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33382 GEORGE FERGUSON Way
Central Abbotsford Abbotsford V2S 2L8

$6,700,000
Multi-Family Commercial

Main Photo: 33382 GEORGE FERGUSON Way in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8034050
Photo 1: 33382 GEORGE FERGUSON Way in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8034050
Photo 2: 33382 GEORGE FERGUSON Way in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8034050
Photo 3: 33382 GEORGE FERGUSON Way in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8034050
Photo 4: 33382 GEORGE FERGUSON Way in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8034050
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8034050
Build. Type:
Low Rise (2-4 stories)
Birchwood Manor Apartments; comprised of three rental apartment buildings with a combined 31 suites, situated on one large lot located at 33382 George Ferguson Way in the heart of Abbotsford, BC. Long regarded as one of the strongest rental markets in Canada with a 1.2% vacancy rate (CMHC 2019). The offering represents a unique repositioning opportunity to renovate suites upon turnover and re-lease them at market rents in a growing market. The three rental buildings are situated on a combined 45,270 Sq. Ft. land parcel fronting George Ferguson Way and is identified as part of a development corridor and the community plan proposed for Urban 1 Midrise allowing for a development consisting of six storeys and up to 2.5 FSR, providing an excellent future redevelopment opportunity for an investor. With the property being held in a bare trust and clear title, this is a barrier free asset to acquire for any investor.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Bldgs:
3
# Units:
31
# Storeys:
3.0
Year built:
1990 (Age: 30)
Land Use/Zoning:
RML
Taxes:
$21,895.6 / 2019
# Elevators:
0
Env Assmt Phase:
None
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  • Photo 1: 33382 GEORGE FERGUSON Way in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8034050
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  • Photo 2: 33382 GEORGE FERGUSON Way in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8034050
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  • Photo 3: 33382 GEORGE FERGUSON Way in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8034050
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  • Photo 4: 33382 GEORGE FERGUSON Way in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8034050
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Listed by CBRE Limited
Data was last updated September 28, 2020 at 02:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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