2294 Mckenzie Road, Abbotsford, BC, photo 1

$2,980,000

2294 Mckenzie Road, Abbotsford, BC V2S 3Z8

MLS® R3162704

Bedrooms

Bathrooms

3,920

Sq Ft

Description

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.

Property

Property type: Residential Income
Style: Other
Structure: Multi Family
Architectural style: Other
Year built: 1,954
Age: 72 years
Ownership: Freehold NonStrata
Levels: 1

Interior

Bedrooms: 8
Bathrooms: 8
Full bathrooms: 8
Half bathrooms: 0
Living area: 3,920 sq ft
Main floor finished area: 3,920 sq ft
Basement: None
Laundry: Common Area

Systems

Heating: Natural Gas
Security: No Fire Sprinkler System, No Smoke Detector(s)

Lot and parking

Lot size: 25,000 sq ft
Lot dimensions: 250 x
Lot features: Central Location, Cul-De-Sac, Recreation Nearby, Wooded
Road surface: Paved
Parking spaces: 6
Parking: Garage Double, Front Access
Garage spaces: 2
Carport spaces: No

Strata and restrictions

Strata fee: No
Age restriction: No

Costs

Annual property tax: $13,323
Tax year: 2,026
Land lease: No

Location

Area: Abbotsford
Neighbourhood: Central Abbotsford
Waterfront: No

Listed by Faeine Grant - PREC, RE/MAX Magnolia

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