Exclusive Listing. Please enquire via email to admiraalteam@gmail.com for development opportunities in Chilliwack. Chilliwack, BC Real Esate. Development Opportunity or Country Home and Yard in the City. Adjoining Property Also Available.
2 storey with basement on a private .72 of an acre in the city and well situated for redevelopment with adjoining property also available. Large character home at this address with 2,990 total sq ft, 2 kitchens, 3 bdrms, 2 full baths and 2 living rooms all on the main with significant additional living space up and separate entry to the basement. A solid home provides an opportunity to have two separate living spaces. Plus workshop and 2 car carport. Appliances included. Adjoining property also available for under $250,000 providing 1 bedrm plus den, 660 sq ft living space with detached garage/workshop on a 60ft by 180 ft lot. Together these two properties provide just under 1 acre, a 42,100 sq ft property with 178 ft of frontage along First Ave providing ample space and opportunity upon approval for a strategic redevelopment in this area of Chilliwack. A new apartment building is currently being constructed 2 blocks west of this location. Rental income for 3 living spaces on these two properties should generate $3,000/month enabling an Investor/Developer to hold the property until proposal accepted by the City or until Investor/Developer is ready to act on the opportunity. Chilliwack Real Estate is considered by many Real Estate advisors to be an excellent place to hold property as there are significant ALR properties(land protected for agriculture) in Chilliwack providing a limited supply of buildable land; meanwhile, Chilliwack is quickly turning into a sophisticated City surrounded by the great outdoors.
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