Multifamily Development Site (Off Market)

For Sale, 11,950,000 CAD (~ 8,772,852 USD)


32345-32363 George Ferguson Way,

Property Type : Vacant Land

Property Style : N/A

Build Size : 31,253 ft² / 2,903 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: R2877471


Property Description

Developer alert, presenting the offering of 0.72 acres of high-traffic land in Abbotsford's Clearbrook neighbourhood. This offering consists of two parcels - 32345 George Ferguson Way and 32363 George Ferguson Way. This development site is centrally located on a high-traffic street one minute away from commercial amenities (Gas Stations, Restaurants, Pharmacies, Retail). Although currently zoned RS-3 (Residential), the current NCP has this site designated for Urban Midrise (four to six stories). A rezoning application (#PRJ19-088) is currently underway to rezone from RS-3 to RMM (Residential Multifamily). The current application is for two six storey apartment buildings with 93 units. This site has no structures and consists of cleared, flat land with trees. Arborist report available. The perfect development site for a purpose-built rental project and to take advantage of BC Government incentives for rental multifamily construction.
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Multifamily Development Site, Canada,British Columbia,Abbotsford is a 31,253ft² Abbotsford luxury Vacant Land listed for sale 11,950,000 CAD. This high end Abbotsford Vacant Land is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Abbotsford or search for luxury properties for sale in Abbotsford.