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$359,000

111 2575 WARE STREET

Abbotsford · MLS® R3171102

All units at 2575 Ware St →

2 bed · 2 bath · 1,066 sq ft · 1 parking

Condo · Single Family · built 1994 · 8 days on market

Listed by Zach Pugh, Royal LePage Elite West

Realtor's description

GROUND FLOOR CORNER UNIT! NEARLY 1100SQFT 2BED, 2BATH WITH IMMEDIATE POSSESSION AVAILABLE. QUIET SIDE OF THE BUILDING WITH LARGE PRIVATE COVERED PATIO & GORGEOUS VIEWS OF THE TREE LINNED COURTYARD. WIDE OPEN LIVING ROOM WITH WRAPAROUND WINDOWS. GAS FIREPLACE. NEW FLOORS IN 2020. NEWLY PAINTED BEDROOMS. SPACIOUS PRIMARY FITS KING BED WITH TWO CLOSETS. ENSUITE HAS BONUS POWDER STATION AREA. SPACIOUS LAUNDRY ROOM. INTERIOR OF THE BUILDING HAS BEEN FRESHLY PAINTED & VERY WELL MAINTAINED STRATA. CENTRAL LOCATION WITH WALKING ACCESS TO NEARLY EVERYTHING YOU NEED. ONE OF THE BEST VALUES IN ALL ABBOTSFORD FOR A 2BED/2BATH GROUND FLOOR UNIT OVER 1000SQFT. GREAT OPPORTUNITY FOR A FIRST TIME BUYER OR INVESTOR. 1 XL PARKING & STORAGE LOCKER INCLUDED. NO ELEVATOR NEEDED! NO AGE RESTRICTIONS!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,066 sq ft
Parking: 1
Year built: 1994
Property tax: $2,006 / yr
Strata fee: $527 / mo ($0.49 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed
Days on market: 8
MLS®: R3171102

Buying in a building from 1982 to 2000: what to read first

Features

Pets Allowed With Restrictions
Rentals Allowed
Washer
Refrigerator
Dishwasher
Stove

Price check

Below typical for the area (-18%)

2026 assessment: $433,200 · asking is -17%
Price per sq ft: $337 vs $411 median for condos in Abbotsford for sale (297)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 8 days · no price changes so far

The market here

Listed now: 59 days; median for 300 condos for sale; this one 8 days

Condos in Abbotsford. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$433,200	$1,958
2025	$452,000	$1,864

Estimated tax up 5.0% from 2025 to 2026.

The listing shows $2,006 a year in property tax.

Estimate: the BC Assessment value times Abbotsford's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$2,259/mo

Mortgage $1,564 · Tax $167 · Strata $527

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,564/ monthly

loan $287,200

25-year amortization

down payment20% · $71,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $182,039
property transfer tax: $5,180; BC general rate
cash to close: $76,980; down + PTT
total paid: $469,239

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $1,623/mo
After all costs: −$800/mo
Cap rate: 2.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,564 · tax $167 · strata $527 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Abbotsford - Mission (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

Location

The building's lot: 6,782 m² (73,001 sq ft) · PID 019-152-221. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

AbbotsfordGoogle Maps ↗

Location

AbbotsfordGoogle Maps ↗

Schools

Catchment schools, Abbotsford School District 34

Elementary Godson Elementaryhomes in this catchment
900 m away · 33130 Bevan Ave, Abbotsford · 604-853-8374
Middle Abbotsford Middlehomes in this catchment
700 m away · 33355 Bevan Ave, Abbotsford · 604-853-3367
Secondary Abbotsford Senior Secondaryhomes in this catchment
700 m away · 33355 Bevan Ave, Abbotsford · 604-853-3367

From the Abbotsford School District 34's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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