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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
$1,249,000
35872 HEATHERSTONE PLACE, abbotsford, British Columbia

35872 Heatherstone Place

Abbotsford, British Columbia

Newly renovated beautiful family home, located in a highly sought-after neighborhood in Abbotsford East. This well maintained home has amazing mountain views, 4 bedrooms and a den, 4 upgraded bathrooms, and an upgraded kitchen with eating bar and granite countertops, S/S appliances, dining/pantry, living and den on main floor show functional layout. New laminate flooring on all floors. Master bedroom with 4pc large ensuite, plus 2 bedrooms upstairs. A large family room off the kitchen with doors to fully fenced backyard, a huge 8945 sq. ft. lot with a fully finished suite with separate entrance (1 bedroom, 1 bathroom, kitchen) with in-suite laundry. Plenty of storage & a huge backyard. Walking distance to Mountain Elementary. Excellent home for your family! (id:48205)

4 Bedroom 4 Bathroom 2530 sqft
For sale
$1,249,000
32868 HARWOOD PLACE, abbotsford, British Columbia

32868 Harwood Place

Abbotsford, British Columbia

OPEN HOUSE SAT/SUN, JUNE 22/23 2 PM -4 PM. IDEAL LOCATION!! "You will love this delightful 2-story, basement entry home on approx. 9600 sqft lot (59.50 x 160.5 sqft) with more than 2650 covered area. This house features 6 bedrooms, a double garage, and an RV parking family home on a dead-end street, super location. Nicely updated new paint, new tile floor in both kitchen, appliances, and many more. This home offers a lit 3 BR, family room, laundry, 2 baths on main, 2 BR legal suite with separate entry & laundry set in the basement. Rec room & full bath for upstairs occupant use but optional. Close to the Rotary Stadium, shopping, parks, schools, and walking trails make it the perfect location. (id:48205)

5 Bedroom 4 Bathroom 2652 sqft
For sale
$1,249,000
36769 DIANNE BROOK AVENUE, abbotsford, British Columbia

36769 Dianne Brook Avenue

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, laundry completed 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 two bedrooms. In the basement you have Two bedrooms, Living room and a Laundry with a separate entry. Open House on Saturday and Sunday June 1st and 2nd 1-3 Open House March 16,2024 12-2pm March 17,2024 1-3pm (id:48205)

6 Bedroom 4 Bathroom 2682 sqft
For sale
$1,249,000
2763 ST MORITZ WAY, abbotsford, British Columbia

2763 St Moritz Way

Abbotsford, British Columbia

WOW! Beautiful large home in popular Glen Mountain with lots of natural light throughout the home. The living room has high vaulted floor to ceiling and a cozy gas fireplace. Enjoy the amazing view of the mountains which is perfect for entertaining from any of your two large balconies. Stainless steel appliances in the kitchen that overlooks the spectacular view. This very well cared for home offers 4 bedrooms, 3 washrooms, 3 family rooms and 2 dens which can be converted into bedrooms. Sitting on a massive 18,433 sq ft lot, the yard is easy to maintain and comes with a covered front outdoor private patios space. There are 7 outdoor parking spots and 2 covered spaces in the double garage. Roof, gutters and downspouts all brand new within the last year. Call now for your private viewing! (id:48205)

4 Bedroom 3 Bathroom 3128 sqft
For sale
$1,249,000
2595 WHATCOM PLACE, abbotsford, British Columbia

2595 Whatcom Place

Abbotsford, British Columbia

This beautiful 5-bedroom, 3-bathroom home on a corner lot is perfect for a growing family. The desirable central location places you close to all amenities and provides easy access to the highway for commuting. Plus, this property offers a 1-bedroom, 1-bathroom legal suite, complete with its own separate laundry and entrance - ideal for generating rental income or providing a comfortable space for in-laws. Bright and airy with ample natural light, this spacious home offers everything you need in a central location! Don't miss out on this fantastic opportunity - call today to schedule your private viewing. (id:48205)

5 Bedroom 3 Bathroom 2484 sqft
For sale
$1,249,000
30852 E OSPREY DRIVE, abbotsford, British Columbia

30852 E Osprey Drive

Abbotsford, British Columbia

This house is a real beauty in a fantastic quiet neighborhood, close to great schools at all three levels and the Sikh Temple. Easy freeway access without the noise. Walking distance to mall. Loads of room in the basement for family. Well maintained home with easy walk out access to the backyard that has mature plants and garden shed for your convivence. Landscaping in front and side of home has been updated. Loads of parking. Heat pump and air condition. (id:48205)

4 Bedroom 3 Bathroom 2540 sqft
For sale
$1,249,000
33794 MAYFAIR AVENUE, abbotsford, British Columbia

33794 Mayfair Avenue

Abbotsford, British Columbia

Three level split 4 bedroom 2 Bathroom home is ready to move. Large 12000+ sqft lot with future great future potential. Central location, close to Freeway, Shopping. New paint, new flooring. Great for investors. (id:48205)

4 Bedroom 2 Bathroom 1626 sqft
For sale
$1,249,000
2074 MAJESTIC CRESCENT, abbotsford, British Columbia

2074 Majestic Crescent

Abbotsford, British Columbia

Fully renovated split entry home in a desirable Central/west Abbotsford area! This 3 bedroom on main floor with 2 bedroom suite Home on a 2,200 sq.ft. is in the City's Urban Infill 3 designation, perfect opportunity to subdivide into 2 lots! Live in it now and develop in the future. Prime location near Mill Lake Park, Steps away from Abbotsford Hospital and couple minutes away from Freeway entrance. Ideal for someone looking to upsize from a townhome or a savvy investor. This home features Central AC, SS Appliances, new Kitchens, quartz countertops, updated bathrooms, New lighting and much more! Separate Laundry for upstairs and downstairs. Book your personal showing today!! (id:48205)

5 Bedroom 2 Bathroom 2200
For sale
$1,248,888
2084 WILEROSE STREET, abbotsford, British Columbia

2084 Wilerose Street

Abbotsford, British Columbia

Investor alert: Check with the City of Abbotsford regarding new four-plex zoning changes on this property starting July 1. Live in or rent out the property while waiting to build four-plex units on flat 7722 sqft lot close to Abbotsford Hospital and Mill Lake. Beautiful home with a LEGAL suite on flat 7722 sqft lot ! This gorgeous home has 4 bedroom/3 bathroom plus oversize family room downstairs and a legal basement suite. Well kept kitchen, flooring, bathrooms, fireplace and more, , 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 Abbotsford Hospital, Mill Lake, all levels of schools and a short drive to Highway #1. (id:48205)

4 Bedroom 3 Bathroom 2702 sqft
For sale
$1,248,800
33330 HOLLAND AVENUE, abbotsford, British Columbia

33330 Holland Avenue

Abbotsford, British Columbia

INVESTORS, DEVELOPERS, CUSTOM HOME BUILDERS! Huge over 9000 sq ft completely flat lot with great 79 foot frontage. Well kept family home with good sized rooms and nice layout. Updated Kitchen with abundant cabinetry & eating bar. Stylish ensuite with sliding barn door. Lots of nice trim and crown moulding. Most windows replaced. Plus unauthorized suite and huge covered deck. Great very central location close to McCallum shopping, freeway access, parks, schools and hospital. Development potential with it's Urban 3 Infill designation. (id:48205)

4 Bedroom 3 Bathroom 2351 sqft
For sale
$1,239,900
31019 GARDNER AVENUE, abbotsford, British Columbia

31019 Gardner Avenue

Abbotsford, British Columbia

ASSUMABLE MORTGAGE at 2.29%! The perfect FAMILY HOME in a quiet CUL-DE-SAC, where kids can play ball hockey & ride bikes right out front. The main level features a HUGE FAMILY ROOM with UPDATED FLOORING and POT LIGHTS, a spacious dining area that's perfect for a large family, a huge living room with a GAS FIREPLACE, & a beautiful GOURMET KITCHEN with a LARGE ISLAND. Upstairs you will find 3 very GOOD SIZED BEDROOMS, & downstairs a WALKOUT BASEMENT offers the opportunity for a 2 bedroom MORTGAGE HELPER with plenty of NATURAL LIGHT. This home features NEW WINDOWS, NEW PLUMBING, an 8 y/o ROOF, 4 y/o HOT WATER TANK, 3 y/o GARAGE DOORS, new DECK, tons of STORAGE, & a PRIVATE BACKYARD. Just 3 min from access to HWY 1 & a 5min walk to St James & St Ann's Elementary, and St John Brebeuf Secondary. (id:48205)

5 Bedroom 4 Bathroom 2668 sqft
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
3367 HEDLEY STREET, abbotsford, British Columbia

3367 Hedley Street

Abbotsford, British Columbia

West Abbotsford, Fairfield Estate, 6 bedrooms, 3 full bathrooms, Covered patio, Master suite (huge walk in closet & updated 3 pc ensuite) plus 2 more bed rooms + 4pc updated bathroom. Fully finished BASEMENT, Fenced yard with storage sheds & RV parking. Near Exhibition Park and Matsqui Recreation Centre, this property resides in a welcoming neighbourhood within walking distance to all levels of schools, Call today to book an appointment! (id:48205)

6 Bedroom 3 Bathroom 3041 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
$1,228,000
2137 BEAVER STREET, abbotsford, British Columbia

2137 Beaver Street

Abbotsford, British Columbia

DAYCARE AND FAMILY HOME IN ONE PURCHASE!! Your dream has finally arrived in buying this home complete with a fully Operating Daycare which holds 8 Children, who will remain along with all the equipment in order to continue running this Daycare, but the Trade Name, Security System & Vehicles/Trailers not Included. Home is 2216 SQ Ft on 2 Levels, allowing one to live in the bright and spacious space in the raised basement. Operating Mondays-Fridays.......so Showings are limited to after 530pm..... or Daily on SAT/SUN. Please do not disturb the Daycare operation during weekday hours. Complete playground for daycare remains and Zoning of this Residential Property allows for a Daycare as an Accessory Use and Zoning is RS-3-i & allows for for Urban Residential Zone Infill usage. Call today! (id:48205)

4 Bedroom 2 Bathroom 2216 sqft
For sale Open House
$1,225,000
2773 LUCERN CRESCENT, abbotsford, British Columbia

2773 Lucern Crescent

Abbotsford, British Columbia

Nestled atop Glenn Mountain, this residence boasts panoramic views stretching to the horizon. Witness stunning sunsets or catch glimpses of Vancouver Island on clear days. Offered for the first time in 31 years, this home has been meticulously cared for and is in impeccable condition. Possibilities abound for the discerning buyer! The main level features three spacious bedrooms, two bathrooms(with ensuite), a sprawling living/dining area, and a vast kitchen with a breakfast nook. Downstairs, a full bathroom, separate entrance, and 1573 square feet of partially finished space awaiting your creative touch. Consider adding a two-bedroom suite or customizing the area to suit your needs. The lower level offers a sizeable bedroom, bathroom, & the potential for a SECOND one-bedroom suite! (id:48205)

4 Bedroom 4 Bathroom 3838 sqft
For sale Open House
$1,224,900
4357 MEIGHEN PLACE, abbotsford, British Columbia

4357 Meighen Place

Abbotsford, British Columbia

Welcome to this stunning 3-level home located in desirable Auguston area. This beautiful family home boasts 4 spacious bdrms and 3 modern baths. The main floor features an open-concept layout with 9-ft ceilings, lg windows creating a bright and airy atmosphere. The upgraded kitchen is a chef's delight, equipped with stainless steel appliances, a gas range, and an entertainer's island. A fully finished basement has a lg rec room, bdrm & bath. Perfect for guests or extended family. Enjoy a flat, fenced backyard ideal for kids & pets, with a detached dble garage and lane access. Close to golf & numerous trails, a perfect blend of tranquility & outdoor activities. Don't miss the opportunity to own this upgraded and well-maintained home in a family-friendly neighborhood. (id:48205)

4 Bedroom 4 Bathroom 2723 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 on Sumas Mountain w/ 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, rough-in central vacuum, gas hook up for firepit & BBQ, rough-in EV charging, forced air gas furnace & central AC. This home is a 2658sf, 3 story duplex style townhome with a rooftop patio. Sales Centre open by appointment (contact LR) located at #13-35706 Marshall Rd. Abbotsford. (id:48205)

4 Bedroom 4 Bathroom 2658 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
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 sqft
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 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
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
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
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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