Miscellaneous
32490 Simon Avenue
32490 Simon Ave, Abbotsford, BC V2T 4J2
Listing Price: $6,800,000
Investment Overview
The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate
the sale of 32490 Simon Avenue, Abbotsford, B.C. (the “Subject Site”). The Subject Site
presents a rare opportunity to acquire a 1.35 acre site that lends itself to both multifamily
development, and/or an owner/user opportunity with the existing improvements.
32490 Simon Avenue
Investment Highlights
- Rarely Available, 1.35 acres multifamily development opportunity in Abbotsford.
- 15,600 SF opportunity for owner-users with upcoming expiry from the current tenant of April 30, 2029 with no renewal options.
- 2019 Abbotsford city centre neighbourhood plan allows for a multifamily development of up to 2.75 FRS, with the possibility of and additional 2.25 FSR being provided via a density bonus program.
Exclusively Listed By
Listing Price: $6,800,000
Investment Highlights
- Rarely Available, 1.35 acres multifamily development opportunity in Abbotsford.
- 15,600 SF opportunity for owner-users with upcoming expiry from the current tenant of April 30, 2029 with no renewal options.
- 2019 Abbotsford city centre neighbourhood plan allows for a multifamily development of up to 2.75 FRS, with the possibility of and additional 2.25 FSR being provided via a density bonus program.
Investment Overview
The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 32490 Simon Avenue, Abbotsford, B.C. (the “Subject Site”). The Subject Site presents a rare opportunity to acquire a 1.35 acre site that lends itself to both multifamily development, and/or an owner/user opportunity with the existing improvements.
Exclusively Listed By
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