See all 8 photos
8 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,680,000
Est. payment /mo
7,900 SqFt
UPDATED:
02/21/2025 05:12 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,900 sqft
Price per Sqft $465
Subdivision Chilliwack Downtown
MLS Listing ID C8066821
Year Built 1950
Annual Tax Amount $18,680
Tax Year 2024
Property Description
Motivated Seller! *Owner Retiring – Prime Investment Opportunity in Downtown Chilliwack!* Seize this exceptional opportunity to acquire a standalone downtown Chilliwack building with significant future potential. Recently rezoned for high-density use (confirm specifics with Chilliwack City Hall), this property is ideal for investors seeking a high-yield asset. **Highlights:** - **7% cap rate** (excluding business operations). - **7 fully occupied residential units** on the upper floor (renovated in 2018; 4,240 sq. ft. total, offering 3-bedroom, 2-bedroom, 1-bedroom, and bachelor suites). - **6 retail spaces** across 4,650 sq. ft. of commercial space - **Sale includes restaurant businesses.** Act now to capitalize on this prime downtown location and versatile income-generating asset! Seller motived.
Location
State BC
Community Chilliwack Downtown
Area Chilliwack
Building/Complex Name WOODSTONE BUILDING
Zoning British Columbia Default Zone
Region Chilliwack
City Region Chilliwack
Exterior
Roof Type Tar & Gravel
Building
Dwelling Type Business with Property,Multi-Family Commercial
Story 2
Water Municipal
Structure Type Concrete Block,Mixed
Read Less Info
Listed by LeHomes Realty Premier