Developer Alert: Multi-Family Future Subdivision Potential! This property offers a flexible investment opportunity, currently serving as a rental, with the potential to acquire five additional properties beside it and transform the site into a 40-unit townhouse complex, or simply hold as land in a rapidly developing neighborhood. Located in Chilliwack Proper East, this rare high-yield investment features a large 11,040 sq ft lot with 80 ft of frontage. The 3-bedroom (with potential for 5 bedrooms), 2-bathroom home is currently generating $3,000/month in rental income, providing immediate cash flow along with significant development upside. Don’t miss out on this exceptional opportunity!
Address
46420 First Avenue
List Price
$1,379,800
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Chilliwack
Sub-Area
Chilliwack Proper East
Bedrooms
5
Bathrooms
2
Half Bathrooms
1
Floor Area
1,400 Sq. Ft.
Main Floor Area
1400
Lot Size
11040 Sq. Ft.
Lot Size Dimensions
80 x
Lot Size (Acres)
0.25 Ac.
Lot Features
Central Location
Lot Size Units
Square Feet
Total Building Area
2580
Frontage Length
80
Year Built
1973
MLS® Number
R3072173
Listing Brokerage
Royal LePage Global Force Realty
Basement Area
Partially Finished
Postal Code
V2P 1W9
Zoning
R1A
Ownership
Freehold NonStrata
Parking
Additional Parking, Front Access, Side Access
Parking Places (Total)
6
Tax Amount
$3,257.70
Tax Year
2025
Site Influences
Central Location, Garden
Exterior Features
Garden
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Chilliwack
Heating
Yes
Heat Type
Forced Air, Natural Gas
Fireplace
Yes
Fireplace Features
Other
Number of Fireplaces
2
Garage
Yes
Carport
Yes
Other Structures
Workshop Attached
Levels
Two
Number Of Floors In Property
2
View
Yes
View Type
Mountain