$949,000

46019 Mellard Avenue, Chilliwack, BC V2P 2Y6

MLS® R3166848

Description

FOR SALE BY COURT ORDER - Presenting a prime Chilliwack multifamily development opportunity. This vacant lot presents an attractive opportunity for developers, builders, and investors. Zoned R5 (medium density multifamily residential), this property's current zoning allows for construction of an apartment, assisted living residence, boarding house, or independent living housing (17 to 44 dwelling units). It is centrally located near downtown Chilliwack with close access to thriving local amenities, transportation, and growing residential communities. Steps from Central Elementary. Potential development opportunities are subject to zoning, municipal approvals, servicing, and purchaser due diligence. All offers are subject to approval by the Supreme Court of British Columbia.

Property

Property type

Land

Structure

Land Only

Ownership

Freehold NonStrata

Lot and parking

Lot size

11,280.57 sq ft

Lot dimensions

85 x 132

Strata and restrictions

Strata fee

No

Age restriction

No

Costs

Annual property tax

$5,941

Tax year

2,026

Land lease

No

Location

Area

Chilliwack

Neighbourhood

Chilliwack Proper East

View

No

Waterfront

No