For Sale
$3,450,000

3rd Reading Condo Site in Abbotsford

33715 George Ferguson Way & 2661 Trinity Street
Historic Downtown, ABBOTSFORD

0.38 ACRE | Residential Development Land

The Opportunity

3rd Reading Condo Site in Abbotsford

This offering is an opportunity to acquire a 40 unit, 3rd reading condo site in the Historic Downtown neighbourhood of Abbotsford. This up-and-coming, walkable neighbourhood is home to many boutique stores and trendy restaurants while also providing convenient access to schools, parks, a library, and Highway 1. The property is flat, lightly treed and currently contains a small home.

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Summary

Property
Attributes

Land Size

0.38 acre

Land Use Designation

Urban 1 - Midrise

Price

Sale Price

$3,450,000

Location

33715 George Ferguson Way & 2661 Trinity Street
Historic Downtown, ABBOTSFORD

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Property
Features

3rd reading was obtained on January 30, 2020 for a 6 storey apartment building containing 40 units. The units range in size from 620 to 1,211 square feet, with an average unit size of 880 square feet. The project requires 2 levels of underground parking and minimal offsite servicing.

About The
Location

The subject site is centrally located in Abbotsford’s Historic Downtown, which is home to many independent restaurants, cafes, shops, and a brewery – all only minutes away from the subject site giving it a walk score of 74 (very walkable). The recent adoption of the Historic Downtown Neighbourhood Plan is guiding the area’s ongoing redevelopment while maintaining the neighbourhood’s unique characteristics and charm. Highway 1 and Highway 11 (Abbotsford-Mission Highway) are both within a 5 minute drive, providing quick access across the Lower Mainland and to the US border.