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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
$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
$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 sqft
For sale
$729,000
5771 RIVERSIDE STREET, abbotsford, British Columbia

5771 Riverside Street

Abbotsford, British Columbia

Court order sale, Charming rancher style home with loft. Huge flat lot, allow time for showings. (id:48205)

2 Bedroom 1 Bathroom 1595 sqft
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 sqft
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 sqft
For sale
$719,900
10 32828 LANDEAU PLACE, abbotsford, British Columbia

10 32828 Landeau Place

Abbotsford, British Columbia

Court West, where luxury meets convenience! Step into this stunning almost 1400 sq ft townhouse boasting 2 beds/3 baths. With its modern design, this unit floods with natural light, courtesy of abundant windows, including 2 levels at the front. The kitchen impresses with ample cupboards, island, Quartz countertops & S/S appliances.The Primary bdrm loft offers city & mtn views, a walk-through closet & an ensuite with double sinks for added convenience. In-suite laundry enhances functionality. Enjoy 361 sq ft of outdoor living space. A balcony & patio in the front of the unit & a lrg private patio in back granting access to a spacious shared courtyard. Parking stalls adjacent to the entrance door ensure comfort & ease. Centrally located, this complex is walkable to shopping & all amenities. (id:48205)

2 Bedroom 3 Bathroom 1367
For sale
$708,000
11 30989 WESTRIDGE PLACE, abbotsford, British Columbia

11 30989 Westridge Place

Abbotsford, British Columbia

Amazing townhome featuring 2 bed 3 bath in the Brighton community at Westerleigh! with its street-level front access, open concept layout on the main floor, including a powder room, and spacious bedrooms upstairs, it offers both convenience and comfort. Plus, the access to the 8400 sqft resort- style amenities at club west, including outdoor pool and hot tub, theatre and game rooms. Being close to the discovery trail and a variety of shops, restaurants and services and all level of schools adds to the convenience and appeal of the location. Schedule a private tour to see this townhome. (id:48205)

2 Bedroom 3 Bathroom 1222
For sale
$705,000
93 30930 WESTRIDGE PLACE, abbotsford, British Columbia

93 30930 Westridge Place

Abbotsford, British Columbia

WELCOME TO YOUR NEXT HOME IN BRISTOL HEIGHTS! In the heart of Polygon's MASTER PLANNED COMMUNITY of Westerleigh is this stunning 2 bed 3 bath townhome. RARE main level entry access from the beautiful courtyard right outside your front door! This home offers an open main floor with expansive windows that let in an abundance of natural light, living room, powder room and a patio off of your kitchen. This gourmet kitchen features: high end stainless steel appliances, custom cabinetry, engineered stone counters and a eye catching tile backsplash. Upstairs has 2 LARGE BEDROOMS and 2 FULL BATHS with a luxurious primary ensuite featuring a modern spa shower! Park 2 cars in your garage with extra storage room. EXCLUSIVE access to Club West with a pool, fitness center & other amenities to enjoy! (id:48205)

2 Bedroom 3 Bathroom 1295 sqft
For sale
$700,000
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 sqft
For sale
$700,000
13 30930 WESTRIDGE PLACE, abbotsford, British Columbia

13 30930 Westridge Place

Abbotsford, British Columbia

Price just reduced. Bristol Heights built by Polygon. Next to Townline park and close to all amenities including schools, shopping, recreation, transit, restaurants and Hwy 1. South facing yard looking at the central garden. 2 spacious bedrooms up. Master ensuite upstairs features a spa shower with bench and double sinks. Convenient powder room on the main. 2 car tandem garage plus one extra parking on drive way. The complex features an outdoor pool, hot tub, fitness center, playground, guest suites and a huge clubhouse. Nice and respectful tenant family of 3, and they would love to stay or leave with proper notice. A few photos, such as the deck and the garage, were taken when the unit was vacant. (id:48205)

2 Bedroom 3 Bathroom 1275 sqft
For sale
$700,000
27 31235 UPPER MACLURE ROAD, abbotsford, British Columbia

27 31235 Upper Maclure Road

Abbotsford, British Columbia

KLAZINA ESTATES - a collection of very nice townhomes nestled in a highly desirable, family-oriented neighborhood on Upper Maclure perched at the top of West Abbotsford. This two story + basement, corner unit has 3 bedrooms, 4 bathrooms & a spacious rec room in the walk out basement. A deck off the main level and fully fenced yard allow you to enjoy the great outdoors. Appreciate the beautiful sunrise with your south eastern exposure and view of Mount Baker. Single car garage and tons of street parking right outside your unit. Central location, close to transit, schools, shopping, High Street Mall, Walmart, so many restaurant, and all other amenities you could need. This is a nice home at a fantastic price point. Schedule a viewing today. (id:48205)

3 Bedroom 4 Bathroom 1675
For sale
$699,999
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. Vacant & Ready for quick possession! (id:48205)

3 Bedroom 2 Bathroom 1230 sqft
For sale Open House
$699,990
610 2649 JAMES STREET, abbotsford, British Columbia

610 2649 James Street

Abbotsford, British Columbia

Introducing Terrazzo - located in the heart of Abbotsford, this 3 bedroom and 2 washroom unit is designed with elegant finishing combined with modern living. Featuring quartz countertops, wide plank laminate flooring and stainless steel appliances. Located on the top with a private solarium deck and mountain views. Walking distance to parks, schools, shopping, restaurants and all other necessities. School catchments include: Centennial Park Elementary School and Abbotsford School. Perfect opportunity for investors/first time home buyers. Book your showing today! OPEN HOUSE SUNDAY JUNE 16TH FROM 12:00PM-4:00PM. (id:48205)

3 Bedroom 2 Bathroom 1048 sqft
For sale
$699,900
31 3015 TRETHEWEY STREET, abbotsford, British Columbia

31 3015 Trethewey Street

Abbotsford, British Columbia

Looking for a large townhome in West Abbotsford?! This family friendly 4 Bedroom & 3 Bathroom home is in a central location and offers over 2000 square feet of living space. Combining the size and privacy of a detached home with the convenience of a townhouse. Enjoy a sizeable kitchen perfect for culinary enthusiasts, dining space for hosting dinner parties, and a cozy, inviting living room ideal for family gatherings. The upper level boasts three generously sized bedrooms, including a primary suite with an ensuite bathroom. The basement features a stylish bar room, perfect for a home theatre setup, and an additional versatile room for use as a guest bedroom, home office, or gym. Fully fenced yard off the living room. Carport parking, 1 additional spot and storage too. Pets allowed here! (id:48205)

4 Bedroom 3 Bathroom 2098 sqft
For sale Open House
$699,900
19 3293 FIRHILL DRIVE, abbotsford, British Columbia

19 3293 Firhill Drive

Abbotsford, British Columbia

WELCOME TO EAGLE CREST......This is a once in a lifetime opportunity to own this well taken of STAND ALONE unit. The development is 32 units, Karlan built and very well maintained. The unit has been upgraded with newer flooring, kitchen and a new furnace. Every window has newer electric blinds. The unit has 2 bedrooms and 2 full bathrooms. The living room has a gas fireplace to keep you cozy in the winter. Skylights and loads of windows which make it bright and cheery. A nice private back yard with mature shrubs and a patio. Double car garage. Very quiet and peaceful complex with a clubhouse. 55 plus, 1 dog or 2 cats. Easy to show anytime. (id:48205)

2 Bedroom 2 Bathroom 1579 sqft
For sale
$699,900
18 31032 WESTRIDGE PLACE, abbotsford, British Columbia

18 31032 Westridge Place

Abbotsford, British Columbia

Check it out, a one of a kind unit in the beautiful Westerleigh! Here's your chance to step into the former showcase home by POLYGON! This stunning 2 BD, 2 BTH, residence exudes luxury with intricate woodwork, engineered flooring, and exquisite glass cabinetry. Designer fixtures, wainscoting, built-in headboards, and mirrors adorn every corner, while a built-in office area adds functionality. Enjoy sidewalk access from the front door and a double tandem garage with epoxy flooring at the back. Located across from a resort-style pool/hot tub and full access to CLUB WEST's amenities. Just minutes from HWY 1 and HIGH STREET MALL, don't miss this exquisite opportunity! (id:48205)

2 Bedroom 2 Bathroom 1308 sqft
For sale
$699,900
24 3115 TRAFALGAR STREET, abbotsford, British Columbia

24 3115 Trafalgar Street

Abbotsford, British Columbia

CEDARBROOK - Welcome to your peaceful retreat! This rancher style townhouse, complete with a full basement, is nestled in a quiet, well run complex that's perfect for those 55+. With 3 bedrooms and 3 bathrooms, you'll have plenty of space for comfort and guests.One of the standout features of this home is its serene location backing onto a lush greenbelt with scenic walking trails right at your doorstep. Enjoy your morning coffee or an evening stroll surrounded by nature. Plus, you're conveniently close to shopping, making errands a breeze. Experience the tranquility and convenience of this beautiful home today. Note: No pets allowed. (id:48205)

3 Bedroom 3 Bathroom 2623 sqft
For sale
$699,900
108 30530 CARDINAL AVENUE, abbotsford, British Columbia

108 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 the Abbotsford International Airport, 15 minutes from US Boarder and 10 min drive to downtown Abbotsford. Building 1-4 sold out, more condos coming 2025. Corner home with beautiful spacious rooftop patio! Move in Ready! 5% deposit only! See Realtor Incentives + 10k Decorating Allowance! (id:48205)

2 Bedroom 2 Bathroom 1176 sqft
For sale
$699,900
3 33310 WESTBURY AVENUE, abbotsford, British Columbia

3 33310 Westbury Avenue

Abbotsford, British Columbia

Welcome to your spacious 4-bedroom, 2- full bathroom, with ample room downstairs to create an IN-LAW SUITE for extended family with a SEPERATE ENTRANCE. This beautifully RENOVATED home boasts a total of 5 PARKING spots and remarkably LOW STRATA FEES, offering both convenience and affordability. Located in a PRIME-LOCATION, you'll enjoy easy access to all amenities, including hospitals, schools, shopping, university UFV and just a minutes away from HWY 1, making commuting a breeze. Whether you're looking for a family-friendly environment or an investment opportunity, this property has it all. Don't miss your chance to own this versatile and well-appointed home in a sought-after area. (id:48205)

4 Bedroom 2 Bathroom 1421 sqft
For sale
$699,000
15 4401 BLAUSON BOULEVARD, abbotsford, British Columbia

15 4401 Blauson Boulevard

Abbotsford, British Columbia

WELCOME TO SAGE IN AUGUSTON! Nestled into East Abbotsford's crème de la crème neighbourhood this lovely 3 bed, 2 bath, three storey townhouse is coming in at 1,283 sq.ft. and offers spacious tandem parking + parking for one extra car outside. Take advantage of a massive kitchen with an island orientated to perfection to enjoy your sundeck views along with views into your dining and living room area. This home offers a ton of natural light and was renovated in 2022, suiting the top floor with tasteful shiplap, double sink primary ensuite and your washer & dryer. Feel secluded but be only steps away from Abbotsford's most popular hiking trails, golfing, shopping, and convenient highway access. Don't miss out on the opportunity to call Auguston your new address! (id:48205)

3 Bedroom 2 Bathroom 1283 sqft
For sale
$699,000
44 2998 MOUAT DRIVE, abbotsford, British Columbia

44 2998 Mouat Drive

Abbotsford, British Columbia

Welcome Brookside Terrace! You will love this family friendly gated community featuring, 47 beautifully built Westcoast style townhomes. With just over 2,000 sq ft of living space & featuring 3 large bedrooms & 4 bathrooms, there is plenty of room for a large family. The Main floor features large living & dining areas, which face eastward capturing plenty of natural morning and early afternoon sunlight. Upstairs consists of 3 large bedrooms with updated bathrooms. Send your teenagers downstairs to enjoy the massive rec room; perfect for a media room, play area or an in-law area. Spend summer days and nights enjoying your partially gated backyard. This complex is centrally located, close to all level of schools, nearby Mouat Park and Abbotsford Ex Centre, Downtown shopping and more! (id:48205)

3 Bedroom 4 Bathroom 2091 sqft
For sale
$698,000
58 36060 OLD YALE ROAD, abbotsford, British Columbia

58 36060 Old Yale Road

Abbotsford, British Columbia

TASTEFULLY RENOVATED! Jackpot! East Abbotsford unit townhome in a prime location! This 3 bed 3 bath unit has a good sized private backyard, plus a double car garage. Lots of updates to this unit including new kitchens, bathrooms, flooring & more! The roof is newer, and the windows were replaced in 2019 making this a fantastic investment! PLUS there's an outdoor pool to enjoy in the summertime! From this location, you are within a short walking distance of amazing shopping, dining, yoga, fitness and so much more! There are two large shopping plazas only steps away! Plus you are only 2 minutes from the Whatcom Rd Onramp onto Hwy1. Great parks and amazing schools nearby as well! Pets, kids, and rentals are allowed! Come see for yourself! (id:48205)

3 Bedroom 3 Bathroom 1383 sqft
For sale Open House
$695,000
4 31032 WESTRIDGE PLACE, abbotsford, British Columbia

4 31032 Westridge Place

Abbotsford, British Columbia

Welcome to The Harvest at Westerleigh, developed by Polygon. Living in this landmark, master-planned community in West Abbotsford makes your dream come true. With recently replaced carpeting on the stairs and in the bedrooms and new paint, this home looks brand new! This spacious, luxurious unit features with two large bedrooms and two full washrooms, gorgeous kitchen with stainless steel appliances, granite counters, and the added bonus of extra built-in storage! Come and check out the amenities: a pool, clubhouse, playground, guest suite, and more! It's like living at a vacation property. Schools, shopping, and transit are all right here. Don't wait any longer. Pick up the phone and call now for a private showing! Open House Sat, Sunday June15,16 between 2-4pm (id:48205)

2 Bedroom 2 Bathroom 1352 sqft
For sale
$689,900
305 33568 GEORGE FERGUSON WAY, abbotsford, British Columbia

305 33568 George Ferguson Way

Abbotsford, British Columbia

Step into the vibrant heart of Downtown Abbotsford with "The Edge"! Discover the exclusive C1 Plan, a unique townhome within a condo, featuring 3 bedrooms, 2.5 bathrooms, in unit storage , two parking spots and a captivating , super functional two-story design. Perfect for downsizers, larger families, or style aficionados. Relax on the expansive 1500+ sq ft rooftop patio with breathtaking Mt. Baker views. Enjoy the prime location near Historic Downtown's trendy eateries and boutiques. Pet-friendly with no size restrictions and rentals allowed. Plus, the seller offers a 6-month strata fee credit. Embrace exceptional urban living at The Edge! A must see ! (id:48205)

3 Bedroom 3 Bathroom 1046 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