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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
$879,900
2734 SANDON DRIVE, abbotsford, British Columbia

2734 Sandon Drive

Abbotsford, British Columbia

Introducing a fantastic 3-bedroom rancher bungalow in the heart of East Abbotsford on 5200 sqft Lot, nestled on Sandon Drive. This charming 1/2 duplex offers a comfortable and spacious living environment, perfect for those seeking the ideal blend of style and functionality. Three generously sized bedrooms. HUGE covered Patio. New windows and siding. Newer kitchen cabinets, paint and laminate floors. Updated bathrooms. With its prime location, this property provides easy access to all the amenities and conveniences East Abbotsford has to offer. Step inside to discover a thoughtfully designed layout, boasting a bright and welcoming ambiance. Call today to book your private showing! (id:48205)

3 Bedroom 2 Bathroom 1525
For sale
$875,000
14 3635 BLUEJAY STREET, abbotsford, British Columbia

14 3635 Bluejay Street

Abbotsford, British Columbia

**BEST LOCATION in WEST ABBOTSFORD **CORNER UNIT WITH FULLY RENOVATED and biggest 2600sqft home in a Peaceful and quit Country Ridge! Detached Townhouse in well desired location and family complex. This home has 4 bedrooms and 3 full baths very spacious home Double full sized garage with plenty of visitor parking. Basement features a large rec room with bedroom & bath. NEW Kitchen, NEW Bathroom, NEW Floor, NEW Paint. Well maintained & landscaped complex. Close to the High Street Mall and all levels of schools, SIKH TEPMLE, rec centre, parks, Hwy access. (id:48205)

4 Bedroom 3 Bathroom 2610
For sale
$875,000
34740 3 AVENUE, abbotsford, British Columbia

34740 3 Avenue

Abbotsford, British Columbia

*BUILDER/DEVELOPER ALERT: Potential 2-lot subdivision with lane-way access.* Built in 1980, this Abbotsford property is a golden opportunity for builders, developers, investors, or first-time buyers. Located in the desirable Huntingdon area, it's close to Costco, abundant shopping, and dining options like Cactus Club Café. With a transit stop just 0.12 KM away, easy access to Abbotsford Regional Hospital at 5.21 KM, and nearby amenities such as Huntingdon Park, Envision Athletic Centre, and designated catchment schools, it's ideal for families and investors alike. Beyond its prime location, this property offers potential as a 2-lot subdivision with lane-way access, making it a rare find with endless possibilities for development or cashflow. Don't miss out on this exceptional opportunity! (id:48205)

2 Bedroom 2 Bathroom 1450
For sale
$870,000
14 2530 JANZEN STREET, abbotsford, British Columbia

14 2530 Janzen Street

Abbotsford, British Columbia

Welcome to a stylish 3-bedroom, 2.5-bathroom townhouse that seamlessly combines modern living with investment potential. This home boasts a contemporary design, spacious interiors, and a sleek kitchen. What sets it apart? A legal one-bedroom suite, providing not just additional living space but also generating a solid $1,100 in rental income. Whether you're seeking a comfortable residence or a savvy investment, this property offers the best of both worlds. Explore the possibilities and make this townhouse your ideal home with added financial perks! (id:48205)

4 Bedroom 4 Bathroom 1850
For sale
$869,000
114 4001 OLD CLAYBURN ROAD, abbotsford, British Columbia

114 4001 Old Clayburn Road

Abbotsford, British Columbia

This absolutely stunning townhouse has had 250k worth of upgrades. You will appreciate the heat pumps, A/C, hot water on demand, custom maple cabinets, S/S appliances, heated kitchen / bathroom floors, remote control blinds, motion sensor lighting & so much more. Enjoy lounging with a cup of coffee or glass of wine on your private deck overlooking green space. This highly sought after 31 acre complex offers an indoor pool, fitness area, library, RV storage, beautiful ponds/water features, as well as great walking trails that meander through the grounds. Conveniently located close to services and amenities. Golf, biking, hiking and so much more will further enhance your lifestyle. This 1625 sq ft townhome sets the bar high for quality, you will be very proud to call this place your home! (id:48205)

2 Bedroom 2 Bathroom 1625
For sale
$868,000
18 2033 MCKENZIE ROAD, abbotsford, British Columbia

18 2033 Mckenzie Road

Abbotsford, British Columbia

Welcome to the MARQ! Corner unit provide extra lights and space. Built in 2021, this home offers four bedrooms and three bathrooms. Conveniently located near the University of the Fraser Valley and McCallum Junction, you'll find restaurants, gyms, and shopping nearby. The main floor, set in a beautifully landscaped backdrop, features a bright living room, spacious kitchen with modern amenities, and a restroom. The top floor consists of three bedrooms, including a master suite with ensuite and laundry. The lower level can serve as an additional bedroom or office. No age restrictions apply. Call your realtor for private showing (id:48205)

4 Bedroom 3 Bathroom 1677
For sale Open House
$859,900
51 33922 KING ROAD, abbotsford, British Columbia

51 33922 King Road

Abbotsford, British Columbia

Welcome to Kingsview Estates, a very highly desirable 55+ "GATED" Complex. This End Unit home is well maintained and is 2466 SQ/Ft and is perfectly located in the complex and boasts a walk-out Basement, which opens up to a beautiful, well manicured green space which makes for Quiet Enjoyment. Main floor Master bedroom is very spacious and the Unit has 2 more Bdrms + 3 Bthrms. Patio's and Balconies are all East facing, so lots of sunshine can be expected, which also brightens up all the living areas as well. Sit by the 2 Gas f/p's on those chilly days or bask in the sunshine on the patio or on the Green Space and when its too warm, turn on the A/C for relief. Extra parking spot in front of Unit & RV & Visitor Parking available as well as a Clubhouse!! OPEN HOUSE ON SATURDAY.. MAY 18.. 1-3PM (id:48205)

3 Bedroom 3 Bathroom 2466
For sale Open House
$859,000
32 2525 YALE COURT, abbotsford, British Columbia

32 2525 Yale Court

Abbotsford, British Columbia

Welcome to Yale Court - perfect for families! In the heart of East Abbotsford sits this spacious 2 Storey w/ Bsmt 4 Bed & 4 Bath Townhouse boasting over 2,500 Sq Ft of living space. The main floor boasts natural light throughout with plenty of windows and the living room features vaulted ceilings along with a cozy gas fireplace. From the functional kitchen with S/S appliances step out onto your large deck overlooking the private backyard. Upstairs you'll find 3 Bedrooms including the large primary bedroom w/ WIC & ensuite. The basement includes the 4th bedroom & bathroom along with a rec room & large flex area. Covered patio from the walkout basement. Updates include newer roof, HWT, dishwasher & stove. Double car garage & 2 parking spots outside. Pets allowed w/restrictions. Call today! (id:48205)

4 Bedroom 4 Bathroom 2526
For sale
$859,000
154 3160 TOWNLINE ROAD, abbotsford, British Columbia

154 3160 Townline Road

Abbotsford, British Columbia

LOCATION LOCATION LOCATION!!!Very spacious Corner townhouse in west Abbotsford's most desirable area close to all level of schools, shopping complex. This one have 5 bed 3 full bath ,double garage, gas fireplace, sundeck with walkout basement with separate entrance.3 parking spots including double car garage. (id:48205)

5 Bedroom 3 Bathroom 1946
For sale
$857,000
5 3902 LATIMER STREET, abbotsford, British Columbia

5 3902 Latimer Street

Abbotsford, British Columbia

COUNTRY VIEW ESTATES.....Peaceful private setting. The main floor boasts a primary bedroom w/ W/I closet & five piece ensuite, & a second bedroom, living & dining combined w/ gas F/P & sliders to a deck. A breakfast area is located conveniently in the kitchen. This rancher has a full basement offering a third bedroom w/ W/I closet, four piece ensuite, family room w/sliders to patio, den, laundry & workshop. Exterior paint, new roofs & gutters (2019-2020), prepaid paving for the development in the very near future. Pets allowed. (No size restriction) (id:48205)

3 Bedroom 3 Bathroom 2432
For sale Open House
$856,000
12 31445 UPPER MACLURE ROAD, abbotsford, British Columbia

12 31445 Upper Maclure Road

Abbotsford, British Columbia

Welcome to Pondersa Heights, where you'll find this charming end unit townhome boasting 3 bedrooms, 3 bathrooms, and 2,717 square feet of living space. The main floor offers an open-concept living area with two bedrooms and 2 full bathrooms, while upstairs you'll discover the third bedroom, another full bathroom, and a spacious common area with a cozy fireplace. The living room features high ceilings and an inviting fireplace, while the island kitchen provides ample storage with plenty of cabinets. Recent upgrades include central AC, new flooring, and carpet throughout the entire townhome. Enjoy the convenience of a double side-by-side for two vehicles. Open house 1-3PM, Sunday May 19, 2024 (id:48205)

3 Bedroom 3 Bathroom 2717
For sale
$850,000
26 3354 HORN STREET, abbotsford, British Columbia

26 3354 Horn Street

Abbotsford, British Columbia

Blackberry Creek Estate with this spacious rancher boasting excellent Mt Baker views. Featuring a fully upgraded kitchen with ultra modern, warm oak cabinets (YES, because oak cabinets are back in style) and granite countertops, this home offers a cozy family room, elegant living room with vaulted ceiling, and a two-way fireplace. The main floor includes the primary bedroom, second bedroom, and laundry for convenience. The basement boasts a guest bedroom, recreational room, hobby room with built-ins for mini train enthusiasts, and ample storage space. Enjoy outdoor living on the patio and sundeck, with RV parking available. Additional features include a double garage with built-in cabinets. Immerse yourself in comfort and style at this stunning property. Age restricted 55+ and 2 small pets (id:48205)

3 Bedroom 3 Bathroom 2865
For sale
$849,999
12 33460 LYNN AVENUE, abbotsford, British Columbia

12 33460 Lynn Avenue

Abbotsford, British Columbia

Welcome to Aston Row in Central Abbotsford! At nearly 1800 sq ft your new home is an end unit providing lots of windows to let in maximum amounts of sunlight. Built in 2015 by the reputable Algra Brothers, you can take comfort in knowing you are moving into quality. You will love the bright and open floor plan with bedrooms upstairs and on the ground floor, and all your living on the main floor. Right off your kitchen, you have a beautiful south-facing patio, ideal for BBQing and entertainging. Your new home is equipped with AC for those hot summer days, a single car garage with an extra assigned parking spot, and tons of room for visitor parking out front. Conveniently located close to UFV, ARH, HWY 1, and all the amenities at McCallum Junction. Don't delay, call to book your viewing! (id:48205)

3 Bedroom 3 Bathroom 1783
For sale
$849,000
4 31098 WESTRIDGE PLACE, abbotsford, British Columbia

4 31098 Westridge Place

Abbotsford, British Columbia

Great opportunity to own a unique 4 Bedroom Townhome with ground level entry at Hartwell. This Townhome offers 1 Bedroom, Kitchen, Washroom, Living/Family area on main floor. 3 bedrooms above level. Located in growing West Abbotsford Neighborhood, Hartwell in minutes away from Gym, Highstreet Mall, all levels of Schools, Recreation and other amenities. This Town home features Arts & Crafts style architecture, open plan layout with island kitchen with granite counters, stainless steel appliances, warm laminate flooring throughout the main floor, patio space for summer BBQ, and attached garage. All residents can also take advantage of the fitness studio and much more. Property on rent (month to month). For showing need 24 hrs. notice. (id:48205)

4 Bedroom 3 Bathroom 1538
For sale Open House
$849,000
5 32043 MT. WADDINGTON AVENUE, abbotsford, British Columbia

5 32043 Mt. Waddington Avenue

Abbotsford, British Columbia

Like new! 4 bedroom, 4 bathroom townhouse in this highly sought after townhouse complex in the heart of Abbotsford. This 6 year old home showcases beautiful open living space, stainless steel appliances, Quartz countertops, soft close cabinetry, bright white kitchen, plenty of space for a dining table to fit the whole family. Upstairs has three large bedrooms, master ensuite has double sinks and built-in closet organizers in the walk through. Downstairs has a full second master style bedroom with half bath. Tucked away off of Clearbrook, your backyard is beautifully landscaped with a generously sized upper deck. One of the rare units with a parking spot in the driveway too! Don't miss out on this one. (id:48205)

4 Bedroom 4 Bathroom 1621
For sale
$849,000
20 2088 WINFIELD DRIVE, abbotsford, British Columbia

20 2088 Winfield Drive

Abbotsford, British Columbia

Come see this beautifully kept, gated complex in Abbotsford. This unit is large! Sprawled across 3 floors, are 4 bedrooms, 2 living rooms and 4 bathrooms. There's lots of parking, with 2 covered spots in the garage and the driveway holds 2 extra cars as well. Your new home awaits! (id:48205)

4 Bedroom 4 Bathroom 2642
For sale Open House
$834,900
84 30530 CARDINAL AVENUE, abbotsford, British Columbia

84 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 townhomes and 9 condominium buildings, amenities include a lounge, kitchen and 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. Full bed & full bath below! Double wide garage! (id:48205)

4 Bedroom 3 Bathroom 1549
For sale
$829,900
155 30930 WESTRIDGE PLACE, abbotsford, British Columbia

155 30930 Westridge Place

Abbotsford, British Columbia

West Abbotsford, 3 bedroom, 2.5 bathroom corner home at Bristol Heights by Polygon. This home features a spacious, centrally located kitchen that overlooks the living and dining area. The best part about this home is you have a SIDE-BY-SIDE GARAGE, LARGE ENCLOSED YARD OFF THE MAIN and private patio directly off your kitchen and living space. (id:48205)

3 Bedroom 3 Bathroom 1330
For sale
$825,000
4 35846 MCKEE ROAD, abbotsford, British Columbia

4 35846 Mckee Road

Abbotsford, British Columbia

Beautiful End Unit Level Entry Rancher with fin. bsmt & 2 car garage in Upscale E Abbotsford gated community (overlooking Legdeview Golf Course & siding private acreage) This 2bdrm 3bathrm X-showhome has 10's of thousands in upgrades & shows better than new. MAIN LEVEL: Bright open floor plan, 9' ceilings, 14' Quartz kitchen (bar stool island, soft close doors & upgraded pull out drawers) Undermount sink (with acreage view) stainless appliances (5 burner gas range) + upgraded fridge. Deluxe Master suite (features his/her sinks, 5' stand alone shower) Den/office off entry + 8' laundryrm. BSMT features 23' entertainer sized familyrm with quartz wet bar & mini fridge, 14' flex room, guest bedrm, 4 pc soaker tub bathrm + access to 15' crawl space storage. All season bbq deck (gas hook-up) Extras Inc. $18,500+ additional cabinets, deluxe Rain Shower shower heads, unique ground level patio extension & custom planter, BI vac, central A/C, blinds & black outs, 3 upgraded sinks. 2 dogs(any size ok) Strata $421.74/mo (id:48205)

2 Bedroom 3 Bathroom 1953
For sale
$824,900
102 30930 WESTRIDGE PLACE, abbotsford, British Columbia

102 30930 Westridge Place

Abbotsford, British Columbia

***OPEN HOUSE SATURDAY MAY 4 2-4 PM*** BUILT BY POLYGON!! Beautiful end unit townhouse with natural light and west exposure means you'll enjoy gorgeous evening sunsets. This 3-bedroom townhouse is perfect for people who want to entertain with a high-end kitchen or desire space for a growing family with an open concept living space. Tucked away on the quiet side of the complex with a fenced in yard perfect for barbecues in the summer. Picturesque community which includes unparalleled amenities and club house (Club West) featuring an outdoor pool, hot tub and pet shower! This complex is close to everything you need. (id:48205)

3 Bedroom 3 Bathroom 1658
For sale
$824,900
10 1502 MCCALLUM ROAD, abbotsford, British Columbia

10 1502 Mccallum Road

Abbotsford, British Columbia

Welcome to Cinema District, a collection of exquisite modern townhomes in Abbotsford's University District. This stunning home features 3 beds, 3 baths, & over 1,500 sqft of luxurious living space. Inside, an open-concept layout maximizes space, while the sleek kitchen boasts quartz countertops & soft-close drawers. Enjoy the convenience of a 2-pc bath on the main floor & two more on the upper level. Step onto your private 700 sqft rooftop patio offering breathtaking views of Mt. Baker. Parking is effortless with an extra large side-by-side double garage w/workshop area. Plus, a fully fenced backyard adds to the appeal. You'll also enjoy easy access to shopping, dining, & Hwy 1. With modern design and a prime location, this beautiful townhouse offers more than just a home-it's a lifestyle. (id:48205)

3 Bedroom 3 Bathroom 1584
For sale
$819,900
65 1419 MCCALLUM ROAD, abbotsford, British Columbia

65 1419 Mccallum Road

Abbotsford, British Columbia

VIEWS, VIEWS, VIEWS! Beautiful SOUTHEAST Corner Unit with incredible, unobstructed views of Mt. Baker from your 550SF ROOFTOP deck! Just in time for entertaining this Summer. This 3 bed/3 bath home has a spacious open concept with massive kitchen island, quartz countertops and high-efficiency stainless steel appliances. Located within a 5 minute walk to UFV, Abbotsford Sports and Entertainment Centre, Coffee shops, cafes, restaurants and quick drive to the #1 Hwy. (id:48205)

3 Bedroom 3 Bathroom 1558
For sale
$819,900
58 30530 CARDINAL AVENUE, abbotsford, British Columbia

58 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 townhomes 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 Abbotsford International Airport, 15 minutes from US Border and 10 min drive to downtown Abbotsford. NEW INCENTIVES! - 5% deposit now, 5% in 6 months and 6k cash on closing! (id:48205)

3 Bedroom 3 Bathroom 1429
For sale Open House
$799,900
31528 MONARCH COURT, abbotsford, British Columbia

31528 Monarch Court

Abbotsford, British Columbia

This property, spanning over 7000 sqft, invites you to envision your dream home. Nestled conveniently near HWY 1 access in Clearbrook, this prime location offers seamless connectivity to all corners of the city, ensuring both convenience and accessibility. Imagine crafting a luxurious sanctuary, with the potential to build up to a 3-storey masterpiece spanning approximately 6000 sqft. Whether you envision a modern home, or a contemporary oasis, the possibilities are endless. Currently has a 3 Bed + 1 Bath until permits are ready. With proximity to all levels of schooling, shops, and transit, this property seamlessly blends suburban tranquility with urban convenience. Embrace the opportunity to create your own haven in a thriving community. Seize this opportunity to sculpt your dream home. (id:48205)

3 Bedroom 1 Bathroom 1101
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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