3130 IMMEL STREET

Exceptional 1.53-acre land assembly opportunity in one of Abbotsford's most desirable growth corridors. LOCATED ON 2 ROAD FRONTAGES. Combined site area totals 66,782 sq. ft. with city staff support for an Official Community Plan amendment from Urban 2 Ground Oriented to Urban 1 Midrise, allowing potential for a 6-storey residential development. At 2.5 FSR, the site offers approximately 166,955 buildable sq. ft. Offered at approximately $47/buildable sq. ft., presenting exceptional value for developers and investors. Prime location close to schools, shopping, parks, transit, and quick access to Highway 1, making it ideal for a future multifamily project in a high-demand area. Strong development upside supported by city staff for increased density, positioning this as a rare development opportunity in Abbotsford's growing residential market. (id:53361)