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.
For Sale
46198 Mellard Avenue, Chilliwack,
Canada
± 8,774 SQFT
Development Land
Contact Listing Agent
$4,700.54
R5
Medium Density: Multi-Family Residential
This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
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