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Winston Chan
Sothebys International Realty Canada

Multifamily Development Site

32345-32363 George Ferguson Way, Abbotsford, BC

  • CA$11,950,000
  • 0 BEDS
  • 0 BATHS
  • 31,253.58 sq.ft. Home
  • 32345-32363 George Ferguson Way, Abbotsford, BC
  • 0 BEDS
  • 0 BATHS
  • 31,253.58 sq.ft. Home
  • CA$11,950,000

Key Facts

  • MLS® #: R2877471
  • Secondary MLS® #: C8059638
  • Property ID: SIRC1810412
  • Property Type: Lots & Land, Land - Multi-Family Acreage
  • Living Space: 31,253.58 sq.ft.
  • Lot Size: 0.72 sq.ft.
  • Municipal Taxes 2023: $20,838

Property Description

Developer alert, presenting the offering of 0.72 acres of high-traffic land in Abbotsford's Clearbrook neighbourhood. This offering consists of two parcels - 32345 George Ferguson Way and 32363 George Ferguson Way. This development site is centrally located on a high-traffic street one minute away from commercial amenities (Gas Stations, Restaurants, Pharmacies, Retail). Although currently zoned RS-3 (Residential), the current NCP has this site designated for Urban Midrise (four to six stories). A rezoning application (#PRJ19-088) is currently underway to rezone from RS-3 to RMM (Residential Multifamily). The current application is for two six storey apartment buildings with 93 units. This site has no structures and consists of cleared, flat land with trees. Arborist report available. The perfect development site for a purpose-built rental project and to take advantage of BC Government incentives for rental multifamily construction.

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Amenities

  • New Development

Listing Agents

  • Paul Hague
  • Nicole Eastman

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Location

32345-32363 George Ferguson Way, Abbotsford, British Columbia, V2T 2L2 Canada

Around this property

Information about the area within a 5-minute walk of this property.

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Area Description

Located in central Abbotsford on high traffic George Ferguson Way. Abbotsford is a charming, agriculture-focused city that is fast growing and fast developing.

Marketed By

Sotheby’s International Realty Canada
Suite 210 - 858 Beatty Street
Vancouver, British Columbia, V6B 1C1

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Winston Chan

Personal Real Estate Corporation

604.767.3221
wchan@sothebysrealty.ca

Office Phone: 604.632.3300
Toll Free: 1.877.236.8800
Fax: 604.608.0330

Suite 210 - 858 Beatty Street,
Vancouver, V6B 1C1

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