46198 FIRST AVENUE, Chilliwack
$975,000
This 8,237 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.
Rare residential and commercial opportunity! This spacious three-storey home offers over 3,000 sq. ft. on a large 8,000+ sq. ft. corner lot with great exposure with back-lane access. RC zoning permits residential or general commercial use under the Low Rise Residential land use designation, offering exciting live/work or business potential. Build up to 6 storey with 18 units. The current home features include hardwood flooring, an updated kitchen, 3 bed upstairs, detached garage, 2 bed basement in-law suite with separate entrance and laundry. Fenced yard with RV parking. Call today for a private showing.
How this price compares
This lot asks $118 per square foot of lot. That is 33% above the median of $89 across the 175 active lots VanPlex is showing in Chilliwack, and puts it 152 of 175 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
- $975,000
- Lot size
- 8,237 sqft
- Lot dimensions
- 66 x 125
- Frontage
- 66 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1927
- MLS® area
- Chilliwack Proper East
- MLS® number
- R3152741
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Listing data via MLS®. Displayed for information only.