Lot Size: 5 acres
Property Type: Land
2016 B.C. Assessment Value: $1,342,000
Name of Brokerage: Frontline Real Estate Services Ltd.
Five acres of raw, undeveloped land in Abbotsford has sold for $705,000 per acre, Kyle Dodman of Frontline Real Estate tells Western Investor.
The raw, non-zoned, non-serviced designated industrial land is situated in the Clearbrook industrial area and is said to be one of the last remaining pieces of raw land in west Abbotsford. The land sold for more than double its most-recent assessed value. The deal was completed in cooperation with Paul Penner of Re/Max Little Oak Realty.
The property is located at 1891 Foy St., Abbotsford.
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