2806 FAIRLANE STREET, Abbotsford
$1,449,000
This 10,000 sqft property in Abbotsford is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
BUYER/INVESTOR ALERT! LAND ASSEMBLY, ADJOINING 4 PROPERTIES : Adjoining properties 2796,2806,2820 Fairlane St, Total Approx. 36 500 sq.ft. with front of 300 SqFt. Walking distance to Heritage Gurdwara Sahib, shopping, parks, schools, public transit, entertainment, Mill Lake & Malls. OCP Land Use-1 Midrise- "Multi-storey low and mid-rises, & integrated ground-oriented units. Heights are initially limited to 6 storeys (taller & varied building heights, & ground floor commercial may be possible through a neighborhood plan". Inquire with the City of Abbotsford about the potential of a subdivision. Good rental income.
How this price compares
This lot asks $145 per square foot of lot. That is 34% above the median of $108 across the 159 active lots VanPlex is showing in Abbotsford, and puts it 139 of 159 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,449,000
- Lot size
- 10,000 sqft
- Lot dimensions
- 80 x 125
- Frontage
- 80 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1971
- MLS® area
- Central Abbotsford
- MLS® number
- R3112493
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Listing data via MLS®. Displayed for information only.