2048 Olive Way
Central Abbotsford
Abbotsford
V3V 0B6
$899,000
Residential
beds: 3
baths: 2.0
1,632 sq. ft.
built: 1957
**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:
Property Type:
Residential
Dwelling Type:
Single Family Residence
Home Style:
Basement Entry, Two Levels
Ownership:
Freehold NonStrata
Manufactured Type:
Signup
Year built:
1957
(Age: 68)
Living Area:
1,632 sq. ft. 152 m2
Floor Area - Unfinished:
Signup
Floor Area - Detached 2nd Residence:
Signup
Building Area - Total:
1,632 sq. ft. 152 m2
Levels:
Two
Rainscreen:
Signup
Bedrooms:
3
(Above Grd: 1)
Bathrooms:
2.0
(Full:2/Half:0)
Kitchens:
Signup
Rooms:
Signup
Taxes:
$3,858.3 /
2024
Lot Area:
5,564 sq. ft. 517 m2
Lot Frontage:
52' 15.8 m
Lot Details:
52 x
Exposure / Faces:
Signup
Rear Yard Exposure:
Signup
Outdoor Area:
Fenced, Garden
Pad Rental:
Signup
# or % of Rentals Allowed:
Signup
Water Supply:
Signup
Plan:
NWP14950
Additional Info:
Construction Materials:
Frame Wood, Mixed (Exterior)
Foundation:
Signup
Basement:
Signup
Full Height:
Signup
Crawl Height:
Signup
Roof:
Signup
No. Floor Levels:
2.0
Floor Finish:
Signup
Floor Area Fin - Above Grade:
Signup
Floor Area Fin - Above Main:
0 sq. ft. 0 m2
Floor Area Fin - Above Main 2:
0 sq. ft. 0 m2
Floor Area Fin - Main:
816 sq. ft. 75.8 m2
Floor Area Fin - Below Main:
Signup
Floor Area Fin - Below Grade:
Signup
Floor Area Fin - Basement:
Signup
Floor Area Fin - Total:
1,632 sq. ft. 152 m2
Heating:
Signup
Fireplaces:
0
Patio And Porch Features:
Patio
Parking Features:
Open
Parking:
Open
# Of Parking Spaces - Total:
Signup
# Of Covered Spaces:
Signup
Flood Plain:
Signup
Suite:
Signup
Interior Features:
Guest Suite, Storage
Exterior Features:
Garden, Playground
Amenities:
Garden, Playground, Laundry In Unit, Guest Suite, Storage
Entry Location:
Exterior Entry
Features Included:
Laundry In Unit, Storage
Laundry Features:
In Unit
Other Details:
Council Approval:
Signup
Income Per Annum:
Signup
Oper. Expenses:
Signup
Net Operating Income:
Signup
Age Restrictions:
No
GST Included:
Yes
Tax Utilities Included:
false
Dist to Public Trans:
Signup
Dist to School Bus:
Signup
Property Disclosure:
Signup
Fixtures Leased:
Signup
Fixtures Removed:
Signup
Home Owners Association:
No
Land Info:
Land Lease:
No
Zoning:
Signup
Access to property:
Signup
Utilities:
Electricity Connected, Water Connected
Telephone Service:
Signup
Electricity:
Yes
Fencing:
Signup
Sewer:
Public Sewer, Sanitary Sewer, Storm Sewer
Plumbing Details:
Signup
Sketch Attached:
Signup
Restrictions:
Signup
View of front of house with driveway and a metal roof
View of front of home featuring asphalt driveway and a metal roof
Back of property with a patio and a gate
Living room featuring light wood-style floors
Kitchen featuring white appliances, healthy amount of natural light, decorative backsplash, light countertops, and recessed lighting
Kitchen with white appliances, under cabinet range hood, light wood-style floors, white cabinetry, and recessed lighting
Bar area featuring light wood-style floors and recessed lighting
Bedroom with recessed lighting, wood finished floors, and a baseboard radiator
Bedroom featuring light wood-style flooring, a spacious closet, ensuite bathroom, and a closet
Spacious closet featuring wood finished floors
Bedroom with light wood-style floors
Full bath with vanity, a tile shower, wood finished floors, and a bathtub
Bedroom with wood finished floors and recessed lighting
Bathroom with tile walls and toilet
Bedroom with light wood-style floors and recessed lighting
Bathroom featuring toilet
Office with wood finished floors and recessed lighting
Full bathroom featuring vanity, a stall shower, and tasteful backsplash
Kitchen featuring white electric stove, island range hood, healthy amount of natural light, and recessed lighting
Kitchen featuring island range hood, white appliances, white cabinets, light countertops, and light wood-style floors
Kitchen with white appliances, island exhaust hood, light wood-style flooring, white cabinets, and light countertops
Fenced backyard featuring a trampoline and a playground
View of yard with a patio
Exercise room with a garage
Laundry area featuring cabinet space, washer and clothes dryer, light wood-type flooring, and recessed lighting
Aerial overview of property's location featuring nearby suburban area
Aerial overview of property's location featuring a mountain backdrop
Aerial view of residential area
Aerial view of property's location featuring mountains and nearby suburban area
Aerial view of residential area
Aerial view of property and surrounding area with a mountainous background
Listed by Century 21 Coastal Realty Ltd.
Data was last updated July 16, 2025 at 02:40 PM (UTC)
Area Statistics
Max list price:
$3,999,900
Avg price per sq.ft.:
$496.97
