34687 Ferndale Avenue Mission

$ 50,000,000

Studio Bathrooms

Description

Area
34687 Ferndale Avenue Mission, BC
$0
ID#
Bathroom(s)
Bedroom(s)
Mission, British Columbia
64 Acres rezoned to 190 - 1/4 acre parcels

Proforma Estimate
Lot Sales $125M
Servicing $ 30M
Land $ 50M
Net $ 45M

• Located in Mission, BC at the foot
of Ferndale Ave and Erickson St.
• City water is at the curb, road
access is existing
• Site needs to be rezoned to 190 ¼
acre lots
• Similar to Eagle Mtn., Abbotsford
where smaller lots trade at $750k+
• Lots are estimated to sell at an
average price of $670k
• Views to Vancouver Island and Pt.
Roberts
• Comparable zoning is across the
street and down the street (see
orange circle on map below)
• Preliminary Layout Approval (PLA)
will take about 12 months
• Vendor has list of builders who
can purchase lots at PLA
• Vendor may carry up to 50% of
purchase price in 2nd position

Street View/Map:

Walk Score:

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