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32101 Mt Waddington Av 63 Unit Apartment Building $18,500,000 CAD ($293,651 CAD/Unit) Abbotsford, BC V2T 6S5
INVESTMENT HIGHLIGHTS
- Suites provide the infrastructure to install both washers and dryers for in-suite laundry
- One of the few strata-titled rental properties in Abbotsford
- Well maintained building with minimal cap ex required
- Renovated common areas and lobby
- Investment provides a favorable price per square foot making it ideal to sell the units individually
- 63 strata-titled rental apartment units providing scale for investors
EXECUTIVE SUMMARY
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
PROPERTY FACTS
| Price | $18,500,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $293,651 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.16 AC |
| No. Units | 63 | Building Size | 62,181 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1998 |
| Zoning | RML - Low Rise Apartment Zone | ||
| Price | $18,500,000 CAD |
| Price Per Unit | $293,651 CAD |
| Sale Type | Investment |
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.16 AC |
| Building Size | 62,181 SF |
| No. Stories | 4 |
| Year Built | 1998 |
| Zoning | RML - Low Rise Apartment Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 57 | - | - |
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (88)
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32101 Mt Waddington Av
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