Contacts
Avison Young
Avison Young - Vancouver
Avison Young
Avison Young - Vancouver
Avison Young - Vancouver
Property Details
- Property Type Other
- Property Size 66,677 SF
- Date Updated Feb 20, 2025
Avison Young & Stonehaus are pleased to present Fraser Ridge, located at 33555 South Fraser Way, Abbotsford, BC (the "Property"). Fraser Ridge is a 12-storey concrete rental apartment building that features 69 residential units above 11 commercial retail units at ground level. The property has been professionally managed and well-maintained by the current ownership. Close to $1 million has been spent on capital improvements, including a newly renovated lobby and upgrades to the above-ground parking infrastructure.
As an investment, Abbotsford’s robust economic growth, coupled with its proximity to Vancouver, makes it an ideal location for both short-term rental income and long-term property value appreciation. The city has seen significant development in recent years, attracting new businesses and residents, which has further boosted the demand for rental housing. With its expanding infrastructure, growing population, and strong rental market, Abbotsford represents an excellent opportunity for investors seeking both stability and growth.
This offering provides a rare opportunity to acquire one of the few concrete rental apartment buildings in Abbotsford, a market that continues to have limited availability in the multi-family sector.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 1.00% vacancy rate in Abbotsford resulting in a limited amount of rental housing inventory in one of the faster growing markets in the Lower Mainland
- Significant potential for rental upside in both residential and commercial units
- One of the few concrete rental towers in the Fraser Valley
- Ample parking available on site
- Close to $1M spent on capital upgrades
- Central location providing quick access to the main arterial roads, Highway 1, public transit, and a wide range of amenities
Getting around
-
87/100
Walk Score ®
-
60/100
Transit Score ®
-
54/100
Bike Score ®
Location
- City Abbotsford, BC
- Neighborhood Horn Creek
- Postal Code 228
Points of Interest
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Abbotsford
4.74 miles
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Mission City
5.84 miles
-
FLO
0.28 miles
-
Petro-Canada
0.30 miles
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Hub Motor Service
0.33 miles
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Superior Propane
0.37 miles
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Esso
0.43 miles
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Chevron
0.70 miles
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Shell
0.72 miles
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Canco
0.75 miles
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GE
0.90 miles
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Electrify Canada
1.24 miles
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Impark
0.05 miles
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3 Hour Free Parking
0.29 miles
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Permit Parking Only
0.30 miles
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NOFEM Paid Parking
0.32 miles
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Staff Parking
0.35 miles
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All Day Free Parking
0.35 miles
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Savana Parking
0.68 miles
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Visitor Parking
0.79 miles
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Sandman Hotel & Suites Abbotsford
1.02 miles
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The Coast Abbotsford Hotel & Suites
1.42 miles
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Super 8 by Wyndham Abbotsford BC
1.49 miles
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Travelodge by Wyndham Abbotsford Bakerview
1.57 miles
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Baker House
1.66 miles
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Alpine Inn
1.92 miles
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Best Western Plus Regency Inn & Conference Centre
1.95 miles
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Abbotsford Hotel
2.07 miles
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Deer Trail Guest House
3.18 miles
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Clarion Hotel & Conference Centre
3.22 miles
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South Fraser Plaza
0.05 miles
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Five Corners
0.07 miles
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Abbotsford Centre Mall
0.11 miles
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Dragon Fort Centre
0.27 miles
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M-L Plaza
0.27 miles
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McCallum Centre Mall
0.32 miles
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Ware Street Plaza
0.41 miles
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Little Oak Mall
0.65 miles
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Onyx Plaza
0.73 miles
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Fruiticana
0.74 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
