$4,625,000
$6,000,000
22.9%For more information regarding the value of a property, please contact us for a free consultation.
20,000 SqFt
SOLD DATE : 10/23/2024
Key Details
Sold Price $4,625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $231
Subdivision Central Abbotsford
MLS Listing ID C8061599
Sold Date 10/23/24
Year Built 1965
Annual Tax Amount $21,132
Tax Year 2023
Property Description
Discover a prime investment opportunity featuring a well-maintained 25-unit low-rise rental property with redevelopment potential. This income-generating asset includes a mix of studio, 1, 2, and 3-bedroom units strategically located in a high-demand area, ensuring stable returns and long-term growth potential. With a designation of 2.0 FSR in the Urban 1 Midrise zone, this property allows for 6 stories to be built with a total of 105,414 of buildable SF. Many of the units will have unobstructed east-facing views!
Location
Province BC
Community Central Abbotsford
Area Abbotsford
Zoning British Columbia Default Zone
Region Fraser Valley
City Region Fraser Valley
Exterior
Roof Type Tar & Gravel
Building
Story 3
Water Municipal
Structure Type Wood Frame
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