111 33545 Rainbow Ave, Abbotsford, BC, MLS® R3046015

$499,999
Est. Mortgage /mo

$499,999
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
2 Beds
2 Baths
1 Stories
$ 406.42 Maint. Fee
933 sqft
2007 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

111 33545 Rainbow Ave, Abbotsford, BC | MLS® R3046015 Property Details

LOCATION!LOCATION! Great 2 Bedroom, 2 bathroom plus Den, 2 parkings/1 storage!! In this popular Tempo. Great for investor and first time home buyers, and NO RENTAL RESTRICTIONS! with granite counter tops and maple cabinets.On the quiet side of the building, this is everything you could want in an apartment, it feels like downtown living, without the downtown pricing! Just 5 minutes drive to the Hospital, the University of Fraser Valley, quick access to the HWY 1. Close to the restaurants, shopping malls, Mill Lake Park.. ETC(Parking Stall 4 & Storage Locker 11)

General Info

Price $499,999
Total Bedrooms 2
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 933
Lot Size -
Lot Size Depth Feet
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 2007
Age Of Building 18
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Amenities Exercise Centre, Trash, Maintenance Grounds, Hot Water, Recreation Facilities
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3046015
Area Abbotsford
Neighbourhood Central Abbotsford
City Abbotsford
Gross Taxes $1,998.97
Ownership Type Freehold Strata
Maintenance Fee $406.42
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Trash, Maintenance Grounds, Hot Water, Recreation Facilities

Heating & Cooling

Fireplace -
Heating Type Baseboard

Utilities

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

Parking

Parking Type Underground
Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Dogs OK, Yes With Restrictions
Rental Restrictions 100
Zoning RML
Rental Suites -
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Carpet
Foundation Concrete Perimeter
Interior Features Elevator
Locker -
View -
View Description -
Units In Development -
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: Sutton Group - Vancouver First Realty

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
0.83 km
Elementary
Godson Elementary School
Average
0.96 km
5/10

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

Private Schools

Elementary, Secondary
Dogwood School
1.66 km
Elementary, Secondary
Dogwood School
1.66 km

Closest Transit

Bus Stop
McCallum at Rainbow (SB)
0.1 km
Skytrain
West Coast Express @ Mission City Station
10.75 km

Noise/ Power Lines

Road/Hwy Noise
Possible
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

Welcome to 111 33545 Rainbow Avenue in the heart of Abbotsford, BC! This beautiful property, listed under MLS® R3046015, is not only a stunning home but also a great place to call your family. Let's start with the schools, which are a top priority for many of us.

Godson Elementary School, located just 0.96 km from this property, has a rating of 5/10. Families love this area because of the excellent educational opportunities, and I assure you that the proximity to the school makes it an ideal choice for students of all ages. Just down the road, you'll find Abbotsford Senior Secondary School, with a rating of No Rating, and located a mere 0.83 km from this home.

If you're looking for an independent school option, I recommend checking out Dogwood School, which is the closest elementary independent school to this property. Although it has a rating of No Rating, it's an excellent choice for families who want a more personalized education experience. Similarly, Dogwood School is the closest secondary independent school, also with a rating of No Rating, located 1.66 km from this home.

Now, let's talk about crime statistics. According to the latest data from Statistics Canada (2020), this neighborhood has a below-average crime rate of 5,513.02 incidents per 100,000 population. This means that you can feel safe and secure in your home, knowing that the community is relatively low-risk. In fact, the year-by-year change in the total crime rate is -14.54%, indicating a steady decline in crime rates.

In terms of specific types of crime, the neighborhood surrounding MLS® R3046015 has a High rating for drug-related offenses, with a rating of 91.52 and 148 incidents in 2020. However, this is still a relatively low number compared to other neighborhoods. On the other hand, property crimes in the area are Average, with a rating of 3,290.50 and 5,321 incidents in 2020. Violent crime rates are also below average, with 2,027 incidents in 2020, a rate of 1,253.49, and a year-by-year change of 6.46%.

Now that we've covered the safety aspect, let's talk about the community. This neighborhood is conveniently located near the McCallum at Rainbow (SB) bus station, just 0.1 km away. Commuting to work or school is a breeze, making it an ideal choice for professionals and students alike.

In terms of demographics, 11.2% of the population in this neighborhood has a university certificate or degree, which is below average compared to other BC neighborhoods. However, 23.5% of the population has no certificate or degree, which is above average. The median household income is $66,048, which is average compared to the BC average. On the other hand, the median personal income is $25,957, which is low compared to the BC average.

Unemployment rates in the area are above average, at 9.8%. However, this is not unique to this neighborhood, as many areas in BC are experiencing similar unemployment rates. Population growth in the area is above average, with a 4% change between 2011 and 2016. This is an excellent sign for the local economy and community.

In terms of lifestyle, this neighborhood offers a range of amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals nearby. The average size of families in the area is 3, which is above average. The percentage of families with children is 66.3%, which is also above average. On the other hand, the percentage of married or living common law is below average, at 55.6%.

The average age of the population in the area is 37.5, which is below average compared to other BC cities. The average value of dwellings in the neighborhood is $524,251, which is above average compared to other areas in British Columbia. Owner payments are above average, with an average of $1,332 spent on dwellings. Tenants, on the other hand, pay an average of $1,080, which is average compared to other cities.

In terms of housing types, 48% of the population in the area are renters, which is high compared to other BC cities and areas. However, this is not necessarily a bad thing, as it indicates a diverse range of housing options available to residents.

Finally, let's talk about transportation. 1.8% of the population in the area uses public transport, which is low compared to other areas. However, 93.3% of the population uses cars, which is above average. 0.9% of the population

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 $499,999
Abbotsford $457,571
Central Abbotsford $453,288
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
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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