Multi-family for sale

33941 Essendene Avenue, Central Abbotsford, Abbotsford

$6,000,000 or
$6,000,000 or

Multi-family for sale

33941 Essendene Avenue, Central Abbotsford, Abbotsford

Features

Lifestyle
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Year Built
1965
Floor Area
20,000 sqft
Lot Size
52,707 sqft
Gross Property Tax
$21,132.28 /year
Building Type
Freestanding, Low Rise (2-4 storeys)
Zoning
RML
Suite Mix Information
25 x 2 ½
Total no. of Units
25
Financial Summary
$249,092
86

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 2-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!
MLS® Number C8061599

Listing REALTOR®

Fraser Elliott, REALTOR<sup>®</sup>

Fraser Elliott

REALTOR®

The Firm Real Estate Services Ltd.

The Firm Real Estate Services Ltd.,

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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