2048 Olive Way, Abbotsford, BC, MLS® R3023758

$899,000
Est. Mortgage /mo

$899,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
3 Beds
2 Baths
2 Stories
lot 5564 sqft
1632 sqft
1957 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

2048 Olive Way, Abbotsford, BC | MLS® R3023758 Property Details

**First-time buyers, investors & developers alert!** No strata – you own the land! This renovated 2-storey home sits on a lot with **future development potential** in a prime location near schools, the University of the Fraser Valley, and easy highway access. Featuring 3 bedrooms and 2 bathrooms, it includes a spacious 1-bedroom suite with a separate entrance—ideal for rental income or extended family. Updates include a modern kitchen with quartz countertops, stainless steel sink, new cabinets, wood flooring, and more. Large backyard and move-in ready—don’t miss out!

General Info

Price $899,000
Total Bedrooms 3
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1632
Lot Size 5564
Lot Size Depth Feet
Lot Size Frontage 52
Basement Finished
Basement Features BasementFeatures

Property Metrics

Year Built 1957
Age Of Building 68
Building Type Single Family Residence
Property Type Residential
Architecture Style Basement Entry
Stories 2
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R3023758
Area Abbotsford
Neighbourhood Central Abbotsford
City Abbotsford
Gross Taxes $3,858.3
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 0
Heating Type Electric

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Open
Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning RS3
Rental Suites Unauthorized Suite
Laundry In Unit
# of Kitchens 2
Foundation Concrete Perimeter
Interior Features Guest Suite, Storage
Locker -
View Description -
Units In Development -
Exterior Features Garden, Playground
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Metal

Property History

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Status Date Price
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Listed by: Century 21 Coastal Realty Ltd. & Century 21 Coastal Realty Ltd.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
Abbotsford Senior Secondary School
0.98 km
No Rating
Elementary
Alexander Elementary School
Average
0.38 km
Rating 5.4/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary, Secondary
Dogwood School
1.3 km
No Rating
Elementary, Secondary
Dogwood School
1.3 km
No Rating

Closest Transit

Abbotsford
Marshall at Salton (WB)
0.06 km
Welcome to 2048 Olive Way, a vibrant community in Abbotsford, BC!

As we explore this charming property with MLS® listing R3023758, I want to highlight its prime location and exceptional amenities. Let's start with the local schools – a top priority for many families.

Exceptional Education Options

The property is conveniently located near Alexander Elementary School, which boasts a rating of 5.4/10. With a distance of just 0.38 km, your little ones can easily access this esteemed educational institution. Additionally, Abbotsford Senior Secondary School is within a 0.98 km radius, offering a comprehensive secondary education experience.

Safe and Thriving Community

Now, let's talk about safety. According to the latest crime data from Statistics Canada (2020), the neighborhood surrounding 2048 Olive Way, Abbotsford, BC, has an overall crime rate of 5,513.02 – a Below Average rating compared to other Canadian cities. This indicates a peaceful and secure environment for residents.

Breaking down the crime statistics, we see:

  • Drug crime rate: Low (91.52)
  • Property crimes: Average (3,290.50)
  • Violent crimes: Below Average (1,253.49)

Year-over-year changes in crime rates show a positive trend, with a decrease of 14.54% in total crime rate and a 23.98% increase in drug crime rate.

Thriving Local Economy

The area surrounding 2048 Olive Way, Abbotsford, BC, boasts a diverse economy with a mix of families and renters. Key statistics include:

  • 11.8% of residents hold a university certificate/degree, which is Below Average in comparison to other BC neighborhoods.
  • 19.6% of the population has no certificate or degree, which is Average compared to the BC average.
  • Median household income: $48,597 (Low compared to the BC average)
  • Median personal income: $28,064 (Below Average compared to the BC average)
Affordable Housing and Commuting Options

The average value of dwellings in this neighborhood is $323,380, which is Average compared to other areas in British Columbia. Average owner payments are Below Average, with owners spending $1,109 on average for their dwellings. Tenants pay an average of $912, also Below Average.

Commuting options are convenient, with the closest bus station, Marshall at Salton (WB), just 0.06 km away from this property.

Diverse Community

The area surrounding 2048 Olive Way, Abbotsford, BC, is home to a diverse population. Key statistics include:

  • Average age: 37.1, which is Low compared to other BC cities.
  • Average family size: 2.7, which is Below Average in comparison to the whole region.
  • Percent of families with children: 61.5%, which is Above Average.
  • Percent of married or living common law: 46.9%, which is Low.
English and French Speakers

The community surrounding 2048 Olive Way, Abbotsford, BC, has a diverse linguistic makeup. Key statistics include:

  • Percent of English and French speakers: 5%, which is Below Average.
  • Percent of English speakers only: 94.2%, which is Above Average.
  • Percent of Neither English nor French speakers: 0.8%, which is Average.
Transportation

The area surrounding 2048 Olive Way, Abbotsford, BC, has a mix of transportation modes. Key statistics include:

  • 3.9% of the population uses Public Transport, which is Below Average.
  • 87.2% of the population uses Cars, which is Average.
  • 1.1% of the population uses Bicycles, which is Average.
  • 6.3% of the population walks, which is Above Average.

In conclusion, 2048 Olive Way, Abbotsford, BC, is a vibrant community with a mix of amenities, a safe environment, and convenient commuting options. This property with MLS® listing R3023758 offers an exceptional living experience for families and individuals alike.

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $899,000
Abbotsford $1,204,267
Central Abbotsford $1,204,267
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
Call or Text Now!
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