29985 DOWNES ROAD
Abbotsford, BC V4X1Z8
$4,800,000
Amenities
Also listed: Storefront
Property Details
Property & Lot
- Lot size
- 872,942.4 square feet
Ownership & Fees
- Property type
- Other
- Annual property tax
- $19,229.29 (2026)
Interior
- Fireplace
- None
Listing Information
- MLS®
- C8080867
- Listed
- July 30, 2026
- Time on market
- On the market for 44 days
- Tax assessment year
- 2026
- Data last synced
- September 13, 2026
Listing provided by: B.C. Farm & Ranch Realty Corp. · Data source: CREA DDF.
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. (id:63159)
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Abbotsford average
$587/sqft
13 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
16°C
Mostly Cloudy
Humidity 70%
Wind NW 7 km/h
Tonight
12°
Sunday
21°
Sunday night
12°
Monday
20°
Monday night
11°
Tuesday
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Pacific Christian School(Independent) | Elementary/Middle | 719 m |
| Dave Kandal Elementary | Elementary | 1.3 km |
| Rick Hansen Secondary | Secondary | 2.4 km |
| Eugene Reimer Middle School | Middle | 2.5 km |
| Blue Jay Elementary | Elementary | 2.7 km |
| Harry Sayers Elementary | Elementary | 2.7 km |
| Ross Elementary | Elementary | 3.3 km |
| Mennonite Educational Institute(Independent) | K-12 | 3.3 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 (1)
- The Agora & Apothecary Inc. · 29985 Downes Road166 m
Nearby places data: © OpenStreetMap contributors.
School district: Abbotsford (SD34)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($960,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.