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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
$549,700
416 2581 LANGDON STREET, abbotsford, British Columbia

416 2581 Langdon Street

Abbotsford, British Columbia

Top floor, corner unit at the Cobblestone. This spacious unit has 2 bedrooms, 2 bathrooms and provides you with a large open kitchen. Plenty of room to entertain with its open floor plan and 9ft ceilings. This penthouse unit was renovated in 2016 with granite counter tops, new flooring, new appliances and paint through-out. Loads of visitor parking for your guests and 2 underground, side by side stalls for yourself. Pet friendly buildings allowing 2 pets with fresh exterior landscaping. You'll be steps from the Spud Murphy water park, the international friendship garden, shops and restaurants. Please call to learn all the golden nuggets this location has to offer. (id:48205)

2 Bedroom 2 Bathroom 1005
For sale
$549,000
101 2955 DIAMOND CRESCENT, abbotsford, British Columbia

101 2955 Diamond Crescent

Abbotsford, British Columbia

Welcome to Westwood! This welcoming 2-bedroom, 2-bathroom unit not only provides comfort but also ensures convenience at every turn. Situated in a prime location, Westwood offers unparalleled accessibility, ensuring that all essentials are within easy reach. One of its notable features is the low strata fees, adding to its appeal. Its central position grants swift access to shopping centers and recreational amenities, simplifying daily tasks. Abbotsford's Secret Garden, just across the road, invites with its serene atmosphere, ideal for a leisurely picnic or a tranquil stroll. Westwood embodies the essence of comfortable living, blending accessibility with a touch of natural charm. Schedule your viewing today to experience it firsthand. (id:48205)

2 Bedroom 2 Bathroom 952
For sale
$548,000
402 32063 MT. WADDINGTON AVENUE, abbotsford, British Columbia

402 32063 Mt. Waddington Avenue

Abbotsford, British Columbia

THE WADDINGTON - LIVE WELL. 47 stylish and comfortable living homes, ready to move into today! Everything you need is a short walk away. Quality craftsmanship is evident in every detail. Oversized windows and spacious plans - this unit is loaded with natural light. Designer kitchens complete with stainless steel appliances, custom finishing and more. The Waddington is all about you: Live well! (id:48205)

2 Bedroom 2 Bathroom 998
For sale Open House
$547,500
210 33318 E BOURQUIN CRESCENT, abbotsford, British Columbia

210 33318 E Bourquin Crescent

Abbotsford, British Columbia

Living in Nature at Natures Gate! Large corner has the feeling of living amongst the trees. Nestled into a beautiful greenbelt right in the heart of the city. Your big and beautiful new space boasts 9' high ceilings, crown mouldings, new laminate floors, in-suite laundry, 2 underground parking spaces, private storage locker (right across the hall), and a large (11'6x12'6) South facing corner patio! Go for a walk in the greenbelt trails, take a quick stroll over to Mill Lake Park or pop over to the shops at Sevenoaks mall just a short walk away. Public transit nearby and a 5 minute drive to Hwy 1, this is a prime location combining the serenity of nature with the accessibility of city living! Don't delay, come home today! (id:48205)

2 Bedroom 2 Bathroom 955
For sale
$540,000
204 2068 SANDALWOOD CRESCENT, abbotsford, British Columbia

204 2068 Sandalwood Crescent

Abbotsford, British Columbia

Introducing your new oasis of comfort and convenience! This stunning 2-bedroom, 2-bathroom plus den condo boasts elegant granite countertops in the Kitchen, creating a sophisticated ambiance for your culinary adventures. Nestled in a prime location within walking distance of Abbey Hospital, schools, UFV, Mill Lake Park, and shopping this condo offers the epitome of urban living. With easy highway access, commuting is a breeze, while the well-maintained building ensures peace of mind. You will enjoy the luxury of 2 side by side parking spots, car washing facilities, a storage unit, and bike storage. Visitor parking with 4 charging stations. Don't miss out on the opportunity to call this meticulously cared-for condo your new home. Call for your viewing today. (id:48205)

2 Bedroom 2 Bathroom 1007
For sale
$540,000
206 2068 SANDALWOOD CRESCENT, abbotsford, British Columbia

206 2068 Sandalwood Crescent

Abbotsford, British Columbia

Discover sanctuary at The Sterling! This 2 bed 2 bath corner unit feels like brand new, and boasts some truly unique features. Enjoy a new Heat Pump/AC unit just in time for summer. Step out onto one of the most spacious sun decks you can find in a condo, ready for your BBQ. The open concept layout with 9' ceilings showcases LARGE bedrooms, with new carpets and paint. Prime Location near the Hospital, Hwy 1, McCallum Shopping Centre, and UFV. Experience the kitchen's granite countertops with breakfast bar, NEW stainless steel appliances, and exquisite wood cabinets. Comes w/ NEW WSHR/DRYR, secure underground parking and storage. Pet-friendly with no size or breed restrictions for 1 cat or 1 dog. Great building and strata.This one has to seen in person to appreciate the experience of the layout. (id:48205)

2 Bedroom 2 Bathroom 1085
For sale Open House
$539,999
411 1514 MCCALLUM ROAD, abbotsford, British Columbia

411 1514 Mccallum Road

Abbotsford, British Columbia

Welcome to Cinema District, a development by Diverse Properties located in the U-District area of Abbotsford. Situated near a vibrant array of retail outlets, restaurants, The University, and Abbotsford Centre and the home of the Abbotsford Canucks, this master planned community offers a perfect blend of convenience and Entertainment. This Spacious Corner unit has 2 bedrooms & 2 full baths. W/I Closet in Master bedroom & double sinks. This unit has 2 designated under ground parking spots & a personal locker. Appliances include: Stainless Steel Fridge, Stove, Dishwasher, Microwave, Washer Dryer. 2" wood blinds. Enjoy the Morning & Evening walks to Blueberry Farms, Churches & City. Easy 2 minutes access to Hwy #1 with a 20 minutes drive to Langley & Chilliwack. (id:48205)

2 Bedroom 2 Bathroom 751
For sale
$539,900
412 33280 E BOURQUIN CRESCENT, abbotsford, British Columbia

412 33280 E Bourquin Crescent

Abbotsford, British Columbia

Family friendly Emerald Springs Penthouse located at back of complex overlooking the backyard garden. This 2 bedroom + large den, 2 bath condo is one of the best in the building. Vaulted ceiling in primary bedroom. Two sundecks that allow you to enjoy the sun during the day & take in the stars at night. Strata fees includes gas for your cozy gas fireplace & hot water. Wonderful amenities with rec center, exercise room, workshop and bike storage. Rec center includes kitchen that can be reserved for your personal use. Secure mail boxes on first floor. Lovely entrance foyer. Dogs 35 lbs. max. 1 dog or 2 cats or 1 cat and dog. Located on the bus route and close to all levels of schools. Easy walking distance to Mill Lake Park, shopping center's, professional services & fabulous dining. (id:48205)

2 Bedroom 2 Bathroom 1276
For sale
$539,900
9 32828 LANDEAU PLACE, abbotsford, British Columbia

9 32828 Landeau Place

Abbotsford, British Columbia

Move to the heart of Abbotsford at COURT! Loft #9 has its OWN PRIVATE ENTRANCE, large gated patio, with 1 bedroom & den. Enter to your functional flex space perfect for watching tv or at-home gym, mudroom & half bath. Walk up to the main living area of your loft, filled with natural light from the large windows. Premium finishes incl flat-panel cabinetry, Fisher Paykel & Whirlpool appliances, & quartz counters. Built by Heinrichs Developments, the condo reflects superior quality, Scandinavian design and contemporary features. In a peaceful setting just steps from Seven Oaks Mall, Superstore, restaurants, and recreation. The complex offers a large courtyard w/movie projection capabilities, multiple shared EV chargers, & bike room. 2 side by side parking stalls. OPEN HOUSE APRIL 14 SUN 2-4PM (id:48205)

1 Bedroom 2 Bathroom 1006
For sale
$539,900
408 1975 MCCALLUM ROAD, abbotsford, British Columbia

408 1975 Mccallum Road

Abbotsford, British Columbia

TOP FLOOR PENTHOUSE.....Vaulted ceilings. This 2 bedroom, 2 bath unit has a gourmet kitchen with granite counters and stainless steel appliances. Abundant natural light streams through the tall windows that open up to a generous sundeck. Secure complex offers a gym, storage locker and 2 parking stalls. Ideal location is within walking to distance to Abbotsford Entertainment Spots Center, the University of the Fraser Valley, Hospital and Shopping and Dining. Easy access to Highway 1. No Age Restrictions and 1 cat allowed. (id:48205)

2 Bedroom 2 Bathroom 879
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
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. For your convenience the storage locker room is 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. (id:48205)

2 Bedroom 2 Bathroom 1235
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
$530,000
102 33898 PINE STREET, abbotsford, British Columbia

102 33898 Pine Street

Abbotsford, British Columbia

The Galantree, centrally located unit in quiet area of Central Abbotsford. Walk to restaurants, banking and shopping. This unit features 9' ceilings, granite counters and wood cabinets. The large windows give the unit tons of natural light. The ground floor is private and looks out onto a park setting. 1 pet with no size restriction, children and rentals welcome. 2 side by side parking stalls and a storage locker. (id:48205)

2 Bedroom 2 Bathroom 987
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
$529,900
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
$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
$529,500
304 3080 GLADWIN ROAD, abbotsford, British Columbia

304 3080 Gladwin Road

Abbotsford, British Columbia

Here's your chance to enjoy an easy urban lifestyle at Hudson's Loft. Located in Central Park on Gladwin Rd, this modern 2 bedroom 2 bath loft is move in ready. The main living space is flooded with natural light from the 2 storey high windows, is finished with laminate floors on the main and upper loft area which has a primary bedroom with a 4 piece bath, a bonus area that could be a home office and a second entrance from the complex upper hallway. Walk out the front of the building to meet friends at the Trading Post or Sushi Nara for lunch or Cora's for breakfast, or treat yourself to a tasty dessert at After Thoughts. Everything is just a stone's throw away. (id:48205)

2 Bedroom 2 Bathroom 815
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
$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 Open House
$524,900
213 32044 OLD YALE ROAD, abbotsford, British Columbia

213 32044 Old Yale Road

Abbotsford, British Columbia

A true GEM at Green Gables! Check out unit 213 - A spacious, open-concept corner unit that features a massive 1,326 square feet of living space, with 2 bedrooms and plus a den! The home features a large kitchen, an oversized master bedroom with a walk-in closet, a gas fireplace, 2 full bathrooms, den/office, walk-in laundry room and lots of windows. Enjoy the two separate balconies, including one off the master bedroom. Green Gables offers a guest suite, workshop, party room, and plenty of visitor parking. Well run strata allowing one cat and welcomes any age of ownership or tenancy. Peace of mind living with extensive exterior upgrades including windows, siding and balconies! Conveniently located near shopping, medical facilities, parks, restaurants, and Highway 1. (id:48205)

2 Bedroom 2 Bathroom 1326
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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