2640 GLADYS AVENUE

Abbotsford, BC

Price: $2,999,000
Building Size: 2,940 SF
Land Size: 8,689 SF (~0.20 Acres)
Sale Type: Asset
MLS Number: C8064085
Zoning: C7 - Historic Downtown Commercial Zone

This exceptional development site is being offered with an approved Development Permit and a Building Permit in progress. The property has plans for the construction of a 21-unit, 4-storey mixed-use building, consisting of 18 residential units and 4 retail units. A rare benefit to this opportunity is that development fees are reduced, as current fees have increased since the application was submitted. The buyer has the flexibility to pursue either a strata project or a rental development.