2294 Mckenzie Road

Central Abbotsford, Abbotsford

2294 Mckenzie Road

Central Abbotsford, Abbotsford

$2,980,000

Bedroom icon8
Bathroom icon8
Squarefootage icon3,920 sqft
2294 Mckenzie Road, Central Abbotsford, Abbotsford

$2,980,000

Bedroom icon8
Bathroom icon8
Squarefootage icon3,920 sqft

About this Business

RARE INVESTMENT & DEVELOPMENT OPPORTUNITY! Situated on a 25,000 sq. ft. lot with approx. 250 ft. of frontage, this property offers income today with future upside. Currently improved with 8 one-bedroom rental units generating approx. $10,000/month gross income. A conceptual 6-lot subdivision and servicing plan has been prepared, offering exciting future development potential. Hold and collect revenue while exploring redevelopment possibilities. Buyer to verify development potential and requirements with the City of Abbotsford.

Listed by RE/MAX Magnolia/Royal LePage Little Oak Realty.

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

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Features

  • MLS®: R3162704
  • Type: Business
  • Bedrooms: 8
  • Bathrooms: 8
  • Square Feet: 3,920 sqft
  • Lot Size: 25,000 sqft
  • Frontage: 250.00 ft
  • Full Baths: 8
  • Half Baths: 0
  • Taxes: $13323.11
  • Parking: Garage Double, Front Access (6)
  • Basement: None
  • Storeys: 1 storeys
  • Year Built: 1954
  • Style: Other