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33476-33514 Mayfair Avenue

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Address: 33514 Mayfair Ave, Abbotsford, BC V2S 1P5, Canada

Canada + Apartment Buildings

Created date: November 14, 2024

Date last updated: November 14, 2024

NO RESTRICTIONS
There is no rental replacement required based on the zoning. Developers can build condo or purpose built rental at their discretion.
PRIME ABBOTSFORD LOCATION
Properties are fronting Mayfair Avenue and located in the Marshall-McCallum neighbourhood. The portfolio is situated within close proximity to Highway 1 and first class amenities including shopping centers, parks, hospitals and schools.
HOLDING INCOME
All three properties are rented out to quality tenants providing holding income in preparation for a development.
IDEAL DEVELOPMENT SITE
The property features an attractive land size situated on a flat lot with mountain views to the North.
CLEAR TITLE
Purchasers can expect clear title upon closing.

Property Description

This rare opportunity provides flexibility by offering a wide range of development projects that can be built on this site in one of the most sought after neighborhoods in Abbotsford. Additionally, the on-site properties provide ample holding income with further upside on the in-place rents to reduce the overall cost as the purchaser prepares for their development. The three properties are situated on a combined 32,655 sf total land parcel with access from Mayfair Avenue. The site is identified as part of the community plan proposed for Urban 1 Mid-rise, allowing for immediate development consisting of upwards of six storeys and up to a 2.5 FSR, providing excellent development potential.