Property Type: Land / Lot

31992 SOUTH FRASER WAY

Abbotsford, BC V2T1V6

$2,200,000

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Property Details

Property & Lot

Lot size
10,469 square feet

Ownership & Fees

Property type
Land / Lot
Annual property tax
$17,748.58 (2025)

Interior

Fireplace
None

Listing Information

MLS®
C8078037
Listed
April 20, 2026
Time on market
On the market for 133 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal LePage Little Oak Realty · Data source: CREA DDF.

Description

LOOK at this excellent Commercially Zoned Land Parcel, which has a major corner exposure fronting on both South Fraser Way and Clearbrook Road, which is one of the busiest traffic intersections found in the City of Abbotsford today. Current Zoning is a City Center Commercial Zone (C5) . . . which allows Retail and Office use. Official Community Plan (OCP) designates the property, as Urban Centre....... which allows Commercial, Multifamily and many other uses. Zoning allows up to 2.75* FSR and OCP allows up to 2.0* FSR. Please refer to the Zoning Bylaws and the OCP for complete understanding of what can be built here. Call us today for a Package on this exciting Land Parcel!!! DON'T FORGET TO WAtcH THE VIDEO BY CLICKING ON THE VIRTUAL TOUR LINK AT THE BOTTOM RIGHT CORNER OF THE LISTING!!! (id:63159)

Location Insights

Weather

Mainly Clear

16°C

Mainly Clear

Humidity 78%

Wind S 3 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

85

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 ElementaryElementary560 m
Dormick Park ElementaryElementary640 m
ASIA - North PoplarElementary1.2 km
Colleen And Gordie Howe Middle SchoolMiddle1.2 km
W J Mouat SecondarySecondary1.2 km
Abbotsford Traditional SchoolK-121.3 km
Centennial Park ElementaryElementary1.5 km
John Maclure Community SchoolElementary1.6 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 Spice Route92 m
  • Chalo Momo Nepali Kitchen · 2655 Clearbrook Road135 m
  • Noodle Road153 m
  • Bhav's Indian Cuisine & Sweet Shop · 2591 Cedar Park Place155 m
  • Midori Japanese Restaurant155 m

Cafes (5+)

  • Sipp Chai Café171 m
  • Tim Hortons · 2434 Clearbrook Road316 m
  • Starbucks396 m
  • Rose Room Coffee Shop · 2825 Clearbrook Road459 m
  • Tim Hortons512 m

Grocery (5+)

  • Abbotsford Super Market120 m
  • Unnamed · 31940 South Fraser Way149 m
  • El Negociante Abbotsford "Mexican & Latin Store"166 m
  • al Noor Halal Meat & Grocery196 m
  • Vinh-Tan Oriental Groceries · 2618 Cedar Park Place216 m

Parks (5+)

  • Peardonville Park · 31988 Peardonville Road405 m
  • Garden Park431 m
  • J A Spud Murphy Park · 32285 Hillcrest Avenue571 m
  • Unnamed588 m
  • Charlotte Park · 31879 Royal Street746 m

Shopping (5+)

  • Meadow Fair100 m
  • Clearbrook Plaza120 m
  • Cedar Park Place187 m
  • Cedar Park Plaza188 m
  • Moga Bazaar · 2497 Clearbrook Road190 m

Gyms (1)

  • Kismet Yoga + Fitness191 m

Pharmacies (5+)

  • Matsqui Pharmacy · 2564 Clearbrook Road62 m
  • I.D.A.151 m
  • Clearbrook Pharmacy191 m
  • Cedar Park Pharmacy200 m
  • Hillcrest Pharmacy · 32130 Hillcrest Avenue361 m

Banks & ATMs (5+)

  • RBC · 31975 South Fraser Way75 m
  • Unnamed87 m
  • Coast Capital Savings · 2611 Clearbrook Road96 m
  • Unnamed105 m
  • Unnamed107 m

Nearby places data: © OpenStreetMap contributors.

School district: Abbotsford (SD34)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($440,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,760,000.00
Periodic payment — Principal & Interest (monthly)$11,354.92
Additional monthly expenses (strata, tax, utilities, etc.)$1,479.05
Total monthly cost$12,833.97
Interest paid over 5-yr term$504,421.06
Balance at end of term$1,583,125.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$440,000
Stress test qualifying rate8.09%
Payment you must qualify for$13,533.78

Cash Needed at Closing

Minimum down payment$440,000
Estimated BC PTT$44,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$485,500

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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