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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
$775,000
124 3080 TOWNLINE ROAD, abbotsford, British Columbia

124 3080 Townline Road

Abbotsford, British Columbia

Very functional layout townhome for growing family in West Abbotsford. Three bedrooms, Kitchen and Living area on main floor with a open concept kitchen. It gives the feeling of a basement entry home. Clean, well maintained and renovated townhome. Big balcony for summer enjoyments and gardening hobby. Mom can watch playing children while working in the kitchen. All levels of schools on a walking distance. Lots of parking space in the common property for extra vehicles and for visitors. Low strata fees. Grocery stores and high street shopping mall nearby. Easy access to highway 1. (id:48205)

3 Bedroom 2 Bathroom 1451
For sale Open House
$774,900
602 2555 WARE STREET, abbotsford, British Columbia

602 2555 Ware Street

Abbotsford, British Columbia

Welcome to the Heart of Mill District: An Airy and Bright Retreat Step into this spacious 1,404 sq ft top-floor corner unit, boasting abundant natural light and panoramic views. With three extra-large folding glass doors leading to a sprawling wrap-around deck overlooking Mill Lake and the majestic mountains, tranquility awaits. Inside, an open-concept floor plan with 10' ceilings in the living room and dining room creates a sense of spaciousness and elegance. Two bedrooms, two full baths, air conditioning, and two side-by-side underground parking stalls ensure convenience and comfort. For the culinary enthusiast, a chef's kitchen awaits with a gas stove and generously sized island, offering ample workspace for culinary creations. Conveniently located near Mill Lake Park. (id:48205)

2 Bedroom 2 Bathroom 1404
For sale Open House
$774,800
39 30930 WESTRIDGE PLACE, abbotsford, British Columbia

39 30930 Westridge Place

Abbotsford, British Columbia

Welcome to BRISTAL HEIGHTS a SOUGHT AFTER community by Polygon! This 3 Bed, 3 Bath CORNER unit features a sleek and modern design, a super bright open concept floorplan, 9' ceiling, huge windows, and luxury laminate wood flooring! Boasting a GOURMET KITCHEN with custom-designed cabinetry, sleek stainless steel appliances, full tile backsplash, quartz countertops, a HUGE island for entertaining & a charming deck. The master ensuite upstairs features double sinks and a spa shower. Downstairs, enjoy your double-car garage and convenient storage. Close to HWY 1, Shops and Restaurants. This unit is perfectly situated across from the playground, PERFECT for small children! Equipped with FANTASTIC amenities, which include an outdoor pool, hot tub, gym, a HUGE clubhouse & guest suite! Call today! (id:48205)

3 Bedroom 3 Bathroom 1367
For sale
$773,000
901 32440 SIMON AVENUE, abbotsford, British Columbia

901 32440 Simon Avenue

Abbotsford, British Columbia

Its all about the VIEWS!!! & stunning renovations!! Welcome to this beautiful 2 bedrooms, 2 washrooms open concept Corner unit with 100sqft balcony. This apartment welcomes you with handcrafted Scandinavian vestibule, lots of windows for natural lighting and panoramic Southwest views and Mt Baker. Living room boosts Linear Napolean fireplace, engineered hardwood flooring throughout. Brand new kitchen cabinets and washroom vanities. Energy efficient lighting, Shado-matic remote operated blinds. This place has got long list of updates. Its one of a kind unit. Building amenities include indoor swimming pool, hot tub, Sauna, Gym, Pool table. Meeting room & a workshop. Walking distance to grocery stores and resturants. Book your showing now. (id:48205)

2 Bedroom 2 Bathroom 1241
For sale Open House
$769,500
20 33860 MARSHALL ROAD, abbotsford, British Columbia

20 33860 Marshall Road

Abbotsford, British Columbia

Beautiful 3 bedroom with a flex room unit with 3.5 bathrooms (Flex room can be the 4th bedroom) Minutes away from Shopping,Recreation, close to UFV and Abbotsford Hospital. Showcases modern finishing and a calming colour pallet. Home features a fenced backyard, flexible open plan layout with a gourmet kitchen featuring granite countertops, backsplash and beautiful cabinetry. Marshall Mews has been professionally designed and finished with crown mouldings, window casings, upgraded fixtures and lighting throughout the 3 finished floors. Don't miss out! Move in as soon as you want! ** Open House May 4 2024 12pm-2pm / May 5 2024 1pm-3pm ** (id:48205)

3 Bedroom 4 Bathroom 1625
For sale
$754,900
94 30530 CARDINAL AVENUE, abbotsford, British Columbia

94 30530 Cardinal Avenue

Abbotsford, British Columbia

Highstreet Village is a 12-acre master planned community located directly across from Highstreet Shopping Centre including 600,000 SQ/FT of retail, restaurants, VIP Movie theatre & more. Comprised of 131 townbomes and 9 condominium buildings, amenities include a lounge, kitchen & virtual zoom rooms. The development has several schools nearby, located closely off Highway 1, a 6-minute drive to the Abbotsford International Airport,15 minutes from US Boarder and 10 min drive to downtown Abbotsford. (id:48205)

3 Bedroom 3 Bathroom 1317
For sale
$750,000
62 32310 MOUAT DRIVE, abbotsford, British Columbia

62 32310 Mouat Drive

Abbotsford, British Columbia

A very nice 2 storey, 3-bedroom 2-bathroom townhouse has a private backyard and is located in Mouat Gardens, near rotary stadium , walking distance to Gordie Howe middle School , WJ Mouat secondary School and Matsqui recreation centre. This home shows extremely well with recent updates like new kitchen countertops , kitchen cabinets, new paint new roofing 2022. Please call to book your private showing . (id:48205)

3 Bedroom 2 Bathroom 1224
For sale
$750,000
34587 2 AVENUE, abbotsford, British Columbia

34587 2 Avenue

Abbotsford, British Columbia

Attention investors or first time buyers! Great opportunity to get into the real estate market or looking for a rental investment property. This property has C4 commercial zoning. Opportunity to build 2 levels with a shop, retail, restaurants below and have living accommodations above. Check with the city to confirm zoning bylaw. Generate an income with home rental while you wait to develop. Property has an existing 1282sqft rancher with 4bdrm, 2bath and a detached garage. Call today for more information! (id:48205)

4 Bedroom 2 Bathroom 1282
For sale Open House
$749,900
76 30989 WESTRIDGE PLACE, abbotsford, British Columbia

76 30989 Westridge Place

Abbotsford, British Columbia

BRIGHTON at WESTERLEIGH - Welcome to this beautiful 3 bedroom, 3 bathroom townhome at Westerleigh. This bright & spacious unit has many great features including 1,350 sq. ft. of living space, open-concept layout, 9' ceilings, SS appliances, cozy walk out patio, fully fenced yard & 2 car tandem garage. Only steps away from the Discovery Trail, all levels of schools, Bolt Fitness Centre, Sikh Temple, churches, shopping & offers easy access to Hwy 1. Owners can take advantage of a membership to Club West, Westerleigh's resort-style private clubhouse with outdoor pool/hot tub, fitness studio, fireside lounge, hockey room, pool room & theatre room. This complex is pet friendly, allows 2 cats or 2 dogs! You will love it here, come bring the family and have a look today!! (id:48205)

3 Bedroom 3 Bathroom 1350
For sale Open House
$749,888
17 2950 LEFEUVRE ROAD, abbotsford, British Columbia

17 2950 Lefeuvre Road

Abbotsford, British Columbia

Come check out this GORGEOUS townhome at Cedar Landing, a private complex nestled amongst protected Cedar Trees in Aberdeen. This beautiful townhome has a great open concept layout & boasts 3 spacious bedrooms, 3 bathrooms, 1,527 sq. ft. of living space, Quartz countertops, dark wood kitchen cabinets, SS appliances, large bright windows, crown mouldings throughout, in suite laundry, 2 car tandem garage & a rare walk out backyard that backs onto green space & is accessible right off the main floor/kitchen! Located right near the Aldergrove/Abbotsford border, Aldergrove Community Center, parks, schools, transit, shopping, restaurants, easy Hwy access and more! This is an amazing community with low strata fees & allows pets! Call today to book your own private showing! (id:48205)

3 Bedroom 3 Bathroom 1527
For sale Open House
$749,000
165 30930 WESTRIDGE PLACE, abbotsford, British Columbia

165 30930 Westridge Place

Abbotsford, British Columbia

Welcome to Bristol Heights by Polygon! One of the best masterplanned communities in Abbotsford. Convenient location close to EVERYTHING, HYW 1, Highstreet Shopping Centre, and Walmart Supercenter. Steps to childcare, all level schools, and Townline park. This 2 bedrooms, 3 bath unit is only 3 years old with SIDE-BY-SIDE garage and storage room. This SUPER CLEAN townhome features open and bright concept on main floor with 9'' ceiling, a huge island with quartz countertop, spacious custom-designed cabinetry, and a large enclosed yard on the main. Upstairs, enjoy your master bedroom and double-sink ensuite, side-by-side washer and dryer in the laundry. Lots of amenities, kids playground, gym, swimming pool, theatre room and more! MUST SEE! (id:48205)

2 Bedroom 3 Bathroom 1295
For sale
$735,000
5 33020 MACLURE ROAD, abbotsford, British Columbia

5 33020 Maclure Road

Abbotsford, British Columbia

LOVE WHERE YOU LIVE !! ADULT LIVING 55+ 3 BDRM RANCHER WITH W/O BASEMENT in WILLBAND CREEK ESTATES. BACKS ON TO CREEK AND GREENSPACE. Updates on the main floor include a RENOVATED KITCHEN that will appeal to anyone who loves to cook or bake, UPDATED MAIN BATHROOM, fresh paint, lighting and flooring. Cozy living room with fireplace. Formal dining room for entertaining. Large rec room down with GUEST BEDROOM- 3 piece bathroom and 547 sq ft of unfinished space great for a workshop or hobby area. Find PEACE AND SERENITY on either the partially covered sundeck or walk out patio. Pets allowed w/restrictions. NEW FURNACE AND AIRCONDITIONING. Close to shopping, recreation, and transit. Well managed complex, RV parking available. (id:48205)

3 Bedroom 3 Bathroom 2650
For sale
$732,000
77 32633 SIMON AVENUE, abbotsford, British Columbia

77 32633 Simon Avenue

Abbotsford, British Columbia

Welcome home to Allwood Place, nestled just steps from Abbotsford's vibrant centre. This 1362 sqft 3bed/3bath townhome blends modern elegance w comfort. The heart of the home is a large open plan kitchen equipped w white quartz countertops & high end stainless steel appliances, perfect for entertaining. The living area boasts contemporary wide plank laminate flooring & leads to balcony w lovely unobstructed views of courtyard & mountains. Primary bedroom includes ample walk through closet space & ensuite. Additional highlights include powder room on main, attached tandem garage & fenced backyard. Residents enjoy access to the Alder Club w top-notch fitness & yoga facilities, along w easy freeway access & proximity to shops & dining. Experience stylish, convenient living at Allwood Place. (id:48205)

3 Bedroom 3 Bathroom 1362
For sale
$729,900
504 3182 GLADWIN ROAD, abbotsford, British Columbia

504 3182 Gladwin Road

Abbotsford, British Columbia

Experience luxury penthouse living in Central Abbotsford at the beautiful Natura! This rare offering of top-floor two-bed, two-bath condo offers a nearly 600 sq ft terrace with private Horn Creek Park and sunrise views. Enjoy the many features including 14' living room vaulted ceiling, A/C, two secure underground parking stalls, a private EV charger and storage on your floor. Natura is just two years young and offers great amenities such as lobby lounge, bike room, massive outdoor patio, rooftop patio with BBQ, games room with full kitchen and two elevators. One cat and dog welcome and reasonable strata of 340/month. Check it out! (id:48205)

2 Bedroom 2 Bathroom 907
For sale Open House
$729,000
12 2799 ALLWOOD STREET, abbotsford, British Columbia

12 2799 Allwood Street

Abbotsford, British Columbia

Located just north of Allwood Street and South Fraser Way, Allwood Place is within walking distance of shops and services but tucked away from the hustle and bustle of Abbotsford's main corridor. This approx. 1300 sqft, 3 bed townhome features an entertainer style kitchen with white quartz countertops and sleek stainless steel whirlpool appliance package, contemporary wide plank laminate flooring throughout and a spacious balcony & a patio and backyard on the ground floor for gardening and entertaining. Master bedroom boasts a walk in closet leading to a private ensuite. Includes a extra long garage for easy storage. Stay active close to home with the Alder Club private amenities including a large, fully equipped gym , yoga and meditation space. (id:48205)

3 Bedroom 3 Bathroom 1305
For sale Open House
$729,000
22 31032 WESTRIDGE PLACE, abbotsford, British Columbia

22 31032 Westridge Place

Abbotsford, British Columbia

Bright 3 Bedroom and 2 bathroom in Harvest at Westerleigh! Enjoy the freshly painted home and laminate wood flooring throughout the main floor. The spacious kitchen features stainless appliances, gas cooktop, granite stone counter & ample of cabinet space. The kitchen area opens to the private balcony to enjoy your afternoon tea & BBQ in the Summer. Spacious tandem garage for 2 cars + storage. Close to all amenities, great schools (private and public), easy access to highway and beautiful nature trails in the area. Residents also have full access to Club West: resort style amenities including outdoor pool, hot tub, fireside lounge, theatre, games room, hockey room and so much more. Best location in the complex as clubhouse is right across the street! Don't miss out! Pets & rental friendly! (id:48205)

3 Bedroom 2 Bathroom 1316
For sale
$725,000
46 30930 WESTRIDGE PLACE, abbotsford, British Columbia

46 30930 Westridge Place

Abbotsford, British Columbia

This bright 2 bed 3 bath home boasts 9' ceilings on the main floor, laminate wood-style flooring, large windows, and a spacious deck off the dining area. The chef's kitchen features custom-designed cabinetry, polished chrome hardware, sleek stainless steel appliances, engineered stone countertops, full-height tile backsplash, and a generous island. Upstairs, the spa-inspired ensuite adds luxury to everyday life, while downstairs the side-by-side double garage. Copy and paste this link to your browser to view the strata documents: https://drive.google.com/drive/folders/1HeSq2vVhcz9bhf5-pNoY-pY5dk_q6RsV?usp=sharing (id:48205)

2 Bedroom 3 Bathroom 1301
For sale
$724,999
11 2241 MCCALLUM ROAD, abbotsford, British Columbia

11 2241 Mccallum Road

Abbotsford, British Columbia

"Presenting an exceptional townhome featuring four bedrooms, two bathrooms. Advantageous low strata fees, and convenient proximity to Hwy 1, & the University of Fraser Valley . This property boasts close proximity to essential amenities including hospitals, shopping centers, parks, and educational institutions of all levels. Enjoy the added convenience of a south-facing fenced backyard with a storage shed. With no age restrictions, seize this opportunity without delay! (id:48205)

4 Bedroom 2 Bathroom 1543
For sale
$724,900
34 3015 TRETHEWEY STREET, abbotsford, British Columbia

34 3015 Trethewey Street

Abbotsford, British Columbia

Birch Grove Terrace! 4 bedroom 4 bathroom 3 level townhouse. Big Recroom and bedroom in the basement. Many updates including newer flooring, carpet, blinds bathrooms, moldings, doors, new furnace 2017, paint and more! Real wood fireplace with electric fireplace insert. Walking distance to Rotary stadium. Great family complex close to all levels of schools and shopping! (id:48205)

4 Bedroom 4 Bathroom 1980
For sale
$719,900
20 1968 NORTH PARALLEL ROAD, abbotsford, British Columbia

20 1968 North Parallel Road

Abbotsford, British Columbia

Parallel North! Clean, well maintained, 3 bedroom, 3 bathroom townhouse in East Abby. Only 7 years old, with a beautiful, contemporary white kitchen, stainless steel 6 appliances, and quartz countertops. Step out of the dining room onto the patio into a fenced backyard. Upstairs, there are good-sized bedrooms, and the primary bedroom has a 4-piece ensuite. Side-by-side laundry is also a nice feature. Huge, double garage, for side-by-side parking, plus ample room for extra storage. Heated storage room off the garage. Visitor parking stalls right beside this unit make it easy for guests to swing by. Quick possession. (id:48205)

3 Bedroom 3 Bathroom 1348
For sale
$718,000
16 2505 WARE STREET, abbotsford, British Columbia

16 2505 Ware Street

Abbotsford, British Columbia

Welcome to dreamy CORNER town home living at Mill District. Rare offering w/extra light & windows feat a large FENCED patio/yard space off the main floor. Built in 2019, this spacious 2 bed + 3 bath home features open concept living, generous 9" ceilings, A/C, laminate floors, office for work from home professionals, tons of storage space, deep\ soaker tub, and quality finishes throughout. Modern kitchen offers S/S appliances, elegant quartz counters, herringbone tile backsplash, soft-close cabinets, and kitchen island with breakfast bar. Floor to ceiling windows in primary bedroom, large walk-in closet, frameless glass shower, king sized bed, + double sinks. Tandem secured garage, rentals and pets allowed. Walk to Mill Lake, Sevenoaks Shopping, schools, parks, and more. Not to be missed! (id:48205)

2 Bedroom 3 Bathroom 1262
For sale
$718,000
73 34332 MACLURE ROAD, abbotsford, British Columbia

73 34332 Maclure Road

Abbotsford, British Columbia

Beautiful 4 bed 4 bath townhouse unit located in the sought after Immel Ridge Complex! Tons of natural light in open concept living and dining rooms with an updated kitchen! Master bedroom with modern ensuite including walk-in shower and bath! Versatile rec room downstairs which can double as another bedroom. Balcony, back deck and amazing nearby park to enjoy the great outdoors in this family and pet friendly neighborhood! Walking distance to schools and shopping with easy access to Highway 11! Don't miss out on this prime opportunity in a spacious and well cared for location! (id:48205)

4 Bedroom 4 Bathroom 2079
For sale Open House
$715,888
28 31125 WESTRIDGE PLACE, abbotsford, British Columbia

28 31125 Westridge Place

Abbotsford, British Columbia

Discover the charm of Kinfield at Westerleigh in vibrant West Abbotsford, the perfect family-friendly complex. Enjoy an array of amenities such as an outdoor pool, clubhouse, theater, gym, and guest suite. This immaculate property offers 3 bedrooms, 2 bathrooms, and overlooks the front playground with a private fenced yard. Nestled in a serene corner with ample visitor parking, it's just minutes from High Street Mall and within walking distance to Townline Hill Park, Harry Sayers Elementary, and Rick Hansen Secondary. This is the ideal place to create lasting memories with your family. Come check this home before its gone! (id:48205)

3 Bedroom 2 Bathroom 1230
For sale Open House
$709,900
18 31032 WESTRIDGE PLACE, abbotsford, British Columbia

18 31032 Westridge Place

Abbotsford, British Columbia

Don't miss out on this unique unit in Westerleigh! Step into luxury with this 2-bedroom, 2-bathroom showcase home by POLYGON. Enjoy intricate woodwork, engineered flooring, and stylish glass cabinetry. Plus, find designer fixtures, built-in features, and a convenient office area. With sidewalk access and a tandem garage, it's a breeze. Nearby, enjoy a resort-style pool and CLUB WEST's amenities. Close to HWY 1 and HIGH STREET MALL, this is an opportunity not to be missed! (id:48205)

2 Bedroom 2 Bathroom 1308
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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