Explore this exceptional 25,000 sq ft flat, rectangular lot with immense development potential. Recently rezoned from RS1 to RS-2, the property now allows for the construction of up to five 4,000 sq ft lots, making it a prime ready-to-build project for developers. Alternatively, retain and renovate the existing three grandfathered dwellings, which can generate a rental income of $4,000 to $4,500 per month. One home is currently tenanted on a month-to-month, providing instant revenue. Nestled in a highly sought-after area near the University of the Fraser Valley, hospital, schools, and recreational facilities, this is a rare opportunity. Act fast to secure this incredible property!
General Info
MLS® #
R2930829
Taxes
$3,129 / 2024
Maintenance Fees
-
Property Type
House/Single Family
Dwelling Type
Rancher/Bungalow
Home Style
Rancher/Bungalow
Year Built
9999
Fin. Floor Areas
572
Bedrooms
2
Bathrooms
1
Listed by Sutton Premier Realty
MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Maps (Google, Google Street View, Bing Areal View, Area Condos, Walk Score)
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