33923 George Ferguson Way is located in Abbotsford, BC. Abbotsford is one of the fastest growing cities in British Columbia. The current population for the area is 131,827 people with a growth rate of 1.4% (www.bcstats.gov.bc.ca-2007). The property is located along bus route 4 in Abbotsford and is within a few blocks of other major bus routes, which access all areas of Abbotsford.
Abbotsford’s multi-family market provides a low risk investment environment, with vacancy rates at 2.1% (CMHC October 2007), attracting many investors to the area. The building has strong up-side to increase the operating income as rents are well below CMHC’s Abbotsford market averages per unit type.
