About This Property
45614 Bernard Ave presents a rare infill redevelopment opportunity designated MXR (Mixed-Use Residential) in the Official Community Plan. The site supports a broad range of high-density uses including townhouse development (conceptual yield ±17 units), multifamily residential, medical/professional building, and neighbourhood-serving commercial. The MXR designation encourages compact urban form, increased residential density, and employment-generating uses, making this an ideal site for mixed-use or phased development. Strategically located within an established growth corridor with proximity to transit, amenities, and services, the property offers strong fundamentals for developers seeking flexible zoning intent, density upside, and long-term value creation in a rapidly evolving urban node * PREC - Personal Real Estate Corporation (id:64973)
The $594 per square foot price tag for this Chilliwack property is slightly above the city's current average, but the flexibility of the MXR zoning and the large 23,522 square foot lot size make it an attractive redevelopment opportunity for investors or developers seeking to maximize density. Given the site's potential for townhomes, multifamily residential, or commercial uses, this property presents a compelling option for buyers seeking to capitalize on Chilliwack's growing demand for diverse housing and employment-generating real estate.
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