23.65 acres on Downes Rd and within the urban boundary of Abbotsford. Out of the ALR. A very unique property that deserves a keen vision for the future. Currently zoned CR Country Residential but in the OCP Land use as SSMUH-4 which allows up to 4 units per lot. The City of Abbotsford may look at higher density and or school/assembly use. The land is rolling with outstanding views to the north. There is a large ravine that dissects the property which creates several large building sites and would create a very special development. Property is currently used for farming and has a very livable older home plus several outbuildings. Very close to MEI and the soon to be built Khalsa School. Only 5 mins to the city center. Municipal water and sewer at the road. Appointments required to view the
General Info
Price
$11,500,000
Total Bedrooms
5
Total Bathrooms
2
Half Bathrooms
0
Floor Area Total (sqft)
2688
Lot Size
23.65
Lot Size Depth
Metres
Lot Size Frontage
1343.98
Basement
Full, Finished
Basement Features
-
Property Metrics
Year Built
-
Age Of Building
999
Building Type
Single Family Residence
Property Type
Residential
Architecture Style
Rancher/Bungalow w/Bsmt.
Stories
2
Building Features
-
Structures
Residential Detached
Additional Details
MLS® #
R3089087
Building Name
-
Area
Abbotsford
Neighbourhood
Matsqui
City
Abbotsford
Postal Code
V2T 1X3
Price per Sqft
$4,278
Gross Taxes
$1,103.63
Ownership Type
Freehold NonStrata
Maintenance Fee
-
Heating & Cooling
Fireplace
1
Heating Type
Forced Air
Utilities
Utility Type
Electricity Connected, Natural Gas Connected, Water 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
Middle
Colleen and Gordie Howe Middle School
1.81 km
Elementary
Clearbrook Elementary School
Average
1.03 km
5.9/10
Secondary
W J Mouat Secondary School
1.69 km
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Elementary
Cornerstone Christian School
0.9 km
Elementary, Secondary
Mennonite Educational Institute
1.35 km
Closest Transit
Bus Stop
Chilcotin at Nicola (SB)
0.74 km
Skytrain
West Coast Express @ Mission City Station
6.81 km
Crime Rate
Total Crime Rate
Below Average
Violent Crime Rate
Below Average
Property Crime Rate
Average
Demographics
Post-Secondary Education
Below Average
17.3%
No Certificate/Degree
Above Average
21.1%
Owner Occupied
Below Average
45.9%
Employment Rate
Average
58.5%
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$92
Maintenance fee0
A 20% down payment of $2,300,000 on this $11,500,000 listing yields an estimated mortgage of $43,922/month (30-year fixed, 4%). Total estimated housing cost: $44,014/month, $92 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 $23,920/month in estimated rental income against $44,588/month in mortgage payments, the monthly cashflow is -$20,668/month. A 58% 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
$11,500,000
Abbotsford
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Matsqui
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This $11,500,000 listing sits 130.7% above the Matsqui average of $4,984,666 for similar 5-bedroom Single Family Residences (5 active comparables).
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 32383 Downes Road, Abbotsford, BC?
The closest top-rated schools are Colleen and Gordie Howe Middle School and Clearbrook Elementary School.
Is 32383 Downes Road, Abbotsford, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 32383 Downes Road, Abbotsford, BC?
With a standard down payment, the estimated monthly mortgage is approximately $69,000.
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