Property Type: Land / Lot

2517 MONTVUE AVENUE

Abbotsford, BC V2S3V1

$2,295,000

Get Directions

Property Details

Property & Lot

Lot size
14,944 square feet

Ownership & Fees

Property type
Land / Lot
Annual property tax
$5,500.32 (2025)

Interior

Fireplace
None

Listing Information

MLS®
C8080158
Listed
July 6, 2026
Time on market
On the market for 56 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Commercial Advantage · Data source: CREA DDF.

Description

Corner redevelopment site at the intersection of Montvue Avenue, Gosling Way and South Fraser Way in the heart of Historic Downtown Abbotsford. The site is improved with an existing single-family dwelling but is being offered as a development land opportunity. The block is undergoing significant revitalization. The City completed the Montvue Avenue realignment and the adjoining West Railway Plaza (grand opening May 23, 2026), and the new Montrose Transit Exchange opened approximately one block west in November 2024 (replacing the Bourquin Exchange). C7 permits a broad range of commercial and mixed-use principal uses, including retail, apartment, child care, restaurant, office, congregate housing and tourist accommodation, subject to the development regulations set out in Section 570 and the conditions of use applicable to apartment/congregate housing (ground floor must be designed for commercial use). (id:63159)

Location Insights

Weather

Clear

14°C

Clear

Humidity 87%

Wind S calm km/h

Tonight

13°

Tuesday

21°

Tuesday night

13°

Wednesday

20°

Wednesday night

11°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

153,524

(2021 Census)

+8.6% since 2016

Density: 409/km²

Dwellings: 55,659

Median household income: $90,000

After-tax: $81,000

Immigrant population: 28.6%

Top countries of origin (% of total population)

  • India15.5% · 23,835
  • United Kingdom1.5% · 2,315
  • Philippines1.1% · 1,730
  • United States of America0.9% · 1,395
  • Netherlands0.6% · 890
  • Viet Nam0.6% · 880
  • Korea, South0.6% · 845
  • China0.5% · 840

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

78

8/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Alexander ElementaryElementary502 m
Abbotsford Senior Secondary SchoolSecondary859 m
Abbotsford Middle SchoolMiddle1.2 km
Godson ElementaryElementary1.4 km
Terry Fox ElementaryElementary1.5 km
Yale SecondarySecondary1.9 km
William A. Fraser Middle SchoolMiddle1.9 km
Margaret Stenersen ElementaryElementary1.9 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (5+)

  • The Pho'enix Diner81 m
  • Once Upon @ Thai · 33769 South Fraser Way82 m
  • Meat & Bread Test Kitchen148 m
  • Noodlebox151 m
  • Bow & Stern189 m

Cafes (5+)

  • Lepp's Bakehouse · 2518 West Railway Street133 m
  • The Pastry Portal · 2553 Montrose Avenue201 m
  • Crimson Café228 m
  • Boardwalk Cafe & Games · 33760 Essendene Avenue235 m
  • Common Place Café256 m

Grocery (1)

  • Triple D&O African and Caribbean Store · 2664 Gladys Avenue420 m

Parks (5+)

  • Unnamed140 m
  • Christmas Tree Park · 25880 West Railway Street223 m
  • Jubilee Park267 m
  • Arbour Park394 m
  • Unnamed415 m

Shopping (5+)

  • Dragon Fort Centre241 m
  • Unnamed389 m
  • Abbotsford Centre Mall397 m
  • Five Corners423 m
  • McCallum Centre Mall471 m

Gyms (5+)

  • Iron Cycle Club · 2539 Montrose Avenue162 m
  • Art of Fitness · 2427 Pauline Street215 m
  • reset. Yoga & Therapy · 33783 Essendene Avenue256 m
  • Core Fitness & Rehab · 33725 Essendene Avenue284 m
  • Abby Yoga Studio407 m

Pharmacies (5+)

  • Montrose Pharmacy · 2493 Montrose Avenue113 m
  • The Medicine Shoppe · 2388 McCallum Road325 m
  • McCallum Pharmacy · 2481 McCallum Road342 m
  • Lincoln Wholehealth Pharmacy · 2168 McCallum Road673 m
  • Medical Tower Drugs743 m

Banks & ATMs (2)

  • Gulf & Fraser · 2600 Gladys Avenue288 m
  • Unnamed313 m

Nearby places data: © OpenStreetMap contributors.

School district: Abbotsford (SD34)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($459,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,836,000.00
Periodic payment — Principal & Interest (monthly)$11,845.25
Additional monthly expenses (strata, tax, utilities, etc.)$458.36
Total monthly cost$12,303.61
Interest paid over 5-yr term$526,202.88
Balance at end of term$1,651,487.94

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$459,000
Stress test qualifying rate8.09%
Payment you must qualify for$14,118.20

Cash Needed at Closing

Minimum down payment$459,000
Estimated BC PTT$46,850
Legal / closing costs (typical estimate)$1,500
Total cash needed$507,350

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

Request more information