$1,888,000

47005 YALE ROAD

Chilliwack BC V2P 2S6 - Little Mountain
5 bd
3 ba
3,072 sqft
Built 1985

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

Balcony
Private Yard
Garage Double
Side Access
Shopping Nearby
Room measurements13 rooms
Living RoomMain · 19'11 × 14'1
Dining RoomMain · 15'10 × 11'4
KitchenMain · 9'1 × 12'2
Primary BedroomMain · 12' × 14'3
BedroomMain · 10'8 × 10'6
BedroomMain · 9'10 × 10'6
LaundryMain · 6'2 × 7'4
FoyerBsmt · 9'4 × 8'7
Living RoomBsmt · 19'10 × 26'1
KitchenBsmt · 8'5 × 11'1
BedroomBsmt · 11'8 × 113'6
BedroomBsmt · 11' × 11'1
LaundryBsmt · 5'10 × 5'7

Property Details

MLS NumberR3152943
Property TypeSingle Family Residence
Bedrooms5
Bathrooms3
Square Feet3,072
Lot Size186,000 sqft
Year Built1985
Parking Spaces2
HeatingBaseboard, Electric
Days on Market5
StatusActive
Listed ByAdvantage Property Management

School Catchment

Elementary Little Mountain Elementary
Secondary Chilliwack Secondary

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$920,000Median home value
$114,000Median household income
85.9%Owner-occupied
90.2%Single-detached homes
2.7Avg household size
47.6Median age
21%Bachelor's degree or higher (25-64)
64.5%Commute under 30 min
96.8%Drive to work
18.8%Foreign-born residents
1,136Neighbourhood population

Age

Under 15: 14.1%15 to 64: 63.9%65 and over: 22%
  • 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

  • German2.2%
  • Punjabi1.8%
  • French1.3%
  • Dutch0.9%
  • English + other0.9%
  • Mandarin0.4%
  • All others7.9%

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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