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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
$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
$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. New Paint and carpets coming soon in hallways. Bus stop is located right by entrance area of complex (id:48205)

2 Bedroom 2 Bathroom 831
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 MAY 4/5 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 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
$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
213 3063 IMMEL STREET, abbotsford, British Columbia

213 3063 Immel Street

Abbotsford, British Columbia

East Abbotsford Condo - Clayburn Ridge offers a 2 bed, 2 bath second floor unit with over 900 sq/ft of living space and a private patio to enjoy quiet afternoons & BBQ. Within walking distance to schools, parks, trails, health care services, shopping & restaurants right next door. Whether you are downsizing or entering the market for the first time, this is a great place to call home...Investors welcome too, rentals allowed with no restrictions. Priced below market value, bring your decorating ideas and earn instant equity. Call to view before this one is gone!! (id:48205)

2 Bedroom 2 Bathroom 904
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
For sale
$425,000
212 33400 BOURQUIN PLACE, abbotsford, British Columbia

212 33400 Bourquin Place

Abbotsford, British Columbia

Investors, take notice of this outstanding opportunity! Presenting a beautifully updated 2-bedroom, 1-bathroom corner unit. Recent renovations have breathed new life into this property, featuring new laminate flooring, fresh paint, modern light fixtures, sleek countertops & backsplash, a new deck, updated windows, railing, and siding. With added perks like underground parking and a storage locker, this unit offers both convenience and value. Located in a serene setting, close to shopping, parks, restaurants, and public transit, it promises an exceptional lifestyle for residents. Plus, rentals and pets are allowed, making it an attractive prospect for a wide range of opportunities. Don't miss out - Call now to book your private tour! (id:48205)

2 Bedroom 1 Bathroom 949
For sale Open House
$424,900
401 30515 CARDINAL AVENUE, abbotsford, British Columbia

401 30515 Cardinal Avenue

Abbotsford, British Columbia

BONUS 2 PARKING STALLS! This top floor home has it all! With the building fully restored, this spacious 1 bedroom home offers elegant finishings including quartz countertops and backsplash, stainless appliance package, stacking washer and dryer in a separate laundry room (offering extra storage space in your home) and a terrific patio overlooking the skyline of the Fraser Valley. The bedroom is spacious, as is the walk-in closet. Bright and clean! This home offers it all. Pets are welcome! Up to 2 cats or 1 small dog (with restrictions), and the property is fully rentable making this home a terrific option for all. Located just a few minutes away from Highstreet Shopping Centre, restaurants, entertainment and with easy access to Highway 1, this location cannot be beat! (id:48205)

1 Bedroom 1 Bathroom 644
For sale Open House
$424,900
222 2493 MONTROSE AVENUE, abbotsford, British Columbia

222 2493 Montrose Avenue

Abbotsford, British Columbia

Welcome to Upper Montrose. This immaculate bright 1 BEDROOM and DEN shows like brand-new. Featuring 9 ft ceilings with open floor plan, in-suite laundry, outdoor balcony, AIR CONDITIONING, DESIGNER brick feature wall, barn doors, gas BBQ hook up, GOURMET gas range and S/S appliances. Including underground PARKING STALL, BIKE LOCKER, STORAGE LOCKER. Building offers a private family outdoor courtyard and study room. Located in historic trendy downtown Abbotsford your steps away to parks, fitness facilities, yoga, transit, farm markets, vibrant shops, cafes, breweries and restaurants, minutes from Hwy, hospital and UFV. Building is PET FRIENDLY with NO AGE RESTRICTIONS and RENTALS ARE ALLOWED. Great opportunity for first time buyers and an excellent investment! Wont Last! (id:48205)

1 Bedroom 1 Bathroom 581
For sale
$424,900
4 32725 GEORGE FERGUSON WAY, abbotsford, British Columbia

4 32725 George Ferguson Way

Abbotsford, British Columbia

Welcome to Uptown! This 2 Bedroom and 2 Bathroom GROUND FLOOR CORNER UNIT on the quiet side of the building features laminate flooring (carpet in the primary bedroom), full sized kitchen with S/S appliances, plenty of cabinets, a connected island, in suite laundry and storage room, and sliding door with access to your covered and secluded patio. Bedrooms are both a good size and on opposite sides of the suite. One parking spot underground. 2 Pets are allowed with restrictions . Centrally located within walking distance to shopping, schools, and parks. Strata Fee includes heat + hot water. (id:48205)

2 Bedroom 2 Bathroom 936
For sale Open House
$424,000
421 2493 MONTROSE AVENUE, abbotsford, British Columbia

421 2493 Montrose Avenue

Abbotsford, British Columbia

Say hello to your new place, located in historic DT Abbotsford. Steps away from schools, grocery stores, bars, you name it. This beautiful one bed plus den has a fresh coat of paint and a professionally cleaned carpet. Ready for you to move in. Full size appliances. Close to UFV, Mill Lake and the hospital. Great investment as around the area more units a being built. Vacant and move in ready or rent it out and get that cash flow! (id:48205)

1 Bedroom 1 Bathroom 549
For sale Open House
$423,000
216 2962 TRETHEWEY STREET, abbotsford, British Columbia

216 2962 Trethewey Street

Abbotsford, British Columbia

CASCADE GREEN an amazing complex great for DOWN SIZERS and FIRST TIME HOME BUYERS. This spacious over 900 sqft, 2 Bed and 2 Bath unit is everything you have been searching for. ENTERTAIN in style and relax in comfort with a bright and open concept layout with SPACIOUS living room leading you to your private covered balcony which overlooks green space. CENTRALLY LOCATED walking distance to transit and amenities. MINUTES away from Schools, Seven Oaks and Matsqui Rec Center. Dont miss out. Book your private showing now! (id:48205)

2 Bedroom 2 Bathroom 932
For sale
$419,900
303 2450 CHURCH STREET, abbotsford, British Columbia

303 2450 Church Street

Abbotsford, British Columbia

Discover serenity in the heart of the West Abbotsford with this inviting 55+ age restricted TOP floor North facing condo. Featuring 2 Bedrooms + 2 Bathrooms and nearly 1,100 Sq Ft of thoughtfully updated space this home offers a peaceful retreat in a central location. Inside modern updates throughout and abundant natural light create an inviting atmosphere perfect for both relaxation and comfortable living. Spacious kitchen, seperate dining space, open living room, large bedrooms with the primary boasting an ensuite bathroom with walk in shower, , in-suite laundry, and a serene balcony overlooking lush greenery with mountain views. Extremely well maintained complex and well run strata. 1 parking spot underground. Schedule your showing today and experience the lifestyle you want to live! (id:48205)

2 Bedroom 2 Bathroom 1095
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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