3 bed
1 bath
1,694 sqft
Single Family Residence
Built in 1930
7,840 sqft lot
5 parking
2 fireplaces
Freehold NonStrata
RS3-I zone
Public remarks
This PLA-ready development site offers a rare investment opportunity in the heart of Abbotsford! Approved for rezoning and subdivision, this property allows for two single-family homes with coach houses on 3,896 sq. ft. lots. Zoned RCH (Coach House Residential), it meets all city requirements and is ready for development. Located steps from the revitalized historic downtown core, this home sits in a family-friendly, up-and-coming neighbourhood experiencing significant growth and new development. Key infrastructure contributions for road, drainage, and sewage upgrades are already outlined. With the existing home set for demolition, this turnkey project is a must-see for builders and developers looking to capitalize on Abbotsford’s expanding housing market. Don’t miss this opportunity!
Private remarks
Measurements from BC Assessment. Home is currently Tenanted at $2500 per month plus utilities. Currently at 4th reading and ready for moving forward with Demo Permit, just need to pay fees - approx. $91,500. Check assoc. docs for more info on Re-zoning / subdivision and projected costs. Roof is only 5 years old.
Buyer agency compensation
3.22% on the first $100,000 and 1.15% on the balance of the purchase price plus gst
$1,349,900 ($796/sqft)
Active
Listed
03/07/2025
Expiry date
Original price
Gross taxes (2024)
$4,277.05
Property transfer tax
$24,998.00
Last Updated: 03/09/2025 11:07 PM
Courtesy of Homelife Advantage Realty (Central Valley) Ltd.
Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
---|---|---|---|---|---|---|---|---|
33918 Elm Street | R2974413 | 03/09/2025 11:07 PM | 03/07/2025 | Active | $1,349,900 | Login to view | Karl Toews - PREC | Homelife Advantage Realty (Central Valley) Ltd. |