Redevelopment opportunity of a 1.72 acre site within one of the fastest growing municipalities in BC. Existing building size of 36,808 SF with a max buildable of 97,668 SF and 150,258 SF in the OCP. Progressive OCP (2016) with extensive commercial and residential development in the area. Prime location on a main transit corridor in central Abbotsford. In close proximity to numerous amenities, parks, City Hall, University of the Fraser Valley, Abbotsford Centre, Tradex, and Abbotsford International Airport. Existing office building provides strong holding income during rezoning and redevelopment processes. Significant capital improvements by the current owner.
The City of Abbotsford is the largest municipality in the Fraser Valley Regional District and the fifth-largest municipality in British Columbia with a population of over 150,000. Abbotsford has a robust and diverse economy, driven by industries such as agriculture (known as the “Agriculture Capital of Canada”), manufacturing, aerospace, construction, retail, and healthcare. The City has robust amenities, including top-rated schools, healthcare facilities, recreational centers, and extensive parks and trails. The City is centrally located in the heart of the Fraser Valley with major arterial routes and highways providing accessibility to surrounding municipalities and the US / Canada border.
In 2017, the City of Abbotsford launched the Plan for 200K to support the Official Community Plan (OCP) with the goal of applying growth strategies from various Master Plans, Neighbourhood Plans, and Studies to realize Abbotsford’s vision and framework for accommodating a population of 200,000 in the coming years. The City has been reviewing and updating existing operational and development plans, as well as related infrastructure, services, amenities, and programs to support the anticipated growth and investment within the City.
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