Multi Family

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33941 ESSENDENE Avenue
Central Abbotsford Abbotsford V2S 2J1

$6,000,000
Multi-Family Commercial

Main Photo: 33941 ESSENDENE Avenue in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8061599
Photo 1: 33941 ESSENDENE Avenue in Abbotsford: Central Abbotsford Multi-Family Commercial for sale : MLS®# C8061599
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8061599
Build. Type:
Freestanding
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 studio, 1, 2, and 3-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!
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Freestanding, Low Rise (2-4 stories)
Name of Complex/Subdivision:
# Units:
25
# Other Units:
# of Appartments:
25
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
0
# of 2 Bedroom Appartments:
25
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1965 (Age: 59)
Total Floor Area:
20,000 sq. ft.
Lot Area:
1.21 acre(s)
Land Use/Zoning:
RML
Taxes:
$21,132.28 / 2023
Services Connected:
Electricity, Fully Serviced, Garbage Collection, Sanitary Sewer, Sewer - Storm
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by The Firm Real Estate Services Ltd.
Data was last updated November 3, 2024 at 06:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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