Exceptionally rare opportunity to acquire a 10-unit apartment building in Abbotsford. Properties of this size and quality are seldom available, making this a compelling offering for investors seeking stable income with future upside. The building features a diverse and functional unit mix consisting of 1-bedroom, 1 bedroom+den, and 2 bedroom suites, appealing to a broad tenant base. Current rents are strong, with an additional upside through future rental increases, offering the potential to enhance long-term cash flow.
Major capital improvements have already been completed, including a new roof installed in 2024, along with building envelope and fascia upgrades completed in Summer 2025, significantly reducing near-term capital expenditures. Located in a high-demand rental area of Abbotsford, this property represents an ideal opportunity for investors seeking a well-maintained multi-family asset with value-add potential.
Priced at a 3.7% cap rate using vacancy rates that are acceptable for investors, however, if a unit does vacate, there is opportunity to increase rents. Cap rate is based on rents currently being recieved, not taking into account market rents, and the rents that are to be increased in 2026.
Address
2172 McKenzie Road, Abbotsford, BC, V2S 3Z8
List Price
$2,498,800
Style of Home
Other
Transaction Type
Sale
Area
Abbotsford
Sub-Area
Central Abbotsford
Bedrooms
12
Bathrooms
10
Floor Area
8,490 Sq. Ft.
Lot Size
14298 Sq. Ft.
Year Built
1990
MLS® Number
C8074449
Listing Brokerage
eXp Realty
Postal Code
V2S 3Z8
Zoning
RML
Tax Amount
$9,786.21
Tax Year
2025
Site Influences
Close to all amenities
Features
In suite Laundry Many units have newer appliances Renovated. Roof done in 2024 Exterior Trims and Facia done in 2025
Amenities
Perimeter Parking for Guests and Tenants. Shared balcony areas for middle units Private Backyards for lower units 2 - 2bdrm units are loft style with up and down living.
Strata Land