Log In/Sign Up
Your email has been sent.
Fraser Ridge Apartments 33555 S Fraser Way 69 Unit Apartment Building For Sale Abbotsford, BC V2S 2B8
Investment Highlights
- 12-storey concrete rental building with 69 residential units and 11 commercial units.
- Located in a thriving urban corridor with quick access to Highway 1 and major arterial roads.
- Situated in a high-demand rental market with a 1% vacancy rate in Abbotsford.
- Nearly $1 million spent on capital upgrades, including a renovated lobby and improved parking.
- Ample on-site parking with 59 stalls, including covered and surface options.
- Close to shopping, dining, healthcare, and Abbotsford International Airport.
Executive Summary
Fraser Ridge presents a rare opportunity to acquire a 12-storey concrete rental apartment building in the heart of Abbotsford, BC. The property features 69 residential units and 11,000 sf of commercial space at grade, offering a diversified income stream. With nearly $1 million invested in capital improvements, including a renovated lobby and upgraded parking infrastructure, Fraser Ridge is well-positioned for both immediate cash flow and long-term appreciation.
Located along South Fraser Way, the property benefits from Abbotsford’s strong economic growth and proximity to Vancouver, making it an attractive investment in one of the fastest-growing markets in the Lower Mainland. The city’s expanding population, robust employment base, and limited supply of concrete rental towers create significant upside potential. This asset offers stabilized net operating income of $584,806 and clear title, making it ideal for investors seeking a secure, income-producing property with future redevelopment possibilities.
Located along South Fraser Way, the property benefits from Abbotsford’s strong economic growth and proximity to Vancouver, making it an attractive investment in one of the fastest-growing markets in the Lower Mainland. The city’s expanding population, robust employment base, and limited supply of concrete rental towers create significant upside potential. This asset offers stabilized net operating income of $584,806 and clear title, making it ideal for investors seeking a secure, income-producing property with future redevelopment possibilities.
Property Facts
| Sale Type | Investment | Lot Size | 1.06 AC |
| No. Units | 69 | Building Size | 66,677 SF |
| Property Type | Multifamily | No. Stories | 12 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.04/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 69 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 66,677 SF |
| No. Stories | 12 |
| Year Built | 1969 |
| Parking Ratio | 1.04/1,000 SF |
Amenities
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 69 | - | - |
1 1
Walk Score®
Very Walkable (87)
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Fraser Ridge Apartments | 33555 S Fraser Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.