404 2943 Nelson Pl, Abbotsford BC V2S 0C8 – Condo for Sale – MLS® R2952414

404 2943 Nelson Place, Abbotsford, British Columbia V2S 0C8

677 days on the market
$399,000
Est. monthly cost $2,007/mo
Updated with MLS® -
The Edgebrook
1 Beds
1 Baths
696 sqft
573 $ /sqft
268.41 $ Maint. fee
2009 built
677 days on the market
$399,000
$419,000
Est. $2,007/mo with 20% down
Updated with MLS® -

Property Details for 404 2943 Nelson Place

Welcome to The Edgewood, where you'll find a beautifully designed layout featuring a built-in electric fireplace that adds warmth and charm to your living space. This top-floor unit boasts a spacious one-bedroom with a convenient walk-in closet, 4 piece bathroom, big ceilings. Step outside onto the deck, complete with a BBQ hookup, and enjoy outdoor dining and relaxation with ease. Experience the perfect blend of comfort and modern living at The Edgewood.

Building Details

Price $399,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 696
Year Built 2009
Age Of Building 17
Building Type Apartment/Condo
Unit Style Upper unit
Property Type Residential
Stories 1
Building Amenities Trash, Maintenance Grounds, Management, Snow Removal
Building Name The Edgebrook
Ownership Type Freehold Strata
Maintenance Fee $268.41
Amenities Nearby Trash, Maintenance Grounds, Management, Snow Removal
Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Underground, Guest
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Yes With Restrictions
Rental Suites None

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Interior Features Elevator
Fireplace 1
Heating Type Baseboard, Electric
Laundry In Unit
# of Kitchens 1
Foundation Concrete Perimeter

Exterior Features

Roof Other
Structures Multi Family, Residential Attached

Lot & Land

MLS® # R2952414
Area Abbotsford
Neighbourhood Central Abbotsford
City Abbotsford
Postal Code V2S 0C8
Gross Taxes $1,567.11
Zoning RML

Property Timeline

Status Date Price
R2952414 / Active 01-03-2025 $399,000
Rooms
Floor Type Dimensions
Main Level Living Room 12' x 12' ft
Main Level Dining Room 11' x 11' ft
Main Level Kitchen 10'2 x 10'2 ft
Main Level Primary Bedroom 13' x 13' ft
Main Level Walk-In Closet 5' x 5' ft
Main Level Laundry 4' x 4' ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Top Producers 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.

About the building: Edgebrook

2943 Nelson Place, Central Abbotsford, Abbotsford

Edgebrook building details

Building

Built
2009
Homes
73 in 4 storeys
Construction
Frame - Wood
Title
Freehold Strata
Strata plan
BCS3593
Managed by
Advantage Property Management
Parking
Visitor Parking, Garage: Underground, Garage Underbuilding
Lockers
Limited
Strata fee covers
Snow removalManagementGardeningGarbage Pickup

Bylaws on record

Pets
Restricted
Cats and dogs OK, max 2
Rentals
Allowed

Market at Edgebrook

For sale
3
Median ask
$399K
Median $/sqft
$533
Days on market
244
Sold, past year
6
This home

$573/sqft, 7.5% above the building median of $533.

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map, sell speed & climate

W J Mouat Secondary School · 1.2 km · sell-speed score 30/100 (may take longer)

Map & Neighbourhood

Public Schools

Middle
Chief Dan George Middle School
1.21 km
Elementary
Terry Fox Elementary School
Average 0.85 km 4.9/10
Secondary
W J Mouat Secondary School
1.2 km

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

Private Schools

Elementary, Secondary
Dogwood School
2.04 km
Elementary, Secondary
Dogwood School
2.04 km

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

30 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $332,055
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How CENTRAL ABBOTSFORD compares
This property
677 DOM
Listed

404 2943 Nelson Place has a sell-speed score of 30/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 20.2% above comparable active properties in Central Abbotsford. The local market is currently a Buyer's Market with a sales-to-active ratio of 11.1% — buyers have more leverage. With 323 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Walkability & Transit Near 404 2943 Nelson Place

Walk Score Badge
Very Walkable 78

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Good Transit 57

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat Bikeable 45

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Costs & calculators

Monthly cost about $2,007/month · rent estimate $1,659/month · owning nets $85/month less than renting · cash flow if rented −$477/month

Mortgage Calculator for 404 2943 Nelson Place

30-year fixed
$2,007 /month
Principal & Interest $1,608
Property Taxes $131
Maintenance fee $268

The estimated monthly cost of 404 2943 Nelson Place, Abbotsford is $2,007: $1,608 principal and interest with 20% down over 30 years at 4.45%, plus $131 property tax and $268 strata fee.

or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

−$477 /month
Mortgage Payment $1,608
Monthly Cash Flow −$477
Break Even Down Payment 44%
Cap Rate -1.4%
Cash on Cash -7.2%

If 404 2943 Nelson Place, Abbotsford were rented at $1,659 a month with 5% vacancy, it would fall $477 a month short of the mortgage and carrying costs; about 44% down would break even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 404 2943 Nelson Place, Abbotsford

$1,659 / month
Rent $1,659
Own $2,007
Principal: $517/mo Interest, tax, insurance, fees: $1,490/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$433/mo (year 1) → ~$1,007/mo (year 20) → ~$1,502/mo (year 29).

Net cost to own at year 5 ~$1,490/mo About $169/mo less than renting

EstateBlock estimates 404 2943 Nelson Place, Abbotsford would rent for about $1,659 a month.

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Rent vs own: 404 2943 Nelson Place

Rent vs own

Owning nets $85/mo less than renting

With 20% down ($79,800) at 4.45%: $1,574/mo net cost to own in year 1 vs $1,659/mo rent

Principal paid off by year 5 $28,445
Principal paid off by year 10 $63,964

Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.

Owning 404 2943 Nelson Place, Abbotsford nets about $85 a month less than renting it in year 1, with $28,445 of principal paid off by year 5 and $63,964 by year 10.

Price vs Neighbourhood Average — Central Abbotsford, Abbotsford

Beds Home Types Square Feet Lot Size Year Built
This Home $399,000
Abbotsford Loading...
Central Abbotsford Loading...

Based on 24 comparable active apartments/condos in Central Abbotsford, the average asking price is $332,055. This listing is priced 20.2% above the neighbourhood average.

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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 404 2943 Nelson Place

Walk Score Badge
Very Walkable 78

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Good Transit 57

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat Bikeable 45

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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