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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 Open House
$1,649,900
2371 BEDFORD PLACE, abbotsford, British Columbia

2371 Bedford Place

Abbotsford, British Columbia

Welcome to your dream home! This stunning property marks its debut on the market, boasting a custom-built spec home by its sole owner. With over 3750 sqft of luxurious living space situated on a generous 9000+ sqft lot, this residence offers ample space and privacy. A lengthy driveway leads you to your sanctuary, where you'll discover a suite with rental potential, ideal for supplemental income. Inside, revel in the expansive, airy rooms and a convenient spice kitchen for culinary enthusiasts. Upstairs, find five bedrooms, perfect for accommodating family and guests. Positioned in a highly sought-after, central location, enjoy easy access to shopping, recreational facilities, highways, and schools. Don't miss this opportunity to own a piece of paradise! Call today for your private showing. (id:48205)

7 Bedroom 5 Bathroom 3769
For sale Open House
$1,649,000
2593 TERMINAL COURT, abbotsford, British Columbia

2593 Terminal Court

Abbotsford, British Columbia

Your *BRAND NEW HOME* search stops here! Beautiful custom built BRAND NEW MEGA home with 2-5-10 warranty in Station Woods, new subdivision in West Abbotsford. High end finishing with modern lights, Designer color scheme, This home features 8 Bedrooms and 6 Bath. Top floor- 4 bedrooms/ 3 bathrooms. Main floor OPEN CONCEPT Family areas, dining, modern kitchen with quartz counter tops/ Beautiful kitchen and ONE bedroom on the main floor as well. BASEMENT: 2 bedrooms legal suite Plus 1 bedroom potential another suite for your mortgage help. Do not miss your chance to occupy this beauty. Call for your private appointment to view today! (id:48205)

8 Bedroom 6 Bathroom 3523
For sale Open House
$1,649,000
3672 CREEKSTONE PLACE, abbotsford, British Columbia

3672 Creekstone Place

Abbotsford, British Columbia

NEW HOME by DALE RATZLAFF DEV. Luxurious living in EAST ABBOTSFORD. Basement entry home fully finished. With high ceilings, large windows to capture the natural light. MAIN FLOOR: Chef's dream kitchen lots of cab., HUGE island, pantry, eating area & dining area next to Huge covered patio to enjoy your backyard. (level to the main floor) Great room featuring gas F.P. wall. Primary bedrm, walk in closet, luxurious 5 pce. bathrm, 2 more bedrooms with large bathroom. Basement fully finished: 4th bedroom, 4 pce. bathrm., huge LaundryRm, Bright familyRm w/wet bar & a great Office. StorageRm& huge garage one bay 29ft deep. Many extras throughout you'll love. Located in CREEKSTONE ON THE PARK. WALK TO ALL levels of schools, next to a 24 acre park, walking trails, shopping, easy freeway assess. (id:48205)

4 Bedroom 3 Bathroom 3354
For sale
$1,649,000
3044 BLUE JAY STREET, abbotsford, British Columbia

3044 Blue Jay Street

Abbotsford, British Columbia

This brand new 3-story home in West Abbotsford features 4 generously-sized bedrooms on the upper level, 6 bathrooms for added convenience, and a separate 2-bedroom legal suite. Its location offers walking distance to Highstreet mall and easy access to Hwy1, making shopping and commuting a breeze. The highlight is the spacious kitchen equipped with high-end Frigidaire professional series appliances, including a bonus spice kitchen. It boasts a large Primary bedroom with an oversized ensuite featuring his and her walk-in closets. The open concept main floor seamlessly flows into the backyard, creating a perfect space for indoor-outdoor living. With its modern design, ample living space, and proximity to schools & amenities, this home offers both comfort and convenience for a growing family. (id:48205)

6 Bedroom 6 Bathroom 3934
For sale
$1,649,000
4314 WRIGHT STREET, abbotsford, British Columbia

4314 Wright Street

Abbotsford, British Columbia

Escape into a world of history, providing an abundance of options! Offering a magical family home, business savvy B&B or exclusive medical facility. Zoned for any of the above. Nothing to do in this ENGLISH COUNTRY character home with courtyards. Lots of extra details through out. UPPER FLOOR 4 large bdrms, incl. 2nd P. bdrm. 2 bdrms w/French doors to a large sundeck over looking the landscaped grounds. Massive attic, great possibilities. MAIN FLOOR has a ton of character! Living room with original F.P. Massive UPDATED kitchen w/solarium plus it opens to a private courtyard. Huge familyRm was a main bdrm w/ensuite. Easily a bdrm again. Massive new dble garage w/shop above & another shop in the back! Wonderful quiet areas to enjoy & located in a peaceful village. (id:48205)

5 Bedroom 4 Bathroom 2975
For sale Open House
$1,639,900
6 31600 OLD YALE ROAD, abbotsford, British Columbia

6 31600 Old Yale Road

Abbotsford, British Columbia

Spacious 4622 sq/ft home in GATED, SECURE & SAFE COMMUNITY. 2006 custom luxury home features 8 Bed & 6.5 Bath bright open layout w/ custom crown molding & woodwork! Main floor features 18FT high ceilings in the foyer & family room allowing abundance of natural light. Also a great living room, dining & spacious island kitchen w/ granite counters. BONUS Primary bedroom on main & powder bath for guest! Two way staircase leads to top floor having 2 primary bedrooms, 2 additional spacious rooms with shared bathroom. Basement is entertainers dream, an amazing wet bar, theatre room w/ bonus spacious bedroom & bathroom for own use or POTENTIAL bachelor or 1 bedroom suite. LEGAL 2 bed suite w/ covered entrance & washer/dryer rented $1500. Desirable West Abbotsford close to ALL amenities & HWY 1. (id:48205)

8 Bedroom 7 Bathroom 4622
For sale
$1,639,900
35005 BATEMAN ROAD, abbotsford, British Columbia

35005 Bateman Road

Abbotsford, British Columbia

Absolute Treasure of a custom built home hidden in the heart of town. Incredibly private 1/3 acre over looking Matsqui Flats & gifting you fantastic sunset views. 7 bdrm home (2bdrm $$helper) Lg open concept main living w/ a games room loft for the teens. Over $20,000 in remote control Executive Phantom Screens will protect you from the mosquitos all summer & keep that sun out of your eyes while you watch awesome BIG SCREEN MOVIES on your RETRACTABLE projection screen!! Enjoy your grand Master w/ cozy balcony for unwinding over a glass & some uplifting views of the valley. Walking distance to Bateman School and Abby Christian Schools. (id:48205)

6 Bedroom 3 Bathroom 3676
For sale
$1,625,000
36111 SPYGLASS LANE, abbotsford, British Columbia

36111 Spyglass Lane

Abbotsford, British Columbia

Architecturally designed to enjoy the unobstructed Mt.Baker & Valley View !!. The main floor is 3,159 sqft with Italian porcelain tile, NO stairs! High end features throughout the home including Bose surround sound system With 4 Bedrooms & 3 Bathrooms .2 bedroom LEGAL suite above the extra wide 3 car garage .And 2(unauthorized suites)in the basement. One 2 Bedroom suite and one 1 Bedroom Suite! Flat driveway with parking for a 40 ft. motorhome and 5 cars!! (id:48205)

9 Bedroom 6 Bathroom 5735
For sale Open House
$1,624,900
3114 ROSS ROAD, abbotsford, British Columbia

3114 Ross Road

Abbotsford, British Columbia

Location, location, location! Prime nearly 1/2 Acre Property in Aberdeen on the North Side of Ross Rd. Live in the country but be minutes away to town! Updated Rancher with Basement featuring 5 Bedrooms + 3 Bathrooms with 2,580 Sq Ft of living space. Open floor plan on the main with a large living room ideal for entertaining, functional & fair sized kitchen, 3 Bedrooms and 2 Bathrooms. Basement offers a 2 Bedroom accommodation thats fully seperate with back entry. Beautiful backyard with walk out patio from the main level and concrete pad. Plenty of grass and space for the kids & pets to play. Detached shed and long driveway. City water and septic. Mountain views from the backyard. Updates including: flooring, windows, roof, doors, and heat pump. ALC exemption - build your dream home here! (id:48205)

5 Bedroom 3 Bathroom 2580
For sale
$1,599,999
31453 BLUERIDGE DRIVE, abbotsford, British Columbia

31453 Blueridge Drive

Abbotsford, British Columbia

Move in ready. Recently renovated two story home. This home has 6 bedrooms, and 4 bathrooms. It has a two bedroom suite mortgage helper. The neighborhood is excellent for growing families. All new floors and paint. The front yard offers nice fenced yard. Oversized double garage with tons of storage. Call today to book your private showing. This property is ideally situated close to all three levels of schools, shopping area, recreation, transit and an easy access to major routes and highway. (id:48205)

6 Bedroom 4 Bathroom 2905
For sale Open House
$1,599,999
B 3436 HEADWATER PLACE, abbotsford, British Columbia

B 3436 Headwater Place

Abbotsford, British Columbia

This West Abbotsford home is a stunning three-story residence in a sought-after area. Boasting 7 bedrooms, 6 bathrooms, and 4,056 sq. ft., the open layout features 10 ft. ceilings, a bright kitchen, and quality finishing. Additional amenities include a spice kitchen, 3 electric fireplaces, 2 front patios, a private fenced backyard with a sundeck, and a double car garage. And in the basement you have 2 MORTGAGE HELPERS!! Conveniently located near schools, High Street Shopping Center, Sikh Temple, Bolt Fitness, and Highway 1. Don't miss the chance-book a viewing today! Open house Sat May 4, 1-3Pm. (id:48205)

7 Bedroom 6 Bathroom 4056
For sale
$1,599,999
3494 PROMONTORY COURT, abbotsford, British Columbia

3494 Promontory Court

Abbotsford, British Columbia

Welcome to a Promontory Estates, where panoramic valley views captivate the senses. This home boasts spacious family, living, and dining areas that create an inviting ambiance for relaxation and gatherings. With an impressive total of 7 bedrooms and 5 full bathrooms, including 5 beds and 3 baths featuring dual master bedrooms upstairs, this residence caters to your lifestyle. A 2-bedroom legal suite on the main floor offers flexibility and potential income. Practicality and sophistication merge effortlessly with features like en-suite laundry, a built-in vacuum system, and a double-car garage. Conveniently located near all levels of schools, shopping, highway access, and Gurdwara Sahib, Don't miss out on the chance to experience this remarkable Promontory Estates property. call today! (id:48205)

7 Bedroom 5 Bathroom 2910
For sale
$1,599,900
27625 RAILCAR CRESCENT, abbotsford, British Columbia

27625 Railcar Crescent

Abbotsford, British Columbia

CUSTOM BUILT 2 STOREY HOUSE ON CORNER LOT. This beauty features 6 bedrooms, 5 washrooms. Main floor features elegant living room with high ceiling & gas fireplace. Huge dining room, spacious family room to relax, chefs main kitchen. Upstairs features 4 spacious bedrooms and 3 full washrooms. Main floor has 2 bedroom spacious basement suite with own laundry. Other features include corner lot, wide garage w extra parking, fenced backyard & huge patio from master bedroom for summer enjoyment, A/C for hot summer days, plenty of natural light. Balance of 2-5-10 warranty. (id:48205)

6 Bedroom 5 Bathroom 2921
For sale
$1,599,900
1559 WHATCOM ROAD, abbotsford, British Columbia

1559 Whatcom Road

Abbotsford, British Columbia

Great opportunity for investors and business/truckers. 1 acre lot features a 2 storey home with great views and privacy and 720 square feet heated shop. Main floor offers a large living, kitchen, dining/eating area. Bottom floor has very spacious family and flex rooms. Lots of open parking in front with a double and a single garage and room to park your RV. Located close to freeway for easy access. Close to schools, shopping and recreation centres. (id:48205)

4 Bedroom 3 Bathroom 2665
For sale
$1,588,000
2750 BRISTOL DRIVE, abbotsford, British Columbia

2750 Bristol Drive

Abbotsford, British Columbia

One of the most prestigious neighbourhoods, The Quarry! This quality custom built 2012 home boasts just under 3000 sqft of living space and is in immaculate condition. One of the few homes in the neighbourhood featuring 5 bedrooms plus office and 4.5 bathrooms. Open concept main floor living area with high ceilings that leads you right out to your covered patio and spacious fenced flat backyard. Throughout the house you will find granite counters, hardwood floors, lots of storage, brown maple cabinets & stainless-steel appliances. Legal 2-bedroom/2-bathroom suite with separate laundry and entrance (one bed./one bath rented). There are 8 parking spots: 2 in the garage, 4 on the front driveway and 2 reserved for tenants on the back lane- on the property. (id:48205)

5 Bedroom 5 Bathroom 2709
For sale Open House
$1,585,000
35942 MARSHALL ROAD, abbotsford, British Columbia

35942 Marshall Road

Abbotsford, British Columbia

Nestled in East Abbotsford, this stunning home boasts 4 bedrooms and 3 bathrooms in the main house (1 Bedroom and full bath on main floor). The house also have two separate 2 bedroom basement suites rented for $3250 per month. With 4432 sq. ft. of living space on a 7283 sq. ft. lot and a double car garage, it offers ample space and convenience. Inside, an open-concept layout and high-end finishes create an inviting atmosphere, while outside, a beautiful backyard features a huge patio and hot tub with amazing views of mountains & farms. Conveniently located near schools, shopping, parks, and Hwy 1, it's the epitome of luxurious living with breathtaking views. Open House Sunday April 21, 2024 1-3 PM. (id:48205)

8 Bedroom 5 Bathroom 4432
For sale
$1,574,999
2153 EBONY STREET, abbotsford, British Columbia

2153 Ebony Street

Abbotsford, British Columbia

Custom built in 2015 a beautifully designed home in central Abbotsford. This home awaits your family with five bedrooms, five bathrooms, theatre room, legal two bedroom suite mortgage helper, beautiful kitchen and a covered patio looking out into your private backyard. Very bright, open concept living room and family room with 12 ft ceilings and 18 ft ceilings in the main entry way. High end floors throughout, plenty of natural light with many larger windows, URC home automation control system to control all your electronic devices, built in ceiling speakers throughout the home and surround sound system in the theatre room. Close to all amenities and close to all levels of Schools. Home is like NEW.... (id:48205)

5 Bedroom 5 Bathroom 3689
For sale
$1,569,000
3 31538 UPPER MACLURE ROAD, abbotsford, British Columbia

3 31538 Upper Maclure Road

Abbotsford, British Columbia

Your perfect family home nestled on a quiet hillside with all amenities nearby. Offering West Abbotsford's most breathtaking views. With high end finishings and imported tile throughout, the open plan style allows natural light to fill the modern interiors. Gourmet Chef's Kitchen with Quartz Counter tops, ample storage & Designer Stainless Steel Appliances with separate spice kitchen. Large covered deck leads down to the fully fenced private backyard. 4 bedrooms up including spacious Master Bedroom complete with a 5pce ensuite, large walk-in closet and private patio. Downstairs includes 2 additional bedrooms with a massive rec room. Two Separate basement nanny suite and in law configurations possible. GST included. (id:48205)

7 Bedroom 6 Bathroom 4125
For sale
$1,550,000
201 MCCALLUM ROAD, abbotsford, British Columbia

201 Mccallum Road

Abbotsford, British Columbia

THE MOST UNIQUE PROPERTY IN ABBOTSFORD! Entertain in stunning wine room with amazing ambiance & exquisite chandeliers. Have a glass wine or cup a coffee and enjoy breathtaking Mt. Baker views! .609 Acre property is your very own slice of paradise. Features 2020 built 908 sq/ft 2 bed home with amazing attached 960 sq/ft shop/garage boasting. Quality finishes throughout including Bertazzonni gas range & canopy hood fan, central A/C. Situated on desirable no thru street in one of the BEST locations, minutes to all amenities & Hwy. BONUS - Potential build your dream home at back of the property. Major cost, Septic System & Conceptual Plans are ready for the new home! CALL FOR DETAILS! The property has City Water, Board of Variance - reduced set back & A.L.C. Exemption Letter. (id:48205)

2 Bedroom 2 Bathroom 908
For sale
$1,549,900
31701 UPLAND CRESCENT, abbotsford, British Columbia

31701 Upland Crescent

Abbotsford, British Columbia

Check out this brand-new single-family home in West Abbotsford. This 3140 sq.ft home offers Spacious 4-Beds upstairs and 1-Bedroom on main and 2 bedroom in basement suite Great Mortgage helper. Located in the heart of west Abbotsford, with walking distance to all levels of schools, shopping and Walk to Fish Trap Creek Park. (id:48205)

7 Bedroom 5 Bathroom 3140
For sale
$1,549,000
33541 CANNON AVENUE, abbotsford, British Columbia

33541 Cannon Avenue

Abbotsford, British Columbia

LAND ASSEMBLY - A Unique opportunity to acquire a development site consisting of 3 adjacent single-family homes located at 33533, 33541 & 33551 Cannon Avenue! By assembling these three properties, totaling 23,915 (180 frontage by 134) you can unlock their combined potential for a larger development project. No easements or creeks, flat land, ready and prefect for development. This development site is conveniently located in Central Abbotsford within close proximity to the new Montrose bus exchange (TOA Density), all levels of schools, numerous parks, restaurants, Abbotsford Regional Hospital & Cancer Center, McCallum Junction, recreation, public transit & Hwy.1, making it an ideal location! Bring your vision to life, contact us now to obtain an information package and schedule a showing. (id:48205)

For sale
$1,549,000
33551 CANNON AVENUE, abbotsford, British Columbia

33551 Cannon Avenue

Abbotsford, British Columbia

LAND ASSEMBLY - A Unique opportunity to acquire a development site consisting of 3 adjacent single-family homes located at 33533, 33541 & 33551 Cannon Avenue! By assembling these three properties totaling 23,915 (180 frontage by 134) you can unlock their combined potential for a larger development project. No easements or creeks, flat land, ready and prefect for development. This development site is conveniently located in Central Abbotsford within close proximity to the new Montrose bus exchange (TOA Density), all levels of schools, numerous parks, restaurants, Abbotsford Regional Hospital & Cancer Center, McCallum Junction, recreation, public transit & Hwy. 1, making it an ideal location! Bring your vision to life, contact us now to obtain an information package and schedule a showing. (id:48205)

For sale
$1,549,000
33551 CANNON AVENUE, abbotsford, British Columbia

33551 Cannon Avenue

Abbotsford, British Columbia

LAND ASSEMBLY - A Unique opportunity to acquire a development site consisting of 3 adjacent single-family homes located at 33533, 33541 & 33551 Cannon Avenue! By assembling these three properties totaling 23,915 (180 frontage by 134) you can unlock their combined potential for a larger development project. No easements or creeks, flat land, ready and prefect for development. This development site is conveniently located in Central Abbotsford within close proximity to the new Montrose bus exchange (TOA Density), all levels of schools, numerous parks, restaurants, Abbotsford Regional Hospital & Cancer Center, McCallum Junction, recreation, public transit & Hwy. 1, making it an ideal location! Bring your vision to life, contact us now to obtain an information package and schedule a showing. (id:48205)

3 Bedroom 2 Bathroom 1227
For sale
$1,549,000
33541 CANNON AVENUE, abbotsford, British Columbia

33541 Cannon Avenue

Abbotsford, British Columbia

LAND ASSEMBLY - A Unique opportunity to acquire a development site consisting of 3 adjacent single-family homes located at 33533, 33541 & 33551 Cannon Avenue! By assembling these three properties, totaling 23,915 (180 frontage by 134) you can unlock their combined potential for a larger development project. No easements or creeks, flat land, ready and prefect for development. This development site is conveniently located in Central Abbotsford within close proximity to the new Montrose bus exchange (TOA Density), all levels of schools, numerous parks, restaurants, Abbotsford Regional Hospital & Cancer Center, McCallum Junction, recreation, public transit & Hwy.1, making it an ideal location! Bring your vision to life, contact us now to obtain an information package and schedule a showing. (id:48205)

3 Bedroom 1 Bathroom 1906
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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