About This Property
This rare land assembly includes two neighbouring properties in a prime location. One features a 1/2-acre lot with a 1,500 sq. ft. 3-bedroom, 1-bath home currently generating $1,600/month with reliable tenants in place. The adjacent ¼-acre vacant lot adds excellent development potential. Under current provincial infill regulations, the combined properties may allow for 5"“6 lots, or the option to build two homes on large lots. Located directly across from Canex Building Supplies and close to shopping, restaurants, schools, and Highway 1, the area is ideal for homeowners, investors, or a home-based construction business. Build now, hold as an investment, or explore redevelopment potential in one of Sardis' most desirable communities. Contact listing Realtor for more details. * PREC - Personal Real Estate Corporation (id:64973)
At $599,000 for a combined 0.75-acre lot in Chilliwack, this property presents a compelling value proposition at $398 per square foot, significantly lower than the city's current average of $500 per square foot. This development opportunity is well-suited for savvy investors looking to capitalize on Chilliwack's growing demand for infill housing, with the potential to maximize returns through the construction of multiple units on the combined lots.
Property Details
Location
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