot. 2 level, upstairs with spacious open living dining room, private kitchen, 2 generous size bedrooms (could add 3rd). Basement has massive living room, laundry room, 2 beds (could add 3rd), separate entrance, suite potential! Single car garage, with plenty of street parking. Spacious backyard with balcony to entertain with sight of gorgeous mountain views. Convenient location, Mill Park Hospital, Domick Park Elementary School, shops, mall and access to Highway. MMA Ice Rink and Tennis Court at rear.. (id:48205)

4 Bedroom 2 Bathroom 2288
For sale
$1,190,000
2592 MITCHELL STREET, abbotsford, British Columbia

2592 Mitchell Street

Abbotsford, British Columbia

**BEST LOCATION IN WEST ABBOTSFORD** The main level features 3 LARGE BEDROOMS, living room with GAS FIREPLACE, a master bedroom with WALK-IN CLOSET and 3pc ENSUITE, as well as a HUGE 180 SqFt DECK overlooking a FENCED BACKYARD with NO REAR NEIGHBOR. Downstairs, you will find a LARGE 1 BEDROOM SUITE, perfect for the in-laws or as a MORTGAGE HELPER. Looking for a place to PARK YOUR TOYS?! With plenty of room for RV and BOAT PARKING, as well as drive-in access to the backyard, you need not look any further. Don't miss this fantastic family home located at the end of a quiet NO-THRU ROAD in West Abbotsford. Great location, close to parks, schools, shopping, and easy access to HWY 1 & HWY 11. Call today to arrange a showing (id:48205)

4 Bedroom 3 Bathroom 1951
For sale
$1,189,900
34580 MERLIN DRIVE, abbotsford, British Columbia

34580 Merlin Drive

Abbotsford, British Columbia

Exciting opportunity awaits first-time homebuyers and investors alike! This 6-bedroom, 3-bathroom residence is strategically situated in a prime location, offering proximity to all levels of schools. Boasting a convenient 2-bedroom legal suite, ideal for guests or generating additional income, with the potential for a second 1-bedroom suite. Check with City of Abbotsford for possibility of sub-diving. This property also features ample RV parking, a private fenced yard perfect for families with children, and is conveniently close to shopping, recreation centres, and offers easy highway access. Don't miss out on this fantastic chance! Call now for further details. (id:48205)

6 Bedroom 3 Bathroom 2808
For sale
$1,189,000
32826 HARWOOD PLACE, abbotsford, British Columbia

32826 Harwood Place

Abbotsford, British Columbia

This beautiful home in a quiet Cul-de-sac features 4 bedrooms/ 3 bathrooms & a nice backyard for outdoor entertaining or relaxation. Main floor has 3 BDRM, 2 BATH with an ensuite & walk-in closet in the master. Basement has a bright rec room, and a walk out 1 BDRM Legal Suite as a MORTGAGE HELPER. Close to schools, shopping, recreation, and easy access to freeway. Don't miss your chance to own this exceptional property that offers the perfect blend of comfort, convenience, and charm. (id:48205)

4 Bedroom 3 Bathroom 2159
For sale
$1,187,000
4310 STEPHEN LEACOCK DRIVE, abbotsford, British Columbia

4310 Stephen Leacock Drive

Abbotsford, British Columbia

FANTASTIC 5 bdrm, 4 bath - 2 Storey w/bsmt home w/detached double garage & lane access in popular AUGUSTON neighbourhood. Great room layout, 10 ft ceilings, separate dining area, gourmet kitchen w/New stainless appliances, gas range & oversized island perfect for entertaining and central A/C. Quartz counters throughout, upgraded lighting, 2" faux wood blinds, large closets in all bedrooms and a spa like master bdrm with a 10x7 walk-in with custom organizers. Auguston is one of the best family areas in Abby, walking distance to highly rated Traditional Elementary, walking trails, park space and the grass picnic area with water park right across the street.....BASEMENT has 2 Bdrms 4 piece bath separate entrance & is SUITE READY if needed!! (id:48205)

5 Bedroom 4 Bathroom 2760
For sale Open House
$1,185,000
32705 OKANAGAN DRIVE, abbotsford, British Columbia

32705 Okanagan Drive

Abbotsford, British Columbia

Step into the welcoming 5-bed, 3-bath home. Pride of ownership will be evident throughout, with a newer kitchen & high efficiency furnace. You'll love the location backing onto Gladwin Park, close to Rotary Stadium, discovery trail dog park, schools and shopping. Upgraded appliances are all newer stainless steel on the main floor. This home also has space for R.V parking, mountain views from the back deck, a gazebo with hot tub and access to Gladwin Park from your backyard. An additional unauthorized suite presents a potential mortgage-helper. A must see before its gone. (id:48205)

5 Bedroom 3 Bathroom 1938
For sale
$1,180,000
32595 GEORGE FERGUSON WAY, abbotsford, British Columbia

32595 George Ferguson Way

Abbotsford, British Columbia

OPEN HOUSE: FEB 10/11 2-4PM. Attention Developers/Investors! Presenting an exceptional 2-storey, centrally located residence in a highly sought-after area of Abbotsford. This recently renovated home offers seamless access to key amenities, including Hwy 1, Business Plazas, Seven Oaks Shopping Center, and renowned schools. The lower level showcases a suite with 2 bedrooms and a full bath, while the main floor above boasts 4 bedrooms and 2 baths, ensuring ample space for comfortable living. Future OCP is Urban Infill please check with city for rezoning options and for future land development options. Seize this golden opportunity, as a motivated seller eagerly awaits your offer! (id:48205)

6 Bedroom 4 Bathroom 1940
For sale Open House
$1,179,900
35882 EAGLECREST DRIVE, abbotsford, British Columbia

35882 Eaglecrest Drive

Abbotsford, British Columbia

Come check out this beautiful 4 bedroom plus den + 3 bath, 4 level split in Mountain Village. This home is in excellent condition & is move-in ready! Features include a bright & spacious living room with gas fireplace open to the dining area. The oak kitchen has updated stainless appliances with eating area & overlooks a family room with gas fireplace & private backyard with doors to the deck, perfect for hosting summer BBQs! Den, laundry & powder room are also on this level. The 3 bedrooms are on the top level, the primary featuring a 3 piece ensuite, walk-in closet, and private deck with view of Mt. Baker & the valley. The basement offers a bedroom, a large rec room with gas fireplace and lots of room for entertaining and storage. You won't want to miss this one! (id:48205)

4 Bedroom 3 Bathroom 2547
For sale
$1,179,900
3847 LINDSAY STREET, abbotsford, British Columbia

3847 Lindsay Street

Abbotsford, British Columbia

Just Listed and will not last, is this beautiful renovated family home in one of Central Abbotsford's sought after neighborhoods, tucked away yet walking distance to parks, schools including French Immersion & transit. This neighborhood offers a safe feeling with a mix of long time retired owners and younger families. Close to shops & Abbotsford Exhibition Park. This lovely home offers 3 bdrms up with a spacious mstr bdrm with a charming private deck & 2 piece ensuite. 2 bdrms down with cozy Family rm full of natural light. You'll love the oversized updated Kitchen with deck off dining rm over looking beautiful park like backyard. Features include wood burning fireplace, All new windows & Patio doors, Updated Plumbing, (id:48205)

5 Bedroom 4 Bathroom 2200
For sale
$1,175,000
2071 MAJESTIC CRESCENT, abbotsford, British Columbia

2071 Majestic Crescent

Abbotsford, British Columbia

Opportunity At Its Finest! Whether you are an investor, First time buyer, or a developer/builder this property is one you will want to check out. If you are looking to develop be sure to check with the city regarding zoning etc. This 4 bed, 2bath suited home is on a large flat lot that is part of the Urban infill. The property is located in a cul-de-sac that is close to all amenities. The hospital is 5 minutes away and you are less than that to get on to the freeway. These types of properties are getting snatched up fast don't miss your chance to get this one. . Be sure to have your realtor reach out as soon as possible so you don't miss your opportunity on this property! (id:48205)

4 Bedroom 2 Bathroom 2184
For sale
$1,175,000
3537 WALDEN STREET, abbotsford, British Columbia

3537 Walden Street

Abbotsford, British Columbia

Great family home in this quiet, desirable, east Abby location. Only a stone's throw away from Bateman Park, this unique 4 bedroom, 2 bath home with solid hardwood floors, has been lovingly maintained and nicely updated over the years. With the westerly exposed backyard, you will be treated to spectacular sunsets and mountain vistas from the covered deck, or as you watch the kids play from the panoramic kitchen windows. There is plenty of room downstairs with more bedrooms and a large tribe sized rec room with outdoor access. Allow yourself to be spoiled with 21ft above ground pool, entertainment deck, magnolia tree and veggie garden. Vehicle access to backyard and RV parking. Bonus room in garage works for office or workout area. Walking distance to all levels of schools. (id:48205)

4 Bedroom 2 Bathroom 2274
For sale
$1,175,000
33137 CAPRI COURT, abbotsford, British Columbia

33137 Capri Court

Abbotsford, British Columbia

First time buyers, investors and developer alert!! Remodeled to perfection! This beautiful home is located close to school, University of Fraser and easy highway access in one of the prime location, this two-story, well-maintained and renovated home offers 3 bedrooms, 1.5 bathrooms on the main floor. The downstairs has spacious 2 bedroom and 1 bath suite with separate entrance, here are just a few of its wonderful features new kitchen cabinets, stainless steel sink, modern quartz countertop, wood flooring, remodeled bathrooms, freshly painted large backyard, and so much more. (id:48205)

5 Bedroom 3 Bathroom 2170
For sale
$1,174,888
2396 FARRANT CRESCENT, abbotsford, British Columbia

2396 Farrant Crescent

Abbotsford, British Columbia

Welcome to your new beginning. Designed with meticulous attention to detail, this impressive updated 4 level split home is the perfect combination of modern comfort & style. It features 4 bedrooms, 3 bathrooms, 2,698 sq.ft. of beautifully crafted living space, contemporary finishings throughout, open-concept floor plan, high-end appliances, spacious covered patio & 1 bed suite which is a great mortgage helper making this home the perfect investment. Step outside to your own private oasis, a carefully landscaped & fully fenced backyard! Nestled in a peaceful family friendly neighborhood conveniently situated near schools, parks, shopping, recreation, transit, Hwy. 1 & all amenities you need for everyday living! Make this your forever home, move in TODAY!!! (id:48205)

4 Bedroom 3 Bathroom 2698
For sale
$1,170,000
34232 CEDAR AVENUE, abbotsford, British Columbia

34232 Cedar Avenue

Abbotsford, British Columbia

Indulge in the vast potential of this expansive 1/4-acre lot, nestled in a sought-after central location. With a 5-bedroom, 2-bathroom residence awaiting your personal touch, this property offers endless possibilities. Highlights include a generously oversized backyard, complete with mature trees and a fully fenced yard. Creating the perfect canvas for your dream outdoor retreat. Conveniently located near shopping, schools, and recreation, with easy access to major highways, this property is an ideal opportunity to craft the perfect home in a desirable setting. Perfect for the savvy investor or the upgrader wanting their own yard with room for everyone, A/C and a mortgage helper it has it all. Check it out today! (id:48205)

5 Bedroom 2 Bathroom 2266
For sale Open House
$1,169,999
34869 EVERETT DRIVE, abbotsford, British Columbia

34869 Everett Drive

Abbotsford, British Columbia

Everett Estates, escape the hustle and bustle of city life and indulge in a tranquil retreat. Charming 2900 sqft. rancher, nestled in E. Abby, home is located in a serene oasis amidst lush greenery, manicured landscaping all in a park like setting. Inside, you'll find a stunning open-concept, beautiful kitchen. master with enste. engineered hardwood thru, two cozy additional bedrooms bathed in natural light .NEW ROOF 2019, NEW HW TANK THIS YEAR, Backyard is a inviting in a peaceful setting for family and friends on a 557 sqft. concrete patio perfect for sipping your morning coffee. Home is suitable for a mortgage helper. Enjoy the added convenience of RV, inground irrigation system, take advantage of the prime location, close to gyms, restaurant, great schools. OPEN HOUSE SAT SUN 1-3 (id:48205)

3 Bedroom 3 Bathroom 2969
For sale
$1,169,900
34929 HIGH DRIVE, abbotsford, British Columbia

34929 High Drive

Abbotsford, British Columbia

Impeccably kept, this spacious 5-bedroom residence sits on a generous lot boasting an 85-foot frontage, aligning with OCP Urban 4 Detached zoning (Potential for 4 units as per new provincial rules). Breath taking view from the back of the house. Numerous updates throughout the years include renovated kitchen cabinets, windows, laminate flooring, light fixtures, furnace, and contemporary blinds. Conveniently located near the Discovery Trail and within close proximity to all levels of schooling. (id:48205)

5 Bedroom 2 Bathroom 2156
For sale
$1,165,000
35331 SANDY HILL ROAD, abbotsford, British Columbia

35331 Sandy Hill Road

Abbotsford, British Columbia

Fantastic family home in sought-after Sandy Hill area, located just minutes from all levels of top-rated schools! This home has space for the whole family with 5 bedrooms and 3 full bathrooms, spacious living room upstairs with tons of natural light, large rec room with wet bar in the basement with the option to use it as an in-law suite, and a double garage. Updates include flooring, appliances, hot water tank and retaining walls. Enjoy the large southwest facing balcony in the front or the deck in your private backyard! Pride of ownership is evident throughout! Book your private showing today! (id:48205)

5 Bedroom 3 Bathroom 2323
For sale Open House
$1,160,000
32679 HAIDA DRIVE, abbotsford, British Columbia

32679 Haida Drive

Abbotsford, British Columbia

THE PERFECT RANCHER to downsize with incredible privacy. Well maintained home on a corner lot. Recent Updates Include laminate flooring(2018), S/S appliances(2016), hot water tank(2019), washer/dryer(2019), quartz countertops(2020) roof(2010), garage door(2017), replaced poly-B(2021) and gas hookup for BBQ great for entertaining in your private back yard and gazebo covered patio. The home features lots of natural light with a massive ensuite. Close to schools, shopping and situated for easy commute in every direction. (id:48205)

3 Bedroom 2 Bathroom 1575
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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