Multi-family for sale

5662 Vedder Road, Vedder Crossing, Chilliwack

$7,500,000 or
$7,500,000 or

Multi-family for sale

5662 Vedder Road, Vedder Crossing, Chilliwack

Features

Lifestyle
224964946 7500000 /en/multi-family~for-sale~vedder-crossing-chilliwack/224964946?view=Summary /en/multi-family~for-sale~vedder-crossing-chilliwack/224964946/photos 49.1055300000 -121.9606900000 true
Year Built
1987
Floor Area
14,402 sqft
Lot Size
40,075 sqft
Gross Property Tax
$27,219.89 /year
Building Type
Low Rise (2-4 storeys)
Building / Complex Name
Pine Court
Zoning
CS1
Amenities
Laundry Facility, Paved Yard
Suite Mix Information
2 x Bachelor/Studio, 34 x 1 ½
Total no. of Units
36
83

Description

Welcome to Pine Court a 36 unit rental complex on nearly an acre in the heart of Vedder Crossing in Chilliwack BC. This property offers a savvy investor an opportunity to own one of the most desirable pieces of Real Estate in Chilliwack, while getting an excellent income. The Official Community Plan designates this area as Commercial General and encourages mixed use buildings up to six stories and 250 dwelling units of density, making a potential yield of 92 units. All zoning and density should be confirmed with the City of Chilliwack. Reach out to lukas@lukasmatheson.com for a full information package.
MLS® Number C8059877

Listing REALTOR®

Lukas Matheson, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Lukas Matheson

REALTOR®, Personal Real Estate Corporation

Select Real Estate

Select Real Estate,

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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