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$1,148,000

31518 SOUTHERN DRIVE

Abbotsford · MLS® R3170235

6 bed · 4 bath · 2,920 sq ft · 5,918 sq ft lot · 8 parking

House · Single Family · built 1993 · 8 days on market

Listed by TJ Gill, Real Broker B.C. Ltd.

Realtor's description

Great home in Great location. Bonus!!! Spice kitchen and AC, 3 separate living areas, ample parking located in one of the city's best and family-friendly neighbourhoods. Updated 6 bedroom, 4 full bathrooms home offers the perfect mix of space, function, and income potential with its Legal suite. Making it ideal for growing families or investors. The main floor features a spice kitchen, 3 living areas, 3 spacious bedrooms, and 2 full bathrooms. Below is 3 Bedrooms, legal suite with separate entry, plus 2 full bathrooms and laundry. Close to Highstreet mall, Airport, and with quick access to highway 1. Furnace age (1 year), Boiler age (4 months), plumbing also update. Spice kitchen and Living Area was built with permit.

Property details

Type: House, Single Family
Bedrooms: 6
Bathrooms: 4
Living area: 2,920 sq ft
Lot: 5,918 sq ft
Parking: 8
Year built: 1993
Property tax: $5,552 / yr
Days on market: 8
MLS®: R3170235

Features

Washer
Dishwasher
Dryer
Garage door opener

Price check

Below typical for the area (-8.5%)

2026 assessment: $1,112,000 · asking is +3.2%
Price per sq ft: $393 vs $430 median for houses in Abbotsford for sale (463)

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

The market here

Listed now: 70 days; median for 463 houses for sale; this one 8 days

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

Monthly cost

$5,464/mo

Mortgage $5,002 · Tax $463

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

estimated payment

$5,002/ monthly

loan $918,400

25-year amortization

down payment20% · $229,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $582,118
property transfer tax: $20,960; BC general rate
cash to close: $250,560; down + PTT
total paid: $1,500,518

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

Suite rent: $1,278/mo
Your cost after the suite: $4,464/mo; vs $5,639 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $5,002 · tax $463 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) 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

AbbotsfordGoogle Maps ↗

Location

AbbotsfordGoogle Maps ↗

Schools

Catchment schools, Abbotsford School District 34

Elementary Blue Jay Elementaryhomes in this catchment
1.2 km away · 30995 Southern Dr, Abbotsford · 604-852-0802
Middle Eugene Reimer Middlehomes in this catchment
1000 m away · 3433 Firhill Dr, Abbotsford · 604-504-5343
Secondary Rick Hansen Secondaryhomes in this catchment
1.1 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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas