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For Sale
$2,150,000

3rd Reading Condo Site in Chilliwack

46801 & 46811 Yale Road
CHILLIWACK

0.42 ACRE | Residential Development Land

The Opportunity

3rd Reading Condo Site in Chilliwack

This offering is an opportunity to acquire a 3rd Reading condo site in Chilliwack just minutes from downtown. The current development application is anticipated to receive 3rd Reading early summer and consists of 26 condos. The project is adjacent to Little Mountain Elementary School, walking distance to multiple parks and only a short drive to the vast amenities of downtown Chilliwack. The two parcel assembly includes one tenanted home and one vacant home.

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Summary

Property
Attributes

Land Size

0.42 acre

Land Size

18,470 sf

Application For

26 condos

Price

Sale Price

$2,150,000

Taxes (2020)

$4,833.90

Location

46801 & 46811 Yale Road
CHILLIWACK

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Property
Features

The project consists of 26 condos over 4 floors and the existing application is expected to receive 3rd reading by early summer. The units range in size from 474 to 1,049 square feet with an average unit size of 793 square feet. The project is located 430m from a rapid transit stop and with a minor variance to the 400m limit, there is potential to increase the unit count to 39 should the buyer wish to pursue it. The parkade is partially above ground reducing excavation costs and all major services are at the site.

About The
Location

Centrally located in Chilliwack Proper this site is adjacent to Little Mountain Elementary School, and only a short drive to a number of other schools including Chilliwack Senior Secondary School, Chilliwack Middle School and Chilliwack Central Elementary. The project is a two minute walk from the closest neighbourhood grocery store, and a 5 minute drive to a comprehensive collection of other amenities and parks. The area’s proximity to Highway 1 also provides convenient access throughout the Lower Mainland.