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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
$1,069,000
3332 EPSON COURT, abbotsford, British Columbia

3332 Epson Court

Abbotsford, British Columbia

East Abby Gem, great street appeal, located on a fantastic family friendly Cul-de-Sac. 4 Bedrooms, 3 Baths. Large fully fenced backyard, perfect for letting the kids play, entertaining or BBQing on Sundeck off kitchen. Separate fenced Dog run. Many upgrades include; Newer Roof & Gutters (2022), New Superior Garage Door, Newer Furnace with A/C, Newer Sliding glass door to Sundeck, Exterior of house painted plus shutters added, Newer Stove, exterior panel for pool heater or Hot Tub, etc.. Downstairs is setup for a 1 bedroom suite with separate entrance. RV or Boat parking. Close to schools, parks, Highway. (id:48205)

4 Bedroom 3 Bathroom 1788
For sale Open House
$1,065,000
35227 MARSHALL ROAD, abbotsford, British Columbia

35227 Marshall Road

Abbotsford, British Columbia

This beautiful spacious hexagonal shaped home has gorgeous panoramic views of Mount Baker and is located in a well established neighborhood. This unique home was designed, built and loved by the original owners and has an elevator in office up to the primary bedroom. There is loads of space for entertaining with large kitchen, living, dining and family rooms. This property boasts beautiful landscaping which provides privacy and a backyard that is very serene and relaxing complete with a large patio area. Some loving touches will make this home perfect to make your own family memories. All the amenities you need are close by such as public transit. schools, parks, shopping, restaurants, with convenient access to Hwy #1. Book an appointment today to see this special home. It won't last long! (id:48205)

4 Bedroom 3 Bathroom 2484
For sale Open House
$1,065,000
2743 MOORLAND STREET, abbotsford, British Columbia

2743 Moorland Street

Abbotsford, British Columbia

West Abbotsford! **FULLY UPDATED HOUSE with GOOD size LOT 7440 sqft **Stainless steel appliances, BRAND NEW KITICHEN and NEW BATHROOMS. UPSTAIRS: 3 bedrooms with good size living area and IN Basement: One bedroom basement suite for MORTAGE HELPER ) Include NEW FURNACE, 200 AMPS and fresh paint with a private fenced yard. Desirable Clearbrook location close to all levels of schools, parks, shopping, recreation and easy freeway access. Don't miss it! (id:48205)

4 Bedroom 2 Bathroom 1800
For sale Open House
$1,050,000
32764 HAIDA DRIVE, abbotsford, British Columbia

32764 Haida Drive

Abbotsford, British Columbia

UPDATED 4 BEDROOM PLUS DEN FAMILY RESIDENCE! This home boasts a meticulously maintained lot with a fenced yard and convenient RV parking. Step into the stylish kitchen featuring soft-close shaker cabinets, quartz countertops, and S/S appliances. Enjoy updated flooring, fresh paint, and newer furnace and hot water tank. Upstairs, find 3 bedrooms including a primary with ensuite and dual closets. The finished basement offers a soundproof media room with a dry bar, additional bedroom, and den. Ideal for gatherings, the layout flows seamlessly to the spacious back deck with a pergola and hot tub. Outside, discover a serene backyard oasis with a pond and a two-level storage shed with power. Perfectly situated in a central location, this home is move-in ready. (id:48205)

4 Bedroom 3 Bathroom 2328
For sale Open House
$1,050,000
34070 ALMA STREET, abbotsford, British Columbia

34070 Alma Street

Abbotsford, British Columbia

Lovingly updated, split level family home on a large corner lot in Central Abbotsford ideal for future DEVELOPMENT. With quiet no through street close to all amenities. Beautiful kitchen with quartz countertops and designer stainless steel appliances. Large living room with attached solarium and views of Baker. 3 bedrooms and 1 bathroom up. Lower level basement suite has separate entrance, 2 additional bedrooms, large living room, full kitchen, second set of washing machines and a spa-like bathroom. Great set up for in laws, a nanny, teenage children or tenants! Private, beautifully planted yard complete with gourmet outdoor kitchen and HOT TUB! Perfect entertaining home. Home includes AIR CONDITIONING and boasts BRAND NEW ROOF & HW TANK. LOTS of parking. (id:48205)

4 Bedroom 2 Bathroom 2332
For sale
$1,050,000
32515 GEORGE FERGUSON WAY, abbotsford, British Columbia

32515 George Ferguson Way

Abbotsford, British Columbia

Perfect opportunity to own this well maintained rancher which comes with 3 bedroom 2 bath with a large lot. Property has one bedroom which is built without permit. It is close to all amenities including schools, public transport, shopping, library, recreation and much more. Great development potential please verify with the city. Book your private showing today! (id:48205)

3 Bedroom 2 Bathroom 1557
For sale Open House
$1,049,999
3089 TODD COURT, abbotsford, British Columbia

3089 Todd Court

Abbotsford, British Columbia

Your beautiful oasis awaits! This is a yard you will not be interested in leaving, perfect for the entertainer or sun lover. Beautifully renovated home with updated kitchen, interior with hot tub and much more. Hang out in this backyard oasis. If for some reason you have to bring yourself inside, you will find everything you need. Five bedrooms, two bathrooms and a very generous rec room. The location is great too, everyone on this Cul-De-Sac knows each other by name! Come home to the space you deserve! Open House Sat May 4/5 2-4 PM! (id:48205)

5 Bedroom 2 Bathroom 2015
For sale
$1,049,900
13 35247 STRAITON ROAD, abbotsford, British Columbia

13 35247 Straiton Road

Abbotsford, British Columbia

Welcome to Nature's Edge - a collection of 21 master-built detached and attached townhomes nestled into the heart of East Abbotsford. An ideal location close to schools, hiking/biking trails, Clayburn Village and so much more! Quality constructed by a reputable, local builder to last a lifetime. Offering a variety of layouts and homes ranging in size from 2200 to 2700 sq/ft, 3 or 4 bedrooms, with thoughtful upgrade options. These homes offer ICF foundations, forced air heating, chef style kitchens w/ large islands, double car garages, 9' ceilings, and most homes come with a double driveway and a beautiful backyard. Phase 1 move-ins expected Spring of 2025. Home 13 is a detached home. (id:48205)

3 Bedroom 4 Bathroom 2200
For sale
$1,049,900
35186 SKEENA AVENUE, abbotsford, British Columbia

35186 Skeena Avenue

Abbotsford, British Columbia

Well cared for and maintained home with 3 bedrooms up, personal games room with washroom, can easily be converted to in-law suite AND extra income producing suite. Recent updates include windows, high-efficiency furnace, hot water tank, bathrooms, flooring, kitchen(s), and more. The Master bedroom has 3 piece ensuite and a nicely updated main bath. Downstairs has a large rec room and a 2 piece bath and laundry. An amazing 1 bed suite with private entrance, private laundry, new kitchen, bath, and flooring throughout the suite plus a private yard. Parking for 4-5 cars on the driveway, 2 large storage sheds, and a quiet private deck out back. Hurry and book your private showing! (id:48205)

4 Bedroom 4 Bathroom 2440
For sale
$1,049,900
6 35247 STRAITON ROAD, abbotsford, British Columbia

6 35247 Straiton Road

Abbotsford, British Columbia

Welcome to Nature's Edge - a collection of 21 master-built detached and attached townhomes nestled into the heart of East Abbotsford. An ideal location close to schools, hiking/biking trails, Clayburn Village and so much more! Quality constructed by a reputable, local builder to last a lifetime. Offering a variety of layouts and homes ranging in size from 2200 to 2700 sq/ft, 3 or 4 bedrooms, with thoughtful upgrade options. These homes offer ICF foundations, forced air heating, chef style kitchens w/ large islands, double car garages, 9' ceilings, and most homes come with a double driveway and a beautiful backyard. Phase 1 move-ins expected Spring of 2025. Unit 6 is an end unit in Phase 2. www.naturesedgeliving.com (id:48205)

4 Bedroom 4 Bathroom 2686
For sale
$1,049,000
34350 REDWOOD AVENUE, abbotsford, British Columbia

34350 Redwood Avenue

Abbotsford, British Columbia

5 bedroom Rancher with full basement sitting on an 8,568 Sq ft. Lot! Situated on a quiet street this home offers a nice 2 bedroom suite (unauthorized) with it's own yard space & separate laundry. Updated windows. The garage has been renovated into a living room with vaulted ceilings. Amazing area of town, close to parks, schools, shopping & recreation. Only a 2 minute drive to Hwy 11 and minutes to Hwy 1 for quick & easy commuting! (id:48205)

5 Bedroom 2 Bathroom 2000
For sale
$1,045,000
2235 CRYSTAL COURT, abbotsford, British Columbia

2235 Crystal Court

Abbotsford, British Columbia

Beautiful 3-4-bedroom home, boasting an impressive 34'x17' shop (w/hoist). Main floor is a bright and airy open living space. The kitchen features custom-built cabinets and a spacious layout complete with a large fridge, gas stove, and dishwasher. French doors from the kitchen open onto large deck, perfect for entertaining, with a gas hookup for your BBQ. The lower floor offers radiant hot water in-floor heating, also a ducted natural gas furnace with central air conditioning. The lower level has a hobby room, large family room, and office space. Lots of covered parking and explore the fenced backyard with mature trees and a gardening shed that includes a hoist for endless storage possibilities. Situated in a cul-de-sac across from a park, with another park located behind the house. (id:48205)

3 Bedroom 2 Bathroom 1615
For sale
$1,032,500
1979 MCKENZIE ROAD, abbotsford, British Columbia

1979 Mckenzie Road

Abbotsford, British Columbia

Beautifully updated rancher with a full basement. Located in central Abbotsford this home offers comfort and convenience. The many features include a modern white kitchen with large island, SS appliances and granite countertops, stone fireplace in the living room, fully finished basement with wall to wall built-ins in the rec room, separate basement entrance, ductless mini split AC and heating system, all new insulation in exterior walls and attic, fully rewired with a 200 amp service, new water and gas pipes, large fenced lot with a detached garage and covered deck for year round enjoyment. Great residential neighbourhood close to services, schools, recreation and shopping. This one is a must see!! (id:48205)

4 Bedroom 2 Bathroom 1929
For sale
$1,019,900
5 35247 STRAITON ROAD, abbotsford, British Columbia

5 35247 Straiton Road

Abbotsford, British Columbia

Welcome to Nature's Edge - a collection of 21 master-built detached and attached townhomes nestled into the heart of East Abbotsford. An ideal location close to schools, hiking/biking trails, Clayburn Village and so much more! Quality constructed by a reputable, local builder to last a lifetime. Offering a variety of layouts and homes ranging in size from 2200 to 2700 sq/ft, 3 or 4 bedrooms, with thoughtful upgrade options. These homes offer ICF foundations, forced air heating, chef style kitchens w/ large islands, double car garages, 9' ceilings, and most homes come with a double driveway and a beautiful backyard. Move-ins expected Spring of 2025. Unit 5 is an inside unit of phase 2. (id:48205)

4 Bedroom 4 Bathroom 2686
For sale Open House
$999,999
32560 ORIOLE CRESCENT, abbotsford, British Columbia

32560 Oriole Crescent

Abbotsford, British Columbia

BACK ONTO A QUIET GREENSPACE! This beautifully UPDATED split-level home boasts a modern white kitchen, new floors, and a fully fenced backyard with a covered gazebo. With 4 bedrooms and a basement rec room, this home has plenty of space for the whole family. Freshly painted exterior, new fascia and window coverings in 2023. Main floor Reno done in 2022. Centrally located, you're just a 9-min walk from Abbotsford Exhibition Park and a 3-min walk from John MacLure Elementary and the downtown core is only a 5-min drive away, offering a variety of amenities and restaurants, including Banter Ice Cream, Bow & Stern, and Old Yale Brewing. Don't miss out on this opportunity to call this charming house your home! OPEN HOUSE SUNDAY MAY 5 FROM 2-4PM. (id:48205)

4 Bedroom 2 Bathroom 1656
For sale
$999,999
2348 MCKENZIE ROAD, abbotsford, British Columbia

2348 Mckenzie Road

Abbotsford, British Columbia

What a great opportunity for a family, work and live, or simply an investment. 4 bed 2 bath home with a 30 x 28 detached shop within walking distance to downtown Abbotsford. The generous house size allows for the young family to grow along with the big back yard to enjoy and the shop to store and work on the toys! On those rainy days you have plenty of space in the rec-rooms and games room. With the almost 400 sqft deck off the back with custom fence paneling for privacy you can enjoy the summer evenings. The shop is R/I for radiant in floor beat as well it currently has 70 AMP service. This property has a lot to offer, and to think its walking distance to shopping, restaurants, all levels of schools including UFV, and Hwy 1 access not to mention it sits within the OCP urban 3 infill. (id:48205)

4 Bedroom 2 Bathroom 2706
For sale Open House
$999,900
31139 SIDONI AVENUE, abbotsford, British Columbia

31139 Sidoni Avenue

Abbotsford, British Columbia

PRECED TO SELL - OFFER DUE MONDAY MAY 6TH AT 5PM West Abbotsford Home, add a SUITE with some modifications - 3 Bedrooms + 2 Bathrooms with an ideal floor plan located on 5,813 Sq Ft lot. Upon entry stairs leading upstairs to your open living room with gas fireplace, dining room, kitchen & nook, as well all three spacious bedrooms. Master Bedroom has a full ensuite bathroom. Off the kitchen there is a sliding door out to your large backyard, concrete area with covered patio, another separate deck area with covered hot tub, & open space set up for an above ground pool or trampoline. Basement has a recreation room at the front of the home & another large room with laundry, storage, & access to large double garage. Updates including vinyl plank flooring, HWT, roof, windows & more! (id:48205)

3 Bedroom 2 Bathroom 2331
For sale
$999,900
3445 SUSSEX STREET, abbotsford, British Columbia

3445 Sussex Street

Abbotsford, British Columbia

East Abby, Big Lot, RV parking, Split Entry with some Updates & Under a Million. This is the one! This bateman catchment home is the perfect starter for a family or for an investor looking for a rental. Featuring 3 bedrooms up, a large kitchen w/ dining area & walk-out to a new deck built in 2019. The home is bright & the upstairs windows are vinyl. Downstairs features a Den/ Office, large living room, 3 piece bathroom, & a full laundry area w/ a sink & full-size side-by-side washer-dryer. The roof, furnace, & hot water tank were done in 2017 & the house has other partial updates including some new floor, pain, & trim. The Huge, Flat backyard w/ garden boxes and RV parking with drive-through access to the yard will impress. Close to the best schools, Recreation, & shopping. Call today! (id:48205)

4 Bedroom 2 Bathroom 1863
For sale
$999,900
30 4295 OLD CLAYBURN ROAD, abbotsford, British Columbia

30 4295 Old Clayburn Road

Abbotsford, British Columbia

Step into this recently built, three-story home featuring 4 beds & 3 baths, including a luxurious Master Bedroom complete with a 4-pc ensuite and walk-in closet. The Main Floor offers a welcoming open-concept layout seamlessly merging the Kitchen, Dining Room and Living Spaces complemented with a cozy fireplace. The Kitchen showcases modern cabinetry, a large island, stainless steel appliances and quartz countertops. The basement flex room has its own closet, bathroom and entry through the double garage, ideal for a mortgage helper! Situated near all levels of schooling and minutes away from HWY 1 and HWY 11. (id:48205)

4 Bedroom 3 Bathroom 2079
For sale
$999,900
2055 MCKENZIE ROAD, abbotsford, British Columbia

2055 Mckenzie Road

Abbotsford, British Columbia

Well maintained cozy rancher on huge 7841 sq ft lot. Updated with newer vinyl windows, laminate flooring ,and crown moulding. 6 Feet crawl space height underneath the whole house for all your storage needs. OCP designated infill 3 and as per provincial law you can build 4 units or build your dream home like next door's house. Call for your personal tour! (id:48205)

2 Bedroom 1 Bathroom 900
For sale Open House
$999,800
34850 TERRACE COURT, abbotsford, British Columbia

34850 Terrace Court

Abbotsford, British Columbia

Your new home search stops here! This home would be the perfect starter home or a great home to downsize to when you don't want to lose having the benefits of a private and serene backyard! Prime location sitting on a quiet cul-de-sac in East Abbotsford, near Thomas Swift Elementary and walking distance to Bateman Secondary and Clayburn Middle School. Enjoy amazing walking trails steps away from your home. The kitchen has been tastefully renovated with quality backsplash, trendy cabinets, all stainless steel appliances, and more! New paint and flooring throughout the home. Privacy and tons of room for the kids and pets to play in the gigantic backyard and outdoor area. This home is turn-key and ready to move in and enjoy! (id:48205)

3 Bedroom 2 Bathroom 1591
For sale
$999,000
35271 WELLS GRAY COURT, abbotsford, British Columbia

35271 Wells Gray Court

Abbotsford, British Columbia

Prime location in East Abbotsford! 5 Bed 3 Bath **Fully Renovated in 2024** Brand new appliances, brand new kitchen, new flooring, fresh paint, new window, huge covered sundeck, fully fenced yard, 2 separate laundry's and a 1 bedroom basement suite as a mortgage helper with separate entry. Located in a peaceful cul-de-sac nearby Prince Charles Elementary, Abbotsford Christian School, & Sandy Hill Elementary. It's the perfect location for families looking for a vibrant community to call home. Schedule a viewing today and experience the beauty and comfort it has to offer before its too late! ** OPEN HOUSE APRIL 27 & 28 ** (id:48205)

5 Bedroom 3 Bathroom 1753
For sale
$999,000
2659 MACBETH CRESCENT, abbotsford, British Columbia

2659 Macbeth Crescent

Abbotsford, British Columbia

This is your chance to live in one of Abbotsford's most desirable neighbourhoods . This 5 bedroom, 2 bathroom home features a large living room, huge deck, and a spacious yard offering tons of privacy. Renovations done recently New flooring,New paint,New hot water tank and updated kitchen Downstairs you'll find a secondary kitchen , seperate laundry and a space that could easily be rented out. You'll love the convenience of being located in a quiet neighbourhood that is steps to the best schools, Abbotsford Rec Centre, outdoor parks and a shopping plaza. This home boasts 2 fireplaces, perfect for those chilly Fall evenings. Don't miss out on this incredible opportunity as a great starter home or investment property. ****Showings by appointment **** (id:48205)

5 Bedroom 2 Bathroom 1996
For sale
$999,000
3720 NANAIMO CRESCENT, abbotsford, British Columbia

3720 Nanaimo Crescent

Abbotsford, British Columbia

The perfect home in the perfect family neighborhood - Welcome to PARKSIDE ESTATES in beautiful & convenient Central Abbotsford. This corner lot features a 3 level split home with a well-manicured front lawn, attractive landscaping, and an inviting curb appeal. It boasts 4 bedrooms, 3 bathrooms, 2,094 sq. ft. of living space, open floor plan, 2 fireplaces, vaulted ceilings & plenty more. Private backyard is fully fenced and features a walk out patio, great for entertaining. The location is unbeatable, just steps to trails, parks, shopping, transit, schools, Rotary Stadium, golf course, easy access to Hwy & Abbotsford Mission Hwy. Book your private tour! (id:48205)

4 Bedroom 3 Bathroom 2094
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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