Chilliwack Development Site

45880–45898 Chesterfield Ave, Chilliwack

Sold for $1,250,000

$1,250,000

Sale Price

4

Lots

30,971 Sq Ft

Total Lot Size

R6

Zoning

DESCRIPTION

Sold land assembly development site of four side-by-side lots in a pivotal location downtown Chilliwack. At the time of sale, existing improvements included three houses rented for a total of $2,900 per month.

Property had been re-zoned and approved for R6, multifamily up to 25m in height. Zoning allowed for up to 64 seniors units or 53 apartment units on this site. Site is level and offers easy access from the 212 feet of frontage or wide lane access.

Municipal services and all utilities are at the lot line with minimal upgrades needed for multifamily development. Street is quiet and calm with only local traffic. The site is located within steps of every type of amenity.

Several other new condo buildings surround this land assembly development site.

SPECIFICATIONS

Property Type · Development Land
Zoning · R6 (Multifamily Residential)
Lot Dimensions · 212 x 146 Ft
Sq Ft Buildable · 108,395 Sq Ft
Units Buildable · 53 Strata Condos or 64 Seniors Rental Units

HIGHLIGHTS

• New Condo Buildings on Two Sides

• Amenities and Shopping Walking Distance

• Zoned for 5-Storey Apartment Building

LOCATION

45880-45898 Chesterfield Avenue
Chilliwack, BC V8J 2V8