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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
$1,248,888
2084 WILEROSE STREET, abbotsford, British Columbia

2084 Wilerose Street

Abbotsford, British Columbia

Beautiful home with a LEGAL suite on flat 7722 sqft lot (66 feet and 117 feet) ! Some of the features of this gorgeous 4 bedroom/3 bathroom plus oversize family room downstairs home include a spacious open concept floor plan that is great for families and entertaining, Well kept kitchen, flooring, bathrooms, fireplace and more, an oversized family room downstairs, separate laundry for the suite, parking for 6 vehicles plus room for your RV, covered deck and a large flat private fenced back yard. Centrally located on a quiet street this home is walking distance to the McCallum Junction, Sevenoaks Mall, Abbotsford Hospital, Mill Lake, all levels of schools and a short drive to Highway #1 (id:48205)

4 Bedroom 3 Bathroom 2702
For sale
$1,245,000
3275 FIRHILL DRIVE, abbotsford, British Columbia

3275 Firhill Drive

Abbotsford, British Columbia

BEST LOCATION IN WEST ABBOTSFORD! Well kept home in a very desirable area of West Abbotsford! , this BEAUTIFUL updated RANCHER with FULL finished basement is close to all levels of schools, parks, highway access, shopping, recreation and the High Street Mall. (id:48205)

6 Bedroom 3 Bathroom 3083
For sale
$1,245,000
36689 DIANNE BROOK AVENUE, abbotsford, British Columbia

36689 Dianne Brook Avenue

Abbotsford, British Columbia

Welcome to beautiful Sumas Mountain! This stunning 5 bedroom, 4 bathroom corner home is situated in one of East Abbotsford's pristine hillsides. Open kitchen and living room concept including S/S appliances, gas range, large quartz island. Upstairs features a primary bedroom with a large walk-in closet, luxurious ensuite bathroom with double sinks. Two additional bedrooms with 2 patio's! Downstairs features a fully finished basement with two bedrooms, a 4 piece bathroom and a second laundry room, and roughed in for a kitchen. This home is a must see as it is situated in a great family friendly neighborhood in the mountains. Only minutes to Hwy 1 and all amenities. (id:48205)

5 Bedroom 4 Bathroom 2479
For sale
$1,229,999
2358 BEVAN CRESCENT, abbotsford, British Columbia

2358 Bevan Crescent

Abbotsford, British Columbia

Welcome to 2358 Bevan Crescent, the perfect haven for first-time homebuyers, young couples, or savvy investors. This charming split-entry detached home in Central Abbotsford boasts 4 spacious bedrooms, 3 bathrooms, and 2,508 sqft of living space. Enjoy the benefits of a basement suite, ideal for rental income, with a versatile den that can serve as a second bedroom. The fenced yard is perfect for relaxation or play. With a double car garage and four additional parking spots in the drivesay, convenience is key. Walk to all three levels of schools, Mill Lake Park, shopping, and recreation, or hop on nearby transit and highways. Embrace comfort with air conditioning and a high walkability score in this prime location. (id:48205)

4 Bedroom 3 Bathroom 2508 sqft
For sale
$1,229,900
2544 CAMPBELL AVENUE, abbotsford, British Columbia

2544 Campbell Avenue

Abbotsford, British Columbia

4 STRATIFIED UNIT CAPACITY with rezoning NOW! Attention Investors & Builders! Secure this golden opportunity in Central Abbotsford! Explore the potential of this well-maintained 3 Bed, 1 Bath, 1,464 SqFt Rancher with basement, on a 7,850 SqFt lot with LANEWAY ACCESS. The property boasts a detached workshop with 220V power, perfect for your hobbies & storage. Benefit from accelerated development timelines, courtesy of recent provincial legislation, ensuring a quicker completion of your project. Neighbouring lots have already initiated their developments. Located in a high-density area with URBAN 2 - GROUND ORIENTED OCP, this property opens doors to multiplex or townhome possibilities. Perfect for max rental income as it's near all levels of schools. FSR is upto 1.5. Untapped potential here! (id:48205)

3 Bedroom 1 Bathroom 1467 sqft
For sale
$1,229,900
3038 MCMILLAN ROAD, abbotsford, British Columbia

3038 Mcmillan Road

Abbotsford, British Columbia

Meticulously renovated East Abby gem w/stunning backyard & spacious mortgage-helper suite. Main floor features hardwood flooring, fresh paint, new trim, & updated lighting. Backyard transformation in 2023 introduces covered deck & outdoor kitchen, sundeck, and enhanced retaining walls. Essential upgrades include a new elec panel, new doors & soundproof windows, plumbing, furnace, h/w tank, & central A/C. Primary bed boasts 3-pc ensuite, his/hers closets, & space for king bed. Main bath charmingly updated! Kitchen is highlight w/quartz counters, upgraded appliances, custom cabinets, & bay window overlooking landscaped backyard. Downstairs, foyer is tastefully updated, laundry features updated washer/dryer, & unauth suite w/separate entry is sure to delight. Don't miss this one, call today! (id:48205)

3 Bedroom 3 Bathroom 2244
For sale
$1,229,000
33699 LINCOLN ROAD, abbotsford, British Columbia

33699 Lincoln Road

Abbotsford, British Columbia

Welcome Home to Lincoln Road! This 3 bed, 2 bath rancher w/ basement is ready for all of your ideas! Featuring plenty of living space upstairs whether you relax in the cozy living room with the fire on, have a wonderful dinner in the dining area or spend time cooking in the spacious kitchen there is space for all of your entertaining & living needs. From the kitchen you walk out to a covered patio overlooking your large plentiful backyard with fruit trees & space to enjoy all year round. Downstairs you'll find 1,300 sqft of space ready for continued upstairs living or potential for income generation. On almost a 9,400 sqft lot you are making an investment in the future potential of the house/property. Walking distance to shopping, transit & restaurants, this one is a must see! Call today! (id:48205)

3 Bedroom 2 Bathroom 2436
For sale
$1,225,000
35475 CALGARY AVENUE, abbotsford, British Columbia

35475 Calgary Avenue

Abbotsford, British Columbia

Spotless, turn key, and in one of the nicest locations in East Abby! This spacious 4 bed, 3 bath home is conveniently located on a quiet street in the Sandy Hill neighbourhood making it close to schools, shopping and commuter arteries. Inside this home has had some updates including modern flooring, paint, appliances and a huge deck for entertaining. The back yard is private and offers a lower covered patio as well. The 1 bedroom mortgage helper has a side entrance ensuring exclusive use of the rear yard is for you and you alone! Call today to arrange a private viewing. (id:48205)

4 Bedroom 3 Bathroom 2585 sqft
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 sqft
For sale
$1,209,900
16 35706 MARSHALL ROAD, abbotsford, British Columbia

16 35706 Marshall Road

Abbotsford, British Columbia

Grovemont is a community of 190-4 bedroom, steel framed, rooftop patio townhomes situated on Sumas Mountain with views of surrounding natural woodlands. Built by Mann Group, a well-established local developer. Grovemont is unique as there is a higher level of Spec throughout the home that gives a much more elevated feel. Integrated Fisher & Paykel/Bosh appliances, quartz countertops throughout/ waterfall island, Pot filler above the gas stove, staircase lighting, electric fireplace surrounded with shiplap accent wall, roughed-in central vacuum, gas hook up for firepit and BBQ, 220 volt for electric vehicle charging, forced air gas furnace & central AC. This home is a 2658sf, 3 story duplex style townhome with a rooftop patio. Sales Centre located at #13-35706 Marshall Rd. Abbotsford. (id:48205)

4 Bedroom 4 Bathroom 2658
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 sqft
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 sqft
For sale
$1,200,000
2572 ZURICH DRIVE, abbotsford, British Columbia

2572 Zurich Drive

Abbotsford, British Columbia

Million Dollar 180 degree SOUTH WEST VIEWS (panoramic). You can even see Vancouver Island from here. It's an Architecturally Designed California Style house (METICULOUSLY MAINTAINED) on GLENN MOUNTAIN with 2-stories-tall Palladian Windows, letting in loads of light, and a roughed-in ELEVATOR shaft to all levels. There are 4 balconies facing the view, including a SOLARIUM. This house has a MASTER BEDROOM ON THE MAIN FLOOR within, what could be a Nanny Quarters set-up. (or a SIDE SUITE with a sink only), and ready for your ideas; could be made into a MORTGAGE HELPER. Also has a second master bedroom upstairs featuring a Jacuzzi Tub, a Stand-up Shower, and has his/hers separate closets (hers is a walk-in) and laundry room conveniently next room over. (id:48205)

3 Bedroom 4 Bathroom 3627 sqft
For sale
$1,200,000
2153 DOLPHIN CRESCENT, abbotsford, British Columbia

2153 Dolphin Crescent

Abbotsford, British Columbia

Discover your slice of tranquility in West Abbotsford! This charming Old Timers Home sits on an expansive 7500+sqft lot, boasting a walkout basement suite and a spacious workshop, ideal for unleashing your creativity. Recent upgrades include a newer roof, furnace, and central A/C, ensuring comfort year-round. Step onto the covered west-facing sundeck, perfect for soaking in breathtaking sunsets. The level garden area with a quaint garden shed creates a lush oasis. With dimensions of 75x100, the lot offers ample space for a 3-level home with a walkout basement suite, or consider the potential to subdivide per OCP Urban infill 3 guidelines. Seize this opportunity today - schedule your showing now! (id:48205)

4 Bedroom 2 Bathroom 2925 sqft
For sale
$1,200,000
35387 DELAIR ROAD, abbotsford, British Columbia

35387 Delair Road

Abbotsford, British Columbia

This back lane 2-story beautifully renovated home with great future potential has 5 bedrooms and 3 bathrooms on a 7135-square-foot lot at one of the best locations in East Abbotsford.The main level has three spacious bedrooms with two full bathrooms,an open-concept living room,a huge family room, and a kitchen on the main floor. The basement level has a 2-bedroom basement suite as a mortgage helper. Potential to add one more room!!! This property has a spacious driveway and storage shed in the backyard.Ready to move home with a spacious floor plan, house has been renovated with updated new lights, flooring and paint etc . 2 minute walk to public transit and a 5-10 minute drive to parks, grocery stores, restaurants, shopping malls, and elementary and secondary schools. Easy to show. (id:48205)

5 Bedroom 3 Bathroom 2688 sqft
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
$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
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. (id:48205)

5 Bedroom 3 Bathroom 2530
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
$1,199,999
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)

6 Bedroom 3 Bathroom 2169 sqft
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, 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
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
$1,199,900
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 sqft
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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