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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
$488,800
205 2435 CENTER STREET, abbotsford, British Columbia

205 2435 Center Street

Abbotsford, British Columbia

Centrally located 2 bedroom 2 bath unit. Features include a gas fireplace for cozy winter evenings, large kitchen, very spacious layout, primary bedroom has 4 piece ensuite. Underground parking with a storage unit. Pet friendly. No age restrictions. Quick and easy freeway access, shopping, recreation nearby. Call today to view this unit. (id:48205)

2 Bedroom 2 Bathroom 1006
For sale Open House
$484,900
215 2632 PAULINE STREET, abbotsford, British Columbia

215 2632 Pauline Street

Abbotsford, British Columbia

Welcome to Historic Downtown Abbotsford living! This is Yale Crossing. Built in 2009, unit 215 offers 2 bedrooms, 2 bathrooms, open kitchen, dining and living room areas, 5 piece ensuite, full family bath and large laundry room with space for storage! Plenty of afternoon light with that West facing exposure. Enjoy a well run strata with local caretaker and welcoming two dogs or cats. Comes with one secure parking stall and additional private storage. You will appreciate the location with walking distance to many options for dining, shopping, coffee shops, bakeries, shopping as well as short drive to freeway, hospital and more! Open Houses Sat, May 4th and Sun, May 5th (2:00pm - 4:00pm) (id:48205)

2 Bedroom 2 Bathroom 949
For sale
$484,900
307 2575 WARE STREET, abbotsford, British Columbia

307 2575 Ware Street

Abbotsford, British Columbia

Stunning 2-bed, 2-bath sprawling corner unit in The Maples! This complex is prized for its proximity to amenities. The beautiful kitchen boasts ample cabinets, pantries, and a built-in desk. Enjoy floor-to-ceiling windows filling the space with natural light and a cozy gas fireplace in the living room (gas included in strata fee!). Both bedrooms offer privacy, with the primary featuring a spacious 3-piece ensuite. Additional highlights include in-suite laundry with built-in cabinets, designer paint, and a covered deck for year-round enjoyment. Just steps to mill lake park! Pride of ownership shines through here. (id:48205)

2 Bedroom 2 Bathroom 1170
For sale
$479,900
402 1750 MCKENZIE ROAD, abbotsford, British Columbia

402 1750 Mckenzie Road

Abbotsford, British Columbia

Looking for an affordable home? Terrific starter home - corner unit, ground floor facing private Greenspace in sought after Alderglen. Large windows with lots of natural light. One of the few units which includes a storage unit 6'11" x 4'4". Located close to the University of the Fraser Valley, schools and shopping. Dishwasher is new, hot water tank has just been replaced. Flooring has been updated, plus new counter tops. Patio is 22'x 8'. Easy highway access. One parking spot designated and second spot available for residents or tenants. (id:48205)

2 Bedroom 1 Bathroom 935
For sale
$479,000
323 34909 OLD YALE ROAD, abbotsford, British Columbia

323 34909 Old Yale Road

Abbotsford, British Columbia

Welcome home! This inviting 2 bed 2 bath upper-level end unit townhome is perfectly situated in the heart of East Abbotsford's coveted McMillan area! Step inside to discover a cozy living room and recently renovated kitchen. Generously sized primary bedroom, complete with two closets and an ensuite. Plus, enjoy the luxury of direct access to the expansive 200sqft covered balcony, perfect for relaxing and entertaining year-round. Storage won't be an issue here, with a large laundry area, an oversized pantry, and additional storage space conveniently located right outside your door. Whether you're a growing family or simply appreciate room to roam, this home has you covered. This family-friendly complex offers ample green space for outdoor activities and offers an outdoor pool providing endless opportunities for recreation and relaxation. With its proximity to Abbotsford's best school catchments, including McMillan Elementary, Fraser Middle, and Yale Secondary, educational excellence is within walking distance! (id:48205)

2 Bedroom 2 Bathroom 938
For sale Open House
$478,888
623 34909 OLD YALE ROAD, abbotsford, British Columbia

623 34909 Old Yale Road

Abbotsford, British Columbia

This stunning upper-floor corner unit is the perfect place to call home. With 2 bedrooms, 2 bathrooms, and plenty of storage space, it has everything you need and more. The unit has been fully renovated, with new appliances, quartz countertops, and fresh paint throughout. The kitchen is equipped with top-of-the-line appliances, making it a chef's dream. The living area features recessed lighting and surround sound speakers, creating the perfect atmosphere for relaxing and entertaining. The unit also comes with a washer and dryer for added convenience. Outside, you'll find 2 parking spots right in front of the unit, making it easy to come and go. The unit is also within walking distance of the 2 best schools in the area. Don't miss out on this incredible opportunity, call today! (id:48205)

2 Bedroom 2 Bathroom 928
For sale
$477,000
106 32870 GEORGE FERGUSON WAY, abbotsford, British Columbia

106 32870 George Ferguson Way

Abbotsford, British Columbia

INVESTORS & FIRST TIME HOME BUYERS! This spacious 1185 sqft ground level unit features 3 Bedrooms and 2 Bathrooms with many Renovations and Upgrades. Functional layout with a spacious living and dining room. Located on the quiet side of the complex with a private balcony overlooking landscape. Rentals Allowed and Located near schools, shopping malls, Superstore, Mill Lake Park, recreation, public transit, restaurants, coffee shops, parks & easy access to Highway 1. The unit comes with underground parking and storage. Additional parking is available. Plenty of visitor parking on-site. MUST SEE!! (id:48205)

3 Bedroom 2 Bathroom 1185
For sale
$475,900
141 2451 GLADWIN ROAD, abbotsford, British Columbia

141 2451 Gladwin Road

Abbotsford, British Columbia

Discover unparalleled comfort and convenience at 141-2451 Gladwin Road. Nestled within a meticulously kept 55+ community, this ground floor haven welcomes you with 3 bedrooms, 2 bathrooms, and an intelligently crafted open layout, ideal for both relaxation and hosting. Positioned mere moments from vibrant shopping, delectable dining options, and the serene landscapes of Mill Lake Park, every necessity and leisure pursuit is effortlessly accessible. Embrace the epitome of hassle-free living in Abbotsford's core. Don't let this extraordinary chance slip away. (id:48205)

3 Bedroom 2 Bathroom 1309
For sale
$475,000
313 33546 HOLLAND AVENUE, abbotsford, British Columbia

313 33546 Holland Avenue

Abbotsford, British Columbia

Centrally located two bedroom end unit is on the top floor - you have only one neighbour! Ten foot ceilings, granite counters, black appliances, laundry room (not in a closet!) well maintained and has updated light fixtures. Soak up the sun on your 90 sq/ft southern exposed spacious deck complete with wood decking, extra windows provide plenty of natural lighting in the suite. Excellent for students, hospital employees or commuters, only 6 min drive to UFV or 15 minute walk, great highway #1 access. Close to restaurants, coffee shops, shopping and transit. A storage locker and two parking stalls come with this unit in a secure underground parking. 1 cat OR dog up to 14" shoulder height. Quick possession available, easy to view! (id:48205)

2 Bedroom 1 Bathroom 876
For sale Open House
$474,999
304 2750 FULLER STREET, abbotsford, British Columbia

304 2750 Fuller Street

Abbotsford, British Columbia

Welcome to your TOP FLOOR corner unit at Valley View Terrace. This spacious 2 Bed 2 Bath has been fully renovated with many quality updates including laminate flooring, high-end stainless steel appliances, quartz countertops, a breakfast bar, freshly painted and ample cabinetry. Savour your morning coffee on the wrap around balcony which features beautiful mountain views surrounded by greenery. Abundance of natural light that dances through the generous windows. Located in Central Abbotsford just a short walk to various leisure activities, restaurants, and shopping. Easy access to Highway 1 and minutes away from Terry Fox Elementary School. 1 Garage parking and storage locker included. Vacant - Quick Possession Available. No age restrictions, Rentals/Pets Allowed. Open House Saturday May 4th, 1-3pm. (id:48205)

2 Bedroom 2 Bathroom 1053
For sale Open House
$474,900
401 32075 GEORGE FERGUSON WAY, abbotsford, British Columbia

401 32075 George Ferguson Way

Abbotsford, British Columbia

Welcome to the heart of Abbotsford, where peace meets convenience in this stunning 2 bedroom, 2 bathroom condo. Perfectly situated, this property boasts an enviable location surrounded by all the amenities one could desire. Step into this spacious unit and be greeted by a massive primary bedroom, offering ample space for relaxation and tranquility. The kitchen has plenty of storage space. Whether you're cooking a gourmet meal or enjoying a quick breakfast, this kitchen has everything you need to unleash your culinary creativity. The living room is the heat of the home, inviting you to unwind and entertain in style. This condo is not just a home - it's an investor's dream. If you're looking to expand your investment portfolio or secure a profitable rental property. This is it! (id:48205)

2 Bedroom 2 Bathroom 1135
For sale
$469,900
236 32830 GEORGE FERGUSON WAY, abbotsford, British Columbia

236 32830 George Ferguson Way

Abbotsford, British Columbia

FIRST-TIME BUYERS & INVESTORS ALERT! Excellent 2 bed 2 bath unit with 925 sqft of living space! Fully renovated with new Kitchen, bathroom cabinets and new vinyl plank flooring throughout. All new lighting, f/p, paint, granite counters, trim, casings, doors, etc. Comes with one underground parking space. Central location close to Sevenoaks Shopping Centre, Mill Lake Park, transit, schools & golf courses- this home will not disappoint- well managed complex. (id:48205)

2 Bedroom 2 Bathroom 925
For sale
$469,900
109 2410 EMERSON STREET, abbotsford, British Columbia

109 2410 Emerson Street

Abbotsford, British Columbia

INCREDIBLE VALUE 2 BED/ 2 BATH FULLY RENOVATED UNIT WITH BRAND NEW REMOTE GAS FIREPLACE, WATERPROOF VINYL PLANK FLOORING,UPDATED BATHROOMS, & NEW LIGHT FIXTURES THROUGH OUT WITH WALK OUT PATIO! You Can Even Access Directly From the 2nd Bedroom Sliding Door! Newer Stove & Washer Dryer Puts Your Maintenance Worries At Ease. Full Exterior, Patio & Fencing Replacement Currently Underway & ALREADY PAID FOR! LARGE Master Bedroom With Ample Walk In Closet & Full Ensuite. Main Bathroom Outfitted With NEW WALK IN SHOWER With Accessibility Handles. NEVER WORRY ABOUT LOVED ONES In this Cozy Community Oriented Building With Friendly Neighbours, Coffee Days & Fun Events! LIBRARY & SOCIAL ROOM WITHIN BUILDING, AS WELL AS SHOPS & MILL LAKE PARK A STONES THROW, SHORT STROLL OR SCOOTER RIDE UP YOUR STREET. (id:48205)

2 Bedroom 2 Bathroom 1139
For sale Open House
$469,900
22 32718 GARIBALDI DRIVE, abbotsford, British Columbia

22 32718 Garibaldi Drive

Abbotsford, British Columbia

Renovation! Renovation! Renovation! New kitchen with quartz counter tops and brand new stainless steel appliances. All new flooring, fresh paint, new fixtures, tasteful feature walls, new bathroom with walk in shower and new vanity with quartz counter tops, huge laundry room and more! This spacious, 2 bedroom, upper level townhome at Fircrest Estates has over 1,100 sqft. Generous room sizes and 2 large sundecks. Amenities include games room, workshop, and meeting area. Close to shopping, transportation, Superstore, coffeeshops and restaurants. 55+ Age restricted complex. No pets. Electricity, heat and water included in the strata fee. Call Today! (id:48205)

2 Bedroom 1 Bathroom 1132
For sale
$469,900
301 3090 GLADWIN ROAD, abbotsford, British Columbia

301 3090 Gladwin Road

Abbotsford, British Columbia

"Hudson's Loft" in Central Park! This 1 bed 1.5 bath loft style home has an 18ft ceiling & floor to ceiling windows in the living room. High end finishing throughout include engineered hardwood flooring, stainless appliances, quartz counter tops, under mount sinks & glass railings just to name a few! South facing balcony off the living room. Centrally located this property is surrounded by cafes, restaurants, parks and more! This is a great investment opportunity or perfect for the first time home buyer. 2 pets & rentals allowed. EXCELLENT CONDITION! (id:48205)

1 Bedroom 2 Bathroom 637
For sale
$468,000
205 33401 MAYFAIR AVENUE, abbotsford, British Columbia

205 33401 Mayfair Avenue

Abbotsford, British Columbia

Welcome to Mayfair Gardens! This beautiful 2 bedroom, 2 bathroom unit has it all. Updates galore including updated cabinets, tiles, tiled backsplash and eye-catching engineered hardwood flooring throughout. And this home features not one...but two balconies! Well designed open floor plan with a huge master bedroom with fabulous ensuite. Plenty of room for storage including a storage locker. In-suite laundry included. No pets and no smoking. Adult-oriented 55+ building. Call today! (id:48205)

2 Bedroom 2 Bathroom 1226
For sale Open House
$465,900
74 32718 GARIBALDI DRIVE, abbotsford, British Columbia

74 32718 Garibaldi Drive

Abbotsford, British Columbia

This home has been renovated by a perfectionist from top to bottom. Kitchen completely redone with new/additional cabinets including a pantry, new quartz counter tops with extra counter space, new appliances, extra electrical outlets, under counter lightings and an eating bar. New flooring through out the entire suite. New lighting. New vanities and toilets in both the main bathroom plus the ensuite (off the master bedroom). The den has been converted into a separate bedroom with a proper door. New baseboard heating through out. A barn door was added to the laundry area. Tons of cupboards for storage plus a separate storage room. Front enclosed deck and back a large open balcony. Electrical and hot water paid in the strata fees. (id:48205)

2 Bedroom 2 Bathroom 1154
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
208 2515 PARK DRIVE, abbotsford, British Columbia

208 2515 Park Drive

Abbotsford, British Columbia

Beautifully updated 2 bedroom, 2 bath home with 2 parking stalls. This is a end corner unit on the quiet side of the building. Nice open floor plan with an open kitchen concept. Lots of light in all the rooms. Very central location close to shopping, restaurants, parks and schools. Excellent access to the highway. Pets are allowed. (id:48205)

2 Bedroom 2 Bathroom 863
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
$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
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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