Business for sale

45916 Wellington Avenue, Chilliwack Downtown, Chilliwack

$6,999,000 or
Business for sale in Chilliwack Downtown, Chilliwack, Chilliwack, 45916 Wellington Avenue, 224964662 | Realtylink.org
$6,999,000 or

Business for sale

45916 Wellington Avenue, Chilliwack Downtown, Chilliwack

Features

Lifestyle
224964662 6999000 /en/business~for-sale~chilliwack-downtown-chilliwack/224964662?view=Summary /en/business~for-sale~chilliwack-downtown-chilliwack/224964662/photos 49.1712900000 -121.9537700000 true
Year Built
1982
Floor Area
40,119 sqft
Lot Size
18,611 sqft
Gross Property Tax
$91,125.39 /year
Building Type
Commercial Mix
Zoning
C3
Amenities
Washrooms Female/Male
Major Business Type
Arts and Entertainment
Minor Business Type
Entertainment/Arcade
Business Name "doing business as"
Chillibowl Lanes Ltd.
Business Operating Since
1982
Confidentiality Agreement Required
Yes
98

Description

Amazing opportunity in downtown Chilliwack! This prime 18,611 sqft property is almost half an acre with a solid concrete three-storey 40,119 sqft building. The current use and included in this sale is the famous Chillibowl Lanes, established in 1982 this business offers 24 - 5 pin bowling lanes, pub, and a restaurant main floor, the upper floor features 17 tournament-style pool tables and huge arcade, the top floor in the manager suite. The business is easy to run and generates huge a cash flow. The property has enormous upside potential as it is C3 zoned, this land-designated Village Quarter that offers low-rise mixed-use buildings up to 4 storeys in height with a range of local, neighbourhood commercial amenities including grocery stores and restaurants on street level. and apartments above. Phase one environment is available and business details are also available upon request. Listed $2 million under BC assessment. Projected CAP of over 6% rate. Welcome Asset or Share sale.
MLS® Number C8059593

Listing REALTORS®

Mario Felicella, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Mario Felicella

REALTOR®, Personal Real Estate Corporation

Sutton Group-West Coast Realty

Sutton Group-West Coast Realty,
Cathy Liu, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Cathy Liu

REALTOR®, Personal Real Estate Corporation

Sutton Group-West Coast Realty

Sutton Group-West Coast Realty,

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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