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
$1,399,000
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 Dimensions
133 x 143
Lot Size (Acres)
0.44 Ac.
Lot Size Units
Square Feet
Total Building Area
3584
Frontage Length
133
Year Built
1980
MLS® Number
R2965075
Listing Brokerage
eXp Realty
| Renanza Realty Inc.
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