46323 MAGNOLIA AVENUE, Chilliwack
$990,000
This 10,979 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.
This MASSIVE 1/4 ACRE LOT has a large 3451 sqft split level home with 3 bdrms up PLUS a 2 bdrm suite and potential ROOM TO BUILD A COACH HOUSE or take down the existing house and BUILD A DUPLEX! Full appliances up and down, single car garage, large driveway and a fenced yard make this home an ideal opportunity for families or investors offering flexibility for income generation, multi-generational living or room to grow. Move in and enjoy the friendly neighborhood setting minutes away from schools, parks, shopping, recreation and all that Chilliwack has to offer. A diamond in the rough with R1-A zoning opening up endless opportunities!
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 90 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
- $990,000
- Lot size
- 10,979 sqft
- Lot dimensions
- 73 x irreg.
- Frontage
- 73 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1970
- MLS® area
- Chilliwack Proper East
- MLS® number
- R3152808
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Listing data via MLS®. Displayed for information only.