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About this home

Rancher with full walk out basement with a legal suite downstairs. Spacious main floor with large living area and insulated sunroom facing south with a beautiful mountain view. 3 bedrooms upstairs and 3 bedroom downstairs. 2 bathroom upstairs and 2 bathroom downstairs. 2 separated laundry rooms. Quick possession possible. Family tenant downstairs and could stay or could leave. Suite on a 2nd showing only. Easy access to highway and shopping center and walking distance to all three level of schools.

Property details

Beds

4 full

Baths

3,541 ft²

Floor area

5,800 ft²

Lot size

1988

Year built

Parking

$5,100/yr

Gross tax

Location & structure

Single Family

Type

Finished

Basement

Yes

Garage

Fireplaces

Ranch

Style

Listed

June 22, 2026

Style

Ranch

Basement

Finished

Structure

House

Property highlights

Mountain view

Features & inclusions

Appliances

Washer, Refrigerator, Dishwasher, Stove, Dryer

Heating

Forced air

Parking

Garage

Additional details

Common interest

Freehold

Tax year

2025

Listed by Team 3000 Realty Ltd.. Last updated Jul 7, 2026, 1:15 PM.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Mortgage estimate

Tax from listing

Est. monthly total

$5,890

/mo

Rate

Amortization

Principal and interest

$5,315

Property tax

$425

P&I

Tax

Down payment

$229,800 (20%)

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $229,800 down (20%) on $1,149,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.

Inventory mix

What this area trades in

Within 3 km of this listing · 511 listings

Detached	177	34.6%
Townhouse	145	28.4%
Condo / Apartment	142	27.8%
Land	23	4.5%
Mobile home	16	3.1%
Other	8	1.6%

Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.

Housing stock here

What this neighbourhood is built of

Census 2021 dwelling structural-type mix · Abbotsford · 125 dwellings

Apartment in duplex80 · 64.0%

Single-detached45 · 36.0%

Source: Statistics Canada · 2021 Census of Population

Market story

Rent in Abbotsford

Census 2021 avg $1,100/mo here · Vancouver 4BR rent (est) trend below

$4,044

latest · Jan 2025

↑15.9%

CMHC · 2025 Rental Market ReportForecast: CMHC supply-shortages report · rent growth scenarios

Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.

CMHCBritish Columbia outlook

British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets

British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.

From the CMHC Housing Market Outlook 2026 · Jan 2026

Supply outlook

Where supply, demand, and prices are heading by 2035

CMHC scenario data, applied to this listing's metro area

House prices, 2024 to 2035

CMHC scenario comparison

18.4 percentage points

Building enough supply could keep prices 18.4 percentage points lower by 2035.

Source: CMHC supply-shortages report (2026)

Housing starts needed each year

Current pace vs CMHC supply target

7,245 units short

Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.

Source: CMHC supply-shortages report (2026)

Housing stock, 2024 to 2035

Projected dwellings under current trajectory

24.0 percentage points

Stock grows about 24.0% over the period under the business-as-usual scenario.

Source: CMHC supply-shortages report (2026)

Apartment construction pace

Apartment starts in 2025 vs the 10-year average

8.6% above

Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.

Source: CMHC supply spring 2026

Family-home construction pace

Houses and townhomes started in 2025 vs the 10-year average

20.9% below

Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.

Source: CMHC supply spring 2026

Neighbourhood demographics

Who lives in this small neighbourhood

The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.

Statistics Canada Area #59090391· Abbotsford· Transit 5/100· 0.07 km²

Median rent here

$1,100

Owner shelter cost

$2,620

Renters

29.2%

30%+ on shelter

24.0%

Population (2021)

515

Median age

35.2

Avg household size

4.0

Avg household income

$118,000

Renters

29.2%

Owners

70.8%

Immigrants

44.8%

Post-secondary

33.3%

Avg home value

$1,000,000

Single status

23.8%

Not in labour force

29.2%

Households with kids

40.0%

Median rent

$1,100

Owner shelter cost

$2,620

30%+ on shelter

24.0%

Breakdown

$50,000 to $59,999	5	4.8%
$60,000 to $69,999	5	4.8%
$70,000 to $79,999	5	4.8%
$80,000 to $89,999	5	4.8%
$90,000 to $99,999	10	9.5%
$100,000 to $124,999	25	23.8%
$125,000 to $149,999	15	14.3%
$150,000 to $199,999	15	14.3%
$200,000 and over	20	19.0%

Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59090391).

31122 SOUTHERN Drive

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