$1250000 / 18500ft2 - Bare Lot, OCP 2016 C4 Possible
Description
Hi there
I have For Sale, a bare 18 500 sq ft, lot that is presently zoned RS3, with the city preference to rezone it C4 Service commercial or a combination work/live type of development. City Taxes 2017 were $1250. It is a high visibility, high traffic location on the main street in Abbotsford, with some visibility even from the freeway.
As it is zoned right now, it could be simply used to build a family estate, with a fsr .5 meaning you could build a house of 9250 sq. ft. on the lot, in the center of the city, or use it as a holding property for future development.
The C4 Secondary Commercial Zoning, is also possible according to OCP2016, as well as the live/work type of arrangement. C4 Secondary Commercial Zoning accommodates a wide range of commercial uses, in one or two story building, in an automobile oriented environment, meaning sales, body shop and repair shop would be allowed. Other permitted uses please see the City of Abbotsford website. FSR is .50. Office, medical office, as well as industrial uses would also be permitted under this zoning. So you could build a commercial building of up to 9250 sq. ft on this lot.
City planning has said they would be open to a 9250 sq. ft public storage facility, with 9 - 12 parking spots. I have included some stock pics to give you some idea of what may be possible.
QUICK SALE, I will let it go for $ 1 100 000, if sold by end of December 2019.
- Ad Type: Offering
real estate | other
2021-02-14