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

$1,379,800

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:46156)

Property Details

MLS® Number	R3072173
Property Type	Single Family
Structure	Workshop
View Type	Mountain View

Building

Bathroom Total	2
Bedrooms Total	5
Appliances	Washer, Dryer, Refrigerator, Stove, Dishwasher
Basement Development	Partially Finished
Basement Type	Unknown (partially Finished)
Constructed Date	1973
Construction Style Attachment	Detached
Fireplace Present	Yes
Fireplace Total	2
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,400 Ft2
Type	House

Land

Acreage	No
Size Frontage	80 Ft
Size Irregular	11040
Size Total	11040 Sqft
Size Total Text	11040 Sqft

Rooms

Level	Type	Length	Width	Dimensions
Lower Level	Living Room	23 ft	13 ft	23 ft x 13 ft
Lower Level	Bedroom 4	16 ft	11 ft	16 ft x 11 ft
Lower Level	Bedroom 5	12 ft	12 ft	12 ft x 12 ft
Lower Level	Den	11 ft	11 ft	11 ft x 11 ft
Main Level	Living Room	17 ft	13 ft	17 ft x 13 ft
Main Level	Dining Room	10 ft	10 ft ,9 in	10 ft x 10 ft ,9 in
Main Level	Primary Bedroom	13 ft	13 ft	13 ft x 13 ft
Main Level	Bedroom 2	11 ft	10 ft ,9 in	11 ft x 10 ft ,9 in
Main Level	Bedroom 3	10 ft	10 ft	10 ft x 10 ft
Main Level	Kitchen	10 ft	10 ft	10 ft x 10 ft
Main Level	Laundry Room	6 ft	8 ft	6 ft x 8 ft

https://www.realtor.ca/real-estate/29167312/46420-first-avenue-chilliwack-proper-east-chilliwack