33330 Westbury Ave, Abbotsford Fraser Valley

$1 498 000
Property type: Townhomes
Area (Sq Ft)
9,600
Units
6
Price Per Unit
249,667
Cap Rate
4.37
GRM
16.64

Specifications

  • Land Size: 19,285 Sq Ft
  • Year Built: 1970
  • Land Size (Acres): 0.42
  • Land Dimensions (ft): 159 x 115
  • Zoning: RM45

Description

Rare Abbotsford 6plex for sale! This prime location is less than 1km to the Abbotsford Regional Hospital and 1.5km to the University of the Fraser Valley main campus. Major transportation routes are close by. All amenities are a short drive away. Commuters love the proximity to the highway.

Units are large 3-bedroom townhomes. All units feature separate gas-fired forced-air furnaces. All units have an individual gas-fired hot water tank and individual washer/dryer. Tenants pay all utilities. As a result, this property has low expenses.

Land size is 0.42 acres zoned RM45. Re-development could allow up to 8 new townhomes on the site. Opportunity exists to update existing townhomes or stratify and sell individual units.

Strata townhomes in Abbotsford have seen huge price increases in the past few years. Average strata townhouse prices in Abbotsford are nearly $500,000 per unit (see attached). Compare with the list price of just $249,667 per unit.

Abbotsford has a vacancy rate of 0.2%! As a result, these units will always be full.

Showings are available by appointment only on the following dates:

Saturday, December 1 – 1:30pm – 4:00pm
Saturday, December 8 – 1:30pm – 4:00pm
Saturday, December 15 – 1:30pm – 4:00pm

Please register your interest with the listing broker to confirm showing availability.

Offers, if any, will be received on December 17th.

Building Features and Finishes

Construction

  • Poured Concrete Foundation – Slab on Grade
  • Wood Framing
  • Wood Siding and Stucco Exterior
  • Torch On Membrane Roof, Wood Shake Accents
  • Single Pane Aluminum Frame Windows
  • Asphalt Parking Surface
  • Carports

Mechanical

  • Gas-Fired Forced Air Furnaces
  • Window-Mounted A/C Units
  • Individual Gas-Fired Hot Water Tanks
  • Smoke Detectors and Fire Extinguishers

Utilities

  • Municipal Water
  • BC Hydro
  • Fortis BC Natural Gas
  • Phone/Internet Paid By Tenants

Amenities

  • Common Area Back Yard
  • Up to 4 Parking Spaces Per Unit
  • Insuite Storage
  • Insuite Laundry

Kitchen

  • Linoleum Flooring
  • Appliances Updated As Needed
  • Wood and Laminate Cabinets
  • Laminate Counter-Tops
  • LED and Incandescent Lighting

Bathroom(s)

  • Linoleum and Tile Flooring
  • Laminate Counter-Tops
  • Wood Cabinets
  • Bathtub and Toilet Fixtures

Living Room and Bedrooms

  • Laminate Flooring
  • Updated Closets Doors (in some units)
  • New Paint (in some units)

Contact the Agent

Seth Baker

Managing Broker & Owner
Phone
(778) 235-9293
Fax
(778) 650-0350
Address
119 W Pender St, Suite 104
Vancouver, BC, V6B 1S5
Combine bold entrepreneurship, unique data analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services, Seth takes on challenging responsibilities, such as founding his own real estate brokerage company and selling some of the world’s most valuable apartment buildings. He is a master communicator and skillful analyst. His impressive technology background allows him to maintain priceless market data while building powerful relationships with multifamily investors and developers. Ask him about how to get people to agree. It’s his secret talent. Seth Baker has led an impressive career in real estate brokerage. He is personally responsible for more than $87,000,000 in real estate sales, a number that’s growing daily.  He has contributed to a number of industry organizations including LandlordBC, Vancouver Board of Trade, BC Non-Profit Housing Association, Greater Vancouver Home Builders Association and Urban Development Institute. He received his Managing Broker’s Licence through UBC’s…