45948 CHESTERFIELD AVENUE

Developers’ opportunity, in an area that has undergone significant redevelopment recently! This 6732 sq ft R1A corner lot is one piece of a 28,462 sq ft potential land assembly. OCP supports RES3 apartment development (potentially RES6), City supports heights up to 6 storey and reduced parking. Neighbours include the Fraser Valley Regional district office, Freshco (4-min walk), District 1881 (7-min walk), bus stop (2-min walk) and Salish Park (5-min walk). Adjacent assembly was redeveloped in 2020 into a 48-unit R6 apartment. Assembly across the street was redeveloped into 55-unit apartment. A unique opportunity to capitalize on the projected growth. Home is a 2 bed 1 bath rancher with lane access and detached shop, allows for storage and holding income. Value is in the land though.