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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
$1,125,000
2071 MAJESTIC CRESCENT, abbotsford, British Columbia

2071 Majestic Crescent

Abbotsford, British Columbia

Opportunity At Its Finest! Whether you are an investor, First time buyer, or a developer/builder this property is one you will want to check out. If you are looking to develop be sure to check with the city regarding zoning etc. This 4 bed, 2bath suited home is on a large flat lot that is part of the Urban infill. The property is located in a cul-de-sac that is close to all amenities. The hospital is 5 minutes away and you are less than that to get on to the freeway. These types of properties are getting snatched up fast don't miss your chance to get this one. . Be sure to have your realtor reach out as soon as possible so you don't miss your opportunity on this property! (id:48205)

4 Bedroom 2 Bathroom 2184 sqft
For sale
$1,124,000
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 sqft
For sale
$1,100,000
8 33000 MILL LAKE ROAD, abbotsford, British Columbia

8 33000 Mill Lake Road

Abbotsford, British Columbia

Over 2300 ft2 of spacious accommodation, main floor consists of entrance hall, large kitchen with separate breakfast area, large living room with 20 ft vaulted ceiling and feature fireplace, dining room with patio doors leading to a full deck with waterfront views. On the upper level, the primary bedroom has a private deck with views over the lake and Mt Baker. Large 5 piece ensuite, 2 further bedrooms and office. Large Double garage with additional storage room. Showing by private appointments only. Call Today. This one will not disappoint! (id:48205)

3 Bedroom 3 Bathroom 2369 sqft
For sale
$1,100,000
35114 LABURNUM AVENUE, abbotsford, British Columbia

35114 Laburnum Avenue

Abbotsford, British Columbia

WELCOME HOME to this family oriented 5 bed 3 bath mortgage helper basement entry home with a rare 2 bedroom legal suite with separate entrance and it's own laundry. The fabulous renters want to stay and rents for $1440 a month! Awesome location of East Abbotsford. The bright kitchen/eating area leads out to a huge sundeck. Large bright living room, dining room and family room are freshly PAINTED. Enjoy entertaining friends and family in the very private backyard on a green belt. LARGE Primary bedroom with WALK-IN closet and 4 piece ensuite, hardwood floors throughout, heat pump and a double garage. Family friendly neighbourhood, and steps to all levels of schools and transportation. Don't miss this one - book your showing NOW! (id:48205)

5 Bedroom 3 Bathroom 2748 sqft
For sale
$1,100,000
34727 1 AVENUE, abbotsford, British Columbia

34727 1 Avenue

Abbotsford, British Columbia

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

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

2604 Valemont Crescent

Abbotsford, British Columbia

STILL AVAILABLE.Well kept 5 bedrooms basement house in the most desirable area. West Abbotsford location in the Sunnyside Area. Close to amenities. Easy access to all major routes. Close to schools. Transportation and shopping mall. Close to Gurdwara. Easy access to Surrey, Vancouver and Chilliwack Two mortgage helper suites, one bedroom each side. One suite does not have a separate entrance or you can rent two bedrooms suite. All appliances are approximately 2 to 3 years old, Furnace and water tank around 2 years old, all windows and window coverings and patio door were replaced 2 years ago.Open house Saturday June8,2024 from 2 to 4 pm and Sunday June9,2024 From 1 to4pm. (id:48205)

5 Bedroom 4 Bathroom 2364 sqft
For sale
$1,099,999
4142 OLD CLAYBURN ROAD, abbotsford, British Columbia

4142 Old Clayburn Road

Abbotsford, British Columbia

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

3 Bedroom 2 Bathroom 1728 sqft
For sale
$1,099,999
3537 WALDEN STREET, abbotsford, British Columbia

3537 Walden Street

Abbotsford, British Columbia

Great family home in this quiet, desirable, east Abby location. Only a stone's throw away from Bateman Park, this unique 4 bedroom, 2 bath home with solid hardwood floors, has been lovingly maintained and nicely updated over the years. With the westerly exposed backyard, you will be treated to spectacular sunsets and mountain vistas from the covered deck, or as you watch the kids play from the panoramic kitchen windows. There is plenty of room downstairs with more bedrooms and a large tribe sized rec room with outdoor access. Allow yourself to be spoiled with 21ft above ground pool, entertainment deck, magnolia tree and veggie garden. Vehicle access to backyard and RV parking. Bonus room in garage works for office or workout area. OPEN HOUSE SUNDAY, MAY 26TH, 2 PM to 4 PM (id:48205)

4 Bedroom 2 Bathroom 2274 sqft
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! (id:48205)

6 Bedroom 4 Bathroom 2698 sqft
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 sqft
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
35823 EAGLECREST DRIVE, abbotsford, British Columbia

35823 Eaglecrest Drive

Abbotsford, British Columbia

HOT PRICE...Check out comp sale few doors away. AMAZING VIEW . This home is so PRETTY and is ready for it's new owners. On a QUIET street that leads to a cul de sac a few doors away. Located on a street of manicured homes with friendly neighbours. NEW WHITE KITCHEN with large island, gas stove and cosy gas fireplace. NO BACKYARD-MOSTLY DECK. Dog run could be built under the large upper deck. BASEMENT SUITE offers SEPARATE ENTRANCE & private covered patio, easy to make 3 beds down, 2nd bed needs a wall & closet. Long driveway can accommodate RV. Close to grocery stores, coffee shops & restaurants. Roof is 6 years & furnace is 20 yrs. PRE INSPECTED, approx $8k for code updates as bath & hood venting, further $9k in general maintenance fascia boards etc. QUICK DATES OK. (id:48205)

5 Bedroom 4 Bathroom 3002 sqft
For sale
$1,099,900
32154 MOUAT DRIVE, abbotsford, British Columbia

32154 Mouat Drive

Abbotsford, British Columbia

Perfect home for first time buyers or investors! This home has room for 3 beds up and 3 beds down! Open concept kitchen with large island open to living room and dining room + updated countertops and floors! Gas range, seating at island + built ins for more cabinet space! HUGE primary bedroom on main can be easily converted back to 2 bedrooms! Another bedroom + full bath up! Walk out to your covered patio + Huge deck space perfect for entertaining in your large backyard! 3 bedroom Basement suite with separate entry for a mortgage helper! Storage/workshop space + huge yard perfect for families! Separate laundry up/down! Centrally located to all amenities, shopping, parks, schools, and more! (id:48205)

5 Bedroom 2 Bathroom 1958 sqft
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 sqft
For sale
$1,099,900
34232 CEDAR AVENUE, abbotsford, British Columbia

34232 Cedar Avenue

Abbotsford, British Columbia

Indulge in the vast potential of this expansive 1/4-acre lot, nestled in a sought-after central location. With a 5-bedroom, 2-bathroom residence awaiting your personal touch, this property offers endless possibilities. Highlights include a generously oversized backyard, complete with mature trees and a fully fenced yard. Creating the perfect canvas for your dream outdoor retreat. Conveniently located near shopping, schools, and recreation, with easy access to major highways, this property is an ideal opportunity to craft the perfect home in a desirable setting. Perfect for the savvy investor or the upgrader wanting their own yard with room for everyone, and a mortgage helper. Check it out today! (id:48205)

5 Bedroom 2 Bathroom 2158 sqft
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
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
$1,099,888
35155 HIGH DRIVE, abbotsford, British Columbia

35155 High Drive

Abbotsford, British Columbia

Your search for a home with a BASEMENT SUITE ends here! This charming 5 bed, 2 bath with a 2 bedroom basement suite nestled on a spacious 10,890 sq ft lot is located in a vibrant neighbourhood near schools, transit, and shopping centres. This property offers the perfect blend of convenience and comfort with an open-concept layout seamlessly connects your living space to your spectacular kitchen, while the basement suite presents endless possibilities for rental income or a mortgage helper. Outside, the expansive front yard provides ample space for outdoor enjoyment with a private back yard to host events with your family and friends! Whether you're an investor or a growing family, this property is sure to impress. Schedule your viewing today and make this house your home! Close to schools , Shopping & Transit (id:48205)

5 Bedroom 2 Bathroom 2270 sqft
For sale
$1,099,000
35505 DINA PLACE, abbotsford, British Columbia

35505 Dina Place

Abbotsford, British Columbia

Welcome to your East Abbotsford home with breathtaking mountain & valley views! This spacious family residence boasts 3,000+ sqft of living space with 5 bdrms & 3 baths, offering plenty of room for everyone. Desirable great room layout is drenched in natural light thanks to abundant windows. Cooking is a breeze with your gas range! Massive covered deck is perfect for year round BBQs (nat gas R/I) while savoring the scenery. The master bedroom features a luxury ensuite and a private balcony, perfect for relaxing. Double car garage & room for the RV. The nicely landscaped, spacious lot is surrounded by mature trees, providing a serene setting. Close to parks, a golf course, shopping, and with easy freeway access, this home offers the perfect blend of convenience and comfort. Call today! (id:48205)

5 Bedroom 3 Bathroom 3091 sqft
For sale Open House
$1,099,000
34242 REDWOOD AVENUE, abbotsford, British Columbia

34242 Redwood Avenue

Abbotsford, British Columbia

Beautifully maintained & tastefully updated home in East/Central Abbotsford! Updates Incl: flooring, bathrooms, appliances, windows, furnace, fireplace. 3 spacious bdrms up plus flex room on the main - could be office or bdrm. Full bathroom on the main floor with shower. Primary bdrm has modern ensuite and lg closet. Spacious dining/living area plus family room both with gas fireplaces. Flat, south facing backyard - fully fenced with two covered patios. RV/boat parking + 4 more cars in the driveway. Double garage, 2 garden sheds & crawlspace offer plenty of storage. 1bdrm suite possibilities - separate entry through garage. Walk to shopping, schools, parks. OCP: Urban 3 - Infill, potential for up to 4 units under new BC housing rules. Great home in popular neighbourhood - don't miss out! (id:48205)

4 Bedroom 3 Bathroom 2033 sqft
For sale
$1,099,000
6477 RIVERSIDE STREET, abbotsford, British Columbia

6477 Riverside Street

Abbotsford, British Columbia

Build your dream home on 33540 sq. ft. lot in Matsqui Village, Has 1350 sq. ft. double wide Modular manufactured home with 3 bedroom and 2 bathroom plus a large shop, on city water & natural gas! Value in land. Shop/garage with cement floor is wide enough for 3 vehicles. Close to Dasmesh Punjabi school and trails. (id:48205)

1 Bedroom 1 Bathroom 1350 sqft
For sale
$1,099,000
32365 CORDOVA AVENUE, abbotsford, British Columbia

32365 Cordova Avenue

Abbotsford, British Columbia

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

6 Bedroom 3 Bathroom 2402 sqft
For sale
$1,099,000
31975 CHARLOTTE AVENUE, abbotsford, British Columbia

31975 Charlotte Avenue

Abbotsford, British Columbia

Immaculate and Impressive, This well loved and updated home is the real deal. From hardwood flooring to heritage doors, bifolds and trim there is lots to love, Over 60k spent on top of the line windows from Anderson, near new high efficiency furnace and H/W tank. Heat pump to keep you cool in the summer, recently updated Kitchen cabinets, sink, taps, countertops and back splash. Cozy family room off of the kitchen, an actual laundry room, large double garage(with storage closest) and 12 x 15 workshop/storage in the back yard with power. 3 good sized bedrooms upstairs and a den which could be a 4th Bdrm. Close to desirable schools and Rec center, there is a lot to like here. Quick possession possible. RV Parking for up to 24'. (id:48205)

3 Bedroom 3 Bathroom 2186 sqft
For sale
$1,099,000
2219 MOUNTAIN DRIVE, abbotsford, British Columbia

2219 Mountain Drive

Abbotsford, British Columbia

Welcome to stunning Mountain Village! This home is perfect for young families and investors. This house boasts stunning valley views of Mount Baker and Sumas Prairie from its vast wrap-around covered balcony, perfect for unforgettable BBQ gatherings. The main living area includes 3 spacious bedrooms and huge dining and family room with a cozy wood burning fireplace. Below, a versatile mortgage helper or in-law suite includes open concept kitchen, dining and living area also with a wood burning fireplace, 2 bedrooms, separate entrance and laundry! A 2 car garage and outdoor parking for 4 more vehicles including an RV, a 10x10 workshop and a open air deck, this property invites you to embrace a lifestyle of comfort, convenience, and endless entertainment possibilities! (id:48205)

5 Bedroom 3 Bathroom 2291 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