Developer Alert: Multi-Family Future Subdivision Potential! This property offers a flexible investment opportunity, currently serving as a rental, with the potential to acquire five additional properties beside it and transform the site into a 40-unit townhouse complex, or simply hold as land in a rapidly developing neighborhood. Located in Chilliwack Proper East, this rare high-yield investment features a large 11,040 sq ft lot with 80 ft of frontage. The 3-bedroom (with potential for 5 bedrooms), 2-bathroom home is currently generating $3,000/month in rental income, providing immediate cash flow along with significant development upside. Don't miss out on this exceptional opportunity! (id:4069)
Address
46420 FIRST AVENUE|Chilliwack Proper East
List Price
$1,379,800
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
British Columbia
Sub-Area
Chilliwack
Bedrooms
5
Bathrooms
2
Floor Area
1,400 Sq. Ft.
Lot Size
11040 Sq. Ft.
Year Built
1973
MLS® Number
R3072173
Listing Brokerage
Royal LePage Global Force Realty
Basement Area
Unknown (Partially finished)
Postal Code
V2P1W9
Site Influences
View
