8561 BROADWAY STREET, Chilliwack
$1,064,999
This 7,518 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.
Rare Broadway opportunity with strong holding income and future upside. 4 bed, 3 Full bath rancher on a flat approx. 7,518 sq ft lot with ~70 ft frontage in Chilliwack Proper South. Currently rented, making this an excellent buy-and-hold for investors, builders, or families seeking land value in a growing corridor. Located within the City’s MXR — Mixed Residential OCP designation, which supports a range of housing forms including multiplex and townhouse-style development, subject to rezoning and City approval. Opportunity to purchase with adjacent 8565 Broadway for a larger parcel and stronger assembly potential. Close to schools, parks, shopping and transit. Hold, rent, live in, renovate, or explore future redevelopment. Private showings by appointment only.
How this price compares
This lot asks $142 per square foot of lot. That is 57% above the median of $90 across the 178 active lots VanPlex is showing in Chilliwack, and puts it 172 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
- $1,064,999
- Lot size
- 7,518 sqft
- Lot dimensions
- 70.19 x 21.39
- Frontage
- 70.19 ft
- Bedrooms
- 3
- Bathrooms
- 3
- Year built
- 1961
- MLS® area
- Chilliwack Proper South
- MLS® number
- R3121320
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Listing data via MLS®. Displayed for information only.