$4,598,000

For sale

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HILLCREST Avenue, Abbotsford - Multi-family for Sale

HILLCREST Avenue, Abbotsford, British Columbia, V2T1T3

Listed 83 days ago

33938 GEORGE FERGUSON Way, Abbotsford, British Columbia, V2S2M9

Listed by Royal LePage West Real Estate Services

33946 GEORGE FERGUSON Way, Abbotsford, British Columbia, V2S2M9

For sale

64 days ago

$1.50M

33946 GEORGE FERGUSON Way, Abbotsford, British Columbia, V2S2M9

Listed by Royal LePage West Real Estate Services

2549 MONTVUE Avenue, Abbotsford, British Columbia, V2S3V2

For sale

167 days ago

$3.98M

2549 MONTVUE Avenue, Abbotsford, British Columbia, V2S3V2

Listed by Coldwell Banker Executives Realty

2489 PARKVIEW Street, Abbotsford, British Columbia, V2T3K8

For sale

310 days ago

$1.30M

2489 PARKVIEW Street, Abbotsford, British Columbia, V2T3K8

8 bd4 ba3,800 ft²Lot size 7,920 sq ft (0.18 ac)

Listed by Nationwide Realty Corp.

Investment analysis

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$4,598,000

Abbotsford

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Description

Court-ordered sale. Rare opportunity to acquire a 29,086 SF development site comprised of three properties at 32372 & 32364 Hillcrest Avenue and 2558 Adelaide Street in Abbotsford. Designated Urban 1 - Midrise in the OCP, the site supports multifamily residential development within Abbotsford's Urban Core, close to amenities, transit, shopping, parks, and healthcare services. Currently zoned RS3 (Urban Residential), with a rezoning application to CD N100 having received Third Reading. Proposed redevelopment includes an 89-unit apartment project across two 6-storey buildings totaling approximately 70,605 SF GBA. Extensive planning work completed, including DP drawings, servicing and landscape plans, environmental studies, and rezoning approvals. Convenient access to Highway 1, South Fraser Way, Clearbrook Road, and Mount Lehman Road. Buyer to verify all development potential, approvals, and municipal requirements. (id:66096)

$4,598,000

For sale

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Down Payment20% · $919,600

Min 20%50%

Mortgage payment$19,609/mo

Property tax (est.)$375/mo

Total monthly$19,984

Cash Needed to Close

Down payment (20%)$919,600

Land transfer tax$115,940

Est. closing costs$16,294

Total cash needed$1,051,834

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HILLCREST Avenue, Abbotsford - Multi-family for Sale

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