Homestead Estates
32101 Mt. Waddington Avenue, Abbotsford, BC
FOR SALE
Property Details
- Total Site Size 50,529.60 sf (1.16 acres)
- Zoning RML - Low Rise Apartment Zone
- Year Built 1998
- Storeys 4
- Units 63 stratified units
- Suite Mix 1 Bed:3 | 1 Bed + Den: 3 | 2 Bed + 2 Bath: 57
- Parking Surface: 19 stalls | Parkade: 85 stalls
- Land Use Designation Urban 1-Midrise (2-2.5 FSR)
- Pricing Guidance $18,500,000
Opportunity
Avison Young is pleased to market for sale, Homestead Estates, located at 32101 Mt. Waddington Ave, Abbotsford BC (the “Property”). The Property is situated in Abbotsford’s Clearbrook neighbourhood, offering a central location, convenient access to quality schools, major shopping centers, and South Fraser Way, with immediate access to Hwy 1.
As an investment, Abbotsford provides economic stability in a rapidly growing city with rental income upside and long term appreciation. It also provides immediate access to the Abbotsford Airport providing both domestic and international flights for travelers.
This Offering is an extremely rare opportunity to buy a strata-titled rental building with significant scale in the Abbotsford market.
Investment Highlights
63 strata-titled rental apartment units providing scale for investors
Well maintained building with minimal cap ex required
Investment provides a favorable price per square foot making it ideal to sell the units individually
One of the few strata-titled rental properties in Abbotsford
Renovated common areas and lobby
Suites provide the infrastructure to install both washers and dryers for in-suite laundry
