6396 SUMAS PRAIRIE ROAD, Chilliwack
$2,999,999
This 27,227 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.
Exceptional 0.63-acre property in the highly sought-after Greendale area. This versatile parcel features a well-maintained five-bedroom, two-bath family home along with a four-unit commercial building. The spacious 2,134 sq. ft. residence offers a large private backyard with stunning mountain views and showcases a thoughtful blend of updated and original features. The property also presents excellent redevelopment potential for a two-storey commercial building with six storefronts and loading bays. All existing units are fully leased to reliable long-term tenants who would be pleased to remain. The asking price reflects an estimated 5.26% cap rate return. A rare and outstanding opportunity to acquire a truly special property.
How this price compares
This lot asks $110 per square foot of lot. That is 22% above the median of $90 across the 178 active lots VanPlex is showing in Chilliwack, and puts it 138 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
- $2,999,999
- Lot size
- 27,227 sqft
- Lot dimensions
- 330.5 x
- Frontage
- 330.5 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1970
- MLS® area
- Greendale
- MLS® number
- R3085990
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Listing data via MLS®. Displayed for information only.