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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
$470,000
1 1419 MCCALLUM ROAD, abbotsford, British Columbia

1 1419 Mccallum Road

Abbotsford, British Columbia

Welcome to Unity, located in the heart of the UDistrict in Abbotsford. Offered here is a 2 bed & 2 bath ground level corner unit that features a modern & open concept interior boasting 9-foot ceilings. The kitchen features stainless appliances, quartz countertops with white cabinets, lighter flooring and a front loading clothes washer and dryer. Located just a few minutes walk from the University(UFV), Abbotsford Entertainment Centre, cafes, and restaurants and quick access to HWY# 1. This location is perfect for first-time buyers, investors and/or students. Rentals and Pets are allowed here. This unit also comes with 2 parking stalls. Call today to book your showing. (id:48205)

2 Bedroom 2 Bathroom 698 sqft
For sale
$469,999
207 32870 GEORGE FERGUSON WAY, abbotsford, British Columbia

207 32870 George Ferguson Way

Abbotsford, British Columbia

Attention 1st time home buyers and investors! Welcome to your new home at Abbotsford Place. This is a central location close to transit, all levels of school, Superstore, London Drugs, Seven Oaks Shopping Centre, restaurants, coffee shops, recreation, parks, trails and so much more! Direct access to highways allows an easy commute to surrounding destinations including, Surrey, Langley and Downtown Vancouver. This property feature a bright and open layout, many windows to brighten your living space, a separate laundry room, and large balconies that are great for BBQ season. Book now for your private showing. (id:48205)

3 Bedroom 2 Bathroom 1153 sqft
For sale
$469,900
214 33539 HOLLAND AVENUE, abbotsford, British Columbia

214 33539 Holland Avenue

Abbotsford, British Columbia

FANTASTIC OPPORTUNITY at THE CROSSING - Two bedroom, two bathroom apartment in a central location offered at a GREAT PRICE equals a GREAT DEAL! With some work, you can transform it into your ideal living space (think paint and bedroom flooring). Depending on your budget and preferences, there are various ways you can approach renovating or updating the apartment. Plus, being centrally located means you'll have easy access to amenities, transportation, and entertainment options. It's all about seeing the potential and making it your own! Priced well under the last sale of the same floor plan. (id:48205)

2 Bedroom 2 Bathroom 905 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
$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
$459,900
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. (id:48205)

2 Bedroom 2 Bathroom 1051 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
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. (id:48205)

2 Bedroom 2 Bathroom 1053 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
For sale
$458,900
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 sqft
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
$449,900
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 (16" height) 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! Vacant end of July! (id:48205)

2 Bedroom 2 Bathroom 949 sqft
For sale
$449,900
504 31955 OLD YALE ROAD, abbotsford, British Columbia

504 31955 Old Yale Road

Abbotsford, British Columbia

Renovation! Renovation! Renovation! Welcome to Evergreen Village, one of the best run 55+ buildings in Abbotsford. Features include; swimming pool, hot tub, library, workshop, pool tables, ping pong tables, roof top deck, outdoor garden, large amenities room, guest suites, RV parking and more! This 2 bedroom 1 bathroom condo has been completely renovated; new kitchen with quarts counter tops and stainless steel appliances, new flooring throughout, all new fixtures, paint and more! Centrally located and close to transit, shops, restaurants, medical offices, churches and parks. In-suite laundry and a covered deck with a west facing view of the city. This condo has it all. Vacant for a quick completion. No pets. (id:48205)

2 Bedroom 1 Bathroom 1032 sqft
For sale
$449,900
601 1750 MCKENZIE ROAD, abbotsford, British Columbia

601 1750 Mckenzie Road

Abbotsford, British Columbia

GROUND FLOOR CORNER SUITE in the back ZEN CORNER of the complex- a peaceful quiet location w/ no neighbors looking in! This BRIGHT 2 bdrm and 1 bathroom home features modern flooring, paint, crown mouldings, & a stunning backdrop of NATURE AT YOUR DOORSTEP from every window. Relax in the large living space, step outside to the covered patio, or enjoy your meal in the spacious dining area w/ corner windows. Upgraded washer/dryer, flooring (no carpets!), insuite storage, & a beautiful primary suite w/ his/her closets that leads to the ensuite. The perfect place for ANYONE in all walks of life- this complex is close to all major amenities and welcomes all ages and pets. Parking stall #28 is included and ample visitor parking available. Immediate possession possible! (id:48205)

2 Bedroom 1 Bathroom 960 sqft
For sale
$449,900
4 2901 TRAFALGAR STREET, abbotsford, British Columbia

4 2901 Trafalgar Street

Abbotsford, British Columbia

Discover this beautifully updated 2-bedroom, 2-bathroom upper unit in the desirable Trafalgar Park, a 55+ complex where pets are welcome. This home features a great floor plan with spacious rooms and abundant natural light from numerous windows. Enjoy the convenience of a good-sized laundry room and an extra storage area off the balcony. Recent updates include laminate floors, enhancing the unit's modern appeal. The strata fee covers electricity, heat, and hot water, ensuring hassle-free monthly maintenance. The well-managed strata offers fantastic amenities for residents. Situated close to parks, shopping, and restaurants, this location provides the perfect blend of comfort and convenience. Don't miss this wonderful opportunity to make Trafalgar Park your new home! (id:48205)

2 Bedroom 2 Bathroom 1185 sqft
For sale
$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 sqft
For sale
$449,888
1002 1750 MCKENZIE ROAD, abbotsford, British Columbia

1002 1750 Mckenzie Road

Abbotsford, British Columbia

Your HAVEN in the HEART of ABBOTSFORD! This delightful ground-level home is perfect for anyone! Featuring 2 large bedrooms, a spacious bathroom, and plenty of living space, this home is sure to impress. Wow your guests with a functional kitchen and HUGE pantry. Easy access to grass and outdoor space makes this unit perfect for those with young kids or pets! This home is perfect for those looking to upgrade from a condo, downsizers looking for a home with NO STAIRS, and even investors. Surrounded by trees, Alderglen complex is quiet, safe, family and pet friendly. An effective strata and friendly neighbours make this a GREAT place to call home. 2 parking spots included! BONUS: This unit is one of the only in the complex with a STORAGE UNIT! (id:48205)

2 Bedroom 1 Bathroom 952 sqft
For sale
$449,800
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 Carpet in bedroom will be replaced choose from samples! (id:48205)

1 Bedroom 1 Bathroom 866 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