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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
$539,700
109 33546 HOLLAND AVENUE, abbotsford, British Columbia

109 33546 Holland Avenue

Abbotsford, British Columbia

Attention Investors, 1st time home buyers or Down sizers. Welcome to the pet & rental friendly Tempo complex in Central Abbotsford. This unit features 2 large opposing bedrooms, 2 full baths, separate laundry and plus a den that's the perfect size for a home office. Your home features laminate flooring, and a large ground floor patio with street side access that's perfect for hosting friends and family. Walking distance to Good Kid Coffee, McDonalds, Starbuck, Social Brown House, UFV, Hwy 1 Exit, Hospital, Gas Stations, Recreation, Pharmacy, Restautants, Shopping, Shcools, Public Transit & much more. (id:48205)

2 Bedroom 2 Bathroom 942
For sale Open House
$539,000
306 2632 PAULINE STREET, abbotsford, British Columbia

306 2632 Pauline Street

Abbotsford, British Columbia

WOW! INVEST OR MOVE IN! YALE CROSSING in Historic Downtown Abby! Refreshed unit by Mountain River Projects! Updates include bright white paint, black hardware, 2 bed, 2 bath home with MT BAKER & DOWNTOWN ABBY VIEWS. Enjoy summer breakfasts on your balcony! This home is fully outfitted with updated ductless A/C, Granite counters, Crown molding, 5-piece primary ensuite bath, Stainless steel appliance package, Electric fireplace, 9 ft ceilings, Laminate flooring & In-suite laundry room. The space has a modern feel in well-managed building. Great location! Central and it's steps away from coffee, pubs, restaurants, shops, markets, parks, recreation, entertainment, transit and schools are nearby. 1 parking. Pets allowed with restrictions. Have your realtor book an appointment today! (id:48205)

2 Bedroom 2 Bathroom 904
For sale
$539,000
216 2955 DIAMOND CRESCENT, abbotsford, British Columbia

216 2955 Diamond Crescent

Abbotsford, British Columbia

1st time home buyers, this is for you. This nice and bright corner unit is located in Central Abbotsford. Very spacious condo with 2 bedrooms and 2 bathrooms has open concept living room with extra windows throughout. There is a well-designed kitchen with shaker cabinets, granite counters, and a large island. Crown moulding, good size bedrooms, full-size laundry provides extra storage space. 1 parking spot underground, plenty of visitor parking available. Amenity Room can easily be rented for small family gatherings. 2 pets allowed with restriction. Cal for more information. (id:48205)

2 Bedroom 2 Bathroom 980
For sale Open House
$535,900
307 33568 GEORGE FERGUSON WAY, abbotsford, British Columbia

307 33568 George Ferguson Way

Abbotsford, British Columbia

Welcome to "The Edge" in beautiful central Abbotsford. This wonderful 2 bed 2 bath unit features a very open concept which is great for entertaining and gives the sense of a larger space. The location of the building is close to any amenity that you could ever need. With downtown Abbotsford close by, anything you could need is within walking distance. With white features throughout this unit is bright and airy and feels great. The unit has 1 parking stall but visitor parking is available. Come by soon and have a look before it's gone! (id:48205)

2 Bedroom 2 Bathroom 880
For sale
$534,900
214 3192 GLADWIN ROAD, abbotsford, British Columbia

214 3192 Gladwin Road

Abbotsford, British Columbia

Modern living at the Brooklyn! Built in 2012 this contemporary 2 bedroom plus den is over 900 sqft! Great room concept entertaining area featuring gourmet kitchen with granite countertops and stainless steel appliances, eating area, living room with fireplace all joining west facing covered balcony! 1 car underground parking stall, ensuite laundry, gated entrance, superb location, call today! (id:48205)

2 Bedroom 2 Bathroom 902
For sale Open House
$534,900
317 33175 OLD YALE ROAD, abbotsford, British Columbia

317 33175 Old Yale Road

Abbotsford, British Columbia

HUGE 1235 SQFT, TOP FLOOR CORNER UNIT! Bright and spacious with many quality updates including German, wide-plank laminate flooring, quartz countertops in the kitchen/bathrooms, and built-in shelving in the master closet. Professionally painted throughout. In-suite laundry, generous pantry. Storage locker on the same floor. Huge wrap-around deck with access from the primary bedroom and the living room. A view of the mountains to the north. Central location, close to amenities. Strata includes both gas and hot water. Call today! May 4, 2-4pm. (id:48205)

2 Bedroom 2 Bathroom 1235
For sale Open House
$530,000
207 32870 GEORGE FERGUSON WAY, abbotsford, British Columbia

207 32870 George Ferguson Way

Abbotsford, British Columbia

Attention 1st time home buyers and investors! Welcome to your new home at Abbotsford Place. This is a central location close to transit, all levels of school, Superstore, London Drugs, Seven Oaks Shopping Centre, restaurants, coffee shops, recreation, parks, trails and so much more! Direct access to highways allows an easy commute to surrounding destinations including, Surrey, Langley and Downtown Vancouver. This property feature a bright and open layout, many windows to brighten your living space, a separate laundry room, and large balconies that are great for BBQ season. Book now for your private showing. (id:48205)

3 Bedroom 2 Bathroom 1153
For sale
$530,000
406 33502 GEORGE FERGUSON WAY, abbotsford, British Columbia

406 33502 George Ferguson Way

Abbotsford, British Columbia

FIRST TIME HOME BUYERS & INVESTORS ALERT! A well-maintained Top-floor corner unit with vaulted ceilings and 3 bedrooms. Bright 1077 sq ft corner suite in Central Abbotsford. Walking distance to the ever-changing downtown core with immediate access to bus routes. Gas fireplace, island kitchen and ensuite laundry. The property has no age restriction and rentals are allowed. 2 underground parking spaces. 3 bedroom condos are a rare find. Don't miss the opportunity to own this amazing home. (id:48205)

3 Bedroom 2 Bathroom 1077
For sale Open House
$529,999
510 3090 GLADWIN ROAD, abbotsford, British Columbia

510 3090 Gladwin Road

Abbotsford, British Columbia

Live in the heart of Abbotsford at Hudson's Loft. This PET FRIENDLY 2-level (632 sqft) 1-bedroom and DEN, apartment at 3090 Gladwin Road has modern styling with a welcoming charm. The open layout seamlessly blends living, and dining, accompanied by a great kitchen and private sleeping and main bathroom on the upper floor. This super clean unit has two patios, including a spectacular Roof Top Patio on the quiet side. Centrally located in Abbotsford, this PET FRIENDLY apartment offers proximity to beautiful parks, retail and grocery shopping. Designed for a lifestyle that minimizes reliance on a vehicle, essential amenities and entertainment options are within easy walking distance. (Parking Stall is included) Hudson's Loft has a perfect blend of style and urban living. Welcome home! (id:48205)

1 Bedroom 2 Bathroom 632
For sale Open House
$529,900
307 2038 SANDALWOOD CRESCENT, abbotsford, British Columbia

307 2038 Sandalwood Crescent

Abbotsford, British Columbia

RARELY AVAILABLE! Discover the charm of this 2-bed, 2-bath gem in Central Abbotsford's coveted "The Element" complex. Enjoy peaceful inner courtyard views from the 3rd floor in this well laid out, open concept unit. You'll love stainless steel kitchen appliances and a fully enclosed laundry w/side-by-side washer/dryer. Stay cozy in winter w/included electric f/p and cool in summer w/built-in A/C. The bedrooms, strategically placed opposite for privacy, include a primary w/ walk-through closet leading to spacious 3-pc ensuite bath. Located w/easy access to Hwy 1, Sevenoaks mall, UFV, all levels of schools, and other desirable amenities. Unit comes with 2 underground parking stalls! Rentals allowed and pets allowed w/restrictions. Seriously, don't miss out on this one--call today! (id:48205)

2 Bedroom 2 Bathroom 993
For sale
$529,900
517 3080 GLADWIN ROAD, abbotsford, British Columbia

517 3080 Gladwin Road

Abbotsford, British Columbia

2 level Penthouse - 2 bdrm & den in uber trendy Hudson's Loft! 2 decks south facing with great mtn views, fabulous upper deck is 13'8 x 6'9. 2 parking spots. 9' ceilings thru-out & 10'10 in mbdrm. White shaker cabinets, quartz countertops, stainless steel appliances, soaker tub w/ rain head shower. Awesome location just steps from Trading Post Eatery, After-Thoughts, restaurants, shopping, trails... all part of this trendy planned community of Central Park. Dog friendly - 2 dogs allowed & no size restriction! (id:48205)

2 Bedroom 2 Bathroom 750
For sale Open House
$529,000
310 33538 MARSHALL ROAD, abbotsford, British Columbia

310 33538 Marshall Road

Abbotsford, British Columbia

Experience the ideal fusion of urban convenience and rural tranquility with this charming 2-bed, 2-bath condo. Boasting a spacious open layout, a sleek kitchen featuring granite counters and stainless-steel appliances, and a dedicated compact office space, this residence offers both comfort and practicality. The two bedrooms, each with its own attached bathroom and generous storage in walk-in and walk-through closets, ensure privacy and convenience. Situated in a prime location near UFV, shopping centers, recreational amenities, and dining options, and with easy access to HWY 1, this condo offers unparalleled convenience. (id:48205)

2 Bedroom 2 Bathroom 891
For sale Open House
$529,000
309 33318 E BOURQUIN CRESCENT, abbotsford, British Columbia

309 33318 E Bourquin Crescent

Abbotsford, British Columbia

WOW! Welcome to the Desirable & Beautiful Nature's Gate! This 2 bed 2 bath West facing Condo is on the quiet side of the building and faces a soothing greenspace. The Kitchen, Dining and Living room all have updated laminate flooring with new bright white paint on walls, new carpets in bedrooms and the living area is open plan. The Kitchen has plenty of elbow room and more storage in the Laundry room off side of Kitchen. The spacious Living room has views of the green space and a pleasant fireplace with mantle. The home features a large Primary Bedroom with a walk-thru closet and private en-suite. Enjoy the green space on your large covered deck. The Building has guest suites to rent for your visitors, meeting room for special events. 1 Parking underground, 1 Locker right by unit. Mill Lake, a Transit Hub, Seven Oaks, Abby Hospital, and all levels of schools are a close walk or drive away. Pet friendly! Have your realtor book a tour today! (id:48205)

2 Bedroom 2 Bathroom 988
For sale Open House
$527,500
104 33668 KING ROAD, abbotsford, British Columbia

104 33668 King Road

Abbotsford, British Columbia

Welcome to the amazing "College Park Place" one of Abbotsford's most highly desirable condo complex's. This beautifully renovated 2 bed 2 bath ground floor corner unit in the heart of Abbotsford offers is all. This spacious and bright home has been completely renovated, offering a modern and stylish living space. As you enter, you'll be greeted by an open concept layout that seamlessly connects the living, dining, and kitchen areas. The large windows throughout the unit flood the space with natural light, creating a warm and inviting atmosphere. The master bedroom boasts a generous walk-in closet and a luxurious ensuite bathroom. Local shopping, entertainment, and highway 1 access just minutes away from your front door. This is a TURN KEY until that you HAVE to come and view for yourself. (id:48205)

2 Bedroom 2 Bathroom 1056
For sale Open House
$525,000
202 2860 TRETHEWEY STREET, abbotsford, British Columbia

202 2860 Trethewey Street

Abbotsford, British Columbia

Welcome to La Galleria, a 1 bed 1 bath premium suite with a den for storage or office.This condo is equipped with a gas range, SS appliances, slow close doors/drawers, pot filler over stove, granite counter tops. Walk thru closet, amazing bath with double sinks, extra large solarium with retractable glass panels, Barbq has plumbed gas as well as a hose bib on the patio. There's an easy roll down 7w' x 8'h x 3'5 d-garage storage with 2 underground parking spaces included.Centrally located, close to shopping, schools and entertainment. 2 dogs or cats or 1 of each, 15 kgs max. (id:48205)

1 Bedroom 1 Bathroom 711
For sale
$525,000
202 34101 OLD YALE ROAD, abbotsford, British Columbia

202 34101 Old Yale Road

Abbotsford, British Columbia

This stylish 2-bed, 2-bath condo in Yale Terrace offers a serene escape in a prime location. The 1079 sq ft unit showcases thoughtful updates enhancing its appeal. Step into an attractive living space feat. a gas F/P & stylish vinyl plank flooring. Bright kitchen boasts ample cabinetry, S/S appliances & quartz countertops, offering a welcoming ambiance. Bedrooms are strategically positioned for privacy, with the Primary enjoying an ensuite & tranquil views. Relax on the spacious deck. Enjoy 2 parking spots and storage locker, with abundant street parking. Near ARC, schools & shopping, this condo offers convenience in a peaceful setting. Benefit from a well-maintained building. Strata fee covers gas, hot water. Small pets welcome. Live your best life here - don't miss this opportunity! (id:48205)

2 Bedroom 2 Bathroom 1079
For sale
$525,000
306 30515 CARDINAL AVENUE, abbotsford, British Columbia

306 30515 Cardinal Avenue

Abbotsford, British Columbia

EXCELLENT OPPORTUNITY! This 2-bedroom, 2-bathroom condo presents an exceptional opportunity for comfortable living in the highly desirable TAMARIND WESTSIDE community. Built in 2009, this condominium unit has undergone comprehensive updates both internally and externally. The condo features a well-designed layout with 872 sqft of living space. Open living and dining spaces seamlessly flow into the spacious kitchen with a free-standing island, ideal for both daily living & entertaining. Nestled in the #1 TOP LOCATION, this condo offers the best of urban living. Easily stroll to the new mall, where shopping, dining, and entertainment options abound. With CINEPLEX, WAL-MART, and a variety of amenities within reach, your lifestyle is enhanced. (id:48205)

2 Bedroom 2 Bathroom 872
For sale Open House
$525,000
115 33280 E BOURQUIN CRESCENT, abbotsford, British Columbia

115 33280 E Bourquin Crescent

Abbotsford, British Columbia

Welcome to Emerald Springs! This 2-bed, 2-bath condo is move-in ready. It's on the ground floor, steps from Mill Lake and Sevenoaks. Features include large primary suite with walk in closet and 4 piece ensuite and a laundry room with stacker washer dryer with room for storage, vinyl plank floors, stone fireplace, updated kitchen, and ensuite bathroom. With a spacious patio w/nice lookout onto grass area, it's perfect for pet owners. Excellent location and it's convenient for all your needs. A must see!!! (id:48205)

2 Bedroom 2 Bathroom 1026
For sale
$524,900
403 32729 GARIBALDI DRIVE, abbotsford, British Columbia

403 32729 Garibaldi Drive

Abbotsford, British Columbia

Gorgeous 1 BED + DEN + 2 BATHS at the coveted GARIBALDI LANE featuring a top floor, inside corner unit overlooking the courtyard from the quiet side of the complex. Spacious floor plan boasting a functional kitchen with granite counters and stainless steel appliances. Crown moulding through out. Soak up plenty of natural light with an abundance of windows and step out on to a great-sized balcony perfect for your morning coffees. Storage is not an issue here, with an oversized utility room PLUS a storage Locker. In the ensuite, you'll find a soaker tub plus a separate stand up shower. There's a convenient powder room perfect for guests. In-suite laundry and a beautiful stonework fireplace. Generously sized primary bedroom with a walk-in closet. Walking distance to transit and all amenities. (id:48205)

1 Bedroom 2 Bathroom 963
For sale
$524,700
311 33708 KING ROAD, abbotsford, British Columbia

311 33708 King Road

Abbotsford, British Columbia

COLLEGE PARK! Corner Unit!!! This unit features 2 bedrooms/ 2 bathrooms, huge kitchen, bright living room with fireplace, dining area & in suite laundry. Bright/ natural light unit and ready for you. Beautiful covered wrap around deck faces trees to the west and north over the roundabout - not looking into another building. Two underground parking spots, onsite gym & well run complex. Fantastic central location. No age restrictions. Close to schools, shopping, recreation, University of Fraser Valley, restaurants, parks & easy access to highway. (id:48205)

2 Bedroom 2 Bathroom 1067
For sale Open House
$520,000
405 33318 E BOURQUIN CRESCENT, abbotsford, British Columbia

405 33318 E Bourquin Crescent

Abbotsford, British Columbia

This lovely condo is a bright, spectacular home. The open living area is bracketed by the bedrooms for privacy. Over 900 square feet, it is well loved with quality floors, tasteful paint, electric fireplace and nine foot ceilings. The spacious balcony adds living space and natural light. The kitchen is roomy with plenty of storage. One underground parking spot, a second currently rented. Storage unit is nearby for convenience. One pet allowed. No size restriction. An amenities room and Guest Suite are available. Nature's Gate is an easy walk to the trails, pool, and peace and joy at Mill Lake, Seven Oaks Mall, transit, and all the city has to offer. Schools are within one kilometer. This is a quality home. Gate provides extra security and peace of mind. Open House Saturday, April 28 2-4. (id:48205)

2 Bedroom 2 Bathroom 909
For sale
$519,900
328 33175 OLD YALE ROAD, abbotsford, British Columbia

328 33175 Old Yale Road

Abbotsford, British Columbia

TOP FLOOR condo with almost 1200 sq ft of living space in Sommerset Ridge! This suite boasts a large kitchen, with new counter tops, white cabinetry and stainless steel appliances. The kitchen is open to the living room with a floor to ceiling stone feature wall and cosy gas fireplace. Easy to convert the den to a nursery or guest bedroom. Insuite laundry and a separate storage unit on the same floor right next door for easy access. Large covered balcony with additional access from the master bedroom. 2 small pets 15"/25lbs OK and families welcome. You'll love the open layout and the peace and quiet that comes with having no units above you! Great Condo, Great Location, Great Price, Call today! Some pics have been virtually edited. (id:48205)

2 Bedroom 2 Bathroom 1171
For sale Open House
$519,900
207 33728 KING ROAD, abbotsford, British Columbia

207 33728 King Road

Abbotsford, British Columbia

College Park Place! This 2nd floor unit is located in the new U-District neighborhood of Abbotsford and is one of the larger floorplans available in the complex. The kitchen features quartz countertops with marble tile backsplash & S/S appliances. Open concept living with generous sized living room & dining room with crown moldings, gas f/p & oversized laundry room. Large south facing deck where you can have an electric BBQ. Ideal location of the building away from the street & close to the elevator. Easy walk to Abbotsford Centre & UFV. Minutes drive to the Hospital, Hwy 1, Mill Lake, US border & Abbotsford Airport. Two underground parking spaces, storage locker, l guest suite at a very reasonable rate plus a gym. Two pets are allowed here with restrictions & quick possession is possible! (id:48205)

2 Bedroom 2 Bathroom 1138
For sale
$519,800
414 2120 GLADWIN ROAD, abbotsford, British Columbia

414 2120 Gladwin Road

Abbotsford, British Columbia

THE ONYX AT MAHOGANY. Stunning architectural design building across from Famous Mill Lake. Prime top floor suite with 10 foot ceilings and large windows for lots of natural light. Gorgeous kitchen with quartz countertops, designer kitchen cabinets, stainless steel appliances including the gas stove and gas is included in the maintenance fee, living and dining rooms, 2 bedrooms, laundry room and big deck with great views. 2 parking! Storage locker. E/V Chargers, Car wash station, Bike locker. Exercise room. A/C. 3 blocks from Abbotsford Regional Hospital walk to Seven Oaks Mall, Restaurants, freeway access, transit. Not many top floor suites come available in this popular development situated in prime Abbotsford location. (id:48205)

2 Bedroom 1 Bathroom 866
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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