Developer alert, presenting the offering of 0.72 acres of high-traffic land in Abbotsford's Clearbrook neighbourhood. This offering consists of two parcels - 32345 George Ferguson Way and 32363 George Ferguson Way. This development site is centrally located on a high-traffic street 1 minute away from commercial amenities (Gas Stations, Restaurants, Pharmacies, Retail). Although currently zoned RS-3 (Residential), the current NCP has this site designated for Urban Midrise (4 to 6 stories). A rezoning application (#PRJ19-088) is currently underway to rezone from RS-3 to RMM (Residential Multifamily). The current application is for two 6 storey apartment buildings with 93 units. This site has no structures and consists of cleared, flat land with trees. Arborist report available. The perfect development site for a purpose-built rental project and to take advantage of BC Government incentives for rental multifamily construction.

General Info:

Sale Type:: Asset

Name of Complex/Subdivision:: Signup

# Other Units:: Signup

Year built:: 999 (Age: 1,025)

Lot Area:: 31,253.58 sq. ft.2,903.55 m2

Acres Freehold:: 0.72 acre(s)0.291 hectare(s)

Lot Depth:: 114

Lot Frontage:: 276'84.125 m

Land Use/Zoning:: RS3

Permitted Use:: Multifamily (5+), Residential

Taxes:: $20,837.8 / 2023

Other Details:

Services Connected:: Cable at Lot Line, Electricity, Fully Serviced, Garbage Collection, Paved Streets, Sewer - Storm, Sanitary sewer at Lot Line, City Water at Lot Line