Jacob's Court
33509 Marshall Road, Abbotsford, BC
FOR SALE
Property Details
- Lot Size 21,049 sf
- Zoning RM60 - High Density Townhouse Zone
- Land Use Designation Urban 1 - Midrise | 2-2.5 FSR
- Year Built 1987
- Storeys 3
- Units 12
- Suite Mix 1-Bed-1-Bath: 1 | 2-Bed-1-Bath: 11
- Net Rentable Area 9,600 sf
- Average Unit Size 800 sf
- Parking Surface: 17 | Visitor: 3
- Stabilized Net Operating Income $153,276
- Pricing Guidance Contact Listing Agents
Opportunity
The Avison Young Multi-Family Team is pleased to present Jacob’s Court at 33509 Marshall Road (“The Property”). This well-maintained 12-unit building sits on a 21,049 sf lot, ideally positioned for future development and long-term value.
Recent capital upgrades, including double-pane windows, a new roof, and suite renovations, minimize near-term expenses. The spacious 796 sf units, mostly two-bedroom, are currently leased below market, offering immediate potential for rental income growth through targeted upgrades. Located in a high demand area, Jacob’s Court offers a strong cash flow, significant rental upside, and future redevelopment potential, making it an ideal addition to any investment portfolio.
Investment Highlights
Well maintained building with major capital upgrades completed including double pane windows, new roof and suite upgrades
Favorable suite mix that features large units averaging 796 sf with the majority being 2 bedrooms
Each unit has their own hot water tank and tenants pay all of their own utilities
Property is on a 21,049 sf lot ideally suited for a future development
Many suites are currently leased at belowmarket rents, offering potential to increase rental income through strategic upgrades
