Turnkey Income Property with Development Upside in Chilliwack Proper South Here's your chance to secure one of Chilliwack's rare high-yield investment opportunities. Situated on a large 9,600 sq ft lot with 80 ft frontage. This fully furnished 10-bedroom, 2-bathroom home is generating $8,500/month in rental income - with a solid cap rate and a lease already in place. With over 3,080 sq ft of updated living space, this property offers immediate cash flow, future subdivision potential, and the flexibility to serve as a rental, multi-family residence, or land hold in a fast-developing neighbourhood.
Address
8505 Howard Crescent
List Price
$1,599,999
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Area
Chilliwack
Sub-Area
Chilliwack Proper South
Bedrooms
10
Bathrooms
2
Floor Area
1,250 Sq. Ft.
Main Floor Area
1250
Lot Size
9840 Sq. Ft.
Lot Size Dimensions
82 x 120
Lot Size (Acres)
0.23 Ac.
Lot Features
Private
Lot Size Units
Square Feet
Total Building Area
1250
Frontage Length
82
Year Built
1969
MLS® Number
R3004674
Listing Brokerage
ComFree
Basement Area
Full, Finished, Exterior Entry
Postal Code
V2P 5R5
Zoning
R1A
Ownership
Freehold NonStrata
Parking
Additional Parking, Asphalt
Parking Places (Total)
1
Tax Amount
$3,243.52
Tax Year
2024
Site Influences
Private
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Board Or Association
Chilliwack
Heating
Yes
Heat Type
Electric, Forced Air, Natural Gas
Levels
Two
Number Of Floors In Property
2
Window Features
Window Coverings
Security Features
Smoke Detector(s)
Subdivision Name
Howard Crescent
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