For Sale · Industrial

2247 WINDSOR STREET, Abbotsford

2247 WINDSOR STREET, Abbotsford, BC V2T6L8

$2.3M total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IB — Industrial Business

$ / SF

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Occupancy

86%

Clear height

34 ft

Loading docks

6

About this property

I1 RESIDENTIAL-INDUSTRIAL ZONING | 16,422 SQ FT LOT | 1,505 SQ FT DETACHED SHOP | 200-AMP 3-PHASE POWER. A rare live/work opportunity where the zoning, land and improvements do the heavy lifting. I1 permits manufacturing, with accessory uses including auto body, auto repair, commercial vehicle repair, courier/delivery, farm equipment repair and recreational vehicle repair. The substantially rebuilt 3,860 sq ft home offers 5 beds, 5 baths, a stunning main kitchen, equally impressive lower-level kitchen, spice kitchen off the back deck and media room. The shop includes a 2-piece washroom, while the property offers 98 ft of frontage, a fully fenced yard, plenty of parking and quick access to Hwy 1 and the airport. A unique property that delivers real utility without sacrificing the home. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.30M
Down payment30% · $690K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$102K

Annual cash flow

$-25K

Cash-on-cash

-3.69%

DSCR

0.80

Going-in cap

4.43%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

43,856

Households

20,470

Median income

$121,500

Median age

33.2

Daytime population

39,003

5-yr growth

1.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2247 WINDSOR STREET, Abbotsford.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.