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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
$1,199,900
32097 BALFOUR DRIVE, abbotsford, British Columbia

32097 Balfour Drive

Abbotsford, British Columbia

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

4 Bedroom 3 Bathroom 2833
For sale
$1,199,900
280 B STREET, abbotsford, British Columbia

280 B Street

Abbotsford, British Columbia

Investors, seize the opportunity with this remarkable Triplex offering an outstanding CAP RATE with 2 LEGAL PID's ! This property boasts three units, each occupied by reliable tenants paying market rates. Why wait for potential regulatory changes when you can start enjoying the benefits now? With a total of 6 Bedrooms & 3 Bathrooms each unit offers 2 Bedrooms and 1 Bathroom with 850 SqFt+ ensuring comfortable living spaces. Situated on a 7500 square foot corner lot in Abbotsford, this investment promises not only excellent current returns but also significant future value appreciation. Enjoy the convenience of being within walking distance to transit, Huntingdon Park, shopping, Sumas border & more! Don't miss out on this opportunity! Call us for your showing today - the next move is yours! (id:48205)

6 Bedroom 3 Bathroom 2596
For sale
$1,199,900
32 4217 OLD CLAYBURN ROAD, abbotsford, British Columbia

32 4217 Old Clayburn Road

Abbotsford, British Columbia

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

4 Bedroom 4 Bathroom 3064
For sale
$1,199,900
2279 HARPER DRIVE, abbotsford, British Columbia

2279 Harper Drive

Abbotsford, British Columbia

A well maintained house on a huge lot in the popular McMillan area. It is located on a quiet cul-de-sac. Close to McMillan Elementary School, Fraser Middle School and Yale Secondary. Easy Access to Highway No.1. (id:48205)

6 Bedroom 2 Bathroom 2735
For sale Open House
$1,199,888
32855 HARWOOD CRESCENT, abbotsford, British Columbia

32855 Harwood Crescent

Abbotsford, British Columbia

Perfect family home in a prime location near schools, shopping, transit & more. 5 bedrooms & 3 baths on a 5982.56 sq ft lot with ample parking and side-by-side garage. Features hardwood floors, new furnace, and windows. Open concept main floor with gas fireplace, leading to a massive covered patio and fenced backyard. Basement includes a bright 2-bedroom mortgage helper. Ideal for families seeking comfort, convenience, and rental potential. Enjoy the convenience of a walkout backyard, perfect for seamless indoor-outdoor living. Open house June 15th SAT & 16th SUN 1-3pm (id:48205)

5 Bedroom 3 Bathroom 2160 sqft
For sale Open House
$1,199,000
35900 GRAYSTONE LANE, abbotsford, British Columbia

35900 Graystone Lane

Abbotsford, British Columbia

Nestled in a quiet cul-de-sac and backing onto a lush green belt, this custom-built home offers a rare blend of privacy and tranquility in one of the most desirable neighborhoods in Abbotsford. Upstairs you will find 3 large bedrooms, including the primary suite which boasts huge vaulted ceilings with lots of natural light, a walk in closet and beautiful bathroom ensuite. The main floor has an open concept living room and kitchen with expansive windows overlooking the greenspace and creek in the backyard. And for the car or boating enthusiast, one of the 2 garage bays is a tandem depth stretching all the way to the back of the house. Don't delay book your private showing! (id:48205)

3 Bedroom 3 Bathroom 2301 sqft
For sale
$1,199,000
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 Open House
$1,199,000
34685 OLD CLAYBURN ROAD, abbotsford, British Columbia

34685 Old Clayburn Road

Abbotsford, British Columbia

Fantastic East Abbotsford family home in a great neighborhood in popular school Margaret Stenersen catchment. This 5 bedroom rancher has been well loved and updated throughout the past few years with a long list of updates. The main kitchen was updated with quartz countertops and S/S appliances, plumbing, wiring, vinyl windows throughout, heat pump, and new basement kitchen. Income potential with 3 bedroom suite, with new kitchen, flooring, bathroom and large spacious bedrooms. Enjoy the private fenced yard on a beautifully maintained 8500 sq foot lot with side access for possible RV parking. Close to schools and all amenities. Field across the street is future park according to City Hall! Open House Sunday, June 16th from 2:00pm - 4:00pm (id:48205)

5 Bedroom 2 Bathroom 2303 sqft
For sale
$1,199,000
2887 WOODLAND STREET, abbotsford, British Columbia

2887 Woodland Street

Abbotsford, British Columbia

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

4 Bedroom 2 Bathroom 2553 sqft
For sale
$1,199,000
3245 JERVIS CRESCENT, abbotsford, British Columbia

3245 Jervis Crescent

Abbotsford, British Columbia

AMAZING LOCATION! Perfect house for someone looking to downsize or first time home buyers. This house is well maintained with fresh paint, one year old roof, and one year old hot water tank. There is a 2 bedroom unauthorized suite, which can be easily turned into a 3 bedroom suite if wanted for a great mortgage helper. It is also close to all levels of schools and close to many amenities. (id:48205)

5 Bedroom 3 Bathroom 2044 sqft
For sale
$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 2494 sqft
For sale
$1,199,000
116 4595 SUMAS MOUNTAIN ROAD, abbotsford, British Columbia

116 4595 Sumas Mountain Road

Abbotsford, British Columbia

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

4 Bedroom 4 Bathroom 2778 sqft
For sale
$1,199,000
2262 BEVAN CRESCENT, abbotsford, British Columbia

2262 Bevan Crescent

Abbotsford, British Columbia

Don't miss the opportunity to Come check out this 5 bedroom home which sits on 7000 sqft lot with view from the front patio. Close to Mill Lake, Hospital and other amenities. 3 bedroom up and 2 down. Gas fireplace, hardwood floors, soaring cathedral ceiling, audio/visual system and A/C. The dining room with French doors leading the large front view deck. Updated white cabinetry & granite counters adorn the kitchen with built-in breakfast area. Beautifully maintained private fenced backyard which features large covered patio with lighting, fan TV hookups and Bluetooth capability. This home has so many qualities, "A MUST SEE". (id:48205)

5 Bedroom 3 Bathroom 2272 sqft
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
$1,198,000
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 sqft
For sale Open House
$1,197,000
34164 ALMA STREET, abbotsford, British Columbia

34164 Alma Street

Abbotsford, British Columbia

Welcome to your dream home, a stunning sanctuary nestled in the heart of Central Abbotsford. This extraordinary property, set on nearly 12,000 sq/ft of lush land, offers the perfect blend of serene living and modern convenience. Backing onto a tranquil green belt just a 15 minute walk to UFV, the Entertainment Center or Sumas Way, this home is the midtown oasis you've been looking for. Enjoy captivating sights from the kitchen and sunken living room through expansive picture windows that open to your own private forest. Unlike any other home in the area, this property boasts a unique design that maximizes space and comfort. The basement has been a successful rental/Airbnb for the past 1.5 years and could make the perfect in law or rental suite. Whether you're looking for a forever family home or an exceptional investment property, this house has it all. Book a showing today to see it for yourself! (id:48205)

4 Bedroom 3 Bathroom 2508 sqft
For sale
$1,195,000
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
$1,190,000
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
$1,189,000
2623 HILL-TOUT STREET, abbotsford, British Columbia

2623 Hill-Tout Street

Abbotsford, British Columbia

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

5 Bedroom 3 Bathroom 2040 sqft
For sale
$1,189,000
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 sqft
For sale
$1,185,000
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 sqft
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
2104 LYNDEN STREET, abbotsford, British Columbia

2104 Lynden Street

Abbotsford, British Columbia

Welcome to a rare property at the quiet end of Lynden Street in Clearbrook. The lot is 70 by 100! Talk to the City of Abbotsford about a potential two lot subdivision, or maybe about building a duplex or fourplex? (There are many opportunities with the zoning and density changes coming from the Province.) The house offers over 2500 square feet with 3 bedrooms and 2 bathrooms on the main floor and a legal 2 or 3 bedroom suite down, plus a rec room at the back of the garage. Walk all levels of schools, Sevenoaks Mall, and Mill Lake from this great location. Homes are rarely available on this street. (id:48205)

5 Bedroom 3 Bathroom 2560 sqft
For sale
$1,175,000
3345 PONDEROSA STREET, abbotsford, British Columbia

3345 Ponderosa Street

Abbotsford, British Columbia

This desirable rancher w/ a 2-bedroom legal suite is nestled in one of Abbotsford's most sought - after neighborhoods! Inside your welcomed with a bright entryway w/ a skylight bringing in abundant natural light. The main floor boasts 3 generous beds, plus the inviting kitchen, dining area, living room, & family room create the perfect functional layout! Step out onto the southwest-facing deck & enjoy breathtaking views of the mountains, fields, & Abbotsford Airport. The property also incl. a fenced yard & a double garage. Located just a short walk from top-rated schools, beautiful parks, scenic trails, & Bolt Fitness. Also close to shopping, providing easy access to Highway 1, this home offers unparalleled convenience! (id:48205)

5 Bedroom 3 Bathroom 2250 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