three-lot land assembly built on family trust and real results

  • trusted by repeat client
  • a family legacy sale handled with care and strategy
$980,000 sold
address 45719–45731 Princess Ave, Chilliwack, BC
lot size 23,250 SF
assembled lots 3
zoning R6
frontage 150'

listing
description

 

This land assembly in downtown Chilliwack wasn’t just a transaction — it was a family decision, shaped by decades of ownership and the trust passed between generations.

I worked directly with a repeat client to guide them through the process. These properties weren’t just investments. They were part of the family’s story — cared for, rented out, maintained over the years. When it was time to consider selling, they wanted more than a sign on the lawn. They wanted a process they could trust, from someone who understood both the business and the meaning behind it.

That’s where I came in. We reviewed the planning context, discussed future land use, and built a strategy around timing, rezoning, and long-term value. At the time of sale, the site was zoned R6, supporting up to 39 condo units or 48 seniors housing units, with services at the lot line and a clean, level site. Buyers weren’t just getting land — they were buying clarity and a plan.

For many families, land ownership represents years of work, care, and sacrifice — regardless of origin or background. When the time comes to sell, my role is to ensure the process is quiet, clear, and built to deliver lasting value.

This sale delivered just that: a well-executed land assembly with strong fundamentals and a process built on care, respect, and results.

 

investment
thesis

 

Three-lot, fully serviced land assembly in downtown Chilliwack with R6 zoning in place. Ready for mid-rise residential development with clear upside.

 

policy
context

 

Zoned R6 (Multifamily Residential) and located within the Downtown OCP, the site supports development of up to 25 metres in height. Approved densities allowed for 39 condo or rental units, or 48 seniors congregate care suites. Services were at the lot line, with full lane access and 150 feet of frontage.

 

buyer
appeal

 

Buyers moved quickly thanks to the clean zoning, level site, and low off-site costs. The sale included three tenanted homes bringing in $2,950/month — providing holding income while redevelopment planning progressed. But the real value was in the strategy: rezoning already done, groundwork complete, and a seller who had positioned their property the right way.

  • Trusted by a repeat client

  • Fully rezoned and serviced assembly

  • Built on respect, legacy, and strategic execution

 

specifications

  • Sold Price: $980,000

  • Total Lots: 3

  • Lot Size: 23,250 SF

  • Zoning: R6

  • Buildable Area: Approx. 78,000 SF

  • Buildable Units: 39 condo/apartment units or 48 seniors rentals

  • Lot Dimensions: 150 ft x 155 ft

  • Frontage: 150 ft

  • Lane Access: Full

  • Existing Income at Sale: 3 rented homes generating $2,950/month

  • Location: 2.5 blocks from Five Corners, 100 ft from old Safeway redevelopment site

  • Legal Description: Available on request

gallery
of images

 

buying, selling, or planning ahead?
let’s talk

 
 
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