Business For Sale · Land

9543 MCNAUGHT ROAD, Chilliwack Proper East, Chilliwack

9543 MCNAUGHT ROAD, Chilliwack Proper East, Chilliwack, BC V2P6E9

$999,888 total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

88%

Year Built

9999

Lot Size

0.27 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$1000K
Down payment30% · $300K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 9543 MCNAUGHT ROAD, Chilliwack Proper East, Chilliwack.

NDA required
  • 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.