- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8077715
- Build. Type:
- Low Rise (2-4 storeys)
- Photos (21)
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Excellent investment opportunity to acquire a 15-unit multifamily building in a high-exposure location along 1st Avenue / Lougheed Highway in the growing City of Mission. This income-producing property features a well-balanced unit mix Of 4 studio suites, 10 one-bedroom suites, and 1 two-bedroom suite, with gross monthly revenue exceeding $14,800. Significant capital upgrades have been completed over the years, including roof replacement in 2019, hot water boiler system replacement in 2017, and PBX/ copper plumbing upgrades in 2015, along with updated light fixtures and appliances, helping support long-term value and operational stability. Ideally situated close to transit, shopping, and everyday amenities, the property benefits from strong tenant appeal in a convenient and accessible location. A compelling opportunity for investors seeking stable cash flow, upside potential, and long-term appreciation. Contact us for more information.
- Sale Type:
- Asset or Share
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial
- Commercial Type:
- Multi Family
- Construction:
- Concrete Block, Concrete, Frame Wood
- Building Type:
- Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
- # of Apartments:
- 15
- # of Studio Apartments:
- 4
- # of 1 Bedroom Apartments:
- 10
- # of 2 Bedroom Apartments:
- 1
- Living Area:
- 5,072 sq. ft.
- Lot Area:
- 4,791.6 sq. ft.
- Zoning:
- CH1
- Road Surface:
- Paved
- Heating:
- Baseboard, Radiant
- Electricity:
- No
- Services Connected:
- Electricity at Lot Line, Natural Gas Connected, Street Lighting
- Sewer:
- Public Sewer
- Parcel Number:
- 011436794
- Taxes:
- $5,010 / 2025
- Laundry Facility, Paved Yard
- No
- Common Water Heater
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Rolled/Hot Mop, Torch On
- Cap Rate %:
- 6.0
- Gross Income:
- 177606.0
- Effective Gross Income:
- $172,806
- Net Operating Income:
- $115,776
- Original Price:
- $1,930,000
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View of building exterior featuring stairs -
Doorway to property
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View of side of property
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Back of property
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View of front of house with stone siding
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Rear view of property
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Kitchen with white appliances, light countertops, light wood-style flooring, and white cabinets
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Unfurnished bedroom featuring radiator and a textured ceiling
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Bathroom featuring vanity and toilet
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Spare room with plenty of natural light
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Full bathroom featuring a stall shower and a sink
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Empty room featuring dark wood finished floors and a baseboard heating unit
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View of closet
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Empty room with dark wood finished floors and radiator heating unit
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Kitchen featuring freestanding refrigerator, light countertops, dark wood finished floors, and dark wood finish cabinetry
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Kitchen with light countertops, dark wood-type flooring, dark wood finish cabinets, and freestanding refrigerator
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Bathroom featuring vanity and dark wood-style floors
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Full bath with a stall shower and light wood-type flooring
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Half bath with vanity and light wood finished floors
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Unfurnished room with baseboards and wood finished floors
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Laundry room featuring a sink
Listed by Homelife Advantage Realty Ltd.
Data was last updated May 2, 2026 at 02:40 AM (UTC)
- KARL TOEWS
- HOMELIFE ADVANTAGE REALTY (CENTRAL VALLEY) LTD. #360 3033 IMMEL
- 1 (778) 5498119
- Contact by Email
Location
#360 3033 Immel St.
Abbotsford, BC, V2S 2P4
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