46031 CLEVELAND AVENUE, Chilliwack
$824,999
This 8,712 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.
DEVELOPERS & INVESTORS: Outstanding opportunity in Chilliwack’s growing downtown with excellent future redevelopment potential. Designated RES-3 (Low Rise Apartment) under the OCP (buyer to verify with the City of Chilliwack). Currently generating $3,500/month in rental income, this is an ideal holding property while planning for future development. Situated on an 8,712 sq.ft. corner lot, this well-maintained 2-storey with basement home offers 6 bedrooms, 4 full bathrooms, updated kitchen, family and living rooms, skylights, heat pump, newer thermo windows, 6-year roof, 3-year gutters, new sump pump, open-concept main floor, and a fully fenced yard with mature landscaping. [OPEN HOUSE SAT ONLY, July 11, 2-4PM]
How this price compares
This lot asks $95 per square foot of lot. That is 5% above the median of $90 across the 178 active lots VanPlex is showing in Chilliwack, and puts it 99 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
- $824,999
- Lot size
- 8,712 sqft
- Lot dimensions
- 66 x 132
- Frontage
- 66 ft
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- 1934
- MLS® area
- Chilliwack Proper East
- MLS® number
- R3140170
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Listing data via MLS®. Displayed for information only.