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$4,800,000

29985 DOWNES ROAD

Abbotsford · MLS® C8080867

872,942 sq ft lot

Land · Agriculture · 71 days on market

Listed by Rajin Gill, B.C. Farm & Ranch Realty Corp.

Realtor's description

Introducing Tanglebank Estate! Spectacular 20 acre destination featuring beautifully landscaped gardens, expansive lawns, and scenic walking trails, all conveniently located just 5 minutes from Hwy 1. This one-of-a-kind property offers a rare opportunity with a fully operational restaurant/bistro complete with a commercial kitchen, indoor and outdoor dining areas, a liquor licence, and retail space ideal for a gift shop. Continue the agri-tourism operation, revive the greenhouse/nursery business, restaurant or create an exceptional venue for weddings, corporate events, private functions, and more. The newly renovated 3-bedroom, 2-bathroom home is perfect for an owner-operator or generates excellent rental income. An extraordinary offering with endless business and lifestyle potential.

Property details

Type: Land, Agriculture
Lot: 872,942 sq ft
Parking: 0
Property tax: $19,229 / yr
Days on market: 71
MLS®: C8080867

Property insights

On market 71 days

The market here

Listed now: 106 days; median for 94 homes for sale; this one 71 days

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

Monthly cost

$22,516/mo

Mortgage $20,913 · Tax $1,602

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

estimated payment

$20,913/ monthly

loan $3,840,000

25-year amortization

down payment20% · $960,00020%+ 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: $2,433,942
property transfer tax: $158,000; BC general rate
cash to close: $1,118,000; down + PTT
total paid: $6,273,942

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.

Location

Lot outline: 4,296 m² (46,242 sq ft) · PID 013-344-153. 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 Mt. Lehman Elementaryhomes in this catchment
4.8 km away · 6381 Mt Lehman Rd, Abbotsford · 604-856-5083
Middle Eugene Reimer Middlehomes in this catchment
2.5 km away · 3433 Firhill Dr, Abbotsford · 604-504-5343
Secondary Rick Hansen Secondaryhomes in this catchment
2.4 km away · 31150 Blueridge Dr, Abbotsford · 604-864-0011

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.

Good to know

Agricultural Land Reserve
This address is inside the Agricultural Land Reserve. ALR land is set aside for farming; building, subdividing and non-farm uses follow Agricultural Land Commission rules.
Source: Agricultural Land Commission, ALR boundary

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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