Prime redevelopment land in Abbotsford has sold for $1.13 million, CDW & Associates of RE/MAX Little Oak Realty reports.
The 32,670-square-foot parcel is zoned for agricultural or industrial use, but currently hosts a single-family home that provides $5,000 in rental revenue. The home was built in 1957 and is a tenanted, five-bedroom, three-bathroom structure with an unauthorized basement suite. The property was listed for $1,195,000 and has an assessed value of $878,000.
The property is located at 1860 Queen St., Abbotsford.
Breakdown:
Price: 1,130,000
Lot Size: 32,670 SF
Property Type: Land
Zoning: A-1
2016 B.C. Assessment Value: $878,000
Date of Sale: 10/14/2017
City: Abbotsford
Province: B.C.
Name of Brokerage: CDW & Associates - RE/MAX Little Oak Realty
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