32101 Mt Waddington Av - Apartments FOR SALE


Abbotsford, BC V2T 6S5
$18,500,000 CAD
604-687-7331
32101 Mt Waddington Av, Abbotsford, BC for Sale
$18,500,000 CAD
Apartments - FOR SALE
1/6
null | Request Cap Rate

32101 Mt Waddington Av
Abbotsford, BC V2T 6S5


HIGHLIGHTS

  • Suites provide the infrastructure to install both washers and dryers for in-suite laundry
  • Renovated common areas and lobby
  • One of the few strata-titled rental properties in Abbotsford
  • Investment provides a favorable price per square foot making it ideal to sell the units individually
  • Well maintained building with minimal cap ex required
  • 63 strata-titled rental apartment units providing scale for investors

OVERVIEW

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

FOR SALE DETAILS

PRICE

$18,500,000 CAD

PRICE/SF

$298 CAD /SF

# OF UNITS

63

PRICE/UNIT

$293,651

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,586 SF

ZONING

RML

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kevin MurrayAvison YoungMore Info
604-687-7331

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Kevin MurrayAvison YoungMore Info
604-687-7331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.