Property Type: Detached HouseOwnership: Freehold

31960 ROYAL CRESCENT

Abbotsford, BC V2T2J3

$1,029,900

3 bed2 bath6 parking2,407 sqftBuilt 1977
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Property Details

Property & Lot

Sub-type
House
Lot size
7,146 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,883 (2025)

Interior

Basement
Finished, Full
Heating
Electric
Fireplace
None

Parking

Total spaces
6 — covered indicated
Features
Garage

Listing Information

MLS®
R3158227
Listed
August 24, 2026
Time on market
On the market for 7 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Homelife Advantage Realty Ltd. · Data source: CREA DDF.

Description

Prime Clearbrook redevelopment opportunity in one of Abbotsford's most active growth areas. This property is located in a neighbourhood that has already seen strong redevelopment momentum, making it an excellent land-value play for builders, investors or developers. Existing home provides holding income while you move forward with the next stage. Application package is ready to submit for a proposed fourplex development, offering a clear path toward future density. Central west-side location close to schools, shopping parks, transit, restaurants, and major routes. A rare chance to secure a redevelopment site in the Clearbrook area with upside and strong long-term potential. Call or email for the full information package. (id:63159)

Values & Trends

This listing

$428/sqft

Building average

No other active listings in this building

Abbotsford average

$569/sqft

451 active listing(s)

Parking: 6 stall(s) includedStorage locker: Not indicated

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.

Detached (House) Market Stats — Abbotsford

Monthly figures from the Fraser Valley Real Estate Board for Abbotsford detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$1,143,000

Jul 2026

Average Sale Price

$1,087,192

Jul 2026

Monthly Sales

49

Jul 2026

Active Listings

444

Jul 2026

Sales-to-Active Ratio

11.0%

Jul 2026

Median Days to Contract

20 days

Jul 2026

MLS® HPI Benchmark Price

$1,547,000
$1,057,600
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

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

56

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
Ten Broeck ElementaryElementary695 m
Colleen And Gordie Howe Middle SchoolMiddle723 m
W J Mouat SecondarySecondary724 m
Dormick Park ElementaryElementary1.2 km
John Maclure Community SchoolElementary1.5 km
Clearbrook ElementaryElementary1.5 km
Abbotsford Traditional SchoolK-121.6 km
St. James and St. Ann's Elementary(Independent)Elementary1.7 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+)

  • Chalo Momo Nepali Kitchen · 2655 Clearbrook Road503 m
  • New Saigon Vietnamese Cuisine565 m
  • Pho Abbotsford #1 · 2644 Cedar Park Place585 m
  • Dhaliwal Sweets & Bakery · 2636 Cedar Park Place609 m
  • The Spice Route621 m

Cafes (4)

  • Rose Room Coffee Shop · 2825 Clearbrook Road184 m
  • Sipp Chai Café463 m
  • Starbucks565 m
  • City Cafe770 m

Grocery (5+)

  • Dasmesh Food & Video · 2622 Cedar Park Place625 m
  • Vinh-Tan Oriental Groceries · 2618 Cedar Park Place630 m
  • Day to Day Grocery & Produce · 31877 South Fraser Way689 m
  • Guru Nanak Market · 32434 South Fraser Way697 m
  • Sabzi Mandi Supermarket747 m

Parks (5+)

  • Charlotte Park · 31879 Royal Street144 m
  • Garden Park205 m
  • Palm Court Park · 2950 Palm Crescent522 m
  • Fishtrap Creek Park691 m
  • Unnamed691 m

Shopping (4)

  • Clearbrook Plaza535 m
  • Cedar Park Place631 m
  • Meadow Fair698 m
  • Cedar Park Plaza761 m

Gyms (1)

  • Kismet Yoga + Fitness442 m

Pharmacies (5+)

  • Garden Park Pharmacy · 2825 Clearbrook Road179 m
  • I.D.A.483 m
  • Clearbrook Pharmacy583 m
  • Matsqui Pharmacy · 2564 Clearbrook Road682 m
  • Cedar Park Pharmacy718 m

Banks & ATMs (5+)

  • Unnamed511 m
  • Unnamed526 m
  • Unnamed528 m
  • Prospera Credit Union · 32071 South Fraser Way531 m
  • Coast Capital Savings · 2611 Clearbrook Road537 m

Nearby places data: © OpenStreetMap contributors.

School district: Abbotsford (SD34)

Mortgage & Ownership Cost Calculator

Minimum required: 7.6% ($77,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$823,920.00
Periodic payment — Principal & Interest (monthly)$5,315.65
Additional monthly expenses (strata, tax, utilities, etc.)$526.92
Total monthly cost$5,842.57
Interest paid over 5-yr term$236,137.84
Balance at end of term$741,118.70

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$77,990
Stress test qualifying rate8.09%
Payment you must qualify for$7,319.85

Cash Needed at Closing

Minimum down payment$77,990
Estimated BC PTT$18,598
Legal / closing costs (typical estimate)$1,500
Total cash needed$98,088

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.

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