45719 KIPP AVENUE, Chilliwack
$699,000
This 7,788 sqft property in Chilliwack is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
Investor & Developer Alert! This 7,788 SQFT R2 (Urban Residential Transition)-zoned lot near the heart of downtown Chilliwack offers solid holding income plus redevelopment upside via potential land assembly. The property includes a well-kept 1,222 SQFT 3-bedroom, 1-bath 1½-storey home with updates over the years such as new flooring, fresh paint, updated appliances and more. R2 permits single detached dwellings and limited apartment/boarding-house uses (primarily by conversion); the site sits among similar R2 properties, ideally positioned for future assembly amid Chilliwack’s ongoing downtown revitalization and densification. BONUS — large storage shed included! Minutes from shopping, schools, parks and major amenities in one of the city’s fastest-growing areas.
How this price compares
This lot asks $90 per square foot of lot. That is about the same as the median of $90 across the 178 active lots VanPlex is showing in Chilliwack, and puts it 89 of 178 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $699,000
- Lot size
- 7,788 sqft
- Lot dimensions
- 59.6 x 40.3
- Frontage
- 59.6 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1936
- MLS® area
- Chilliwack Proper West
- MLS® number
- R3150694
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Listing data via MLS®. Displayed for information only.