Prime Multi-family development site. This is an exceptional investment for seasoned developers, builders, and investors seeking a strategically positioned multi-family development site. Designated Residential Medium Density (RM) under the OCP, this site offers multiple high-value development pathways: Option 1: Subdivide and develop nine premium townhome units, maximizing density and market appeal. Option 2: Create two duplexes, each with two laneway homes, catering to the growing demand for versatile urban living. This is a rare opportunity to capitalize on a thriving market with strong growth potential. Secure this site today and unlock its full development value.
Address
8742 Broadway Street
List Price
$1,199,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Area
Chilliwack
Sub-Area
Chilliwack Proper South
Bedrooms
5
Bathrooms
3
Floor Area
3,584 Sq. Ft.
Main Floor Area
1960
Lot Size
19166 Sq. Ft.
Lot Size (Acres)
0.44 Ac.
Lot Size Units
Square Feet
Total Building Area
3584
Year Built
1980
MLS® Number
R3020331
Listing Brokerage
eXp Realty
Basement Area
None
Postal Code
V2P 5V6
Zoning
R1-B
Ownership
Freehold NonStrata
Parking
Garage Double
Parking Places (Total)
10
Tax Amount
$4,394.15
Tax Year
2024
Board Or Association
Chilliwack
Heating
Yes
Heat Type
Hot Water, Radiant
Fireplace
Yes
Fireplace Features
Gas
Number of Fireplaces
1
Garage
Yes
Garage Spaces
2
Levels
Two
Number Of Floors In Property
2
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