8687 ELM DRIVE, Chilliwack
$879,900
This 10,018 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.
Rancher Duplex on 0.23 Acres – Backing onto Park! Fantastic investment or multi-family opportunity! This well-maintained rancher duplex sits on a large 0.23-acre lot backing onto a city park in a quiet, sought-after neighborhood. Each side features 2 bedrooms, 1 bathroom, spacious living/dining rooms, and in-suite laundry. Highlights include hardwood floors, tile updates, vinyl windows, a 3-year-old roof, and a new furnace on one side. One unit offers a covered patio and private fenced yard. Detached double garage + ample parking. Currently generating $3,800/month rental income. A rare find with great upside! The surrounding area offers convenient access to schools such as Robertson Elementary School, A D Rundle Middle School, Chilliwack Middle School.
How this price compares
This lot asks $88 per square foot of lot. That is about the same as the median of $89 across the 175 active lots VanPlex is showing in Chilliwack, and puts it 86 of 175 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
- $879,900
- Lot size
- 10,018 sqft
- Lot dimensions
- 0 x 0
- Frontage
- 0 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1954
- MLS® area
- Chilliwack Proper South
- MLS® number
- R3108654
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Listing data via MLS®. Displayed for information only.