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33654 Homeview St 11 Unit Apartment Building $3,600,000 CAD ($327,273 CAD/Unit) 2.48% Cap Rate Abbotsford, BC V2S 3P9
INVESTMENT HIGHLIGHTS
- The below market rents offer investors incredible upside upon turnover, with minimal requirement for further renovation.
- Minimal operating costs as tenants pay their own utilities and the building offers limited common area.
- 8 of the 11 units have been tastefully renovated with modern finishings, including stainless steel appliances, laminate counter tops, and flooring.
- Strategic location with immediate proximity to McCallum Road and South Fraser Way.
EXECUTIVE SUMMARY
Homeview Apartments is a renovated and well-maintained, 11-unit apartment building, centrally located in the Historic Downtown of Abbotsford. 8 of the 11 units have been tastefully renovated with modern finishings, including stainless steel appliances, quartz counter tops, laminate flooring, and new cabinets and tiling. The below market rents offer investors with incredible upside upon turnover, with minimal requirement for further renovation.
PROPERTY FACTS
| Price | $3,600,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $327,273 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 2.48% | Building Size | 8,010 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Price | $3,600,000 CAD |
| Price Per Unit | $327,273 CAD |
| Sale Type | Investment |
| Cap Rate | 2.48% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 8,010 SF |
| No. Stories | 2 |
| Year Built | 1962 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
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Walk Score®
Walker's Paradise (90)
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33654 Homeview St
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