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About This Property
An exceptional opportunity to hold as an investment or pursue future development. The property includes an active PLA approval to subdivide one lot off Yale Road, with approvals in place and ready for construction to begin. The fully renovated 3,000 sq. ft. home offers excellent income potential, generating nearly $5,000 per month from two self-contained suites. With a total of 5 bedrooms and 3 full bathrooms, this is an ideal holding property while planning for the future. Situated on just over 4 acres the possibilities are extensive. A completed geotechnical study confirms solid rock conditions. The property backs onto City parkland, providing privacy while being surrounded by other higher-density developments, making it well suited for an upscale residential project.
Features
Property Details
School Catchment
Neighbourhood
Age
- Under 1514.1%
- 15 to 6463.9%
- 65 and over22%
Household size
- 1 person17.1%
- 239%
- 315.9%
- 415.9%
- 5 or more12.2%
Language spoken at home
84.6% English mother tongue
Mother tongue, share of 1,140 residents.
How this pocket differs
- fewer children under 15 than Chilliwack 14.1% vs 18.1%
- notably fewer people living alone than Chilliwack 16.9% vs 30.9%
- more 4-person households than Chilliwack 15.7% vs 11.6%
- Median household income is higher than Chilliwack $114,000 vs $82,000
- Median dwelling value is higher than Chilliwack $920,000 vs $750,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
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