The Largest Number of Homes for Sale
Multi-family for sale
9259 Young Road, Chilliwack Downtown, Chilliwack
$3,680,000
$3,680,000
Multi-family for sale
9259 Young Road, Chilliwack Downtown, Chilliwack
Features
Year Built
1950
Floor Area
7,900 sqft
Lot Size
4,135 sqft
Gross Property Tax
$18,680.57 /year
Building Type
Commercial Mix, Residential Mix, Mul Tenant/MultiPlex (5+)
Building / Complex Name
Woodstone Building
Zoning
C3
Amenities
Alarm System, Emergency Lighting, Storefront, Washrooms Female/Male
Suite Mix Information
2 x Bachelor/Studio, 2 x 1 ½, 2 x 2 ½, 1 x 3 ½
Total no. of Units
7
Financial Summary
$300,000
Description
Motivated Seller! *Owner Retiring – Prime Investment Opportunity in Downtown Chilliwack!* Seize this exceptional opportunity to acquire a standalone downtown Chilliwack building with significant future potential. Recently rezoned for high-density use (confirm specifics with Chilliwack City Hall), this property is ideal for investors seeking a high-yield asset. **Highlights:** - **7% cap rate** (excluding business operations). - **7 fully occupied residential units** on the upper floor (renovated in 2018; 4,240 sq. ft. total, offering 3-bedroom, 2-bedroom, 1-bedroom, and bachelor suites). - **6 retail spaces** across 4,650 sq. ft. of commercial space - **Sale includes restaurant businesses.** Act now to capitalize on this prime downtown location and versatile income-generating asset! Seller motived.
MLS® Number C8066821