An opportunity to acquire a shovel ready apartment site in the heart of Abbotsford. Site is approved for 12-unit apartment building and qualifies for CMHC’s Apartment Construction Loan Program! Efficiently designed with surface parking – no underground parking! This is the perfect opportunity to build a rental asset to build wealth for the future. The site is in the City Centre and within walking distance to all amenities with public transit at your doorstep. The area is undergoing tremendous changes with multifamily development as noted by the Jem building just east of this site.
General Info
Price
$1,389,900
Total Bedrooms
-
Total Bathrooms
-
Half Bathrooms
-
Floor Area Total (sqft)
-
Lot Size
10275
Lot Size Depth
Feet
Lot Size Frontage
75
Basement Features
-
Property Metrics
Year Built
-
Age Of Building
-
Building Type
-
Property Type
Land
Stories
-
Building Features
-
Structures
Land Only
Additional Details
MLS® #
R3086290
Building Name
-
Area
Abbotsford
Neighbourhood
Abbotsford West
City
Abbotsford
Postal Code
V2T 2K6
Price per Sqft
-
Gross Taxes
$7,285.34
Ownership Type
Freehold NonStrata
Maintenance Fee
-
Community Features
Near Shopping
Fixtures Included
-
Heating & Cooling
Fireplace
-
Utilities
Utility Type
Sanitary Sewer Public, Storm Sewer At Lot Line, Electricity At Lot Line, Natural Gas At Lot Line, Natural Gas Connected, Cable Connected
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Neighborhood & Transit Info
Public Schools
Elementary
John Maclure Community School
Average
1.19 km
6.3/10
Middle
Colleen and Gordie Howe Middle School
0.53 km
Secondary
W J Mouat Secondary School
0.73 km
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Elementary
St James
1.82 km
Secondary
St. John Brebeuf
1.83 km
Closest Transit
Bus Stop
George Ferguson 32080 block (WB)
0.05 km
Skytrain
West Coast Express @ Mission City Station
9.10 km
Crime Rate
Total Crime Rate
Below Average
Violent Crime Rate
Below Average
Property Crime Rate
Average
Demographics
Post-Secondary Education
Below Average
14.3%
No Certificate/Degree
Above Average
26.3%
Owner Occupied
Below Average
54.9%
Employment Rate
Below Average
49.8%
Noise/ Power Lines
Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely
Other
Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely
Local Info
Estimated Mortgage Calculator
/month
Principal & Interest
Property Taxes$607
Maintenance fee0
A 20% down payment of $277,980 on this $1,389,900 listing yields an estimated mortgage of $5,308/month (30-year fixed, 4%). Total estimated housing cost: $5,915/month, $607 property tax.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:
Estimated Cashflow Calculator
/month
Mortgage Payment
Monthly Payment
Break Even Down Payment0%
With $4,336/month in estimated rental income against $6,092/month in mortgage payments, the monthly cashflow is -$1,756/month. A 47% down payment would reach break-even.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Home Price Evaluation Chart
This Home
$1,389,900
Abbotsford
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Abbotsford West
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Comparable data is unavailable at the neighbourhood level. City-wide in Abbotsford, similar Lands average $1,050,322 across 9 active listings — this listing is 32.3% above the Abbotsford average.
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Property FAQs
What are the closest top-rated schools to 32076 George Ferguson Way, Abbotsford, BC?
The closest top-rated schools are John Maclure Community School and Colleen and Gordie Howe Middle School.
Is 32076 George Ferguson Way, Abbotsford, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 32076 George Ferguson Way, Abbotsford, BC?
With a standard down payment, the estimated monthly mortgage is approximately $8,339.
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