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For Sale

3rd Reading Condo Site in Chilliwack

46525 - 46539 Yale Road
CHILLIWACK

0.89 ACRE | Residential Development Land
FIRM DEAL

The Opportunity

3rd Reading Condo Site in Chilliwack

A 3rd Reading condo site in Chilliwack Proper. The proposed 72 unit project is a 4 storey building with extensive rooftop amenity, and 1 level of underground parking. The project is located overlooking a park in an up-and-coming neighbourhood only minutes east of Downtown Chilliwack and within close proximity to all levels of schools. The three parcel assembly is flat and fully cleared.

Summary

Property
Attributes

Land Size

0.89 acre

Location

46525 - 46539 Yale Road
CHILLIWACK

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Property
Features

The development application for this project received 3rd Reading in 2020 for 72 condos over 4 storeys. The unit sizes range from 500 to 1,202 square feet with an average of 611 square feet. Both a market condo or rental apartment project would benefit from the higher selling /rental rates that come from compact units. Total buildable area across the 4 floors is 54,498 square feet. A minor realignment of the sanitary sewer is required but all services are at the property. The underground parkade sits partially above ground and requires 1.5 – 2.0 m of excavation.

About The
Location

Centrally located in Chilliwack Proper this site is located less than a 5 minute drive to an extensive list of commercial services, stores and parks. Proximity to Highway 1 provides convenient access across the Lower Mainland. The site also benefits from a full list of schools including Chilliwack Senior Secondary School, Chilliwack Middle School, Little Mountain Elementary, and Central Elementary Community School.