Prime Multi-family development site. This is an exceptional investment for seasoned developers, builders, and investors seeking a strategically positioned multi-family development site. Designated Residential Medium Density (RM) under the OCP, this site offers multiple high-value development pathways: Option 1: Subdivide and develop nine premium townhome units, maximizing density and market appeal. Option 2: Create two duplexes, each with two laneway homes, catering to the growing demand for versatile urban living. This is a rare opportunity to capitalize on a thriving market with strong growth potential. Secure this site today and unlock its full development value.
Address
8742 BROADWAY STREET
List Price
$1,399,000
Property Type
Residential Detached
Type of Dwelling
House/Single Family
Style of Home
2 Storey
Area
Chilliwack
Sub-Area
Chilliwack Proper South
Bedrooms
5
Bathrooms
3
Floor Area
3,584 Sq. Ft.
Lot Size
19166 Sq. Ft.
Year Built
1980
MLS® Number
R2965075
Listing Brokerage
eXp Realty
| Renanza Realty Inc.
Basement Area
None
Postal Code
V2P 5V6
Zoning
R1-B
Parking
Garage; Double
Parking Places (Total)
10
Tax Amount
$4,394.15
Tax Year
2024
Heat Type
Hot Water, Radiant
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