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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
$479,000
606 3170 GLADWIN ROAD, abbotsford, British Columbia

606 3170 Gladwin Road

Abbotsford, British Columbia

Welcome to Regency Park, a 2 bedroom 2 bath concrete condo in an adult oriented gated community. This unit features a spacious main bedroom with a 4pc ensuite and a second bedroom with a 3pc bath. Bright eat in kitchen has newer appliances. Enjoy family dinners in the large dining area. Wall to wall windows in the living room offers a view of Mount Baker and sunsets to the west. Amazing amenities giving it a resort lifestyle, includes an indoor pool, a sauna, whirlpool, exercise area, workshop and 3 guest suites. RV parking on site. (id:48205)

2 Bedroom 2 Bathroom 1180 sqft
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
$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 sqft
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!! OPEN HOUSE TODAY FROM 1PM TO 3PM (id:48205)

3 Bedroom 2 Bathroom 1185 sqft
For sale
$475,900
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 951 sqft
For sale Open House
$475,000
812 34909 OLD YALE ROAD, abbotsford, British Columbia

812 34909 Old Yale Road

Abbotsford, British Columbia

Welcome home to this beautifully renovated 2 bed 2 bath ground floor unit with a private fenced yard! Huge living room with wood burning fireplace & patio doors to your yard. Primary bedroom has a 2 piece ensuite and patio access. Large 2nd bedroom and a small den for extra storage or office/play space. Additionally this unit comes with a storage room right out your front door, and 2 year old furnace! Great EAST Abbotsford location within walking distance to Abbotsford Recreational Center, Yale Secondary & parks! And added bonus, spend your summer in the large outdoor pool! (id:48205)

2 Bedroom 2 Bathroom 1001 sqft
For sale
$475,000
206 33718 KING ROAD, abbotsford, British Columbia

206 33718 King Road

Abbotsford, British Columbia

Looking for an investment property? Welcome to College Park. This renovated 2 bedroom 2 bathroom unit is spacious and bright with lots of natural light. Renovations in recent years include the kitchen, bathrooms, flooring throughout, and new windows. Located on the quiet side of the complex. Pets and rentals ALLOWED! Minutes from UFV, shopping and Highway 1. Don't miss out on this opportunity. Book a showing today! (id:48205)

2 Bedroom 2 Bathroom 915 sqft
For sale
$474,900
328 33175 OLD YALE ROAD, abbotsford, British Columbia

328 33175 Old Yale Road

Abbotsford, British Columbia

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

3 Bedroom 2 Bathroom 1171 sqft
For sale
$474,900
13 2475 EMERSON STREET, abbotsford, British Columbia

13 2475 Emerson Street

Abbotsford, British Columbia

Emerson Park Estates lower unit. Lovely 2 bedroom/2 bath unit - very homey and comfortable. Nice layout with options to have an office in the second bedroom or use the eating area. Bright and sunny with lots of south sun - and when it gets really warm, there are awnings on all the southern windows to keep the heat out! There are gardens around the patio if you choose to be a green thumb! Single garage is deep, allowing for a small work area for hobbies. Attic and crawl space for extra storage. Lots of visitor parking for family visits! Well run park- steps to mall and lake and all sorts of shopping and restaurants. Low strata fees! 55+ no pets (id:48205)

2 Bedroom 2 Bathroom 1240 sqft
For sale
$469,900
407 32075 GEORGE FERGUSON WAY, abbotsford, British Columbia

407 32075 George Ferguson Way

Abbotsford, British Columbia

Popular Arbour Court! Top floor quiet location with views over courtyard, sunsets and some Northern mountains. 1135 sq ft unit with a huge master bedroom that would accommodate a playroom, crib, exercise equipment or office area. Ensuite with double sinks and tub/shower combination. Main bathroom with walk in shower. Rooms have fantastic large windows allowing for plenty of natural light. Cozy gas fireplace in living room. Location and size looks good, this may be the one to invest in. Bus stop outside the front door, walking distance to MRC Rec Center and immediately behind Columbia Bible College. Rentals allowed. Currently rented for $1625.00 per month. (id:48205)

2 Bedroom 2 Bathroom 1123 sqft
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
$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 sqft
For sale
$465,000
403 32729 GARIBALDI DRIVE, abbotsford, British Columbia

403 32729 Garibaldi Drive

Abbotsford, British Columbia

WOW! Almost 1,000 SQ FT - TOP FLOOR - 1 BED + DEN + 2 BATHS at the coveted GARIBALDI LANE. Super quiet inside corner unit overlooking the courtyard. Open floor plan with a super functional kitchen with granite counters and S/S appliances. Crown moulding through out. Plenty of natural light with an abundance of windows and a great-sized balcony. Generously sized primary bedroom with a walk-in closet. No storage issues here with an oversized utility room PLUS a storage Locker. Ensuite has a soaker tub, separate stand up shower and double vanity. Also a convenient powder room perfect for guests. In-suite laundry and a beautiful stonework fireplace. A perfect location on the border of West and Central Abbotsford, walking distance to Trading Post, Restaurants, transit and all amenities. (id:48205)

1 Bedroom 2 Bathroom 963 sqft
For sale
$465,000
219 31955 OLD YALE ROAD, abbotsford, British Columbia

219 31955 Old Yale Road

Abbotsford, British Columbia

WELCOME HOME! Renovated 2 beds & 2 bath unit at the sought after Evergreen Village! Updates include: Open Concept deluxe Chef's Kitchen custom high-end cabinets, laminate flooring, designer paint, BRAND NEW stainless steel appliances, Air-conditioning, beautiful backsplash, quartz countertops, spa inspired bathroom, en-suite laundry and an office/storage room! Well maintained building with amazing amenities! This complex is clean, well maintained and you do feel like part of a community! Amenities; indoor POOL, HOT TUB, WOOD WORKSHOP, LIBRARY, HOBBY room, recreation room, RV Parking, GARDENING, Underground secured parking, the list is LONG! Bus stop out front. Close to all shopping & necessities. 55+ Complex. Open House: Saturday - June 15th - 2pm to 4pm. (id:48205)

2 Bedroom 2 Bathroom 1051 sqft
For sale Open House
$464,999
201 31771 PEARDONVILLE ROAD, abbotsford, British Columbia

201 31771 Peardonville Road

Abbotsford, British Columbia

Moving in ready, this reasonably priced 2-bedroom, 2 bathroom home has south-facing windows that let in plenty of natural light. Take a look at this well-maintained condo on the second floor in the sought-after Breckenridge Estates. Equipped with a washer & dryer in the suite's laundry room and a spacious patio for outdoor BBQ. New laminate flooring, counter tops and cabinets in the kitchen, new tiles in both bathrooms, and new sinks, toilet seats, and plumbing fixtures. Additionally, the unit has new paint and lighting fixtures, Ideal for a young couple, elders, or small family. Easy access to HWY 1, Abbotsford Airport & Mill Lake Park. Walking distance to grocery store, Gurudwara, Church, transit and schools. (id:48205)

2 Bedroom 2 Bathroom 815 sqft
For sale
$464,800
121 3192 GLADWIN ROAD, abbotsford, British Columbia

121 3192 Gladwin Road

Abbotsford, British Columbia

The Brooklyn! 866 sq.ft clean and bright ground floor unit with large patio overlooking garden area on quiet side of building. 9 ft ceilings and open layout with large windows make this charming home a place to be proud to show off! Large den (12'9"x11'5") with barn door could be used as 2nd bedroom. Bring kids, small dog or cat! Close to walking trails, shops, restaurants and pharmacy 7oaks and West Oak Malls. Gated complex (id:48205)

1 Bedroom 1 Bathroom 866 sqft
For sale
$459,900
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 June 8th, 2:15-4:15pm (id:48205)

2 Bedroom 2 Bathroom 1053 sqft
For sale
$459,900
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 sqft
For sale
$459,900
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 sqft
For sale
$459,900
433 32830 GEORGE FERGUSON WAY, abbotsford, British Columbia

433 32830 George Ferguson Way

Abbotsford, British Columbia

Bright and spacious two-bedroom, two-bathroom condo right in the heart of Abbotsford. This unit features a gas fireplace, in-suite laundry, and stainless steel appliances. Conveniently located close to Seven Oaks Mall and within walking distance to all amenities. The strata fee includes gas and hot water. This south-facing unit offers plenty of natural sunlight and is situated on the quiet side of the building. It's a must-see! Book your viewing before it's gone. (id:48205)

2 Bedroom 2 Bathroom 919 sqft
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 sqft
For sale
$459,900
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 sqft
For sale
$458,900
33 3110 TRAFALGAR STREET, abbotsford, British Columbia

33 3110 Trafalgar Street

Abbotsford, British Columbia

Your new home search stops here! Welcome to Northview Properties! This stunning, sunlit unit is adorned with numerous windows that bathe the space in natural light. Located on the lower level in a serene part of the complex, it is ideal for those aged 55+. The unit includes 2 generous bedrooms and 2 full bathrooms. The beautiful, spacious kitchen with an eating area is perfect for preparing holiday feasts. The expansive dining room and adjoining living room, featuring a corner gas fireplace, sliding doors provide access to a very private patio. Conveniently situated within walking distance of Seven Oaks Shopping and Mill Lake, and close to the clubhouse, the complex is wheelchair accessible, well-managed, and meticulously maintained. Don't wait; book your private viewing today! (id:48205)

2 Bedroom 2 Bathroom 1328 sqft
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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