Abbotsford, British Columbia V2S4G8
$1,014,813
MLS® R3120038
3
Bedrooms
2
Bathrooms
1,664 square feet
Living Area
1970
Year Built
Single Family
Type
8,637 square feet
Lot Size
7
Parking
Exceptional 1.53-acre land assembly opportunity in one of Abbotsford's most desirable growth corridors. LOCATED ON 2 ROAD FRONTAGES. Combined site area totals 66,782 sq. ft. with city staff support for an Official Community Plan amendment from Urban 2 Ground Oriented to Urban 1 Midrise, allowing potential for a 6-storey residential development. At 2.5 FSR, the site offers approximately 166,955 buildable sq. ft. Offered at approximately $47/buildable sq. ft., presenting exceptional value for developers and investors. Prime location close to schools, shopping, parks, transit, and quick access to Highway 1, making it ideal for a future multifamily project in a high-demand area. Strong development upside supported by city staff for increased density, positioning this as a rare development opportunity in Abbotsford's growing residential market. (id:65701)
Listed by
Royal LePage Global Force Realty
Fraser Valley
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