G 2904 GLENCOE PLACE, Abbotsford
$8,950,000
This 267,894 sqft property in Abbotsford is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
Land bank in the heart of town! This 6 acre property is priced for its development potential, not just its magical setting. 3 parcels on 1 title, adjacent to the Vicarro Ranch development land and surrounded by the growing East Abby McMillan bowl, this is a strategic holding with a clear path to future upside. And while you wait, there is nothing to sacrifice: a gorgeous 3,700 sq ft custom built rancher with walkout basement, a 2 stall hip roof barn with tack room and hay loft, tons of extra parking, and bluff top views second to none. Close to all levels of schools. Estate living today, development opportunity tomorrow. Properties offering this much lifestyle and potential do not come along often. Truly a once in a lifetime offering!
How this price compares
This lot asks $33 per square foot of lot. That is 69% below the median of $108 across the 150 active lots VanPlex is showing in Abbotsford, and puts it 35 of 150 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $8,950,000
- Lot size
- 267,894 sqft
- Lot dimensions
- 143.7 x IRREG
- Frontage
- 143.7 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1979
- MLS® area
- Abbotsford East
- MLS® number
- R3157512
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Listing data via MLS®. Displayed for information only.