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46915 YALE Road
Little Mountain Chilliwack V2P 2S6

$2,600,000
Land Commercial, Multi-Family Commercial

Main Photo: 46915 YALE Road in Chilliwack: Little Mountain Land Commercial for sale : MLS®# C8065752
Photo 1: 46915 YALE Road in Chilliwack: Little Mountain Land Commercial for sale : MLS®# C8065752
Photo 2: 46915 YALE Road in Chilliwack: Little Mountain Land Commercial for sale : MLS®# C8065752
Photo 3: 46915 YALE Road in Chilliwack: Little Mountain Land Commercial for sale : MLS®# C8065752
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Photo 7: 46915 YALE Road in Chilliwack: Little Mountain Land Commercial for sale : MLS®# C8065752
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Photo 11: 46915 YALE Road in Chilliwack: Little Mountain Land Commercial for sale : MLS®# C8065752
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8065752
Prime location with OCP designation for RES3-low rise apartment. This property is ripe for redevelopment and comes with DP drawings, Geotech report, and demo permit, saving the next developer/builder valuable time and money in the development process. Proposed 40 unit 5 storey wood frame apartment building showcasing amazing southern mountain and farmland views. Generous sized units with a good mix of floorplans, including lots on the top floor, designed to suit many buyer demographics. This will be an exciting project to build out and bring to the market! There is a multifamily unit/motel and a single family house on the property, currently rented and managed by an on site caretaker. Tenant rights apply, please do not approach tenants or walk on property without an appointment. Info package available upon request.
Sale Type:
Asset or Share
Name of Complex/Subdivision:
# Other Units:
Lot Area:
1.02 acre(s)
Acres Freehold:
1 acre(s)
Land Use/Zoning:
CS2
Permitted Use:
Mixed Use, Multifamily (5+)
Taxes:
$11,100.19 / 2024
Services Connected:
Electricity, Garbage Collection, Natural Gas, Sanitary Sewer, Sewer - Storm, Street Lighting, City Water at Lot Line
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by Century 21 Creekside Realty
Data was last updated January 22, 2025 at 06:10 AM (UTC)
ALEX REN
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