$6,950,000
32551 FRASER CRESCENT
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Location
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Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
A 3.73-acre Infill Multi Family Development Site, located in Mission Core. The draft development plan consists of 49 apartments, 32 Townhomes & 4 Duplexes. The property offers immediate access to Lougheed Highway and seamless connectivity via the Abbotsford-Mission Highway. High visibility and significant local traffic ensure future success for the community. (id:65958)
- Subtype
- Vacant Land
- Common interest
- Freehold
- Lot size
- 3.73 acres
- Lot dimensions
- 3.73
- On market
- Mar 13, 2026
- Status changed
- Apr 18, 2026
- Annual tax
- $33,548.96 (2025)
- Photos
- 1
- MLS#
- R3094268
- Area
- MISSION
Cash on cash
-11.27%
Cap rate
3.64%
GRM
16.7
Break-even rent
$48,487
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Mission. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.