Multi-family for sale
33941 Essendene Avenue, Central Abbotsford, Abbotsford
$6,000,000
Features
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
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