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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
$1,160,000
34608 HARRIS ROAD, abbotsford, British Columbia

34608 Harris Road

Abbotsford, British Columbia

Build your dream home on this picturesque 18,000 sqft property in Matsqui Prairie! Rarely do properties like this come available. Enjoy the quiet and peace of country living with sweeping views of farm land and the surrounding mountains. All while minutes to town and amenities. The property offers city water, natural gas, and it's flat and usable with an old farm house on the property. Start planning your custom country estate today! (id:48205)

4 Bedroom 1 Bathroom 1840
For sale
$1,159,800
3695 LATIMER STREET, abbotsford, British Columbia

3695 Latimer Street

Abbotsford, British Columbia

LEGAL SUITE! Beautiful Family Home in a sought after neighbourhood, set against a PRIVATE GREENBELT and park with walking trails and an added bonus of a LEGAL 2 bdrm suite, which can be a great MORTGAGE HELPER. Living Room & Dining Room with VAULTED CEILING giving lots of natural light. Spacious Kitchen w/Island & adjacent Family Room and Eating Area with Bay Window. SWEEPING VIEWS towards the North Shore Mtns. Most windows & fascia boards replaced. Enjoy the cool central A/C come this summer! Gorgeous back backyard with beautiful landscaping and reasied garden beds Great location close to parks and all levels of highly rated public and private schools. (id:48205)

6 Bedroom 3 Bathroom 2433
For sale Open House
$1,159,000
35120 MORGAN WAY, abbotsford, British Columbia

35120 Morgan Way

Abbotsford, British Columbia

On the quiet side of Abbotsford, this house features 3 bedrooms, 1.5 bath on the main floor with remote-controlled blinds. Great mortgage helper, 2 bdrm suite downstairs with separate laundry. Fully renovated in 2021 with extensive use of tiles on both floors. Updates include new washer & dryer, kitchen cabinets with stone countertops, and stainless steel appliances. House also features central air conditioning. All bathrooms are updated with new toilets, sinks, and walk-in showers. Big enough yard space to park your RV and storage shed/shop. Don't forget to check out 19'5x15'5 covered deck in the back with a working hot tub for those entertaining evenings. Call before it's gone. (id:48205)

5 Bedroom 3 Bathroom 1969
For sale Open House
$1,150,000
35823 EAGLECREST DRIVE, abbotsford, British Columbia

35823 Eaglecrest Drive

Abbotsford, British Columbia

VIEW VIEW VIEW. This home is so pretty and is ready for it's new owners. On a quiet street of manicured homes with amazing neighbours who look out for each other. This 2 level & basement home has a new white kitchen with large island, gas stove and cosy gas fireplace opening up to an AMAZING deck to take in the scenery and some R&R. Downstairs you will find a bright, spacious suite with large rooms and big windows opening up to a private covered deck. Easy to convert this large 1 bedroom and current open bedroom into 3 good size bedrooms down. Long driveway that can accommodate an RV in front of the house. Close to grocery stores, coffee shops and restaurants. Roof is 6 years & furnace is 20 yrs. Pre inspected, lots of little finishings needed, nothing major. Book your showing today. (id:48205)

5 Bedroom 4 Bathroom 3002
For sale Open House
$1,149,900
34788 5TH AVENUE, abbotsford, British Columbia

34788 5th Avenue

Abbotsford, British Columbia

Come see this fantastic family home at the serene end of no thru 5th ave, siding on farm land with breathtaking Mt. Baker views. Pride of ownership is evident throughout the nearly 2400 sqft, offering 5 beds + 3 baths and significant upgrades like newer roof & windows, all new Pex plumbing and efficient new Heat Pump (like Central A/C) to keep you comfortable in all seasons. Excellent plan up w/ island kitchen and large living & dining room spaces with extra windows. Versatile fully finished walkout basement offers Family room with free standing Gas fireplace & secondary options. Large sundeck overlooking fully fenced back yard. This home is just minutes away from Costco, HomeSense, the US border & Hwy 1 access. Huntington Park with playground 1 block away. OPEN HOUSE SUNDAY APR 21 1-3 pm. (id:48205)

5 Bedroom 3 Bathroom 2368
For sale
$1,149,900
1765 FAIRVIEW STREET, abbotsford, British Columbia

1765 Fairview Street

Abbotsford, British Columbia

Pride of ownership shows in this impeccably maintained 1720sqft rancher! Great traditional 3 bed, 3 bath layout! Eat-in kitchen has updated counters, backsplash & s/s appliances, hand-scraped engineered floors & new carpet in formal dining, huge living room & bonus family room/games room that opens to backyard. Storage shed w/ power for all your extra stuff to help keep the 2 car garage clean & organized, plus a carport for convenient parking! Extra's like A/c, built in vac, updated hardy board, windows, roof & gutters & a handy 2pc bath in the garage! Located on a MASSIVE 9650sqft lot on a quiet cul-de-sac on the south side of Hwy 1, just minutes from shopping, restaurants, schools, incl UFV, ARHCC & the Abby Events Centre w/ easy highway access for commuters! More pictures on Friday! (id:48205)

3 Bedroom 3 Bathroom 1720
For sale
$1,149,900
3066 MCMILLAN ROAD, abbotsford, British Columbia

3066 Mcmillan Road

Abbotsford, British Columbia

5 BDRM // 3 FULL BTHRM // 2148 SQFT Welcome home to your new basement entry home Abbotford's McMillan Neighbourhood! Tastefully updated and maintained, this home has a bright and airy layout with good sized bedrooms and plenty of great living space. Lots of important updates have been completed for you including: A/C & Soundproof Quality Windows (2023), Roof (approx 10 years old), Furnace & Hot Water Tank (2021), Carpeting on stairs (2024). The expansive backyard is fantastic year-round! In addition, you have a double garage with an extended driveway, providing plenty of parking. Found in school catchments for Prince Charles Elementary, William A Fraser Middle and Yale Secondary School -- this is not one to miss! (id:48205)

5 Bedroom 3 Bathroom 2148
For sale
$1,149,700
3136 CURLEW DRIVE, abbotsford, British Columbia

3136 Curlew Drive

Abbotsford, British Columbia

Very attractive 2 storey house on large 6000 sq. ft. level lot. 3 large bedrooms upstairs / 3 bath (2 pcs powder on the main) Fenced in backyard and your inviting covered deck will be amazing for entertaining. 2 fireplaces lend to the coziness in this home. Laundry on main & den. 2 mins. to Mt. Lehman freeway access. Close to schools, shopping, recreation, restaurants, High Street Mall, Auto mall, Walmart, pubs, parks, public transit & easy access to hwy. You'll love it this one and want to call it home!! (id:48205)

3 Bedroom 3 Bathroom 1900
For sale
$1,149,000
36043 S AUGUSTON PARKWAY, abbotsford, British Columbia

36043 S Auguston Parkway

Abbotsford, British Columbia

Welcome to AUGUSTON! Beautiful family home, open floor plan with quality finishing. Living room on the main floor, family room down. 4 bedroom plus Den, 3 1/2 bath with fully finished basement. Generous room sizes with large windows and natural light. Large, multi level deck. 2 car detached garage. Fully fenced back yard perfect for the kids and pets. A great family neighborhood with lane access, parks & trails, sought after traditional school down the street. Hurry this one won't last long! (id:48205)

4 Bedroom 4 Bathroom 3130
For sale Open House
$1,149,000
3147 ELDRIDGE ROAD, abbotsford, British Columbia

3147 Eldridge Road

Abbotsford, British Columbia

Do not miss out this beautiful house with many potential investment opportunities located right at the city of Abbotsford, BC. (id:48205)

3 Bedroom 2 Bathroom 1420
For sale
$1,149,000
33376 WREN CRESCENT, abbotsford, British Columbia

33376 Wren Crescent

Abbotsford, British Columbia

Beautiful home in the heart of Abbotsford. If you're after a home that is close to everything including schools, shopping center and transportation, you have found it! Features 4 spacious bedrooms, 2.5 bathrooms, living, dining & kitchen upstairs. Fully finished one-bedroom basement with separate entrance and single garage sitting on massive 8858 sq foot lot. Central location of Abbotsford, very quite and friendly neighborhood. (id:48205)

4 Bedroom 3 Bathroom 2045
For sale Open House
$1,137,900
13 4295 OLD CLAYBURN ROAD, abbotsford, British Columbia

13 4295 Old Clayburn Road

Abbotsford, British Columbia

Welcome to this stunning home in Sunsprint Estates! This home features three spacious bedrooms upstairs, including a master bedroom with a walk-in closet and 4-piece ensuite. The basement offers a versatile rec/bedroom, complemented by AC for added comfort. Proudly built by Atsma Construction, this home showcases beautiful finishes, including quartz counters, stainless steel appliances, crown moulding, 2" blinds, and vaulted ceilings. Enjoy the bright, open-concept kitchen, dining, and living area, perfect for entertaining. With a double garage and proximity to Clayburn Village amenities, trails, playgrounds, and schools, including Sandy Hill Elementary, Clayburn Middle, and Bateman Secondary, this home offers convenience and luxury in a prime family location. (id:48205)

3 Bedroom 3 Bathroom 1900
For sale Open House
$1,129,900
34609 ACORN AVENUE, abbotsford, British Columbia

34609 Acorn Avenue

Abbotsford, British Columbia

Welcome to this meticulously maintained three-bedroom family home nestled on a quiet cul-de-sac. You will love the inviting open-concept living space and the beautiful private backyard with established gardens and a charming greenhouse. Convenient backyard access offers hassle-free RV parking, while the garage and oversized crawl space provide ample storage solutions. Enjoy this peaceful neighborhood while still being within walking distance to schools of all levels, picturesque Stoney Creek trails, and the Clayburn Shopping Centre offering an array of groceries and dining options. Located just a short drive from both Highway 1 and the Abbotsford-Mission Highway, this home is ideal for families seeking a central location, a private yard and a great neighborhood. (id:48205)

3 Bedroom 3 Bathroom 1843
For sale Open House
$1,128,000
34298 WOODBINE CRESCENT, abbotsford, British Columbia

34298 Woodbine Crescent

Abbotsford, British Columbia

Opportunity is knocking! Prime property in an established neighbourhood 10,710 sq foot flat lot. Imagine all the possibilities here. Unique custom plan with floor to ceiling windows in the living room overlooking the fabulous backyard. What a yard! Mature shrubs, perennial plants, trees and so much room to play for children of all ages. Vaulted ceilings. Dutch door in the kitchen to the covered back patio. Imagine sitting out here enjoying the pond and the sounds of the birds. Move in and renovate at your leisure to your style and taste. Big spacious basement with separate entry. This property offers you so many options, invest in your future, Come see for yourself, Call Your REALTOR® today and book your viewing. Open House Sat, Apr 20, 12-3pm & Sun, Apr 21, 2-5pm. (id:48205)

4 Bedroom 2 Bathroom 2723
For sale Open House
$1,125,000
32365 CORDOVA AVENUE, abbotsford, British Columbia

32365 Cordova Avenue

Abbotsford, British Columbia

A true gem nestled in the heart of the city! This 2400 sq.ft. home boasts 4 bedrooms, 2 baths, and a legal 2 bed/2 bath suite - perfect for rental income. Built in 1950 with charming cove ceilings, this property exudes vintage charm while offering modern comforts like a newly replaced roof (2021). Location, location, location! Situated on a quiet street, yet minutes from urban amenities, this central residence provides unbeatable convenience. The detached garage and ample lot offer incredible redevelopment potential to create your dream home or multi-family investment. Don't miss this incredible opportunity to own a piece of prime real estate with endless possibilities! Call now to schedule your private viewing. (id:48205)

6 Bedroom 3 Bathroom 2402
For sale Open House
$1,119,000
3231 CHESTNUT STREET, abbotsford, British Columbia

3231 Chestnut Street

Abbotsford, British Columbia

Immaculate and spacious 4 level split nestled on a quiet street in East Abbotsford. This charming home boasts 5 bedrooms and 3 bathrooms, perfect for a growing family. Located close to Margret Stenerson Elementary School, which offers a fantastic French immersion program. The nearby Clayburn Middle School and Robert Bateman High School ensures a quality educational experience for your children. New hot water tank installed in 2023, The gas fireplace has been recently serviced. The fully fenced yard provides privacy and a safe space for outdoor activities. Additionally, all ducting has been recently cleaned, ensuring optimal indoor air quality. OPEN HOUSE Saturday May 4, 2024 from 2-4 pm (id:48205)

5 Bedroom 3 Bathroom 3163
For sale
$1,119,000
3159 TOWNLINE STREET, abbotsford, British Columbia

3159 Townline Street

Abbotsford, British Columbia

WEST Abbotsford, Large master suite with its own covered sundeck to enjoy the Mount Baker view. Well-kept two story home. Beautiful granite countertops, lots of updates, living room, family room off the kitchen, 2 fireplaces (one gas, one wood). Enjoy your own private backyard complete with huge patio, close to HIGH STREET MALL, amenities, restaurants, schools and HWY 1, Call today to book an appointment! (id:48205)

3 Bedroom 3 Bathroom 2013
For sale Open House
$1,100,000
3236 DENMAN STREET, abbotsford, British Columbia

3236 Denman Street

Abbotsford, British Columbia

Built in 1981/2023' renovations, this property in Clearbrook, offers versatility and potential. Ideal for investors craving cashflow, families seeking a cozy abode, or forward-thinkers eyeing future gains. Revel in the area's top-notch tap water from CLEARBROOK WATERWORKS, near schools, transit, and more. Educational excellence awaits with Colleen and Gordie Howe Middle, WJ Mouat Secondary, and Clearbrook Elementary nearby. Park bliss with MRC Sports Complex, Maclure Park, and Fishtrap Creek Park minutes away. Transit convenience abounds, safety assured with nearby facilities. This cashflow king boasts a main floor with 3 beds, 2 baths, a converted garage to a 2-bed suite, a basement bachelor suite, and a detached workshop turned to bedroom. Seize this in Fairfield Estates! (id:48205)

5 Bedroom 4 Bathroom 2450
For sale Open House
$1,100,000
34727 1 AVENUE, abbotsford, British Columbia

34727 1 Avenue

Abbotsford, British Columbia

Discover this 1989-built gem, ideal for a growing family and workshop enthusiast, steps from Sumas Border crossing. Nearby conveniences include Costco, Winners & Homesense, and a vibrant shopping outlet. Schools like Semá:th Elementary (K-5), Abbotsford Middle (6-8), and Abbotsford Senior Secondary (9-12) are within reach. Enjoy parks like Huntingdon Park and Upper Sumas Pioneer Park, plus fitness at Envision Athletic Centre. Transit is a breeze with a nearby stop (2nd Ave at Sumas) just a 2-minute walk away. This 2200+ sqft home boasts a detached workshop with 12' high ceilings, offering endless possibilities. Customize the main home with a master ensuite or utilize the workshop's hot water, electricity, and full bathroom for added versatility. Don't miss this all-inclusive property! (id:48205)

5 Bedroom 2 Bathroom 2254
For sale Open House
$1,099,999
2604 VALEMONT CRESCENT, abbotsford, British Columbia

2604 Valemont Crescent

Abbotsford, British Columbia

Well kept 5 bedrooms basement house in the most desirable area. West Abbotsford location in the Sunnyside Area. Close to amenities. Easy access to all major routes. Close to schools. Transportation and shopping mall. Close to Gurdwara. Easy access to Surrey, Vancouver and Chilliwack Two mortgage helper suites, one bedroom each side. One suite does not have a separate entrance or you can rent two bedrooms suite. All appliances are approximately 2 to 3 years old, Furnace and water tank around 2 years old, all windows and window coverings and patio door were replaced 2 years ago.Open house Saturday May 4,2024 From 2 to 4pm and Sunday May 5,2024 From 1 to 4pm. (id:48205)

5 Bedroom 4 Bathroom 2364
For sale
$1,099,999
40160 SOUTH PARALLEL ROAD, abbotsford, British Columbia

40160 South Parallel Road

Abbotsford, British Columbia

Discover this charming rancher bungalow-style home, featuring 3 beds & 3 baths across approximately 2,200 sqft of living space. Nestled on 1.25 acres (54,450 sq ft lot) of picturesque landscape, enjoy serene mountain & river views of Sumas Canal with your morning coffee. With an attached garage for convenience, it offers comfortable living in a tranquil setting. Additionally, a 25 x 50 foot Coverall Building, on a concrete slab with 220 Voltage Power, presents versatile opportunities, albeit needing some work. The property also boasts additional outbuildings, ample parking for trucks, RVs, and equipment. Recent updates include a 2019 roof & interior enhancements in 2024 such as new doors, appliances, flooring, paint & all 3 bathrooms. (id:48205)

3 Bedroom 3 Bathroom 2240
For sale Open House
$1,099,999
2 35931 EMPRESS DRIVE, abbotsford, British Columbia

2 35931 Empress Drive

Abbotsford, British Columbia

This executive end-unit townhome at Majestic Ridge coveted gated community boasts unparalleled beauty. With breathtaking panoramic views of Mount Baker and Sumas Prairie, this end unit is a true gem. The stunning 4 bedroom, 3 bathroom home is flooded with natural light, Step inside to discover the timeless elegance of hardwood flooring, the comfort of air conditioning, and the convenience of a gas range in the chef-inspired kitchen. The lower level is completely finished including rec. room, 2 bedrooms and a bathroom. Recent updates include a new roof, balcony and railing. Hot water on demand Bosh. This exclusive property provides easy access to the freeway, shopping, golf courses, and picturesque hiking trails. Experience a lifestyle of utmost sophistication and natural splendor. (id:48205)

4 Bedroom 3 Bathroom 2959
For sale Open House
$1,099,999
35216 MCKEE ROAD, abbotsford, British Columbia

35216 Mckee Road

Abbotsford, British Columbia

East Abby Gem! Stunning, fully renovated, family home! Your new home boats 5 bedrooms, 3 bathrooms, including an ensuite. Updates include new windows, kitchen, stainless steel appliances, bathrooms, flooring, fireplaces, heating, air conditioning, plumbing, wiring, vaulted ceilings, siding, and the list goes on. This home is perfect for the growing family, backing on to private greenspace, with a fully fenced yard. Located close to shopping, recreation, great schools, in one the best locations in Abbotsford. You have to come take a look, don't miss out on your opportunity to live in East Abbotsford! Great Home, Great Location, Great Price! (id:48205)

5 Bedroom 3 Bathroom 2031
For sale
$1,099,999
4142 OLD CLAYBURN ROAD, abbotsford, British Columbia

4142 Old Clayburn Road

Abbotsford, British Columbia

Rancher in the heart of Abbotsford's most desirable neighborhood! This spacious 3-bedroom rancher offers a generous 1,728 sqft of living space. Step into a world of natural light and open space, with a beautifully renovated kitchen (2018) and a family room flooded with sunlight. Nestled on a 7,500 sqft corner lot, this property features a fully fenced yard with a deck and a convenient storage shed. Close to some of the top schools in Abbotsford making it perfect for young families or downsizers looking for a one level home! The house is equipped with a newer roof from 2017, a 2021 furnace upgrade, and double windows for energy efficient. Quick possession available. (id:48205)

3 Bedroom 2 Bathroom 1728
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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