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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
$1,099,999
36751 DIANNE BROOK AVENUE, abbotsford, British Columbia

36751 Dianne Brook Avenue

Abbotsford, British Columbia

WELCOME TO YOUR NEW HOUSE SETTLED IN THE BEST UP AND COMING FAMILY-ORIENTED NEIGHBOURHOOD! Well designed & custom built home situated in the prime area of the Abbotsford East having 6 bedrooms plus 4 washrooms with spacious & open concept kitchen equipped with branded stainless steel appliances & quartz counter tops. This property contains accommodation which is not authorized. Do not miss chance to occupy this beauty before it's gone! OPEN HOUSE SAT/SUN MAY 18/19 2-4PM (id:48205)

6 Bedroom 4 Bathroom 2698
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
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. Open House May 10 and May 11 at 2pm - 4pm. (id:48205)

3 Bedroom 2 Bathroom 1728
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
$1,099,950
33230 WESTBURY AVENUE, abbotsford, British Columbia

33230 Westbury Avenue

Abbotsford, British Columbia

Located in the central area, FUTURE POTENTIAL for 4PLEX. this spacious home features 6 large bedrooms, a generous family room, and a total of 2194 Sqft of living space with a recreational room in the basement. Don't miss the opportunity to see this beautiful home!- it's a hidden gem. Schedule a viewing appointment now before this opportunity slips away! (id:48205)

6 Bedroom 2 Bathroom 2194
For sale Open House
$1,099,900
36262 S AUGUSTON PARKWAY, abbotsford, British Columbia

36262 S Auguston Parkway

Abbotsford, British Columbia

Welcome to Auguston! This renovated four bedroom home plus bonus rec room happens to be one of the nicest homes available in east Abby. Featuring recently renovated kitchen appliances, paint and flooring, four generous size bedrooms, four bathrooms and a traditional floor plan with dining room patio off the kitchen that overlooks the well-maintained yard with new artificial turf. On the lower level you'll find a washroom, renovated laundry room, and a media room, which could easily be used as a fourth bedroom. Detached two car garage, and lots of outdoor space for the kids and pets. A short walk to Auguston Traditional School, the waterpark and soccer fields. Air conditioned and ready for summer. This one won't last long. (id:48205)

4 Bedroom 4 Bathroom 2167
For sale
$1,099,900
2155 BEAVER STREET, abbotsford, British Columbia

2155 Beaver Street

Abbotsford, British Columbia

Great Location over 7000 sqft Lot (70 Ft.X101Ft.) 4-bedroom house (Could be even 5 bedrooms)! It's got more than 2100 square feet of living space! Updates over last 15 years- Roof, Siding, Windows. Plus, you've got a garage attached to the house and a nice flat backyard facing west for some private chill time. It's super close to Highway 1 and all the shops and cool stuff in Abbotsford, like mill lake park and schools. Give us a call for more information. (id:48205)

4 Bedroom 2 Bathroom 2132
For sale Open House
$1,099,900
35151 SKEENA AVENUE, abbotsford, British Columbia

35151 Skeena Avenue

Abbotsford, British Columbia

East Abbotsford. 4 bedroom home located on a quiet street. Main floor offers living area with gas fireplace. Gourmet kitchen & dining area with doors that open onto massive, private backyard. Basement has a large rec-room, 4th bedroom & access to the deep garage space. Located just blocks away from all levels of schools, nature trails & transit. Minutes from shopping & recreation, RV parking, Call today to book an appointment! (id:48205)

4 Bedroom 2 Bathroom 1977
For sale Open House
$1,099,900
43 4295 OLD CLAYBURN ROAD, abbotsford, British Columbia

43 4295 Old Clayburn Road

Abbotsford, British Columbia

Welcome to Sunspring Estates! This custom built home in an excellent condition like a brand-new home. Featuring 4 generously-sized bedroom, 4 bathroom & media room providing ample space for your family. Open floor plan, the kitchen is a chef's dream, equipped with quartz counters, gas range, stainless steel appliances & an abundance of cabinetry. Living area is enhanced by a natural gas fireplace, adding warmth & coziness to the space. Backyard boasts a grassy yard, ideal for children & pets to frolic & play. This home is its prime location within walking distance of Sandy Hill Elementary school, Clayburn middle School, and Bateman Secondary School. **** OPEN HOUSE May 05 SUN 1PM TO 3PM.**** (id:48205)

4 Bedroom 4 Bathroom 2824
For sale Open House
$1,099,900
2152 MAYWOOD COURT, abbotsford, British Columbia

2152 Maywood Court

Abbotsford, British Columbia

8050 lot (70*115, Best Location, Beautiful house with full basement suite on a quiet cul-de-sac. Family-friendly neighborhood. Upstairs with a massive updated kitchen which include all cabinets, quartz countertops, stainless steel appliances and gas stove. Modern laminate flooring. Downstairs has a spacious basement suite with separate entrance. Enjoy your own private backyard, close to amenities, restaurants, all levels of schools and HWY 1, Call today to book an appointment! (id:48205)

4 Bedroom 3 Bathroom 2823
For sale
$1,099,900
35620 DINA PLACE, abbotsford, British Columbia

35620 Dina Place

Abbotsford, British Columbia

Bright South facing home, is located on a higher ground overlooking the valley. With over 2360 sf living space + 7500 sf lot, its spacious 5 bedrooms, 2 kitchen and 3 bath, offer a family friendly open concept layout. Many upgrades, include a new roof, tankless water heater, bathroom upgrades, new flooring and air-conditioning system. The lower level 2 bedroom suite has its own separate entrance, kitchen & washer/dryer. Lots of storage space and expansion potential. Just steps from Delair Park in one of Abbotsford's most desirable school catchment area. Convenient location, easy access to highway #1, and just minutes from all the shopping, entertainment, restaurants etc. Call today to arrange a private showing. (id:48205)

5 Bedroom 3 Bathroom 2365
For sale
$1,099,900
46 32250 DOWNES ROAD, abbotsford, British Columbia

46 32250 Downes Road

Abbotsford, British Columbia

DOWNES ROAD ESTATES......Immaculate rancher in executive gated community. This complex offers all the features of living in your own home on a lot with the security and worry free maintenance of taking care of your yard. The home has had many updates in the past few years and is flawless inside and out. Some of the updates include a new roof and leaf guard gutter system, hot water tank, patio cover, gas fireplace, custom blinds, flooring and mouldings, light fixtures and neutral paint colors. A bright white kitchen with newer S/S Appliances. Features include wheelchair assessable, in ground sprinklers, no yard work and RV parking. Double car garage and parking on the pad. Bare land strata 55+ and pets welcome. Bright, cheery and easy to show anytime. (id:48205)

2 Bedroom 2 Bathroom 1652
For sale
$1,099,800
32573 MARSHALL ROAD, abbotsford, British Columbia

32573 Marshall Road

Abbotsford, British Columbia

PRIME location, and a beautiful family home. West Abbotsford, minutes to freeway access, and walking distance to Godson Elementary, Abbotsford Middle School, and Abbotsford Secondary. Bright and cheery kitchen, with a formal dining area and access to fenced backyard and covered patio. Optimal lot location, as there is no house directly behind this home. Walkout basement has one bedroom (has window but no closet), and a large rec room, easy conversion for nanny suite. Large secure storage under patio, this home has endless opportunities. New furnace, 2012 roof, and a new dishwasher. Come by this weekend! (id:48205)

4 Bedroom 3 Bathroom 2022
For sale Open House
$1,099,000
3026 GLENDALE PLACE, abbotsford, British Columbia

3026 Glendale Place

Abbotsford, British Columbia

Welcome to your new charming basement entry home nestled in the serene beauty of East Abbotsford's nicest cul-de-sac. This well-maintained residence offers a perfect blend of family vibes and amazing private backyard with a covered deck, updated kitchens, good sized rooms, and just a good place to call home. New garage door, flooring + many more updates. Downstairs, a self-contained one-bedroom suite present an excellent opportunity for rental income or accommodating extended family members. Complete with its own entrance offering privacy and a cool space. Outside, the expansive yard provides a peaceful retreat, perfect for gardening, play or simply unwinding after a long day. Take advantage of the location and ample driveway parking for added convenience. This is a MUST see. (id:48205)

4 Bedroom 3 Bathroom 2451
For sale
$1,099,000
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
$1,099,000
2488 CAMERON CRESCENT, abbotsford, British Columbia

2488 Cameron Crescent

Abbotsford, British Columbia

Welcome to your new home in the coveted McMillan area of East Abbotsford! This spacious 4-bed, 3-bath home sits on a sprawling 1/4-acre lot, offering ample space for your family to grow and thrive. Recent upgrades, including a new H20 tank and furnace, fresh interior paint, kitchen backsplash, gutters and fascia. Modern kitchen enhancements including all new appliances elevate the comfort and style of this home. Relax by the cozy stone fireplace or entertain on the brand new deck overlooking the expansive yard. Downstairs, discover a versatile space with a bedroom, laundry facilities, and a 19 x 19 family room complete with a second gas fireplace, and separate access. Not to mention it is nestled on a quiet family friendly cul-de-sac. You dont wanna miss this one. Book your showing today! (id:48205)

4 Bedroom 3 Bathroom 2331
For sale
$1,099,000
33284 MEADOWLANDS AVENUE, abbotsford, British Columbia

33284 Meadowlands Avenue

Abbotsford, British Columbia

The perfect family home, this one has it all! 3 bedrooms, 3 bathrooms (including that much coveted 3 piece ensuite), tons of rec space, HUGE amount of storage plus parking for both your cars. Large frontage gives you ample room for RV and boat parking. Your open concept living space was updated in 2014 and offers easy access to a delightful sprawling backyard. Updates include kitchen cabinets, appliances, flooring, paint and light fixtures. A quiet and peaceful family neighborhood, walk to Terry Fox Elem. Fantastic central location, close to absolutely everything....but you won't want to leave! (id:48205)

3 Bedroom 3 Bathroom 1906
For sale
$1,099,000
2862 STATION ROAD, abbotsford, British Columbia

2862 Station Road

Abbotsford, British Columbia

Discover the perfect family sanctuary in the peaceful Aberdeen neighborhood of Abbotsford. Walking distance to Restaurants, Starbucks, Parks, Schools, Public Transit, and all amenities. Upstairs: 3 bedrooms, 2 full bathrooms. Main floor: 1 bedroom, 1 full bathroom, plus rec room (potential for suite, check with Architect and City) double garage, abundant storage and ample street parking, this home has it all. Schedule your showing today! (id:48205)

4 Bedroom 3 Bathroom 1920
For sale
$1,089,000
3462 ETON CRESCENT, abbotsford, British Columbia

3462 Eton Crescent

Abbotsford, British Columbia

Your new home awaits in this excellent quiet neighbourhood! A beautiful 4 bed 2 bath home on a large 7505 sqft Lot! Spacious living room with loads of natural light through out! Kitchen with stainless appliances and loads of cupboard space! Large primary bedroom with large closet + extra wall storage! 2nd bedroom + 4 pc bathroom also on main floor! Basement can easily be converted back to 2 bed suite! 2 spacious bedrooms + another 4 pc bathroom! Separate entry with kitchen, separate laundry and huge living area/rec room! Amazing back yard space + a 404 sqft fully covered deck perfect for year round relaxing and entertaining! 200 sqft detached shop with power! Room for RV Parking! AC! Truly one of the best neighbourhoods! Minutes to highways, schools, shopping, trails, parks, and more! (id:48205)

4 Bedroom 2 Bathroom 1680
For sale
$1,084,900
34609 ACORN AVENUE, abbotsford, British Columbia

34609 Acorn Avenue

Abbotsford, British Columbia

This immaculately kept three-bedroom home is quietly tucked away in a desirable cul-de-sac. You'll love the seamless flow of the open-concept living area, perfectly complemented by a lush private backyard with mature gardens and a delightful greenhouse. You can effortlessly park your RV with the convenient backyard access, while the garage and expansive crawl space cater to all your storage needs. This central neighborhood has easy access to the best schools, the Stoney Creek trails, and the diverse amenities of the Clayburn Shopping Centre. Situated within easy reach of both Highway 1 and the Abbotsford-Mission Highway, this home will appeal to anyone seeking a meticulously maintained home with a private yard in a great neighborhood. (id:48205)

3 Bedroom 3 Bathroom 1843
For sale Open House
$1,079,900
12 35706 MARSHALL ROAD, abbotsford, British Columbia

12 35706 Marshall Road

Abbotsford, British Columbia

Grovemont is a Community of 190 steel framed, rooftop patio townhomes situated on Sumas Mountain with views of surrounding natural woodlands. Built by Mann Group, a well-established local developer. Grovemont is unique as there is a higher level of spec throughout the home that gives a much more elevated feel. Intergrated Fisher & Paykel and Bosh appliances, quartz countertops throughout/ waterfall island, Pot filler above the gas stove, staircase lighting, electric fireplace surrounded with a shiplap accent wall, built in vacuum, gas hook up for fireplace and BBQ, 220 volt for electric vehicle charging, forced air gas furnace & central AC. This home is a 2637sf, 4 bedroom, 2 story home with a finished basement and rooftop patio. Sales centre located at #13-35706 Marshall Rd. Abbotsford. (id:48205)

4 Bedroom 4 Bathroom 2637
For sale Open House
$1,079,900
36018 SOUTHRIDGE PLACE, abbotsford, British Columbia

36018 Southridge Place

Abbotsford, British Columbia

Welcome to this fabulous Mountain village home nestled in a serene cul-de-sac in one of East Abbotsford best neighborhoods. 2 Storey w/Basement home boasting 3 Bedrooms & 3 Bathrooms - this home is ideal for raising a family! Functional floor plan with living room & kitchen on the main, 2 Bedrooms upstairs, and the third bedroom & flex room downstairs in the basement. Plenty of updates including newer flooring, appliances, bathrooms, and paint. Enjoy the comforts of a high-efficiency furnace( 2014) & energy-efficient south-facing windows (2015). Large deck off the back of the home to enjoy those scenic mountain views. Double garage and driveway for parking. Conveniently located just a short stroll away from Mountain Elementary School, Save-On Foods, Shoppers Drug Mart, and easy Hwy access! (id:48205)

3 Bedroom 3 Bathroom 2122
For sale
$1,079,000
34948 MT BLANCHARD DRIVE, abbotsford, British Columbia

34948 Mt Blanchard Drive

Abbotsford, British Columbia

Great family home in an awesome location close to schools, shopping and recreation. Just under 1800 square feet with 4 bedrooms and 3 bathrooms. Upstairs you'll find three good sized bedrooms with an ensuite and full full 4 piece bathroom. The main floor boasts a kitchen/dinning area, living room, family room, fourth bedroom and 2 piece bathroom. This house has a 4 foot crawl space that is easy to access for extra storage. The yard will not disappoint; it sits on a 7000 sq ft lot, has room for R.V parking and has a freshly poured patio and walk way. Bring your ideas to make this great family home in an awesome location your own. Book your showing today. (id:48205)

4 Bedroom 3 Bathroom 1771
For sale Open House
$1,075,000
2744 VALEMONT CRESCENT, abbotsford, British Columbia

2744 Valemont Crescent

Abbotsford, British Columbia

Sunday May 19, 11am to 1pm: Open house. Investor's dream! Built in '76, this freshly renovated gem in West Abbotsford offers a prime opportunity. Ideal for cashflow or a family seeking their dream home. Close to shopping, schools like Ten-Broeck Elementary, Colleen & Gordie Howe Middle, and WJ Mouat Secondary. Parks aplenty with Fishtrap Creek Park just steps away. Transit is conveniently nearby. Safety assured with emergency services within 3.19km. Highstreet Shopping Centre adds convenience. With a spacious 6800+ sqft lot, envision your dream property here. Book your showing today! (id:48205)

5 Bedroom 3 Bathroom 2119
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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