+16 more
$2,980,000
Listed by: RE/MAX Magnolia · MLS®
RARE INVESTMENT & DEVELOPMENT OPPORTUNITY! Situated on a 25,000 sq. ft. lot with approx. 250 ft. of frontage, this property offers income today with future upside. Currently improved with 8 one-bedroom rental units generating approx. $10,000/month gross income. A conceptual 6-lot subdivision and servicing plan has been prepared, offering exciting future development potential. Hold and collect revenue while exploring redevelopment possibilities. Buyer to verify development potential and requirements with the City of Abbotsford.
MLS® #
R3162704
Status
Active
Type
Residential Income
Sub-type
Other
Style
Other
Ownership
Freehold NonStrata
Bedrooms
8
Full Baths
8
Half Baths
0
Living Area
3,920 sqft
Main Floor
3,920 sqft
Lot Size
25,000 sqft
Lot Dimensions
250 x
Frontage
250
Year Built
1954
Age
72 years
Structure
Multi Family
Parking Stalls
6
Garage Spaces
2
Parking Type
Garage Double, Front Access
Taxes
$13,323.11/yr
MLS® Area
Central Abbotsford
City
Abbotsford
Postal Code
V2S 3Z8
Heating
Natural Gas
Laundry
Common Area
Security
No Fire Sprinkler System · No Smoke Detector(s)
Lot Features
Central Location, Cul-De-Sac, Recreation Nearby, Wooded
Coordinates: 49.043614, -122.284330 · Map data © Google
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Not in the Agricultural Land Reserve.
The listing’s flood plain disclosure is available to registered users. Create a free account or sign in.
ALR from the Agricultural Land Commission via DataBC (point check at the listing’s mapped location). Flood plain is the listing brokerage’s disclosure. Confirm both with the municipality and your lawyer.
MLS® R3177858 · Listed by Century 21 Coastal Realty Ltd.
Building permit history is currently available for City of Vancouver properties only.
