9287-9287 ARMITAGE STREET, Chilliwack
$886,000
This 8,140 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.
Rarely available investment property with side by side 4 bedrooms 2 baths duplexes! Both side tenanted, and 1 side got fully renovated in 2023. Centrally located in a quiet neighborhood, close to the downtown core of Chilliwack and all amenities, steps to Armitage Park, shops, restaurants, and all level of schools. Corner lot with huge frontage. R1-A zoned for Condo/Townhouse, check city for future development plan. Showing by appointment only. Separate hydro meter, Tenants pay all utilities and maintenance, Landlord pays property tax only. Current cap rate 4.3%.
How this price compares
This lot asks $109 per square foot of lot. That is 22% above the median of $89 across the 175 active lots VanPlex is showing in Chilliwack, and puts it 140 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
- $886,000
- Lot size
- 8,140 sqft
- Lot dimensions
- 110 x
- Frontage
- 110 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1957
- MLS® area
- Chilliwack Proper East
- MLS® number
- R3165757
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Listing data via MLS®. Displayed for information only.