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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
$2,850,000
34565 DELAIR ROAD, abbotsford, British Columbia

34565 Delair Road

Abbotsford, British Columbia

Designated Secondary Commercial in the Abbotsford Official Community Plan (OCP),this beautiful home with sleek finishings offers immense potential for investors and visionary buyers. The architectural design of this home was specifically intended to serve as a contemporary residence for a family, while also possessing the adaptability for seamless transformation into a commercial space with minimal upgrades required in the future. Updated with perimeter fencing, a front gate, an updated security system and loads more to demonstrate potential. Possibility for daycare, office & more. Ample open parking (room for the RV), tons of room for kids to play, heated triple car garage! Rare opportunity to own a non-strata property that offers solid commercial potential. (id:48205)

4 Bedroom 4 Bathroom 4146
For sale
$2,799,500
451 ARNOLD ROAD, abbotsford, British Columbia

451 Arnold Road

Abbotsford, British Columbia

ARNOLD ACREAGE - Beautiful level acreage in the quiet community of Arnold on the eastern edge of Abbotsford. Long driveway leads to this completely renovated one level home. Dream kitchen with large island, farm sink and plenty of white cabinets. 5 bedrooms, and the primary bedroom is huge with an amazing ensuite. Country sized mudroom off the oversized double garage has plenty of space for boots and jackets. Outdoor patio space overlooks the acreage with sunset views. 2 storey barn/workshop is 49' x 29' with high doors to accommodate an RV or truck. This place is all ready for you and the family. (id:48205)

7 Bedroom 4 Bathroom 3087
For sale
$2,798,888
2699 VALEMONT CRESCENT, abbotsford, British Columbia

2699 Valemont Crescent

Abbotsford, British Columbia

BRAND NEW UNDER-CONSTRUCTION HOME. Welcome to your dream home perfect for a growing family in West Abbotsford. This elegant three-story residence features an open-concept layout, a well-appointed kitchen, and a spice kitchen, along with a dedicated theatre room. Offering a legal 2-bedroom mortgage helper with shared laundry in the basement, this property is minutes from Matsqui Recreation Centre, all levels of schools and several shopping centers. (id:48205)

9 Bedroom 9 Bathroom 5017
For sale
$2,788,000
4272 GLADWIN ROAD, abbotsford, British Columbia

4272 Gladwin Road

Abbotsford, British Columbia

Location Location Location!!!! TOTALLY RENOVATED. Centrally Located 6.22 Acre Blueberry Farm with a 2200+ Sq. Ft. Rancher House & 2600+ Sq. Ft. Shop. Here's your chance to own an amazing acreage just minutes away from the city. This parcel comes with a open concept large living room and family room, 4 Bedrooms, 2 full washrooms, and a 13' X 20' log house & the Shop is rented for $5000.00/month plus $1200.00 for truck parking. 2.5 Acres of Duke & Blue-crop Varieties planted. Build your custom dream house on this 847 Ft. Frontage property. Put this on your must see list. (id:48205)

4 Bedroom 2 Bathroom 2200
For sale
$2,775,000
28028 LAYMAN AVENUE, abbotsford, British Columbia

28028 Layman Avenue

Abbotsford, British Columbia

4.75 Acre corner property in Aberdeen located on the borderline of Langley and Abbotsford. Featuring nearly 3000 sq/ft home with in law suite! Bonus 500 sq/ft studio cottage home. Property includes a 1,000 square foot workshop with electrical, concrete floors and power. Large house has fantastic open layout with 3 bedrooms above including a large master bedroom and massive deck area overlooking property. 2 accesses from Layman Avenue & Lefeuvre Road over 1000 FT of total road frontage. 2.5 Acre planted calypso blueberries - continue leasing or farm yourself! City water, drilled well, no creek/easement/right of way. Easy access for commuters to HWY 1, Fraser Hwy & 16 Ave - Great for truckers! FARM STATUS - Has been applied for. (id:48205)

4 Bedroom 3 Bathroom 2970
For sale
$2,700,000
4915 SUMAS MOUNTAIN ROAD, abbotsford, British Columbia

4915 Sumas Mountain Road

Abbotsford, British Columbia

Prepare to be captivated by the beauty and serenity that surrounds this gorgeous 9.66 acre property on Sumas Mountain, that is divided by a small creek! Approximately 5.5 acres of beautifully cleared land with a fenced pasture area. Property features a mobile home, an old timer home, a 1500 sq. ft. shop 220V with heated upstairs office, wired for welder, hard wired for compressor and engine hoist. Various outbuildings. Each residence has its own well, septic & hydro. Located within easy access to all that Abbotsford has to offer including schools, shopping, dining, recreation as well as an easy commute to surrounding areas. Home, Shop + acreage is tenanted at $3000/mo. Book your private tour today! (id:48205)

2 Bedroom 1 Bathroom 928
For sale
$2,695,000
32597 VERDON WAY, abbotsford, British Columbia

32597 Verdon Way

Abbotsford, British Columbia

Beautiful executive home! 5 bdrm 6 bath 2 ST w/walk-out bsmt & pool on private park-like 1 acre lo. Grand entry w/curved staircase leads to 4 bdrms. Master suite feats impress ensuite w/steam shower, soaker tub, his & her sinks + dbl walk-in closets. Main floor feats hardwood floors, gorgeous lvgrm w/feature windows & f/p, sitting area. French doors opening to huge dining room. Fabulous gourmet kitchen with massive amounts of storage and roll out drawers and built in pantry cabinets. Famrm that overlooks a 1000sf sundeck & in-ground salt water pool & hot tub w/impress stamped concrete deck w/outdoor kitchen, private yard, & gardens w/in-ground sprinklers. Fully fin bsmt feats 2 bdrms, media room, & pool change rooms. (id:48205)

6 Bedroom 6 Bathroom 5206
For sale
$2,648,888
4067 VERDON WAY, abbotsford, British Columbia

4067 Verdon Way

Abbotsford, British Columbia

STUNNING custom built 2 Storey with Basement home in West Abbotsford featuring 7 Bedrooms + 9 Bathrooms and over 5400 + Sq Ft of living space! Modern architectural design and true attention to detail with this one of kind floor plan. Free flowing formal living room upon entry with gas FP, vaulted ceilings, and North facing mountain VIEWS. Chef inspired kitchen with massive island and fully equipped spice kitchen. Open concept living room with nano doors out to your fully covered sundeck. 4 Bedrooms upstairs all with ensuites and walk in closets. Basement features a self contained 1 Bedroom suite, 2nd living space easily converted over for a 2nd suite, and also a full sized theatre/media room with bathroom. AC, generator, triple garage, landscaped yard, hot tub, radiant heat, and much more! (id:48205)

7 Bedroom 9 Bathroom 5449
For sale
$2,600,000
38604 NO. 5 ROAD, abbotsford, British Columbia

38604 No. 5 Road

Abbotsford, British Columbia

Take a look at this incredible property! Private and quiet 12.45 acres with 2,645 sq/ft home and 20' x 30' shop. Sitting on one of the highest points in the valley, this home features 4 bedrooms, 3 bathrooms, municipal water, an updated kitchen, and a large living room with a gas fireplace and wide windows that showcase panoramic valley views. Separate entry basement ideal for suite or for in-laws, complete with a newly built full kitchen. In addition, there is a spacious 20' x 30' shop with power, water available, 12-foot walls, and 9-foot and 8-foot doors. The property has ample well water for irrigation and high-quality soil suitable for various crops. It also offers plenty of parking space and a central location near freeway access, Costco, and Abbotsford or Chilliwack shopping. (id:48205)

4 Bedroom 3 Bathroom 2654
For sale
$2,550,000
34570 CLAYBURN ROAD, abbotsford, British Columbia

34570 Clayburn Road

Abbotsford, British Columbia

Check out this location! 3 Bdrm, 3 Bath 2,184 sq ft home on over 23.6 acres of highly productive Matsqui farmland. 5 minutes to the City and just up the street from Lepp's farm market. The property is serviced by city water, natural gas, and electricity and boasts over 180 metres of road frontage. The land is level and would support a variety of crops including blueberries, dairy forage crops, nursery plants, and more! Bring your ideas. Can be purchased with adjoining parcel (34634 Clayburn) 24.6 acres. Call today, this one won't last! (id:48205)

3 Bedroom 3 Bathroom 2184
For sale
$2,549,900
4063 VERDON WAY, abbotsford, British Columbia

4063 Verdon Way

Abbotsford, British Columbia

Come check this custom / newly built home on a cul-de-sac which is centrally located on a .343 of an acre. The home has media room under the garage bunker, nicely landscaped, underground water sprinkler, built in Napoleon barbecue and speakers on the patio for your entertainment, Hot Tub of master/primary bedroom, built in vac, Central AC, back Generator, blue tooth built in speakers, Poxy in garage and patio. Close to most amenities yet private setting backing on to green belt area. A Must-see home as home is custom built by many extra by the builder. Open House Sunday April 7 from 2-4 pm. (id:48205)

10 Bedroom 9 Bathroom 6285
For sale Open House
$2,499,000
36409 ESTEVAN COURT, abbotsford, British Columbia

36409 Estevan Court

Abbotsford, British Columbia

Welcome to this extraordinary luxury home offering unparalleled elegance and breathtaking views. Prepare to be amazed, NO expense has been spared in creating this architectural mstrpce. Stunning rock wall, adorned with carefully crafted flower beds, creates a captivating exterior that sets the home apart. Indulge in relaxation with the oversized rock hot tub, providing a tranquil oasis. Kitchen is a chef's dream, equipped with top-of-the-line appliances, oversized balconies to enjoy panoramic views of the F.V. The ultra high-end windows and oversized sliding doors seamlessly merge indoor and outdoor living spaces, creating a harmonious connection with nature. With 5 bdrms, including a primary on the main flr, and 6 bath, this open-concept residence provides ample space for families. (id:48205)

5 Bedroom 6 Bathroom 4868
For sale
$2,455,000
2018 VINEWOOD STREET, abbotsford, British Columbia

2018 Vinewood Street

Abbotsford, British Columbia

"Home is not a place.it's a feeling." Welcome to this amazing home featuring 10 bedroom and 8 bathroom, living room, family room, huge kitchen with spice kitchen and pantry. Highlights 3 bedrooms with ensuite and walk in closet, Media room with custom sitting cushions. Basement has 2 mortgage helpers with own separate entrance, 2 bedroom legal suite with in-suite laundry & 2 bedroom unauthorized suite. Central location nearby school, bus, shopping, Hospital and easy highway access and much more. Updates: Media room bar, 2 refrigerators in main house, Dishwasher, Clth dryer/washer and list goes on. Words cannot describe the beauty of this property so come check it out in person. (id:48205)

10 Bedroom 8 Bathroom 5169
For sale
$2,400,000
3699 ELDRIDGE ROAD, abbotsford, British Columbia

3699 Eldridge Road

Abbotsford, British Columbia

Exquisite property offering amazing experiences and opportunities! Custom Built Home, Outstanding quality throughout. Main floor boast 25 ft high ceilings with massive beams. Windows surround the main floor to soak up the breath taking views and privacy. All rooms are large. Get ready to enjoy the peaceful space!~ Beautiful hardwood floors throughout. Daylight Basement is easily suited if needed. Upper Loft leads you to a detached 2 bedroom, 2 bathroom suite. Under the suite is a 33x28 shop with 12ft ceilings, ready for bathroom & kitchen. 10ft garage door. Bring you campers or work on your toys, lots of power here. Nothing spared in this beautiful oasis. All the privacy you'll ever want. Over 15 acres to wander through and make your own retreat. GEO heating. EV charger and SO MUCH more!~ (id:48205)

4 Bedroom 5 Bathroom 3473
For sale
$2,388,888
1880 EAGLE STREET, abbotsford, British Columbia

1880 Eagle Street

Abbotsford, British Columbia

Embrace luxury in this 9-bed, 10-bath 2020-built home. Contemporary charm blends with practicality, featuring a Spice Kitchen on the main floor. 5 primary bdrms boast lavish ensuites (2 w/ steam showers) & walk-in closets. Upstairs, rooms dazzle w/ exquisite feature walls. Enjoy modern amenities like laundry upstairs, 2 fireplaces, A/C, built-in vacuum & individually controlled radiant floor heating. Additional perks include rope drop lights, a 220-volt Electric Car Charger & a balcony w/ speakers & gas hookup for BBQs. The basement floor offers a wet bar, exercise room w/ ensuite (convertible to a bedroom) & theater room-all equipped w/ speakers for your entertainment. With 2 suite & each w/ own laundry, this home stands as an attractive investment opportunity. (id:48205)

9 Bedroom 10 Bathroom 5628
For sale Open House
$2,354,999
36460 EPWORTH COURT, abbotsford, British Columbia

36460 Epworth Court

Abbotsford, British Columbia

CARRINGTON ESTATES! This rare rancher style descends down the natural landscape of the mnt to maximize on the BREATHTAKING valley & mountain views on every level. Walk in and let the open kitchen and living areas simply take your breath away. The first primary bdrm on the main has two walk in closets & a luxury ensuite. Below offers 3 more bdrms including a SECOND PRIMARY, large deck, rec room & separate entry with rough ins for another suite. Down one more level you will find a games room, wet bar & finished one bdrm suite with separate laundry as well as a fenced yard, all season grass & a newer hot tub. BONUS: Triple car garage with upgrades and details like no other, low maintenance landscaping with irrigation & AC. This would be a great multi family home or income generating property. (id:48205)

5 Bedroom 6 Bathroom 4878
For sale
$2,350,000
30213 DOWNES ROAD, abbotsford, British Columbia

30213 Downes Road

Abbotsford, British Columbia

Discover a vibrant retreat on a sprawling 2.26 acre hobby farm. This 4-bedroom, 2.5 Bath gem promises comfort and elegance. Stroll amidst the park like grounds filled with mature cedars and lush greenery. Spacious Detached shop with heat and power, perfect for your projects and passion. Covered RV parking spot tailored for your adventures. Located just minutes from Highstreet shopping centre, essential amenities, and highway, this estate offers both serenity and conveniences. Schedule your private viewing today! (id:48205)

4 Bedroom 3 Bathroom 2421
For sale
$2,350,000
3176 OLD CLAYBURN ROAD, abbotsford, British Columbia

3176 Old Clayburn Road

Abbotsford, British Columbia

Subdivision potential to build two new homes or keep the existing well maintained home; Great Investment Opportunity. This .97 Acre level lot is located in center of East Abbotsford with two road accesses (Old Clayburn & Somerset) Not in ALR. Lovely three-bedroom with 2 bedroom unauthorized suite. Open updated kitchen adjoins Great room, dining room & office/den with access to a 27 x 17 South facing sundeck with two gas outlets. Large 44x24 Workshop ideal for your home business or cars. Mature gardens with many fruit trees. Walking distance to schools, shopping, services with great highway access. So much Opportunity. Make your appointment today and bring your ideas! (id:48205)

5 Bedroom 3 Bathroom 2506
For sale
$2,299,000
2080 GENEVA COURT, abbotsford, British Columbia

2080 Geneva Court

Abbotsford, British Columbia

Experience the Luxury .One of Best location in west Abbotsford .This 9 bedroom + Den, 8 bathrooms home offers everything you dream of.. Luxury L shaped custom built home close to all amenities .Main offers beautiful open to below concept living area, designer kitchens 1 Bedroom and Den with 1 full bathroom and 1 half bath , specious outdoor patio and much more . Upstairs there are 4 very specious bedrooms including 2 Master bedrooms with ensuite facilities and walk in closets. Downstairs offers Theatre room & Bar with LED lights ,Full steam/ sauna bathroom and 2+2 Mortgage helper with their own separate entrance and laundry , BUILT-IN-SOUND , Security system, extended down ceiling and Napoleon grill are few of the exciting features . .Open House Sun 1pm to 3 pm. (id:48205)

9 Bedroom 8 Bathroom 6120
For sale
$2,299,000
5108 CEDARWOOD COURT, abbotsford, British Columbia

5108 Cedarwood Court

Abbotsford, British Columbia

Retreat from urban life to this secluded 6-bed, 4-bath oasis on Sumas Mountain with stunning valley views. The kitchen boasts a 10-ft island and a spacious pantry. The south-facing deck has everything for year-round relaxation with wind-blocking screens and heaters. The bright 2-bed basement suite opens to its own patio. Built with solid 2x6 construction, this home features laundry hookups on every floor and a wood-burning fireplace. The landscaped grounds with irrigation, vegetable garden, pond, and fountain might just make you say "I do - need this home in my life" Ample parking available, with plans for an addition included. No open houses, please book a private showing. (id:48205)

6 Bedroom 4 Bathroom 4053
For sale
$2,298,800
35468 VERADO COURT, abbotsford, British Columbia

35468 Verado Court

Abbotsford, British Columbia

OPEN HOUSE MARCH 16TH AND MARCH 17TH SAT-SUN 2PM-4PM (id:48205)

6 Bedroom 5 Bathroom 4696
For sale
$2,290,000
29797 GLENGARRY AVENUE, abbotsford, British Columbia

29797 Glengarry Avenue

Abbotsford, British Columbia

Don't miss out on this great opportunity on one of Abbotsford's most sought after streets. 6.27 acres on a quiet cul-de-sac. Beautiful setting to build your new dream country estate. Currently features an older 5 bdrm/3 bath country home plus an indoor swimming pool - both in need of some TLC. There is also a great little livestock barn approx 32'x34'. This property is ideal for a small hobby farm with cows, horses, sheep, etc. A scenic ravine with a meandering creek winding through the middle of this property, creating a great playground/exploring area for the young and old with a nice pasture at the back. Only a short distance to High Street Mall / Trans Canada Hwy and great local private schools like MEI. (id:48205)

5 Bedroom 3 Bathroom 2844
For sale
$2,259,900
35420 JEWEL COURT, abbotsford, British Columbia

35420 Jewel Court

Abbotsford, British Columbia

Welcome to your incredible new home on a 10,495 sq. ft. lot on Eagle Mountain's Street of Dreams! The privacy & tranquility of this culdesac location is unmatched; listen to the waterfall run into the pond in your own south facing backyard while enjoying the expansive valley & Mt Baker views from your hot tub - your backyard is an entertainer's dream! With nearly 6,200 sq. ft. of space laid out over a great open floor plan with large room sizes, there is more than enough space to grow your family & thrive here. You have 4 beds & 2 baths up, a den & powder on the main, and 2 more beds & a bath down. Thoughtfully designed with a state of the art geothermal system, concrete tile roofing, TWO double car garages, a spacious theatre room & lots of large windows bringing in natural light. (id:48205)

6 Bedroom 5 Bathroom 6171
For sale
$2,249,000
3815 INTERPROVINCIAL HIGHWAY, abbotsford, British Columbia

3815 Interprovincial Highway

Abbotsford, British Columbia

10 acres of income producing Blueberry Farm with 5000 sqft storage shed built in 2019. Good rental income from storage shed for mortgage help. Great location to build your dream home with beautiful views of the valley and mountains. City water and 600 amps electricity connected. Easy access to Hwy 1, Sumas border crossing and only 10 mins drive to Abbotsford Shopping Centers , Banks, & Schools. (id:48205)

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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