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.
Address
2294 Mckenzie Road
List Price
$2,980,000
Property Type
Residential Income
Type of Dwelling
Other
Style of Home
Other
Structure Type
Multi Family
Transaction Type
Sale
Area
Abbotsford
Sub-Area
Central Abbotsford
Bedrooms
8
Bathrooms
8
Floor Area
3,920 Sq. Ft.
Main Floor Area
3920
Lot Size
25000 Sq. Ft.
Lot Size Dimensions
250 x
Lot Size (Acres)
0.57 Ac.
Lot Features
Central Location, Cul-De-Sac, Recreation Nearby, Wooded
Lot Size Units
Square Feet
Total Building Area
3920
Frontage Length
250
Year Built
1954
MLS® Number
R3162704
Listing Brokerage
RE/MAX Magnolia
| Royal LePage Little Oak Realty
Basement Area
None
Postal Code
V2S 3Z8
Zoning
SSMUH-1
Ownership
Freehold NonStrata
Parking
Garage Double, Front Access
Parking Places (Total)
6
Tax Amount
$13,323.11
Tax Year
2026
Site Influences
Central Location, Cul-De-Sac, Recreation Nearby, Wooded
Board Or Association
Fraser Valley
Heating
Yes
Heat Type
Natural Gas
Garage
Yes
Garage Spaces
2
Laundry Features
Common Area
Road Surface
Paved
Number Of Floors In Property
1
Security Features
No Fire Sprinkler System, No Smoke Detector(s)