Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Multi-family · Abbotsford

Court-ordered sale (foreclosure). These are usually sold “as is, where is” and need the court’s approval. Ask Kris how the process works →

32372 & 32364 Hillcrest Avenue

Abbotsford, BC V2T1T3

$4,598,000

54 days on market

Bedrooms
0
Bathrooms
0
Type
Multi-family
Taxes
$4,499.17 (2026)
MLS®
C8081215

About this home

Court-ordered sale. Rare opportunity to acquire a 29,086 SF development site comprised of three properties at 32372 & 32364 Hillcrest Avenue and 2558 Adelaide Street in Abbotsford. Designated Urban 1 - Midrise in the OCP, the site supports multifamily residential development within Abbotsford's Urban Core, close to amenities, transit, shopping, parks, and healthcare services. Currently zoned RS3 (Urban Residential), with a rezoning application to CD N100 having received Third Reading. Proposed redevelopment includes an 89-unit apartment project across two 6-storey buildings totaling approximately 70,605 SF GBA. Extensive planning work completed, including DP drawings, servicing and landscape plans, environmental studies, and rezoning approvals. Convenient access to Highway 1, South Fraser Way, Clearbrook Road, and Mount Lehman Road. Buyer to verify all development potential, approvals, and municipal requirements.

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$20,359
Strata fee$0
Property taxannual ÷ 12$375
Est. monthly total$20,734
Down payment + BC property transfer taxbefore any first-time buyer exemption$1,067,500

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Listing courtesy of Colliers. View on REALTOR.ca

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