Levi Court
33499 Marshall Road, Abbotsford, BC
FOR SALE
Property Details
- Lot Size 41,382 sf
- Zoning RM45 - Medium Density Townhouse Zone
- Land Use Designation Urban 1 - Midrise | 2 - 2.5 FSR
- Year Built 1970
- Storeys 2
- Units 15
- Suite Mix 3-Bed-2-Bath 15
- Net Rentable Area 27,000 sf
- Parking Surface: 48 | Visitor: 6
- Stabilized Net Operating Income $324,833
- Pricing Guidance Contact Listing Agents
Opportunity
The Avison Young Multi-Family Team is excited to present Levi Court located at 33499 Marshall Road (“The Property”). The Property is a well-located 15-unit building on a spacious 41,382 sf lot, offering exceptional value-add potential. The property features generously sized units with basements and has been upgraded with modern finishes, creating a desirable living environment.
Located in a high-demand area, Levi Court offers a strong foundation for future income growth, including opportunities to increase rents to market value and further enhance the property. This investment provides both immediate cash flow and substantial long-term upside, making it an ideal opportunity for savvy investors.
Investment Highlights
Building consists of large 3 bedroom units that are 1,800 sf with basements
Tenants pay for all utilities further reducing costs for ownership. The building also features several upgrades including new patios, windows and suite renovations.
Property sits on an ample 41,382 sf lot ideally suited for a future development
There are 54 covered and surface parking for both tenants and visitors
Further upside on income based on the below market rents and increased parking revenue
