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Court Ordered Sale 1,364 SF Retail/Office 32059 Hillcrest Ave 34 Unit Apartment Building $775,000 CAD ($22,794 CAD/Unit) Abbotsford, BC V2T 1S3
Investment Highlights
- 593 SF Ground Floor Retail showroom
- Highly visible street front in central Abbotsford
- 771 SF Second Floor Office Area
- Ample Parking available for tenants and visitors.
Executive Summary
The property represents an opportunity to purchase a commercial strata unit in first phase of the Cedar Park Plaza. The subject unit has a total gross leasable area of 1,364 sq.ft., including 593 sq.ft. of ground loor commercial space and 771 sq.ft. of second floor office space. The property is zoned C5 and the City of Abbotsford designates the property as “Urban Centre.” The intent of this designation is to enable a mix of multifamily and commercial uses to strengthen existing hubs that serve a city-wide function. Buildings typically include a mix of retail and/or office space on lower floors and residential units on upper floors. Uses include multi unit residential, commercial and mixed use
(residential and commercial).
(residential and commercial).
Property Facts
| Price | $775,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $22,794 CAD | Building Class | B |
| Sale Type | Investment | Building Size | 45,918 SF |
| Sale Condition | Bankruptcy Sale | No. Stories | 3 |
| No. Units | 34 | Year Built | 2016 |
| Property Type | Multifamily | Parking Ratio | 0.23/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C2 - Commercial | ||
| Price | $775,000 CAD |
| Price Per Unit | $22,794 CAD |
| Sale Type | Investment |
| Sale Condition | Bankruptcy Sale |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 45,918 SF |
| No. Stories | 3 |
| Year Built | 2016 |
| Parking Ratio | 0.23/1,000 SF |
| Zoning | C2 - Commercial |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
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Court Ordered Sale 1,364 SF Retail/Office | 32059 Hillcrest Ave
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