33947 FERN STREET, Abbotsford
$899,000
This 8,997 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.
UNDER MARKET VALUE – COURT ORDER SALE! Exceptional opportunity at 33947 Fern St, Abbotsford. This flat, usable 8,997 sq. ft. lot (approx. 73.54 ft x 123.67 ft) offers excellent potential for builders, investors, and developers. Potential to subdivide into two lots of approximately 4,498 sq. ft. each, hold as a long-term investment, or explore a land assembly opportunity. Current RS7 zoning allows compact lots and garden suites, with future development potential to be verified with the City of Abbotsford. Existing home is tenanted at $2,700/month, providing immediate income. Close to schools, parks, shopping, and transit. Court Order Sale. Act Fast! All information and measurements to be independently verified by the buyer.
How this price compares
This lot asks $100 per square foot of lot. That is 8% below the median of $108 across the 159 active lots VanPlex is showing in Abbotsford, and puts it 69 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
- $899,000
- Lot size
- 8,997 sqft
- Lot dimensions
- 73.54 x 125.67
- Frontage
- 73.54 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1962
- MLS® area
- Central Abbotsford
- MLS® number
- R3141659
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.