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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
$639,000
415 2860 TRETHEWEY STREET, abbotsford, British Columbia

415 2860 Trethewey Street

Abbotsford, British Columbia

Welcome to La Galleria! One of the most desired and sought after buildings in all of Abbotsford. This home features 2 bedrooms + Large den and 2 bathrooms. The BIG BONUS is 2 PARKING STALLS! Along with in-suite laundry and a large storage locker. This home has many more features such as, gourmet kitchen with s/s appliances, french door fridge with ice maker, built in microwave, granite counter tops, gas stove & BBQ connection on the beautiful balcony, air conditioner all throughout heated floor bathrooms and plank laminate floors. Centrally located and walking distance to all levels of schools, shopping, grocery stores, restaurants & Highway 1 for commuters! This one won't last long, book your private showing today! (id:48205)

2 Bedroom 2 Bathroom 1170
For sale
$634,000
250 32550 MACLURE ROAD, abbotsford, British Columbia

250 32550 Maclure Road

Abbotsford, British Columbia

Welcome to the Clearbrook Village!! One of Abbotsford's most cherished townhomes! Ideal for the first-time homeowner - very affordable & LOW STRATA FEE is the number one reason for this complex's popularity and demand. Very neat & clean has 3 bedrooms & 1 1/2 bathroom also a private fenced backyard. This unit is in a great location with no one behind and near a cute little playground. Lots of Visitor parking. Located in Central Abbotsford, walking distance to Abbotsford's Schools at all levels, Rotary Stadium, Public Library, Grocery Stores, and Much more! RENTALS ALLOWED! Call today for your private showing. (id:48205)

3 Bedroom 2 Bathroom 1211
For sale
$629,999
12 3030 TRETHEWEY STREET, abbotsford, British Columbia

12 3030 Trethewey Street

Abbotsford, British Columbia

Centrally located corner unit townhouse in Clearbrook village with 3 Bedrooms and 2 Bathrooms. Located near shopping, Schools, Library, Public transport, Rotary Stadium and much more. Everything is within walking distance. This unit also features a fenced backyard that ensures plenty of private space. (id:48205)

3 Bedroom 2 Bathroom 1224
For sale Open House
$629,900
224 31158 WESTRIDGE PLACE, abbotsford, British Columbia

224 31158 Westridge Place

Abbotsford, British Columbia

Welcome to Elmstone by Polygon! An innovative & luxurious Master Planned Community in Abbotsford West. This pristine 1155 SF 2 Bed/2 Bath corner unit showcases a contemporary open-concept layout w/ a flood of natural light through the expansive windows, 2 spacious balconies, & satellite bedrooms on each side. The state-of-the-art kitchen, equipped with S/S appliances & quartz countertops, which includes a massive island ideal for entertaining. Convenience is key with storage on the same floor + 2 parking located near the elevator. The fun doesn't stop there as you are treated to a 9000 SF amenities from splashing around in the pool to unwinding in the hot tub, or getting your heart pumping in the fitness centre, this home has it all. Open House Sat/Sun May 18/19 at 2-4 PM (id:48205)

2 Bedroom 2 Bathroom 1155
For sale
$629,900
312 2649 JAMES STREET, abbotsford, British Columbia

312 2649 James Street

Abbotsford, British Columbia

Introducing Terrazzo Condos, located in the peaceful and highly sought-after neighborhood of West Abbotsford. This 2-bedroom, 2 bathroom unit, featuring a 9' high ceiling, extended height kitchen cabinets, and Quartz countertops. The unit spans 1054 square feet includes a large glass solarium deck, adding a delightful touch to the living space. Additionally, the property offers 1 secure underground parking space and 1 spacious storage locker. Enjoy the convenience of nearby parks, schools, shopping, and dining, all within walking distance. Water and hot water are included in the strata fee. A must-see opportunity! (id:48205)

2 Bedroom 2 Bathroom 920
For sale
$629,800
5 3292 VERNON TERRACE, abbotsford, British Columbia

5 3292 Vernon Terrace

Abbotsford, British Columbia

Crown. Point. Villas. This GROUND LEVEL, CORNER UNIT in the sought after 55+ complex has been beautifully RENOVATED and is TURN KEY ready. Located in EAST Abbotsford, close to everything. With 2 bedrooms and 2 bathrooms, it's perfect for downsizers. Completely fenced front yard and parking space right by the entrance for convenience. Enjoy clubhouse amenities including WORKSHOP, golf, pool table, and BBQ area. RV parking available for just $20 / month. Strata fees cover water, heat, and electricity. Got Pets? No Problem. Best Part? NO STAIRS. Come have a look. (id:48205)

2 Bedroom 2 Bathroom 1228
For sale
$628,888
416 3182 GLADWIN ROAD, abbotsford, British Columbia

416 3182 Gladwin Road

Abbotsford, British Columbia

Life in the Forest at Natura , Experience the tranquility of forested surroundings while being only minutes away from the town center's shopping district. Nestled within a central gated community, this distinctive and spacious 948 square foot residence offers 2 bedrooms and 2 baths on the 4th floor, featuring 9-foot ceilings that allow ample natural light to fill the space. Step out onto 75-foot patio to enjoy the surroundings. This thoughtfully designed home boasts a modern and stylish gourmet kitchen with premium stainless steel appliances, sleek contemporary trim and lighting, as well as air conditioning in the living room and more. On-site resort-style amenities include community garden plots, a Sky Lounge and Terrace, Park Terrace and Lounge that back onto Horn Creek park. (id:48205)

2 Bedroom 2 Bathroom 948
For sale
$628,700
1 32310 MOUAT DRIVE, abbotsford, British Columbia

1 32310 Mouat Drive

Abbotsford, British Columbia

MOUAT GARDENS! CORNER UNIT- Perfect Family Town home in one of the great neighborhoods of West Abbotsford. Friendly complex with no age restrictions. This unit features good size 3 bedrooms/ 2 bathrooms, bright living room with tons of windows, dining area, kitchen, in suite laundry, sundeck on upper floor and a great size fenced backyard for entertainment. Close to schools, shopping, restaurant, Rotary Stadium, public transit & easy access to freeway. (id:48205)

3 Bedroom 2 Bathroom 1224
For sale Open House
$624,900
508 33530 MAYFAIR AVENUE, abbotsford, British Columbia

508 33530 Mayfair Avenue

Abbotsford, British Columbia

The Residences at Gateway. An exclusive quiet building with only 8 suites per floor. Premium corner unit with large east-facing covered balcony. Spa-influenced primary suite. High-end appliances including Fisher & Paykel fridge and Bertazzoni stove. Other features include quartz counters, air conditioning, designer built-in items, and floating vanities with led lighting. Located on the transit route, walk to shops, cafes, restaurants, UFV, easy highway access, and is close to Mill Lake. Comes with 2 underground secured parking. Extremely spacious with oversized windows that allow natural light to flood into the unit. OPEN HOUSE: Sun May 5th, 12-1:30PM (id:48205)

2 Bedroom 2 Bathroom 1080
For sale
$624,800
1101 3190 GLADWIN ROAD, abbotsford, British Columbia

1101 3190 Gladwin Road

Abbotsford, British Columbia

REGENCY PARK TOWERS: Enjoy STUNNING, breathtaking views of Mount Baker and the Fraser Valley from this large, 11th floor, 2 bedroom, 2 bathroom suite. The exterior of the building was renovated in 2019 and the interior has seen some stunning updates and renovations. The balcony has been enclosed to for additional indoor space. This home comes with two underground parking spaces. Amenities in this building include: 2 guest suites, pool, hot tub, sauna, gym, workshop and recreation room that includes a full kitchen, pool table, ping pong and library. Book your private tour today! (id:48205)

2 Bedroom 2 Bathroom 1167
For sale
$620,000
307 33546 HOLLAND AVENUE, abbotsford, British Columbia

307 33546 Holland Avenue

Abbotsford, British Columbia

Welcome to The Tempo, Central Abbotsford living at its finest. This oversized 2 bed, 2 bath features a large den that can be converted into a bedroom by simply adding a storage solution. With over 1100 sq/ft of interior living space this home is larger than some townhomes. Tastefully upgraded with new smart light fixtures, upgraded flooring and smart electric blinds. Kitchen features large island, new cabinets, with fully replaced appliance package. This home features large windows with tons of natural light coming through, especially in the open living area situated on the North East corner of the building. Mountain views from the living space and large patio. Location close to all shopping, dining and recreation. Very easy access to highway 1. Includes storage and parking. (id:48205)

2 Bedroom 2 Bathroom 1102
For sale
$619,900
213 32838 VENTURA AVENUE, abbotsford, British Columbia

213 32838 Ventura Avenue

Abbotsford, British Columbia

Beautiful 2 bedroom PLUS den, corner unit, with large windows all around, allowing for loads of sunshine and natural light. Open concept. The den would make a great baby room or a home office. Higher end appliances, gas stove, huge island in the kitchen. Gas & hot water is included in the strata fees. 2 parking spaces and a huge locker. Amenities include: Bike room, party room, Gym, dog wash, covered gathering area with fire pit, visitors parking. In the heart of Central Abbotsford, steps to Seven Oaks mall, banks, Hospital and transit. Don't miss out on this beautiful home. Easy to show! (id:48205)

2 Bedroom 2 Bathroom 1028
For sale
$619,900
503 32838 LANDEAU PLACE, abbotsford, British Columbia

503 32838 Landeau Place

Abbotsford, British Columbia

This bright, spacious, mountain view home with 2bed 2bath+den that is large enough to function as a 3RD BEDROOM. Room for king sized beds, 1 room with walk-in-closet, other bedroom has large closet. Modern kitchen is equipped with high end appliances, including Fisher & Paykel fridge. Rare walk-in laundry room with stackable washer & dryer. The Court is the definition of convenience & comfort: a quiet peaceful location with Seven Oaks Mall, Superstore, The Bay, restaurants, recreation, & other necessities steps away. The Court also boasts a large relaxing courtyard w/ a screen for movie projection. Comes with 2 side-by-side, full sized parking spaces and an enclosed storage room. Multiple shared EV chargers & bike room in the parkade for residents. Private viewings available. (id:48205)

2 Bedroom 2 Bathroom 998
For sale
$619,000
403 3190 GLADWIN ROAD, abbotsford, British Columbia

403 3190 Gladwin Road

Abbotsford, British Columbia

Welcome to this stunning, adult orientated 1272 sq ft condo in Regency Park Towers, a premier gated community in the heart of Abbotsford. This home has been completely custom renovated with quality finishing throughout. Features of this 2 bedroom 2 bath plus separate office area include engineered hardwood flooring, tiled baths, custom kitchen with a quartz island and peninsula, roller window blinds, and recessed lighting. Enjoy stunning sunset views from the kitchen and living areas. Overlooks the fountain, trees and Mt. Baker. This residence offers a prestigious lifestyle featuring an indoor pool, hot tub, sauna, exercise area, the Regency Lounge, workshop and an outdoor patio/garden. (id:48205)

2 Bedroom 2 Bathroom 1287
For sale
$615,000
311 2120 GLADWIN ROAD, abbotsford, British Columbia

311 2120 Gladwin Road

Abbotsford, British Columbia

Welcome to Onyx At Mahogany, where comfort meets convenience. This meticulously maintained home boasts 2 bedrooms plus a den, complete with a walk-in closet, along with 2 baths and high ceilings. Experience contemporary living with top-notch features such as stainless steel appliances, a gas stove, air conditioning, and sleek quartz countertops. Ideally situated in close proximity to the vibrant Seven Oaks Shopping Centre, Abbotsford Hospital, schools, an array of dining options, and Mill Lake Park, this location caters to every lifestyle need. This home epitomizes the perfect balance of accessibility and serenity. Whether you're seeking an investment opportunity or searching for your dream home, this fully furnished and equipped residence awaits you! MUST SEE! (id:48205)

2 Bedroom 2 Bathroom 890
For sale Open House
$604,999
25 32925 GEORGE FERGUSON WAY, abbotsford, British Columbia

25 32925 George Ferguson Way

Abbotsford, British Columbia

Welcome to Woodbrook Terrace in Abbotsford, where convenience meets tranquility. Nestled near parks, shops, recreation, schools, and eateries. No Age Restrictions! Rentals Allowed! This corner unit boasts over 1600 sq/ft of space, showcasing three bedrooms, two baths, a large backyard, and a generous rec room. Equipped with an AC unit for scorching summers, it promises year-round comfort. Unleash your imagination in the expansive rec room, awaiting your personal touch. Don't miss the chance to explore this inviting townhome - schedule your viewing today, obligation-free! Open House Saturday May 4 from 11am-3pm, and Sunday May 5th from 11am-1pm. (id:48205)

3 Bedroom 2 Bathroom 1679
For sale Open House
$599,900
210 32729 GARIBALDI DRIVE, abbotsford, British Columbia

210 32729 Garibaldi Drive

Abbotsford, British Columbia

Discover serenity in this exquisite 2-bed condo nestled in Garibaldi Lane. Impeccable finishes and plenty of light complement the space, featuring oversized crown moldings, 9' ceilings, plank hardwood floors, and granite countertops. Indulge in luxury with a lavish 2-person soaker tub, heated floor in the en suite, stand-up shower, and double sink vanity. Enjoy the convenience of a den, in-suite storage PLUS storage locker and 2 parking spots within the secured gated complex. Experience a lifestyle of comfort and sophistication, perfectly situated near all essential amenities. 2 Pets and families welcome! Call today ! A must see! (id:48205)

2 Bedroom 2 Bathroom 1100
For sale
$599,900
307 1514 MCCALLUM ROAD, abbotsford, British Columbia

307 1514 Mccallum Road

Abbotsford, British Columbia

Prime Location Alert! Nestled at the McCallum & King intersection, this coveted Cinema District home offers proximity to Fraser Valley University and McCallum Junction Shopping mall. This generous corner unit features two bedrooms and two full bathrooms, with a walk-in closet and dual vanities in the master suite. Positioned for stunning North/West mountain views, it includes two assigned underground parking spaces and a private storage locker. The home is equipped with stainless steel appliances-fridge, stove, dishwasher, microwave, washer. Enjoy serene walks to nearby blueberry farms, local churches, and the bustling city center. Just 2 minutes from Highway #1, reach Langley Chilliwack in only 20 minutes. (id:48205)

2 Bedroom 2 Bathroom 892
For sale Open House
$599,900
505 32838 LANDEAU PLACE, abbotsford, British Columbia

505 32838 Landeau Place

Abbotsford, British Columbia

Set in the heart of Abbotsford's City Centre, Heinrichs Developments introduces a new landmark for urban living. Inspired by contemporary architecture and Scandinavian design, Court offers open concept floor plans featuring stainless steel appliances, polished quartz countertops, and modern cabinetry. This beautiful 2 bed 2 bath and large den home is centrally located, steps from Sevenoaks Shopping Centre and minutes from Abbotsford's historic downtown core along with the picturesque trails surrounding Mill Lake Park. Includes 1 parking stall and a storage locker. South facing unit away from the main road. Great investment opportunity or a great building to live in. Similar unit currently renting out for $2700. Open houses Saturday April 27th and Sunday April 28th 1-3PM (id:48205)

2 Bedroom 2 Bathroom 1028
For sale Open House
$599,000
25 1973 WINFIELD DRIVE, abbotsford, British Columbia

25 1973 Winfield Drive

Abbotsford, British Columbia

Welcome home to Belmont Ridge. This lovely gated complex boasts a 2 bed 2 full bath RANCHER w/ many updates. White kitchen w/all NEW SS appliances, countertops, sink & hardware. Large second bedroom on opposite ends of the home. New FULL size washer/dryer in laundry room. Welcoming living room w/n/gas fireplace. Both bathrooms have new vanities & toilets. Primary bedroom is expansive w/double closets and ensuite w/tub. Hardwood floors w/in floor radiant heating. Walk out to your lovely fenced yard with room for gardens. Nice clubhouse w/guest suites & steps to transit, shopping, & quick freeway access. Pets allowed 1 cat or 1 dog up to 25 pounds. No age restrictions! This is the one! Call today to book your showing. (id:48205)

2 Bedroom 2 Bathroom 1085
For sale Open House
$598,800
315 31158 WESTRIDGE PLACE, abbotsford, British Columbia

315 31158 Westridge Place

Abbotsford, British Columbia

2 bedroom 2 bathroom corner unit in over 1000sqft - Welcome home to Elmstone at the outstanding Westerleigh Masterplanned Community by Polygon! This bright and beautiful home boasts open concept living, loads of natural light, a huge covered patio & panoramic mountain views on the quiet side of the building. This sought after floor plan includes an incredible primary suite & generous second bedroom. The kitchen offers space & functionality rarely found in condo living with a full size island, stone counters, full SS appliances & loads of storage thanks to custom builder-added pantry. Enjoy the multitude of resort-style amenities at the exclusive "Club West" including outdoor pool & lounge, gym, billiards, guest suite, screening room, pet wash, hockey court and more! This fantastic West Abbotsford location is steps to all levels of school & the Discovery Trail with plenty of shopping and dining nearby. 2 side by side parking and storage locker included. Call today to learn more! *OPEN HOUSE SAT 2-4 & SUN 1-3* (id:48205)

2 Bedroom 2 Bathroom 1014
For sale
$598,800
417 32729 GARIBALDI DRIVE, abbotsford, British Columbia

417 32729 Garibaldi Drive

Abbotsford, British Columbia

Welcome to the Classic Elegance of Garibaldi Lane! This open concept top-floor 2 bdrm 2 bath 1282sqft penthouse features huge windows for lots of natural light, gorgeous hardwood flooring, 9' ceilings w/crown molding, etc. Spacious kitchen w/ beautiful maple cabinets, granite counter tops, s/s appliances & island w/room for barstools. Cozy up to your stone surrounded fireplace throughout your main living area. Enjoy huge primary suite w/ walk-in closet and 5 piece ensuite w/ heated floor. Large storage/laundry room w/stacker washer/dryer, extra large hot water tank & lots of shelving throughout. Includes 2 underground side by side parking stalls & storage locker. Pets allowed w/ rest. Located in the heart of Abbotsford! Close to shopping, restaurants, recreation, golf course & more. (id:48205)

2 Bedroom 2 Bathroom 1282
For sale Open House
$598,000
212 1516 MCCALLUM ROAD, abbotsford, British Columbia

212 1516 Mccallum Road

Abbotsford, British Columbia

Step into the CINEMA District where a charming 2-bedroom, 2-bathroom unit awaits you! Experience the unparalleled convenience of this central location, near Hwy 1, the University of Fraser Valley, Abbotsford Centre, and McCallum Junction shopping center. This unit features two side-by-side parking spots for your convenience. (id:48205)

2 Bedroom 2 Bathroom 896
For sale
$595,900
904 3150 GLADWIN ROAD, abbotsford, British Columbia

904 3150 Gladwin Road

Abbotsford, British Columbia

Welcome to this updated 2 bed, 2 bath condo with stunning mountain views. Some new floors, blinds, counter tops, light fixtures and paint. Enjoy the upper corner unit with fabulous amenities: pool, hot tub, guest suites, games room & exercise room. Lovely gardens and outdoor space with picnic tables. Includes 2 parking & a storage locker. Ideal for 55+ community, no pets & rentable. Don't miss out on this peaceful & luxurious living experience. Visitor & RV parking. Newer elevator and windows around the pool area. Easy to view and quick possession is possible. (id:48205)

2 Bedroom 2 Bathroom 1145
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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