About This Property

Rarely available investment property with side by side 4 bedrooms 2 baths duplexes! Both side tenanted, and 1 side got fully renovated in 2023. Centrally located in a quiet neighborhood, close to the downtown core of Chilliwack and all amenities, steps to Armitage Park, shops, restaurants, and all level of schools. Corner lot with huge frontage. R1-A zoned for Condo/Townhouse, check city for future development plan. Showing by appointment only. Separate hydro meter, Tenants pay all utilities and maintenance, Landlord pays property tax only. Current cap rate 4.54%.

Property Details

MLS® #

R3165757

Status

Active

Type

Residential

Sub-type

Single Family Residence

Style

Split Entry

Ownership

Freehold NonStrata

Bedrooms

Full Baths

Half Baths

Living Area

1,484 sqft

Main Floor

1,484 sqft

Basement

Yes

Lot Size

8,140 sqft

Lot Dimensions

110 x

Frontage

110

Year Built

1957

Age

69 years

Structure

Residential Detached

Parking Stalls

Parking Type

Detached

Taxes

$3,670.34/yr

MLS® Area

Chilliwack Proper East

City

Chilliwack

Postal Code

V2P 5Y3

Draft CPS Offer

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Redevelopment Potential

Multiplex potential: on a ~756 m² lot, BC’s small-scale housing law requires the municipality to allow at least 4 units (up to 6 near frequent transit), where it applies.

Screening estimate from provincial regulations (TOA station points, B.C. Reg. 263/2023 & 265/2023; small-scale multi-unit housing rules). Distances are straight-line; actual TOA maps are set by municipal bylaw and some parcels (heritage, ALR, exempt areas) are excluded. Confirm with the municipality before relying on it.

Land & Flood Check

Not in the Agricultural Land Reserve.

The listing’s flood plain disclosure is available to registered users. Create a free account or sign in.

ALR from the Agricultural Land Commission via DataBC (point check at the listing’s mapped location). Flood plain is the listing brokerage’s disclosure. Confirm both with the municipality and your lawyer.