The historic Sumas Powerhouse goes up for auction starting on Friday. Submitted photo

Historic ‘Sumas Powerhouse’ in Abbotsford going up for auction

Former B.C. Electric substation - now a redesigned luxury property - open for bids starting Friday

One of the oldest buildings in Abbotsford is officially open for bids beginning on Friday.

The Sumas Powerhouse, built in 1906 by the B.C. Electric Corporation, is available to the highest bidder, and the completely restored and modernized property will sell without reserve by March 28.

Located at 39623 Old Yale Road, the Powerhouse boasts 12 bedrooms, 10 bathrooms, five kitchens, four balconies, an elevator and a 1,000-bottle wine cellar.

The property spans 11,462 square feet and includes more than 2.35 acres of land.

It was last listed at $4.999 million, but the without-reserve stipulation means the market will dictate both its pricing floor and ceiling.

American company Concierge Auctions is handling the auction portion of the sale, and project sales manager Scott Pate said his company offers luxury-property sellers the chance to ease the sales process.

“Luxury property can sometimes sit on the market for a long time, and this electric station is a great example of a very unique property that is difficult to find a buyer for because there really are no comparables,” he said.

Pate arrived in Abbotsford in late-February and has been hosting open houses at the location every day.

“A project manager like me comes on site for four to six weeks and we market the property extremely hard,” he said. “We want to create a buzz for it in Abbotsford and Vancouver, but we have wide-reaching arms all over the world, and the auction process makes it more available for people in all different time zones.”

The auction process is similar to eBay, with all bids being submitted online.

Those interested in participating in the auction must sign all the terms and conditions and wire in a $100,000 refundable bidder deposit.

The winning bid has 30 days to close the sale, just like any other real estate transaction.

Pate and Concierge Auctions also partner with a local agent, and in this case are working with Sara Gilloly of Re/Max All Points Realty.

Pate said the Sumas Powerhouse, which was used for many years to house equipment for the Fraser Valley line of Vancouver’s commuter and cargo streetcar system, is an extremely unique property.

“What a legendary building this is,” he said. “I’ve heard lots of stories from many of the locals coming in. I didn’t see what it looked like before, but what an amazing finish job the seller has done. There is so much imagination put into it and the overall quality is just fantastic.”

Bidding opens on Friday at 2 p.m. For more information, visit conciergeauctions.com/auctions/39623-old-yale-road-abbotsford-british-columbia-canada.

Just Posted

Come visit the cute little critters at Elizabeth’s Wildlife Center

Abbotsford centre holds annual open house on Aug. 24 and 25

Abbotsford Police ‘speed watchers’ are tops in province

Volunteers record highest increase in patrol hours in ICBC challenge

UPDATE: Abbotsford woman reported missing from Chilliwack has been found

Alexis Neill, 26, located safe and sound, police say

Event supports women’s centre that is at risk of having to move

Abbotsford women’s recovery program holds annual Victory Walk

Son of slain former Hells Angel is one of two men sentenced for crime spree

Pair’s 2017 series of robberies included convenience store in Abbotsford

VIDEO: Facebook rolls out tool to block off-Facebook data gathering

CEO Mark Zuckerberg announced the “clear history” feature more than a year ago

Teacher disciplined after bringing 45 grams of cannabis to Surrey school

Eugenio Bahamonde was also charged with trafficking in Vancouver, but later acquitted

B.C. rainbow crosswalk covered in mysterious black substance

Black substance spilled intentionally near Vancouver Island school and difficult to remove

RCMP originally planned to arrest Meng Wanzhou on plane, defence lawyers say

The allegations have not been proven in court. Meng was arrested Dec. 1 at Vancouver airport at the behest of the U.S.

Bodies of two missing Surrey men found near Ashcroft

Ryan Provencher and Richard Scurr have been missing since July 17

Ethics commissioner ready to testify on Trudeau, SNC-Lavalin: NDP critic

A new poll suggests the report hasn’t so far hurt the Liberals’ chances of re-election this fall

Inflation hits Bank of Canada 2% target for second straight month

Prices showed strength in other areas, including an 18.9 per cent increase in the cost of fresh vegetables

VIDEO: Organization’s stolen wheelchair van recovered on backroad near Hope

Wheelchair accessible van is only transportation for some people in Hope area

Most Read