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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 Open House
$999,999
2901 CROSSLEY DRIVE, abbotsford, British Columbia

2901 Crossley Drive

Abbotsford, British Columbia

Discover this charming 4-bed, 3-bath home on a desirable corner lot on Crossley Drive, renowned in Abbotsford as one of the best streets to live on. Bright interiors flooded with natural light welcome you. The chef's kitchen boasts sleek countertops and ample storage. Find tranquility in the master suite's ample closet space. Benefit from the valuable unauthorized mortgage helper for added flexibility and income. Enjoy entertaining in the spacious fenced yard. Features include an oversized hot water tank, Lennox furnace, updated kitchen countertops and lighting, renovated downstairs bathroom, pot light upgrades, new laminate flooring, and hardwood floors upstairs. The basement suite's power was upgraded last year. Close to transit, shopping, schools, parks. Open house May 18 + 19 2-4PM. (id:48205)

4 Bedroom 3 Bathroom 2488
For sale Open House
$999,999
35216 MCKEE ROAD, abbotsford, British Columbia

35216 Mckee Road

Abbotsford, British Columbia

East Abby Gem! Stunning, fully renovated, family home! Your new home boats 5 bedrooms, 3 bathrooms, including an ensuite. Updates include new windows, kitchen, stainless steel appliances, bathrooms, flooring, fireplaces, heating, air conditioning, plumbing, wiring, vaulted ceilings, siding, and the list goes on. This home is perfect for the growing family, backing on to private greenspace, with a fully fenced yard. Located close to shopping, recreation, great schools, in one the best locations in Abbotsford. You have to come take a look, don't miss out on your opportunity to live in East Abbotsford! Great Home, Great Location, Great Price! (id:48205)

5 Bedroom 3 Bathroom 2031
For sale Open House
$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. OPEN HOUSE Sat. May 11th 2-4pm (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
$999,000
32465 MARSHALL ROAD, abbotsford, British Columbia

32465 Marshall Road

Abbotsford, British Columbia

Attention Investors and First-Time Homebuyers! Introducing an ideal property featuring 3 bedrooms and 2 baths alongside a versatile den. Step onto the new deck extending from the dining room, perfect for hosting BBQ gatherings. The spacious kitchen seamlessly flows into the dining area, offering an ideal setup for entertaining guests .a drive-through garage with ample parking, catering to your RV, boat, or other recreational vehicles and EV charging. Downstairs, the fully finished basement includes a bedroom, a full bath, and a den, presenting the potential for a separate suite. Enjoy the convenience of walking distance to schools, shopping centers, parks, and effortless access to the highway .Don't miss out on this exceptional opportunity! Open House 19th Sunday 2 to 4 (id:48205)

3 Bedroom 2 Bathroom 1967
For sale Open House
$999,000
2924 OLD CLAYBURN ROAD, abbotsford, British Columbia

2924 Old Clayburn Road

Abbotsford, British Columbia

This beautifully renovated family home with exceptional value could be yours! It offers 3 bedrooms on the main floor, alongside a versatile basement featuring a spacious rec room, additional bedroom, and bathroom - ideal for teenagers or extended family. Step into the expansive 7800 flat sq ft fenced backyard, for endless hours of fun and entertaining. It is also wired for a hot tub and RV, with extra RV parking available. Enjoy the convenience of being steps away from restaurants, Café Amarti and shopping at Choices Market plus more! There's easy access to Hwys 1 & 11, and walking distance to Margaret Stenersen Elementary School. This family friendly home is a must-see! Open House May 18th & 19th from 2pm - 4pm. (id:48205)

4 Bedroom 2 Bathroom 1885
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
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
For sale
$995,000
35288 MCKEE ROAD, abbotsford, British Columbia

35288 Mckee Road

Abbotsford, British Columbia

Discover this beautiful East Abbotsford home! Situated on a spacious corner lot, this renovated 5 bed, 3 bath single-family residence boasts newer vinyl windows, appliances, and a fully fenced yard. Enjoy the convenience of nearby schools and transit. With an open concept layout, large rec room, flex room downstairs, and RV parking available, this home offers both space and functionality. Don't miss out on this opportunity! (id:48205)

5 Bedroom 3 Bathroom 2058
For sale
$990,000
2118 OAKRIDGE CRESCENT, abbotsford, British Columbia

2118 Oakridge Crescent

Abbotsford, British Columbia

Location! This 3 bed 2 bath home located in west Abbotsford sits on 6700 SQFT lot within walking distance to all amenities and easy access from Hwy 1, currently property on rent or Build your dream home just like other neighboring properties in the neighbor. Rezoning already happened, Building plan ready for 3 level 6000sqft house Please verify with the city of Abbotsford for more details. (id:48205)

3 Bedroom 2 Bathroom 1100
For sale
$988,888
34065 HAZELWOOD AVENUE, abbotsford, British Columbia

34065 Hazelwood Avenue

Abbotsford, British Columbia

Great value!Delightful split level in rural setting yet close to everything!! 4 bedroom, 3 bathroom home on the east side for under 990K! Master bedroom has ensuite. Super Affordable, catchments to great schools; Bateman & Marg. Stenerson schools. Updated flooring and kitchen. Backs onto park. Easy access to Abbotsford/Mission Highway. Close to shopping.Awesome 2-storey playhouse, fenced backyard backs onto park. Lots of storage in garage or cemented crawlspace..Great starter.Won't last so call now! (id:48205)

4 Bedroom 3 Bathroom 1658
For sale
$980,000
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. ***** open house cancelled ***** (id:48205)

5 Bedroom 2 Bathroom 1996
For sale Open House
$979,000
2 36260 MCKEE ROAD, abbotsford, British Columbia

2 36260 Mckee Road

Abbotsford, British Columbia

Nestled among nature is King's Gate! Welcome to this super large 3bdrm, 4bath townhome! The open foyer leads to the living rm /dining area w/high ceilings throughout. Enjoy the heart of the home in the bright & spacious kitchen w/ modern cabinets, lighting, farm house sink & stovetop. Open family room w/ cozy gas fireplace, accesses the sun soaked deck. Upstairs 3 large bdrms, full bath, incl the Primary w/ gorgeous crown mouldings, ceiling fan, walk in 'California closet' & a 5 pce spa like tub! Tons of options for the massive Rec Room..family, entertaining, games room, theatre? All next to the walk out patio. Quiet and gated, just steps to the legendary Ledgeview Golf Club & Tavern on the Green, hiking trails & more! 2 car garage, A/C, built in vac. Pets Welcome! OPEN HOUSE 18/SAT 1-4PM! (id:48205)

3 Bedroom 4 Bathroom 2581
For sale
$974,900
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, 2 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
$968,000
1 31445 RIDGEVIEW DRIVE, abbotsford, British Columbia

1 31445 Ridgeview Drive

Abbotsford, British Columbia

Truly EXQUISITE! Very rare, Executive DETACHED 3 bed/3bath townhome, 55+ RANCHER w/ walkout bsmt. EVERYTHING has been done, nothing to do but move-in & enjoy! STUNNING mtn. views, & gas BBQ hookups on the balcony & lower patio. Vaulted ceilings, BI-Vac, gleaming HW floors, freshly-painted exterior & all brand-new plumbing (NO Poly-B!). Newer: Roof, Furnace, Central AC, HW tank, & appliances. Master has WI closet & spa-like Ensuite w/ WI shower & jacuzzi soaker tub. Wet bar, huge recrm, bedrm & flex rm down. Dbl garage + driveway to park 4 cars, PLUS this home comes w/ an RV parking spot (pre-paid till Nov)! Home is wired for an alarm, has a digital control system, & has sep. 30-amp service in garage for EV/RV charging if needed! Awesome clubhouse & gorgeous grounds w/ a lake & fountains. (id:48205)

3 Bedroom 3 Bathroom 3605
For sale Open House
$958,999
34711 2 AVENUE, abbotsford, British Columbia

34711 2 Avenue

Abbotsford, British Columbia

Discover the epitome of hassle-free living in the heart of Huntingdon Village, Abbotsford. This immaculate, LIKE NEW home is tailor-made for both first-time buyers and empty nesters, offering the perfect blend of comfort and sophistication. On the main floor, relish the luxury of heated flooring and an inviting open floor plan beneath high vaulted ceilings in the living room. Cozy up by the fireplace, and delight in the convenience of a master bedroom with ensuite, all on the same level. Step outside to your own entertainer's paradise on the patio, featuring an outdoor BBQ area equipped with a BBQ, sink, mini fridge, heaters, and screens - perfect for hosting gatherings. Upstairs, you'll find a second bedroom and a generously sized office space that can easily transform into a third bedroom. Plus, enjoy the efficiency of a tankless water heater. Why pay high strata fees when you can have it all in your very own home? Welcome to a new chapter of effortless living! (id:48205)

2 Bedroom 3 Bathroom 1692
For sale Open House
$950,000
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
$949,999
2665 SUNNYSIDE STREET, abbotsford, British Columbia

2665 Sunnyside Street

Abbotsford, British Columbia

Welcome to your dream home nestled on Sunnyside Street, where luxury intertwines with comfort and breathtaking views of Mount Baker await you. This exquisite 1/2 duplex not only boasts a premium location but also offers an array of desirable features meticulously crafted to elevate your lifestyle. Step into the heart of the home, where an extensive kitchen island redefines culinary experiences. Equipped with premium appliances, tasteful finishings, and modern conveniences like furnace and hot water on demand. The home's modern design and layout seamlessly blend style with functionality, offering a basement area with a separate entry and a full washroom for for nanny suite . Huge attic space with full height. Walking distance to Ten-broek elementary, shops, and rec. (id:48205)

3 Bedroom 4 Bathroom 1656
For sale
$949,900
2815 MAPLE STREET, abbotsford, British Columbia

2815 Maple Street

Abbotsford, British Columbia

This home has a lot of charm and character. Large kitchen that can accommodate an island with access to the back yard and garage. The loft is unique with a good size bedroom and open area for an office or play area for the kids. Unfinished basement so bring your ideas to complete this 871sq.ft area. Walk to downtown Abbotsford to enjoy a variety of boutique shopping and your choice of restaurants. Close to schools, easy access to hwy 11 and a great place to go for a walk. Or check with the city of Abbotsford for development of the site. Come and check it out . (id:48205)

3 Bedroom 1 Bathroom 2291
For sale
$949,900
37795 NORTH PARALLEL ROAD, abbotsford, British Columbia

37795 North Parallel Road

Abbotsford, British Columbia

Handyman special sitting on .8 acres on the Sumas Prairie. Perfect for investors or first-time homebuyers. There is great potential with this lovely little home on the prairie. Call today and bring your offer! (id:48205)

2 Bedroom 1 Bathroom 984
For sale
$949,888
34595 2 AVENUE, abbotsford, British Columbia

34595 2 Avenue

Abbotsford, British Columbia

Attention investors! We have an exceptional investment property near the Sumas border, perfect for both business and personal use. Situated on a massive 8600+ sq ft lot with 2 road frontages, this 3 bedroom/1 bathroom rancher offers great access with ample parking. Currently zoned as C4 with city plans for conversion to C4 secondary commercial, presenting a multitude of business opportunities and a high exposure location. Adjoining property is also available for sale, the home is fully tenanted for $2000/m on a m2m basis; choose one or more to suit your business size or to enhance your investment potential with monthly cash flow. Consider building a large shop with living/office space above; the options are limitless. Book your private showing today! (id:48205)

3 Bedroom 1 Bathroom 1200
For sale
$949,000
2816 CLEARBROOK ROAD, abbotsford, British Columbia

2816 Clearbrook Road

Abbotsford, British Columbia

Prime investment opportunity! Fully renovated 3-bed 2-bath, best priced single-family home in West Abbotsford. Designated by the city for Urban 1- Midrise Potential allowing for future condo development, making this a great holding property as you plan for development! This home inside offers ample space to live in, and sufficient storage with a crawl space beneath. Close to Shopping, Rec Centre, Schools & Restaurants. Don't miss out on this incredible opportunity with endless potential! (id:48205)

3 Bedroom 2 Bathroom 1910
For sale
$939,900
2839 WOODLAND STREET, abbotsford, British Columbia

2839 Woodland Street

Abbotsford, British Columbia

Location, location, location! Amazing opportunity for first time buyers or active retirees. Charming one level 3-bedroom rancher situated on a quiet street. Fenced yard provides a secure space for kids & pets to play. This home is within walking distance of all levels of schools, shopping, dining & great recreational facilities. Check out the little park just down the street! Lots of room for vehicles & a single car enclosed garage with workbench. The location offers easy access to Hwy #1 & Hwy #11. Great alternative to strata living without all the rules & restrictions. This property is in a re-emerging area of Central-East Abbotsford and is zoned RS3-i (OCP: urban 3 infill) which makes this either a perfect buy or hold investment property. Drive down Woodland Street & you'll fall in love (id:48205)

3 Bedroom 1 Bathroom 1016
For sale
$935,900
14 36099 MARSHALL ROAD, abbotsford, British Columbia

14 36099 Marshall Road

Abbotsford, British Columbia

This stunning 2,186 sq. ft., 3 level - 1/2 duplex/townhouse is perfectly situated in the Uplands, a private and well maintained 16 unit strata development surrounded by greenspace and panoramic mountain views; close to everything you love about East Abbotsford. Inside you'll fall in love with a brand new custom Kitchen with high-end appliances, huge island for entertaining, 9 FT ceilings, and wide open living space with light pouring in from three directions. The family room walks out onto a +/-300 sq. ft. covered patio, to be enjoyed year-round. 3 large BRs and 2 fully renovated baths upstairs, with BR #4 and Bath #3 downstairs, that works great as a guest suite or perfect for an older child or parent. Double garage, new furnace and HW tank, and central AC! Move in, and enjoy! (id:48205)

4 Bedroom 3 Bathroom 2186
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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