SOLD multifamily development site at 45719 – 45731 Princess Ave, Chilliwack. Site includes three side-by-side lots in a transitional area downtown Chilliwack. Existing improvements include three houses rented for a total of $2,950 per month.
Property is zoned and R6, multifamily up to 25m in height, and is part of the downtown OCP. Build up to 48 seniors congregate care units or 39 market condo/rental apartment units on this site.
Site is level and offers easy access from the 150 feet of frontage and 150 feet of lane access. Municipal services and all utilities are at the lot line with minimal upgrades needed for multifamily development.
Site location is in a transitional area of downtown, just 2 1/2 blocks from the famous “Five Corners” intersection and 100 ft away from the old Safeway site, recently sold and slated for re-development.
Street is quiet and the site is located within steps of every conceivable type of amenity.
Combine bold entrepreneurship, incisive analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services,…