46420 First Avenue|chilliwack Proper East, Chilliwack, British Columbia V2P 1W9

Listed for:
$1,379,800
5 beds
2 baths
Listed 72 days ago
House for rent: 46420 First Avenue|chilliwack Proper East, Chilliwack, British Columbia V2P 1W9

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About

Developer Alert: Multi-Family Future Subdivision Potential! This property offers a flexible investment opportunity, currently serving as a rental, with the potential to acquire five additional properties beside it and transform the site into a 40-unit townhouse complex, or simply hold as land in a rapidly developing neighborhood. Located in Chilliwack Proper East, this rare high-yield investment features a large 11,040 sq ft lot with 80 ft of frontage. The 3-bedroom (with potential for 5 bedrooms), 2-bathroom home is currently generating $3,000/month in rental income, providing immediate cash flow along with significant development upside. Don't miss out on this exceptional opportunity! (id:27476)

Property Highlights

MLS® Number
R3072173
Type
Single Family
Ownership Type
Freehold
Land Size
11040 sqft

Building

Building Type
House
Storeys
2.00
Square Footage
1400 sqft
Bathrooms Total
2
Bedrooms Total
5
Fireplace Present
Yes
Basement Type
Unknown (Partially finished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type

Location

Learn more about this property
Listing provided by:
Royal LePage Global Force Realty
MLS® number:
R3072173
Agent:
Hamed Yayah
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Street Spotlight - For sale