Property Type: Condo / ApartmentOwnership: Strata

416-417 2493 MONTROSE AVENUE

Abbotsford, BC V2S3T2

$575,000

3 bed3 bath1 parking1,129 sqftBuilt 2020
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$465/mo
Annual property tax
$2,842 (2025)

Interior

Basement
None, Unknown
Heating
Baseboard heaters
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3125285
Listed
May 21, 2026
Time on market
On the market for 102 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal LePage - Wolstencroft · Data source: CREA DDF.

Description

THREE BEDROOM CONDO WITH 2ND KITCHEN & SEPARATE LIVING AREA. Completely unique and custom design to this new and exciting condo development in Historic Downtown Abbotsford. Welcome to the Upper Montrose community by the award winning Redekop Corp. Elements like brick and wood combined with features like barn doors, built-in cabinets, built-in pantries, chef-inspired kitchens with breakfast bars & gas ranges, create a warm and enjoyable space. You haven't seen anything like this 3 bedroom, 3 bathroom condo! Family or teenagers staying with you and need their own space!? Need rental income!? You've found it! Downtown Abby offers a unique blend of new and old shops including gyms, bakeries, nightlife, clothing, eateries, and so much more. Now is your chance to join this vibrant community! (id:63159)

Values & Trends

This listing

$509/sqft

Building average

$417/sqft

2 active listing(s)

Abbotsford average

$447/sqft

322 active listing(s)

Parking: 1 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.

Apartment Market Stats — Abbotsford

Monthly figures from the Fraser Valley Real Estate Board for Abbotsford apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$380,900

Jul 2026

Average Sale Price

$384,321

Jul 2026

Monthly Sales

47

Jul 2026

Active Listings

324

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

35 days

Jul 2026

MLS® HPI Benchmark Price

$482,800
$356,400
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

81

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 ElementaryElementary581 m
Abbotsford Senior Secondary SchoolSecondary783 m
Abbotsford Middle SchoolMiddle1.1 km
Godson ElementaryElementary1.3 km
Terry Fox ElementaryElementary1.4 km
Centennial Park ElementaryElementary1.9 km
Margaret Stenersen ElementaryElementary2.0 km
Yale SecondarySecondary2.0 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 Diner75 m
  • Once Upon @ Thai · 33769 South Fraser Way78 m
  • Bow & Stern118 m
  • Dragon Fort Restaurant · 2421 Pauline Street166 m
  • Amici Wine Bar Osteria & Enoteca · 33724 Essendene Avenue183 m

Cafes (5+)

  • The Pastry Portal · 2553 Montrose Avenue131 m
  • Boardwalk Cafe & Games · 33760 Essendene Avenue191 m
  • The Knotty Brew Crochet Cafe · 33723 Essendene Avenue209 m
  • Crimson Café215 m
  • Lepp's Bakehouse · 2518 West Railway Street216 m

Grocery (1)

  • Triple D&O African and Caribbean Store · 2664 Gladys Avenue434 m

Parks (5+)

  • Unnamed23 m
  • Jubilee Park145 m
  • Christmas Tree Park · 25880 West Railway Street237 m
  • Arbour Park274 m
  • Unnamed412 m

Shopping (5+)

  • Dragon Fort Centre168 m
  • Unnamed267 m
  • Abbotsford Centre Mall296 m
  • Five Corners301 m
  • South Fraser Plaza · 33550 South Fraser Way352 m

Gyms (5+)

  • Iron Cycle Club · 2539 Montrose Avenue85 m
  • Art of Fitness · 2427 Pauline Street143 m
  • Core Fitness & Rehab · 33725 Essendene Avenue209 m
  • reset. Yoga & Therapy · 33783 Essendene Avenue229 m
  • Abby Yoga Studio287 m

Pharmacies (5+)

  • Montrose Pharmacy · 2493 Montrose Avenue13 m
  • McCallum Pharmacy · 2481 McCallum Road225 m
  • The Medicine Shoppe · 2388 McCallum Road266 m
  • Lincoln Wholehealth Pharmacy · 2168 McCallum Road678 m
  • Medical Tower Drugs736 m

Banks & ATMs (2)

  • Gulf & Fraser · 2600 Gladys Avenue324 m
  • Unnamed348 m

Nearby places data: © OpenStreetMap contributors.

School district: Abbotsford (SD34)

Mortgage & Ownership Cost Calculator

Minimum required: 5.7% ($32,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$460,000.00
Periodic payment — Principal & Interest (monthly)$2,967.76
Additional monthly expenses (strata, tax, utilities, etc.)$757.60
Total monthly cost$3,725.37
Interest paid over 5-yr term$131,837.32
Balance at end of term$413,771.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$32,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,171.64

Cash Needed at Closing

Minimum down payment$32,500
Estimated BC PTT$9,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$43,500

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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