Fraser Ridge
33555 South Fraser Way, Abbotsford, BC
FOR SALE
Property details
- Lot size 46,347 sf (1.06 acres)
- Zoining CHR (Commercial High Rise Zone)
- Building size 66,677 sf
- OCP Designation Urban Centre - Mixed Use
- Storeys 12
- Year built 1969
- Units 69 Residential | 11 Commercial
- Pricing guidance Contact listing agents
Opportunity
Avison Young & Stonehaus are pleased to present Fraser Ridge, located at 33555 South Fraser Way, Abbotsford, BC (the "Property"). Fraser Ridge is a 12-storey concrete rental apartment building that features 69 residential units above 11 commercial retail units at ground level. The property has been professionally managed and well-maintained by the current ownership. Close to $1 million has been spent on capital improvements, including a newly renovated lobby and upgrades to the above-ground parking infrastructure.
As an investment, Abbotsford’s robust economic growth, coupled with its proximity to Vancouver, makes it an ideal location for both short-term rental income and long-term property value appreciation. The city has seen significant development in recent years, attracting new businesses and residents, which has further boosted the demand for rental housing. With its expanding infrastructure, growing population, and strong rental market, Abbotsford represents an excellent opportunity for investors seeking both stability and growth.
This offering provides a rare opportunity to acquire one of the few concrete rental apartment buildings in Abbotsford, a market that continues to have limited availability in the multi-family sector.
