Abbotsford lot sells $400K over assessed value at $1.4 million

The Abbotsford Teachers Union received the full asking price for a 0.3-acre lot in Abbotsford’s historic downtown.

London Pacific Property Agents Inc. / Vancouver / for Western Investor
September 17, 2020

Cyril Street Abbotsford London Pacific
— London Pacific Property Agents Inc., Vancouver, for Western Investor

Type of property: Development land

Location: 2549 Cyril Street, Abbotsford

Land size: 12,855 square feet

Land size in acres: 0.3 acres

Zoning: C-7 Historic Downtown Commercial

Floor space ratio: 2.5 FSR

BC Assessment value 2020: $995,000

List price: $1.4 million

Sale price: $1.4 million

Date of sale: August 14, 2020

Vendor: Abbotsford Teachers Union

Brokerage name: London Pacific Property Agents Inc., Vancouver

Brokers: Mike Guinan-Browne and Ari Gelmon



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