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. (id:13843)
| MLS # | R3162704 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1954 |
| Days On Site | 54 |
| Listing Provided By | RE/MAX Magnolia | Faeine Grant |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 3,920 |
| Garage | 6 |
| Acreage | 0.57 |
| Heating | Natural gas |
|---|---|
| Fireplace Yes / No | No |
| Parking Features | Garage |
|---|---|
| Parking Total | 6 |
| Utilities | Water, Electricity |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
| Tax Annual Amount | 13323.11 |
|---|---|
| Tax Year | 2026 |
| Province | BC |
|---|---|
| City | Abbotsford |
| Postal Code | V2S3Z8 |
| Listing VS Median (in V2S3Z8) | |
Price: $2,980,000 low | high Med: $2,189,500 sqft: 3,920 low | high Med: 3,053 $ / sqft: $760 low | high Med: $700 On site: 54 low | high Med: 175.5 | |
| Province | BC |
|---|---|
| City | Abbotsford |
| Postal Code | V2S3Z8 |
| Listing VS Median (in V2S3Z8) | |
Price: $2,980,000 low | high Med: $2,189,500 sqft: 3,920 low | high Med: 3,053 $ / sqft: $760 low | high Med: $700 On site: 54 low | high Med: 175.5 | |