5038 RIVERSIDE STREET

5038 RIVERSIDE STREET · Abbotsford, Matsqui · House · 4 bed · 3 bath · $2,699,900 · MLS R3118138

Abbotsford, British Columbia · Neighbourhood: Matsqui
C$2,699,900
For sale
5038 RIVERSIDE STREET

5038 RIVERSIDE STREET is located in Abbotsford (Matsqui). Property snapshot: House, 4 bed, 3 bath, listed at $2,699,900, MLS R3118138. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: -. BurnabyHouse Deal Score: 50/100. Cat

List Price: $2,699,900
MLS: R3118138
Bedrooms: 4
Bathrooms: 3
Interior Size: 2,312 sqft
Days on Market: -
Days on Site: 41
Deal Score: 50/100
Catchment Schools: Catchment schools include MATSQUI ELEMENTARY SCHOOL
Price History: Latest recorded list price 2699900.00

Local Decision Guide

How should buyers evaluate 5038 RIVERSIDE STREET?

Start by reading this listing in its Abbotsford Matsqui context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 5038 RIVERSIDE STREET?

This page shows a list price of $2,699,900 with MLS R3118138.

What type of home is this Abbotsford, Matsqui listing?

The page shows House, 4 bed, 3 bath at 5038 RIVERSIDE STREET. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about - days on market/site. Latest recorded list price 2699900.00.

Which catchment schools are associated with 5038 RIVERSIDE STREET?

Catchment schools include MATSQUI ELEMENTARY SCHOOL. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

What does the Deal Score of 50/100 mean?

Deal Score is a BurnabyHouse screening score based on list price, assessment, DOM, strata fees, rent yield and area-average signals. It helps with first-pass screening and does not replace inspection, financing, legal or municipal due diligence.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

2 Homes & Shop on 20 Acres - Income Potential! This versatile 20-acre property features a fully renovated 2,300+ sq ft main home with 4 bedrooms, along with a separate 3-bedroom cottage-ideal for extended family or rental income. A large 60' x 90' shop with 300-amp power, four storage containers, and an additional office building offers excellent space for business use, storage, or hobbies. City water connected. Set on 20 acres backing onto Mission Highway, the property provides privacy with newly built decks and fenced areas, while still being conveniently close to town, Gladwin Road, and local amenities. Suitable for development or truck parking. Survey report available. Possible to build new home upto 5200 sqft. Buyers to verify with city. Generating $8K rental income. (id:56153)

Property Details

House
Building Type
4
Bedrooms
3
Bathrooms
1972
Year Built
54 years
Age
41
Days on Site
857,696 sf
Lot Area
2,312 sqft
Interior Size
C$1,168
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29695602 (R3118138)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$2,699,900

Lot Area: 857,696 sf

PID: 001-084-992

Days on Site: 41 days

Added to BurnabyHouse: 2026-05-04

Updated on: 2026-05-27 08:02 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

MATSQUI ELEMENTARY SCHOOL ELEMENTARY
Public
33661 ELIZABETH AVENUE, Abbotsford, BC
Straight-line distance about 1.3 km
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Howard Wong Farms
About 857.2 m away
5486 Riverside Street
Choices Market
About 4.4 km away
3033 Immel Street
Shopping Centres
Skydive Vancouver
About 1.4 km away
5112 Gladwin Road
Abbotsford Flea Market
About 3.8 km away
Parks / Green Space
Willband Creek Park and Detention Pond
About 2.7 km away
Aspen Park
About 2.7 km away

Price History

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BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Wed, 27 May 2026 07:12:57 PM PDT

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