RARE INVESTMENT & DEVELOPMENT OPPORTUNITY! Situated on a 25,000 sq. ft. lot with approx. 250 ft. of frontage, this property offers income today with future upside. Currently improved with 8 one-bedroom rental units generating approx. $10,000/month gross income. A conceptual 6-lot subdivision and servicing plan has been prepared, offering exciting future…
RARE INVESTMENT & DEVELOPMENT OPPORTUNITY! Situated on a 25,000 sq. ft. lot with approx. 250 ft. of frontage, this property offers income today with future upside. Currently improved with 8 one-bedroom rental units generating approx. $10,000/month gross income. A conceptual 6-lot subdivision and servicing plan has been prepared, offering exciting future development potential. Hold and collect revenue while exploring redevelopment possibilities. Buyer to verify development potential and requirements with the City of Abbotsford.
Features
Garage Double
Front Access
Room measurements24 rooms▸
Family RoomMain · 12' × 20'
KitchenMain · 12' × 20'
BedroomMain · 12' × 12'
Family RoomMain · 12' × 20'
KitchenMain · 12' × 20'
BedroomMain · 12' × 12'
Family RoomMain · 12' × 20'
KitchenMain · 12' × 20'
BedroomMain · 12' × 12'
Family RoomMain · 12' × 20'
KitchenMain · 12' × 20'
BedroomMain · 12' × 12'
Family RoomMain · 12' × 20'
KitchenMain · 12' × 20'
BedroomMain · 12' × 12'
Family RoomMain · 12' × 20'
KitchenMain · 12' × 20'
BedroomMain · 12' × 12'
Family RoomMain · 12' × 20'
KitchenMain · 12' × 20'
BedroomMain · 12' × 12'
Family RoomMain · 12' × 20'
KitchenMain · 12' × 20'
BedroomMain · 12' × 12'
Floor plan
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Property Details
MLS NumberR3162704
Property TypeOther
Bedrooms8
Bathrooms8
Square Feet3,920
Lot Size25,000 sqft
Year Built1954
Parking Spaces4
HeatingNatural Gas
Days on Market22
StatusActive
Listed ByRE/MAX Magnolia
School Catchment
ElementaryAlexander Elementary
MiddleAbbotsford Middle
SecondaryAbbotsford Senior Secondary
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$552,000Median home value
$67,000Median household income
39.3%Owner-occupied
24.2%Single-detached homes
2.2Avg household size
35.2Median age
20.9%Bachelor's degree or higher (25-64)
69.8%Commute under 30 min
89.2%Drive to work
21.2%Foreign-born residents
5,388Neighbourhood population
Age
Under 1516%
15 to 6472.4%
65 and over11.6%
Household size
1 person36.9%
233.3%
313%
49.3%
5 or more7.5%
Language spoken at home
71.5% English mother tongue
Punjabi8.5%
English + other3.3%
Spanish1.5%
Mandarin1.4%
Tagalog1.4%
Arabic1.1%
All others11.3%
Mother tongue, share of 5,385 residents.
How this pocket differs
notably fewer seniors 65+ than Central Abbotsford 11.6% vs 26.3%
notably fewer Punjabi speakers than Central Abbotsford 8.5% vs 13.6%
Median household income is lower than Abbotsford-Mission $67,000 vs $91,000
Median dwelling value is notably lower than Abbotsford-Mission $552,000 vs $850,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
Land & Development
Lot size25,152 sqft
Lot dimensions60 × 250 ft
Lot shapeIrregular
Approximate lot lines (ParcelMap BC)
Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.
Monthly Cost Calculator
Estimated monthly cost$15,521
Mortgage payment$14,111
Property tax$1,110
Home insurance$300
Partner Rates Available
Contact us for preferred mortgage rates
Monthly cost
Estimated monthly$15,521
$2,530,000$3,430,000
20%50%
3.18%7.18%
5 years30 years
$10,623/yr$16,023/yr
$240/mo$360/mo
An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax.
5-year fixed, as of Sep 28
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