45975 WELLINGTON Avenue
Chilliwack
V2P 2C6
$1,950,000
Multi-Family Commercial, Retail
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial, Retail
- MLS® Num:
- C8066156
- Build. Type:
- Low Rise (2-4 stories)
- Photos (9)
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BEST CORNER LOCATION In the HEART of DOWNTOWN CHILIWACK ‘district 1881.’ This Property offers is a great investment opportunity for investors. It offers not only CAP Rate of 6.7% but also has potential for future higher density redevelopment according to the Chiliwack downtown land use plan. This beautiful Building has been fully renovated and has a good tenant. Red Chillies Sports Bar Restaurant has a 5 year escalating lease as of September 2022). New windows, new roof, new HVAC and exterior facade remodelled to retain the old world charm. Solid investment in the downtown vibrant bustling community. District 1881 in Downtown Chilliwack is a neighbourhood of distinctive architecture and historic buildings cross crossed by pedestrian alley, unique office spaces, locally owned restaurants, breweries and retail shops. Great tenant guaranteeing a good income. Call Realtors for Information Package with all the details.
- Sale Type:
- Asset
- Sublease:
- No
- Construction:
- Concrete Block, Brick/Masonry, Mixed
- Building Type:
- Low Rise (2-4 stories), Mixed Use, Street-Level Storefront
- Name of Complex/Subdivision:
- Signup
- # Other Units:
- Signup
- # Storeys:
- 2.0
- Year built:
- 1972 (Age: 53)
- Total Floor Area:
- 5,386 sq. ft.
- Lot Area:
- 4,110 sq. ft.
- Lot Depth:
- 140
- Lot Frontage:
- 60'
- Land Use/Zoning:
- C5
- Permitted Use:
- Mixed Use, Retail
- Taxes:
- $24,261.4 / 2024
- Services Connected:
- Electricity
- Roof:
- Signup
- Sewer Septic:
- Municipal/Community
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- Yes
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Listed by Royal Pacific Realty Corp.
Data was last updated January 30, 2025 at 02:05 PM (UTC)
- KENNY PAPPAS
- AMEX BROADWAY WEST REALTY
- 1 (604) 7677867
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2025 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.