2172 MCKENZIE ROAD
Abbotsford, BC V2S3Z8
$2,233,800
Property Details
Ownership & Fees
- Property type
- Other
- Annual property tax
- $9,786.21 (2025)
Interior
- Fireplace
- None
Listing Information
- MLS®
- C8074449
- Listed
- December 10, 2025
- Time on market
- On the market for 276 days
- Tax assessment year
- 2025
- Data last synced
- September 13, 2026
Listing provided by: eXp Realty of Canada, Inc. · Data source: CREA DDF.
Description
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. (id:63159)
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Abbotsford average
$587/sqft
13 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
14°C
Mostly Cloudy
Humidity 82%
Wind N 2 km/h
Tonight
12°
Sunday
21°
Sunday night
12°
Monday
20°
Monday night
11°
Tuesday
19°
Source: Environment and Climate Change Canada.
Population
153,524
(2021 Census)
+8.6% since 2016
Density: 409/km²
Dwellings: 55,659
Median household income: $90,000
After-tax: $81,000
Immigrant population: 28.6%
Top countries of origin (% of total population)
- India15.5% · 23,835
- United Kingdom1.5% · 2,315
- Philippines1.1% · 1,730
- United States of America0.9% · 1,395
- Netherlands0.6% · 890
- Viet Nam0.6% · 880
- Korea, South0.6% · 845
- China0.5% · 840
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Alexander Elementary | Elementary | 432 m |
| Abbotsford Senior Secondary School | Secondary | 1.3 km |
| William A. Fraser Middle School | Middle | 1.4 km |
| Yale Secondary | Secondary | 1.5 km |
| Abbotsford Middle School | Middle | 1.5 km |
| McMillan Elementary | Elementary | 1.7 km |
| Godson Elementary | Elementary | 1.8 km |
| Jackson Elementary | Elementary | 2.0 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (5+)
- The Keg · 2142 West Railway Street317 m
- Meat & Bread Test Kitchen693 m
- Noodlebox694 m
- Little Japan Sushi757 m
- Hot Chili House762 m
Cafes (2)
- Tim Hortons · 2135 Abbotsford Way374 m
- Common Place Café722 m
Grocery (1)
- No Frills · 34249 Marshall Road518 m
Parks (4)
- Berry Park501 m
- Renton Park634 m
- Shore Park · 1853 Shore Crescent639 m
- Gilmour Park · 33932 Gilmour Drive725 m
Shopping (2)
- Unnamed302 m
- Onyx Plaza · 33643 Marshall Road764 m
Gyms (2)
- Hybrid Athletics · 2009 Abbotsford Way348 m
- Movement Society · 34077 Gladys Avenue383 m
Pharmacies (2)
- Pharmasave · 34143 Marshall Road337 m
- Marshall Pharmacy578 m
Healthcare (5+)
- GABRIEL CHU271 m
- Obstetrics & Gynecology275 m
- Dr. Christopher S. Neville279 m
- CareXus Clinic · 34143 Marshall Road344 m
- Tadrous Eye Centre · 34143 Marshall Road365 m
Nearby places data: © OpenStreetMap contributors.
School district: Abbotsford (SD34)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($446,760) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.