45644 WELLINGTON AVENUE, Chilliwack
$1,050,000
This 7,797 sqft property in Chilliwack is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
Investors Alert!! Neighbourhood properties has been passed to be rezoned into a 48 units condo site with slab on grade parkade. This property holds a future potential to be rezoned from R2 to R5 zoning (low rise apartment zoning). Buyer or Buyers Agent to please verify and do their own due diligence from City to confirm it. House has had renovations and is in a good livable condition. House is rented for $2950 a month
How this price compares
This lot asks $135 per square foot of lot. That is 50% above the median of $90 across the 173 active lots VanPlex is showing in Chilliwack, and puts it 168 of 173 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,050,000
- Lot size
- 7,797 sqft
- Lot dimensions
- 65 x 119.95
- Frontage
- 65 ft
- Bedrooms
- 2
- Bathrooms
- 2
- Year built
- 1956
- MLS® area
- Chilliwack Proper West
- MLS® number
- R3175493
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Listing data via MLS®. Displayed for information only.