William Wright Commercial is proud to present this fourplex estate with development potential to the market. This property is currently zoned R5; Low Rise up to 4 stories or Townhouse development, sitting on over 8,700SF. Combined with the surrounding properties, there is the potential for almost 42,000SF of development land. There is exceptional holding income with 4 units commanding top dollar rents for the area. All of the suites have been modernized within the last 12 months. The building features updated flooring, overhauled mechanical repairs, features a coin operated laundry room as extra income, tons of storage areas, and 4 separate meters for hydro, etc. The building is in a great location that is walking distance to schools, downtown and shopping.
46198 Mellard Avenue, Chilliwack,
± 8,774 SQFT
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Medium Density: Multi-Family Residential
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