Commercial For Sale

Forgot password Extend Verify Contact

32372 & 32364 Hillcrest Avenue
Abbotsford West Abbotsford V2T 1T3

$4,598,000
Multi-Family Commercial, Land Commercial

Main Photo: 32372 & 32364 Hillcrest Avenue in Abbotsford: Abbotsford West Multi-Family Commercial for sale : MLS®# C8081215
Photo 1: 32372 & 32364 Hillcrest Avenue in Abbotsford: Abbotsford West Multi-Family Commercial for sale : MLS®# C8081215
Photo 2: 32372 & 32364 Hillcrest Avenue in Abbotsford: Abbotsford West Multi-Family Commercial for sale : MLS®# C8081215
Photo 3: 32372 & 32364 Hillcrest Avenue in Abbotsford: Abbotsford West Multi-Family Commercial for sale : MLS®# C8081215
Photo 4: 32372 & 32364 Hillcrest Avenue in Abbotsford: Abbotsford West Multi-Family Commercial for sale : MLS®# C8081215
Status:
Active
Prop. Type:
Multi-Family Commercial, Land Commercial
MLS® Num:
C8081215
Build. Type:
Mixed Use
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.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial, Land Commercial
Commercial Type:
Multi Family
Building Type:
Mixed Use
Lot Area:
28,749.6 sq. ft.
Zoning:
URBAN RES(RS3)
Potential to Redevelop:
POTENTIAL FOR A MLTI-RESIDENTIAL DEVLOPMENT OF 89 UNITS, No
Road Surface:
Paved
Electricity:
Yes
Services Connected:
Electricity Connected, Garbage Collection, Phone Connected, Sidewalk
Parcel Number:
008467226
Taxes:
$4,499.17 / 2026
No
Water Rights:
No
Potential to Redevelop:
POTENTIAL FOR A MLTI-RESIDENTIAL DEVLOPMENT OF 89 UNITS, No
Cap Rate %:
0.0
Original Price:
$4,598,000
  • Photo 1: 32372 & 32364 Hillcrest Avenue in Abbotsford: Abbotsford West Multi-Family Commercial for sale : MLS®# C8081215
    Photo 1 of 4
  • Photo 2: 32372 & 32364 Hillcrest Avenue in Abbotsford: Abbotsford West Multi-Family Commercial for sale : MLS®# C8081215
    Photo 2 of 4
  • Photo 3: 32372 & 32364 Hillcrest Avenue in Abbotsford: Abbotsford West Multi-Family Commercial for sale : MLS®# C8081215
    Photo 3 of 4
  • Photo 4: 32372 & 32364 Hillcrest Avenue in Abbotsford: Abbotsford West Multi-Family Commercial for sale : MLS®# C8081215
    Photo 4 of 4
To access this listing,
please create a free account

Listed by Colliers
Data was last updated August 22, 2026 at 07:35 AM (UTC)
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.