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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
$2,799,999
2011 VINEWOOD STREET, abbotsford, British Columbia

2011 Vinewood Street

Abbotsford, British Columbia

Welcome to 2011 Vinewood St, a striking luxury modern home situated in Central Abbotsford, less than 3 minutes to access Hwy 1, 5 minutes to University of Fraser valley comes with elegant interior design with grand entrance, high ceiling exquisite chandelier lights. This impressive residence boasts 10 bedrooms and 9 bathrooms, the primary bedroom offers a luxurious 5-piece en-suite. The main level is perfect for both entertaining and daily living, with living room, family room, well equipped kitchen with premium appliances and a spice kitchen. The basement, configured as a great layout, serves as excellent mortgage helpers, with its modern design, premium features, and prime location, this home provides the perfect building style, functionally, and versatility. (id:48205)

10 Bedroom 9 Bathroom 6495 sqft
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
$2,799,000
33456 CLAYBURN ROAD, abbotsford, British Columbia

33456 Clayburn Road

Abbotsford, British Columbia

3.75 ACRES ABOVE FLOODPLAIN, ON NO-THROUGH STREET. This 3 level home has been completely renovated and shows 10/10. The 3 level split offers a functional floor plan for families and entertaining alike. Walk out of the kitchen onto 17' X 25' heated, covered deck - complete with outdoor kitchen. Detached shop(s) will house all your toys, tools and farm equipment. The back yard is a selectively cleared, recreational paradise. You must walk the trail network to truly appreciate the work that has been done sculpting this natural retreat. The front/side yard have plenty of space for gardening, RV's, greenhouse or whatever else you can imagine. The updates to this executive acreage are too many to list, and there is nothing left to do. You could host a party the day you move in. (id:48205)

4 Bedroom 2 Bathroom 2092 sqft
For sale
$2,798,888
2699 VALEMONT CRESCENT, abbotsford, British Columbia

2699 Valemont Crescent

Abbotsford, British Columbia

BRAND NEW 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 6209 sqft
For sale
$2,790,000
8561 BRADNER ROAD, abbotsford, British Columbia

8561 Bradner Road

Abbotsford, British Columbia

Gorgeous updated Shaughnessy style heritage home on private gently rolling 8+ acres just minutes from historic Fort Langley. Leave the hectic world behind as you enter the curved driveway surrounded by nature and enter your own private paradise. This property's topography is reminiscent of a charming English garden featuring an abundance of flowers, shrubs and fruit trees set amongst flagstone and river rock. The backyard is an entertainer's dream with multiple patios and decks, and spectacular mountain view. A shimmering custom 20x40 salt water pool with an in ground solar blanket is complimented by a covered sit-up bar with built in fridge and BBQ. Numerous outbuildings including a 740 sq. ft. studio plus basement. (id:48205)

4 Bedroom 4 Bathroom 2920 sqft
For sale
$2,688,888
4446 EMILY CARR PLACE, abbotsford, British Columbia

4446 Emily Carr Place

Abbotsford, British Columbia

Welcome to this modern masterpiece tucked away on a cul de sac & 12272 sqft lot in Auguston. Enjoy over 7300 sqft of warm contemporary design with light oak floors, cedar details and espresso accents. This 7 bed/6 bath home features a vaulted great room with floor to ceiling fireplace & windows which lead to a bright open concept chef's kitchen & generous sized spice kitchen. Retire from the living into your spacious primary bedroom & spa inspired bathroom on the main. Upstairs leads to 4 bright bedrooms & 4 bathrooms w/ an expansive landing looking over the living room. Upstairs balcony w/french doors overlooks the private backyard. Open basement has unlimited possibilities with games room, gym, & possible 1 bedroom nanny or inlaw suite. Auguston Traditional School catchment! (id:48205)

7 Bedroom 6 Bathroom 7335 sqft
For sale
$2,639,900
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
$2,599,000
4272 GLADWIN ROAD, abbotsford, British Columbia

4272 Gladwin Road

Abbotsford, British Columbia

6.22 acre property with recently renovated 2,200 sq.ft. rancher, 13' x 20' log cabin, and 2,600 sq.ft. shop. Approximately 2 acres planed with Duke. Tons of potential revenue from the shop, parking area, and leasing of farm space. Sought after central location minutes from town. 847 foot frontage with two driveways! Offers as they come. First showings Tuesday June 25th 12noon - 2pm (id:48205)

4 Bedroom 2 Bathroom 2200 sqft
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
$2,499,900
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 sqft
For sale
$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 sqft
For sale
$2,488,000
4985 WILLET ROAD, abbotsford, British Columbia

4985 Willet Road

Abbotsford, British Columbia

Discover your rural haven! Presenting a spacious 4143+ sq ft home on a sprawling five-acre lot, not in ALR! Upstairs features warm hardwood floors, a huge bright and sunny family room, 3 bedrooms & 2 full baths. Below, the legal suite, with its own private entrance, offers a 2-bedroom + den layout perfect for an extra bedroom or home office, serving as a valuable mortgage helper or in-law accommodation. Boasting an elevator, wheelchair accessibility, central AC, and a dedicated power source for both the barn and home! Expansive balconies/patios on both levels offer ample space for entertaining guests and enjoying family BBQs! Additionally, a double attached garage, barn/shed/shop, and backyard space provide tons of opportunity. Perfect for those seeking tranquility amidst nature. (id:48205)

5 Bedroom 3 Bathroom 4143 sqft
For sale
$2,485,000
2194 MCKENZIE ROAD, abbotsford, British Columbia

2194 Mckenzie Road

Abbotsford, British Columbia

Your opportunity to purchase 0.71 acres of land at PLA to build a 17 townhouse complex on 2194 and 2206 McKenzie Rd. Both properties to be sold together. Great location in downtown Abbotsford. Close to both schools, shopping, and amenities. Measurements provided by seller, buyer or buyer agent to verify if deemed important. Realtors to send TB w/ all inquiries. See MLS# R2886690 (id:48205)

3 Bedroom 2 Bathroom 2450 sqft
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 sqft
For sale
$2,399,000
4105 VERDON WAY, abbotsford, British Columbia

4105 Verdon Way

Abbotsford, British Columbia

Custom built rancher w/bsmt situated in extraordinary location at the end of a quiet cul-de-sac w/ an unobstructed view of N Shore Mtns & Matsqui Prairie. 2x6 construction family home w/ classic beauty awaits a possible pool in the backyard! The grand entry leads to open concept, fam room, kitchen, formal dining and classic living room, all overlooking the view! The large deck overlooking incredible rolling fields & mature landscaping is paradise. A country feeling in town, 5 bdrms, 3 baths, ensuite w/ jetted tub. The recently constructed bright open concept bsmt suite has a gas range, gas F/P, eating nook island, pantry & all the modern details plus so much storage. Heat pump, tile roof, 10,000 in gutter system improvements, long grand driveway plus 2 car garage! (id:48205)

5 Bedroom 3 Bathroom 3669 sqft
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
$2,369,700
32620 ESQUIMALT TERRACE, abbotsford, British Columbia

32620 Esquimalt Terrace

Abbotsford, British Columbia

High End Custom Built Quality Home! Builder has not missed anything- amazing kitchen complete with spice kitchen. Guest bedroom on the main with an ensuite. Elegance throughout this home is shown in the light fixtures, cabinetry, flooring, decorating and so much more. 4 bedrooms up- all with ensuite bathrooms & good size closets. Basement provides mortgage helper opportunity. Kitchen/ Livingroom combination in suites - measurements just listed as kitchen. And a grand media room/ wet bar will provide hours of entertainment for the upper home family. Additional features- Generator, Stamped Concrete Driveway with airport lighting, folding walkout glass patio door to sundeck, Air conditioning, heavy entry door, high quality tiles, high end appliances and list goes on and on. A MUST SEE HOME! (id:48205)

9 Bedroom 9 Bathroom 4831 sqft
For sale
$2,349,900
32211 AUTUMN AVENUE, abbotsford, British Columbia

32211 Autumn Avenue

Abbotsford, British Columbia

This newly constructed home, situated in a peaceful location, offers exceptional quality and comfort. Featuring 9 bedrooms and 8 bathrooms, the property boasts two expansive sundecks, each over 500 square feet. The home includes a legal two-bedroom suite, with potential for an additional two-bedroom guest suite and a bachelor suite or theater room with separate outside access. The open layout, enhanced by abundant windows, allows for plenty of natural light. Conveniently located near all amenities. Call us for a private showing! (id:48205)

9 Bedroom 8 Bathroom 5005 sqft
For sale
$2,338,000
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 sqft
For sale
$2,300,000
24 3800 GOLF COURSE DRIVE, abbotsford, British Columbia

24 3800 Golf Course Drive

Abbotsford, British Columbia

Triple car garage with this spectacular 4341 sqft home in prestigious Golf Course Drive Development. A gated, single family subdivision nestled between Ledgeview Golf and Country Club and greenbelt. Features a true great room with a high vaulted ceiling and gas fireplace, master bedroom on main with a 5pc spa like ensuite and marble countertops. Large kitchen features stunning white Siltstone counters, ample granite counter space, and a spacious eating area with access to a covered deck. 2 bedrooms up with a full bathroom. Large formal dining or flex .The finished daylight, walkout basement with 1775 sqft provides endless possibilities for your dream space. additional: . New roof in 2018 .Underground sprinkler system .Real hardwood floors throughout .Hardi Board exterior more. (id:48205)

4 Bedroom 4 Bathroom 4341 sqft
For sale
$2,300,000
35459 VERADO COURT, abbotsford, British Columbia

35459 Verado Court

Abbotsford, British Columbia

Explore this luxurious 4,886 sq ft home with a 459 sq ft garage, featuring a living room, Open Kitchen, den, Spice kitchen and laundry on the main floor, three upstairs bedrooms with bathrooms equipped with body jets, and a master bath with a steamer. The basement includes a one-bedroom unauthorized suite with separate laundry, the potential for another 2 bedroom suite plus 1 bedroom, a Rec room and a full bathroom for upstairs use. It includes a theatre room.Easy access to various amenities, schools, and recreational facilities. Don't miss the opportunity to make this extraordinary residence your own. Contact us today for a private showing! (id:48205)

6 Bedroom 7 Bathroom 4886 sqft
For sale
$2,299,900
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 sqft
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
$2,279,900
2778 PRINCESS STREET, abbotsford, British Columbia

2778 Princess Street

Abbotsford, British Columbia

open house Saturday & Sunday 1:00 PM to 4PM Stunning NEW home on Prime location in west Abbotsford. Huge cozy and modern 5206 SF home including attached garage and 2 Two bedroom suite and potential for third one & Bedroom with bathroom on main floor. Total 9 bed/8 bath.The house boasts A/C, a chef's dream kitchen & Spice Kitchen: high end appliances, floor to ceiling cupboards and a large island, an open floor plan,Open to above and blew celling,allows for parking 8 vehicles. Centrally located just minutes to all amenities. Must see to appreciate home, property and location! (id:48205)

9 Bedroom 8 Bathroom 5206 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