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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
$1,189,000
35475 CALGARY AVENUE, abbotsford, British Columbia

35475 Calgary Avenue

Abbotsford, British Columbia

Sandy Hill home that is turn key! In one of the nicest locations in East Abby, this spacious 4 bed, 3 bath home has room for the whole family. The 1 bedroom mortgage helper has a side entrance ensuring exclusive use of the rear yard is for you and you alone! Inside, this spotless home has had some updates including modern flooring, paint, appliances and a huge deck for entertaining. The private back yard offers a lower covered patio as well. Although on a quiet street, it also has easy access to schools, shopping and commuter arteries. This is a house that is easy to call home! (id:48205)

4 Bedroom 3 Bathroom 2585 sqft
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
$1,184,900
32554 MURRAY AVENUE, abbotsford, British Columbia

32554 Murray Avenue

Abbotsford, British Columbia

Original builders own custom home in a quiet cul de sac conveniently located near hospital, shopping, restaurants, transit, schools and Mill Lake. 2 x 6 construction with several built-ins and custom features. Huge living room, spacious kitchen with an abundance of cabinets, custom pantry, granite counters and stainless steel appliances. Funky kids bedroom with loft could also be used as an office. Large laundry room. Newer laminate floors on main floor. New roof in 2016 and H20 tank in 2023. Downstairs has a huge rec room, den, 4 piece bath and wet bar and could be suited with access through garage. Long driveway provides for parking of up to six cars and a massive double garage with room for additional workshop space. 8 x 10 shed and a large wood deck with gazebo to entertain on. (id:48205)

4 Bedroom 4 Bathroom 2916 sqft
For sale
$1,179,999
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! Open House Sat June 21 12:00-1:00 p.m. (id:48205)

4 Bedroom 4 Bathroom 2778 sqft
For sale
$1,179,900
3570 MCKINLEY DRIVE, abbotsford, British Columbia

3570 Mckinley Drive

Abbotsford, British Columbia

Exquisitely Updated and Lovingly Cared for East Abby home with one of the best school catchments in all of the lower mainland (Public, Private, Christian,French Immersion...). Recent updates include, Interior Paint, AC, Hot Water on Demand, Leaf Guard in all Gutters, Landscape Lighting, Bathroom Fixtures to name a few. Mountain views off the front of the home and a fully fenced/landscaped private Oasis in the back. Basement has suite potential. All of this in a great neighbourhood close to trails, schools, shopping and at a reasonable $ (id:48205)

4 Bedroom 3 Bathroom 2884 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
$1,178,888
32711 BELLVUE CRESCENT, abbotsford, British Columbia

32711 Bellvue Crescent

Abbotsford, British Columbia

This bright & charming home is located on a peaceful street in W. Abbotsford. Enjoy the convenience of being a short walk from Mill Lake Park, Seven Oaks Mall, all levels of school, w/ easy access to Hwy 1. Featuring 4 beds & 4 baths, the main floor boasts a spacious living area, kitchen, dining room, & family room w/ vaulted ceilings, perfect for entertaining or a growing family. Upstairs, you'll find 3 beds & 2 full baths. The massive fenced backyard offers privacy, a large patio space w/ gazebo, ideal for hosting guests. Additional features include a built-in vacuum system, new fridge & dishwasher. Additional there is a 1 bed basement suite w/ new kitchen Explore the potential for redevelopment into 2 lots or a duplex, consult the city for confirmation! (id:48205)

4 Bedroom 4 Bathroom 2585 sqft
For sale
$1,175,000
3358 HEDLEY STREET, abbotsford, British Columbia

3358 Hedley Street

Abbotsford, British Columbia

Great family home in the highly sought after area of West Abby/Fairfield Estates! Lovely 2,264 sq/ft 4 bedroom 3 bathroom home with fully fenced private backyard. The chef's kitchen will impress with black s/s Samsung appliances, quartz countertops, oversized island and raised snack bar, custom soft close cabinets with ample storage space (25 drawers!) and black tile floor. This family home is warm and inviting features 2 gas f/ps, gorgeous 3/4" hardwood (Japanese cherry) and tile throughout, plus cozy carpet in bedrooms. 3 bedrooms up including primary featuring walk in closet and 3 pc ensuite. Potential for basement suite - it's fully finished with a separate entrance, bedroom and bathroom. Excellent location, walking distance to Clearbrook Elementary, Parks, Rotary, MRC, and MEI. (id:48205)

4 Bedroom 3 Bathroom 2264 sqft
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
For sale
$1,174,900
32738 BELLVUE CRESCENT, abbotsford, British Columbia

32738 Bellvue Crescent

Abbotsford, British Columbia

CALLING ALL MID-CENTURY LOVERS! Newly renovated 1970s West Coast Contemporary split-level design. Renovations include new kitchen + MAYTAG kitchen appliances, new bathrooms, blinds, all new flooring, trim, interior and exterior paint. Original cedar interior walls, vaulted ceiling, featuring three bedrooms and three bathrooms, a solarium, kitchen skylight, built-in bookcase, & large windows. The basement is unfinished with a roughed in fireplace. Large 7000+ sq/ft lot with brand new sod front and back. Close to parks, hospital, transit, shopping and other amenities. Zoned URBAN 3-INFILL, check with city hall for details. Quick Possession Available! (id:48205)

3 Bedroom 3 Bathroom 2797 sqft
For sale
$1,174,888
2396 FARRANT CRESCENT, abbotsford, British Columbia

2396 Farrant Crescent

Abbotsford, British Columbia

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

5 Bedroom 3 Bathroom 2698 sqft
For sale
$1,174,000
4728 CARL CREEK LANE, abbotsford, British Columbia

4728 Carl Creek Lane

Abbotsford, British Columbia

Discover this stunning East Abbotsford home near Auguston! Priced comparably to a new townhouse but without strata fees, this corner lot enjoys abundant sunlight. The basement is roughed in for a potential mortgage helper. Nestled in the desirable Sumas Mountain area, this magnificent home offers a serene forest setting while being just minutes from downtown. Experience your dream home among tall timbers, combining tranquility with convenience. Don't miss this exceptional opportunity! - call today for more information! (id:48205)

4 Bedroom 4 Bathroom 2175 sqft
For sale
$1,170,000
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 Open House
$1,169,988
32281 ADAIR AVENUE, abbotsford, British Columbia

32281 Adair Avenue

Abbotsford, British Columbia

Well kept very clean home, potential to have 5 bedrooms with loads of fun for the the whole family. Enjoy your morning coffee on your large front balcony. Back yard is perfect for entertaining and completely fenced in for your pets. Laundry on main. Located to all level of schools and close to all shopping. Rotary Stadium and MRC all within walking distance. There is nothing to do here, just move in. (id:48205)

4 Bedroom 3 Bathroom 2085 sqft
For sale
$1,169,900
34929 HIGH DRIVE, abbotsford, British Columbia

34929 High Drive

Abbotsford, British Columbia

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

5 Bedroom 2 Bathroom 2156 sqft
For sale
$1,169,000
1417 KIPLING STREET, abbotsford, British Columbia

1417 Kipling Street

Abbotsford, British Columbia

This attractive 2-storey home presents a great opportunity for families! With 5 bedrooms and 4 full bathrooms, it offers plenty of space and comfort. You'll love the good-sized living area, perfect for family gatherings and entertaining guests. Extensive renovations in 2019 included brand new kitchen, new appliances, windows, blinds, flooring, and fresh paint throughout. This home also includes a 1-bedroom legal suite, ideal for a mortgage helper, and a fully private backyard for your enjoyment. Conveniently located with easy access to the highway, shopping, entertainment, schools, and the University of the Fraser Valley. (id:48205)

5 Bedroom 4 Bathroom 2343 sqft
For sale Open House
$1,168,000
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 SAT JUNE 29 2 to 4pm & SUN JUNE 30 FROM 1-3 PM! (id:48205)

4 Bedroom 2 Bathroom 2553 sqft
For sale
$1,165,000
32705 OKANAGAN DRIVE, abbotsford, British Columbia

32705 Okanagan Drive

Abbotsford, British Columbia

**GREAT Location In WEST ABBOTSFORD** Super Clean house with 5 bedroom, 3 bath home and BIG LOT 7327 qft. Featuring 3 beds up with 2 bath, large formal living/dining room, FULLY RENOVATED KITCHEN. Enjoy BBQ in your fully fenced yard and 2 bedroom suite with separate entry located on a quiet street near rotary stadium, schools, parks and shopping. Call for persnal viewing......... (id:48205)

5 Bedroom 3 Bathroom 1938 sqft
For sale
$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 sqft
For sale
$1,150,000
2905 GLENSHIEL DRIVE, abbotsford, British Columbia

2905 Glenshiel Drive

Abbotsford, British Columbia

This 4 bed/3 bath, nearly 2400 sq ft home is situated in a serene neighbourhood. This home has been lovingly maintained with several updates, including the kitchen with plenty of cupboards & counter space. It includes an eating area with convenient access to a lg covered deck which features a natural gas hookup, ideal for outdoor living. Upgrades include bathrooms & replacement of windows throughout the home. H/E furnace, AC & hotwater tank were all replaced in 2016. The laundry room has lots of shelving, cupboard space, laundry chute & sink. Storage is plentiful with a storage room, ample closets & garage space. The view from the deck includes the western skyline & private yard. Enjoy access to top schools, shopping & amenities, making this home the epitome of comfort & timeless appeal (id:48205)

4 Bedroom 3 Bathroom 2374 sqft
For sale
$1,150,000
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 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