8893 NOWELL STREET, Chilliwack
$824,000
This 8,276 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 !!!Potential to build townhouses or low-rise building as per OCP (confirm with the city before proceeding). Also, Potential to sub-divide into 2 separate lots. Property already rezoned to R1-C. Currently, a cozy Rancher with renovations done in 2021 sits on a 8,276sq ft lot. New paint and new flooring done in 2021. Hot water tank changed in 2022. Call LR for more details!
How this price compares
This lot asks $100 per square foot of lot. That is 9% above the median of $91 across the 169 active lots VanPlex is showing in Chilliwack, and puts it 104 of 169 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
- $824,000
- Lot size
- 8,276 sqft
- Lot dimensions
- 67 x
- Frontage
- 67 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1955
- MLS® area
- Chilliwack Proper South
- MLS® number
- R3176780
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Listing data via MLS®. Displayed for information only.