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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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2294 McKenzie Road, Abbotsford
MLS®: R3162704
3920
Sq.Ft.
8
Baths
8
Beds
25,000
Lot SqFt
1954
Built
Description
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.
Taxes (2026): $13,323.11
Amenities
Common Area
Features
No Fire Sprinkler System
No Smoke Detector(s)