HOMESTEAD ESTATES
32101 Mt. Waddington Avenue, Abbotsford, BC
Building
Property details
- Year built 1998
- Building size (SF) 62,181
- Total site size (sf) 50,529.60 sf (1.16 acres)
- Storeys 4 storeys
- Structure Wood-frame
- Zoning RML - Low Rise Apartment Zone
Overview
Avison Young is pleased to market for sale, Homestead Estates, located at 32101 Mt. Waddington Ave, Abbotsford BC (the “Property”). The property is located in the heart of Abbotsford, in the Clearbrook neighbourhood. The area is well connected, offering 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 is also one of the only markets outside of Vancouver with an airport and provides easy access to all of the Fraser Valley.
Highlights
63 stratified rental apartments providing scale for investors
Well maintained building with minimal cap ex required
Investment provides a favorable price per square foot making it ideal to sell the units individually
One of the few stratified rental properties in Abbotsford
Renovated common areas and lobby
Suites provide the infrastructure to install both washers and dryers for in-suite laundry
