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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 Open House
$459,900
306 1750 MCKENZIE ROAD, abbotsford, British Columbia

306 1750 Mckenzie Road

Abbotsford, British Columbia

Welcome to The Alderglen, one of Abbotsford's best family-friendly townhome complexes! This 2 bedroom, upper-level corner home is ideally located next to greenspace for a quiet, calming view. The ample windows bathe the open concept kitchen/living/dining areas in natural light. New paint, upgraded LED lighting & updated kitchen cabinets/counters/flooring give the home a fresh feel. The laundry room & pantry off the kitchen provides plenty of storage. The WIC connects the remodeled bath to the spacious primary bedroom. Enjoy sunsets on the extra-large deck or stroll to nearby parks on this quiet cul-de-sac. Centrally located with easy freeway access make this a commuters dream! Take advantage of the proximity to Shopping, UFV, Hospital and more! Pets allowed make this a unique opportunity. (id:48205)

2 Bedroom 1 Bathroom 961
For sale Open House
$459,900
302 32828 LANDEAU PLACE, abbotsford, British Columbia

302 32828 Landeau Place

Abbotsford, British Columbia

Discover the epitome of luxury at Court Living! This sophisticated 1-bed, 1-den condo boasts a sleek layout drenched in sunlight. The den offers flexibility as a cozy kid's room or expansive office space. With a generous 168 sq ft terrace showcasing stunning city vistas, every moment is elevated. Nestled centrally, enjoy easy access to all conveniences. Benefit from EV charging, pet-friendly accommodations with no size limits, minimal strata fees, and lucrative rental potential. Whether you're investing or nesting, Court Living ensures refined urban living in Abbotsford's core. Schedule your exclusive viewing today! Don't miss out! (id:48205)

1 Bedroom 1 Bathroom 659
For sale
$459,900
107 33480 GEORGE FERGUSON WAY, abbotsford, British Columbia

107 33480 George Ferguson Way

Abbotsford, British Columbia

CARMODY RIDGE CONDO....This spacious 1032 sq ft ground floor corner unit has loads of windows. Bedrooms are separated and each have their own ensuite which make a great floor plan for a room mate or child to share. Laminate floors and a cozy gas fireplace in the living room. The private deck is on the quiet back corner of the building. The ground floor makes it great for a pet. This is a non smoking building, no age restrictions and smaller pets. Close to everything, bus, restaurants and shopping. (id:48205)

2 Bedroom 2 Bathroom 1032
For sale
$459,000
123 34909 OLD YALE ROAD, abbotsford, British Columbia

123 34909 Old Yale Road

Abbotsford, British Columbia

WELCOME TO THE GARDENS! A serene complex situated in the heart of East Abbotsford's popular Mcmillian area. You will love this spacious 2 bedroom, 2 bathroom unit with updated appliances, upgraded closets and a fully renovated bathroom. Cozy up next to the natural gas fireplace in the winter or enjoy summer evenings on your 34'x6' balcony in the summer. Speaking of summer, this complex has a beautiful outdoor pool and a huge central green space; which is great for all summer and outdoor activities. This unit is walking distance to all level of schools, shops, restaurants , convenient stores and Abbotsford Recreation Centre, Only 5 or so minutes from Hwy 1 and minutes from Hwy 11. Don't miss your chance to view this unit while it lasts. (id:48205)

2 Bedroom 2 Bathroom 932
For sale Open House
$455,000
18 3380 GLADWIN ROAD, abbotsford, British Columbia

18 3380 Gladwin Road

Abbotsford, British Columbia

Welcome to Forest Edge! This gem of a townhome on the upper floor offers views of Old Riverside Park and Discovery trail. Enjoy over 1200 sq ft on a single level with, a gas fireplace in the living room, and 2 good sized bedrooms plus 2 full bath rooms. The open deck offers a relaxing space,that is well maintained & in excellent shape. Features your own covered parking space just 6 feet from your front door.. age restrictions are 55 Plus and this complex has only 48 homes and is in Walking distance to shops and restaurants, and has a bus stop just a few steps away, the deck is east facing great for plants to get the morning sun but not the afternoon's blazing heat, giving you many more enjoyable hours bushy tail squirrel and bird watching , so relaxing, sit and read your favourite book!There is also a club house to rent for large family gatherings with extra parking at the church next door with gated walkway from their parking lot. (id:48205)

2 Bedroom 2 Bathroom 1243
For sale
$450,000
202 33675 MARSHALL ROAD, abbotsford, British Columbia

202 33675 Marshall Road

Abbotsford, British Columbia

Large 1053 square foot 2 Bedroom 2 Bathroom home in The Huntington. This home is centrally located with easy access to UFV, Highway 1, all kinds of shopping and many fantastic restaurants. Newer clothes washer and dryer, dishwasher and hot water tank, all replaced within the last year. Tasteful updates throughout, this large 2 bedroom unit is bright and a great place to call home. The primary bedroom is spacious with large windows for natural light, and a 3 piece ensuite. Complete with 2 underground parking spots and even a storage locker. This is a great place to call home, and a great location to live. (id:48205)

2 Bedroom 2 Bathroom 1053
For sale
$450,000
35 2938 TRAFALGAR STREET, abbotsford, British Columbia

35 2938 Trafalgar Street

Abbotsford, British Columbia

Welcome home to TRAFALGAR PARK! A well cared for complex with proactive Strata! A bright Private Corner Ground unit rancher, 2 bed, 2 bath. NEW Fridge, NEW high toilets. The Primary bedroom has a full ensuite and a backdoor to the garden area. Open floorplan with a spacious living room, dining and family room. Very private patio leading off the living area where you can enjoy your morning coffee! Newly renovated CLUB HOUSE and GUEST suite/community room and workshop for your enjoyment! Centrally located, close to public transit, shopping, restaurants and beautiful Mill Lake. Bonus: strata fee includes hot water, electricity and heat. Age restriction 55+, 1 cat or dog (12" at the shoulder; max 12kg). Quick possession! (id:48205)

2 Bedroom 2 Bathroom 1223
For sale Open House
$449,900
338 33173 OLD YALE ROAD, abbotsford, British Columbia

338 33173 Old Yale Road

Abbotsford, British Columbia

Welcome to SOMMERSET RIDGE's Rare find in Central Abbotsford! This 2 bed 2 bath apartment is a great cozy place to call your "HOME". Boasting ample green space and visitor parking, this unit offers a serene environment. Walk into bright living room with open dinning space and fully functional kitchen. Walk-in laundry room with ample space for storage. Enjoy the convenience of being within walking distance to all levels of schools (Elementary - Terry Fox Elementary) (Secondary - W J Mouat Secondary), shopping centers, Mill Lake, and the transit exchange. Meticulously maintained, this unit features numerous updates and is pet-friendly with restrictions. Don't miss out on this gem! Book your Appointment today. Open House April 27/28 Sat/Sun - 1PM-3PM (id:48205)

2 Bedroom 2 Bathroom 919
For sale Open House
$449,900
108 33668 KING ROAD, abbotsford, British Columbia

108 33668 King Road

Abbotsford, British Columbia

Welcome to College Park Place! Unit 108 offers 2 bed/2 bath, ground floor, south-facing charm. Enjoy amenities like a guest suite and gym, plus recent upgrades. With over 900 sq ft, covered patio, and gas utilities in strata fees, it's turn-key convenience. Prime location near University of the Fraser Valley, Abbotsford Centre, and easy Highway 1 access. Contact your realtor today and come have a look! Open House April 28th from 1:00pm - 3:00pm (id:48205)

2 Bedroom 2 Bathroom 910
For sale
$449,900
309 33960 OLD YALE ROAD, abbotsford, British Columbia

309 33960 Old Yale Road

Abbotsford, British Columbia

Welcome to Old Yale Heights. This beautifully updated 2 Bedroom, 2 full bathroom condo has 2 covered parking spots! Primary bedroom with full ensuite featuring great detail with wainscotting. 2nd full bathroom has walk-in shower with bench. Fresh professional paint through-out with new blind package, newer flooring and new carpets in the bedrooms. Bus stop is located right by entrance area of complex A great opportunity for the 1st time buyer or investor. (id:48205)

2 Bedroom 2 Bathroom 831
For sale Open House
$449,900
202 3063 IMMEL STREET, abbotsford, British Columbia

202 3063 Immel Street

Abbotsford, British Columbia

Welcome to this beautifully renovated 2-bed, 2-bath unit, featuring fresh paint, a spacious walk-in closet, and sleek finishes throughout. Conveniently located near to everything you need, this vacant gem awaits your personal touch. Schedule a viewing today and make it yours! (id:48205)

2 Bedroom 2 Bathroom 900
For sale Open House
$449,900
318 2964 TRETHEWEY STREET, abbotsford, British Columbia

318 2964 Trethewey Street

Abbotsford, British Columbia

Come see this beautifully updated & clean condominium at Cascade Green, located in a highly desired area of West Abbotsford. This bright & spacious 3rd floor unit features 2 bedrooms, 2 bathrooms, 921 sq. ft. of living space, SS appliances, in suite laundry, storage and 1 underground parking stall. Modern upgrades and a private balcony create an inviting atmosphere for both relaxation and entertaining. Family/pet friendly building in an excellent location walking distance to schools for all ages, shopping, recreation, restaurants Rotary Stadium, parks & trails, transit & quick freeway access! Whether you are a first time home buyer, or looking to downsize, this property is a solid investment. Book your private viewing today! (id:48205)

2 Bedroom 2 Bathroom 921
For sale Open House
$449,000
111 33090 GEORGE FERGUSON WAY, abbotsford, British Columbia

111 33090 George Ferguson Way

Abbotsford, British Columbia

Welcome to TIFFANY PLACE! Immaculate 2 bed, 2 bath and DEN ground-floor unit. Large kitchen with breakfast nook w built in storage, ample counter space and matching appliances. Formal dining off kitchen, opening into spacious living room with sliding glass door onto private patio & grassy treed area... Very peaceful and quiet. Large master bed equipped with 3 piece en-suite with walk-in shower, second bedroom and 4 piece main bath with tub-shower combo. Separate laundry room is HUGE (could be used as den/office/extra storage) STRATA FEES INCL. HEAT, HOT WATER + ELECTRICITY! 1 underground parking + 1 storage locker. Building has workshop, amenities room, car wash area and is centrally located along transit routes, short walk to 7 oaks and Mill Lake. Call today! (id:48205)

2 Bedroom 2 Bathroom 1153
For sale Open House
$449,000
214 2120 GLADWIN ROAD, abbotsford, British Columbia

214 2120 Gladwin Road

Abbotsford, British Columbia

Welcome to Onyx at Mahogany, a luxurious residence in Abbotsford. Situated near Mill Lake Park and Abbotsford Regional Hospital, with nearby schools, convenience meets tranquility here. Enjoy the bright, airy atmosphere of this south-facing unit, boasting panoramic views from the spacious balcony. Entertain in the well-appointed kitchen with granite countertops and stainless steel appliances. Hardwood floors add elegance, while the master bedroom features a walk-in closet and a dual sink master bathroom with a luxurious bathtub. Roughed-in wiring allows for easy installation of an air conditioning system. This unit includes one underground parking spot and one storage locker. Additional amenities like a gym and meeting room enhance the upscale living experience. **Open House Saturday May 4 from 2-4PM** (id:48205)

1 Bedroom 1 Bathroom 653
For sale
$449,000
201 2780 WARE STREET, abbotsford, British Columbia

201 2780 Ware Street

Abbotsford, British Columbia

Great home or investment property! Spacious 2 bedroom, 2 bath with full size insuite laundry in a very well run complex. Shows awesome with laminate flooring, tiled foyer & bath, large mstr bedroom with walk-in closet & full 3 pce ensuite, updated fixtures, kitchen countertops... nothing to do here. South facing covered deck. Great tenant would like to stay. No age restriction, rentals allowed, allows 1 dog or cat up 25 lbs. Very central location close to Seven Oaks Mall & Mill Lake. (id:48205)

2 Bedroom 2 Bathroom 964
For sale
$444,900
106 32669 GEORGE FERGUSON WAY, abbotsford, British Columbia

106 32669 George Ferguson Way

Abbotsford, British Columbia

This bright and spacious 1,250 sq ft, 2 Bed / 2 Bath condo feels like a rancher style house! It's a Southeast facing, ground floor corner unit which gives it lots of light with huge wrap around patio boasting a large pivate yard and garden. This home is a very well kept unit with updated flooring, fixtures and countertops. Canterbury Gate is centrally located, only a 12 min walk to Sevenoaks Mall, 5 min to Superstore; 5 min drive to Hwy 1 and is a well maintainted and gated complex. Building amenities include a good-sized community room for your parties & fully equipped workshop for handymen and hobbyists! These units rarely come available - don't miss out! Live and Invest in Peace and Convenience! (id:48205)

2 Bedroom 2 Bathroom 1250
For sale
$442,000
300 2350 WESTERLY STREET, abbotsford, British Columbia

300 2350 Westerly Street

Abbotsford, British Columbia

Explore this luminous and pristine 2-bedroom, 1-bathroom condominium situated in a coveted and central Abbotsford location. This property boasts an array of attractive features, including generously sized bedrooms, a cozy gas fireplace, and a sunlit west-facing balcony. The building is impeccably maintained, showcasing a newer roof, and a notable advantage is that the strata fees encompass the cost of hot water. Enjoy the convenience of a secure underground parking space along with ample street parking for guests. This prime location offers close proximity to various amenities such as shops, restaurants, Mill Lake Park, Highway #1, and more. Seize this opportunity by contacting today. (id:48205)

2 Bedroom 1 Bathroom 860
For sale
$439,900
101 2414 CHURCH STREET, abbotsford, British Columbia

101 2414 Church Street

Abbotsford, British Columbia

Welcome to Autumn Terrace. A beautiful 55+ community in the heart of Abbotsford. Here you'll find a beautifully maintained elevated first floor corner unit condo featuring 2 bedrooms, 2 bathrooms, and over 1200 sqft of living space. This unit offers a galley style kitchen with updated white cabinetry, eating nook and stainless steel appliances. Access the large enclosed wrap around deck from the spacious living room. This south facing unit boasts plenty of natural light with front and side windows. 3 piece ensuite in the master bedroom for added convenience. Other updates include vinyl floors, light fixtures, and paint. This unit is move in ready and also has in suite laundry. Storage locker and secure parking as well as visitor parking. Close to everything you need - call today! (id:48205)

2 Bedroom 2 Bathroom 1205
For sale
$439,000
312 33960 OLD YALE ROAD, abbotsford, British Columbia

312 33960 Old Yale Road

Abbotsford, British Columbia

This 2 bed, 2 bathroom condo features a spacious 838 sq.ft. of living space. Very well maintained it includes in-suite laundry, a parking stall, a storage locker and a private balcony. Located within walking distance to old town Abbotsford with a bus stop just out the front entrance. Call today for a showing! (id:48205)

2 Bedroom 2 Bathroom 838
For sale
$439,000
417 2964 TRETHEWEY STREET, abbotsford, British Columbia

417 2964 Trethewey Street

Abbotsford, British Columbia

Top floor in Cascade Green! Welcome to this move-in ready, immaculate, very quiet 2 bedroom 2 bath Condo. All important updates have been done! Laminate floors, granite countertops and a bright kitchen with a beautiful floor to ceiling stone fireplace with mantle in the spacious livingroom. Extra space for storage in the laundry room. Bask in the sun on the south facing balcony. No age restriction, rentals allowed and no size restriction for a dog. Underground parking and a secondary parking spot available for a fee through strata. Walking distance to recreation , shopping and almost everything. A must see! (id:48205)

2 Bedroom 2 Bathroom 921
For sale
$438,800
247 2451 GLADWIN ROAD, abbotsford, British Columbia

247 2451 Gladwin Road

Abbotsford, British Columbia

1150 sf condo in the 'Oaks' at sought after 'Centennial Court'! Walking distance to it all! Mill Lake Park, 7 Oaks Shopping Centre, Transit, etc. This bright & open & spacious unit is designed to pamper you w/fresh paint & attractive decor, spacious kitchen w/attractive white cabinets, tile back-splash & more. Both bathrooms also have updates. Entertaining sized dining rm & living room w/cozy gas fireplace & access to good sized covered balcony overlooking the courtyard. 2 bdrms & 2 baths incl spacious primary bdrm w/3 pce ensuite. Impressive lamenities include: indoor pool, hot tub, sauna, exercise room, guest suite, meeting/board room, secure underground parking and storage locker. Strata fees include hot water. 55+, no pets. Affordable living at its finest. (id:48205)

2 Bedroom 2 Bathroom 1150
For sale Open House
$430,000
110 1755 SALTON ROAD, abbotsford, British Columbia

110 1755 Salton Road

Abbotsford, British Columbia

Discover the Gateway! This 2-bedroom apartment offers smart design maximizing space and functionality. With a walk-through closet, in-suite laundry, and ample storage, convenience is key. End unit and family oriented apartment is located near shopping, dining, Abbotsford Centre, and University of the Fraser Valley, it's perfect for those seeking both luxury and convenience. Don't miss out on this exceptional residence! OPEN HOUSE: MAY 4 & 5 from 1-3pm. Feel free to send your buyer to the open house. (id:48205)

2 Bedroom 1 Bathroom 931
For sale
$429,900
267 32691 GARIBALDI DRIVE, abbotsford, British Columbia

267 32691 Garibaldi Drive

Abbotsford, British Columbia

The Ever Popular and Desired Carriage Lane Living! Super sought after Large 2 Bedroom, Ground Floor Home, Beautifully Renovated and Loved over the years !!NO STAIRS!! Situated in a fantastic and quiet location in complex. Great open living room with dining. Updated kitchen and bathroom counters and backsplash, light fixtures. New Paint! Updated vinyl plank flooring and carpets. Huge laundry room!! Enjoy your front patio and very private quiet back patio. People love living here!~ social life, if desired, is here for you too. Along with exercise room, detached workshop. Storage Locker also included. BONUS: Age 55+, 1 small dog or 1 cat welcome! Book your private showing today!~ (id:48205)

2 Bedroom 1 Bathroom 1154
For sale
$429,000
202 2450 CHURCH STREET, abbotsford, British Columbia

202 2450 Church Street

Abbotsford, British Columbia

Beautifully Updated 2 bedrm 2 bathrm 1415 sq ft VACANT 2nd FLOOR CORNER UNIT (extra windows & natural light) in 55+complex at the end of quiet culdesac in W. Abbotsford (near shopping, restaurants & Hwy1) INVITING bright open livingrm (extra windows & newer cozy gas f/p, opens spacious diningrm. Amazing 5 yr old custom kitchen with island (soft-close drawers & doors plus newer appliances) opens to eating area /access to impressive 23ft deck) 14ft X/L MASTER SUITE features 7 ft walk in closet, 3 pc ensuite & deck access + Generous sized 2nd bdrm + additional 4 pc main bath & full size laundry. Other features inc. updated flooring, lighting, A/C. blinds, gas fireplace, washer /dryer, 1 secure Parking stall just a few steps recently replaced elevator. $576 Strata fee includes heat, gas fire place, electricity & hot water, Guest suite, Activity room with kitchen & woodworking. Tons of visitor parking! Healthy contingency fund of $150,500. Roof replaced aprox 2012/Max Occupancy 2 /No Pets. Call your agent to view (id:48205)

2 Bedroom 2 Bathroom 1415
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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