
1/29543 MCNAUGHT ROAD, Chilliwack Proper East, Chilliwack, BC V2P6E9
$999,888 total
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Asset Class
Land
Size
—
Building class
A
Zoning
AG — Agricultural
$ / SF
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Occupancy
88%
Year Built
9999
Lot Size
0.27 ac
Perfect entry level renovation or subdivision project. This 11,805 SF property is PLA approved for a 2 lot R3 zoned subdivision! Producing two lots of -5,900 SF with 41 ft frontage each. Alternatively, renovate live/rent the 3-bedroom 1-washroom rancher providing 1,200 SF of living area & hold with the ability to subdivide in the future. Located in a quiet family-oriented neighborhood, close to all levels of school, and conveniently minutes to Highway 1 & Yale Rd and local bus stop across street. With the rapid growth of the City of Chilliwack this is a great opportunity for investors/developers to build affordable options in a prime location. (id:66811)
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Monthly debt service
$5K
Projected NOI
$45K
Annual cash flow
$-10K
Cash-on-cash
-3.38%
DSCR
0.82
Going-in cap
4.53%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
62,005
Households
22,658
Median income
$135,500
Median age
39.4
Daytime population
61,272
5-yr growth
8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 9543 MCNAUGHT ROAD, Chilliwack Proper East, Chilliwack.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.