DEVELOPERS & INVESTORS: Prime holding property in Chilliwack's rapidly evolving downtown area with excellent future redevelopment potential. Designated RES-3 (Low Rise Apartment) under the OCP (buyer to verify development potential with the City of Chilliwack). This well-maintained property generates $2,600/month in rental income, making it an ideal investment while planning for the future. Situated on a desirable corner lot featuring a detached workshop, double garage, RV parking, large driveway, covered porch, and full ensuite. [[OPEN HOUSE AUG 8: 4-6PM & AUG 9: 2-4PM!]] (id:27476)