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 $457 per square foot, this Chilliwack property is competitively priced compared to the city's average of $350 per square foot for vacant land. The combination of a tenanted home and the adjacent development potential makes this an attractive opportunity for experienced investors seeking to expand their portfolio. This property would appeal to developers or savvy real estate investors who can maximize the redevelopment potential, leveraging the current rental income and the possibility of subdividing the land into multiple lots under the province's infill regulations.
Property Details
Location
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