1/109259 YOUNG ROAD, Chilliwack Downtown, Chilliwack
9259 YOUNG ROAD, Chilliwack Downtown, Chilliwack, BC V2P4R1
$3.0M total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
96%
Year Built
1955
Lot Size
0.09 ac
About this property
Motivated seller! This standalone building in downtown Chilliwack has amazing future potential. With recent rezoning allowing high-density use (confirm with Chilliwack City Hall), it features seven fully leased residential units upstairs and six retail spaces below. Business assets and names are not included. The commercial leases offer a three-year term with an additional three-year renewal option, and the owner is open to selling a 50% share of the property. Plus, a new public parking .If you required part of commercial space we can negotiate. The seller is willing to lease back the entire building. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$14K
Projected NOI
$105K
Annual cash flow
$-64K
Cash-on-cash
-6.97%
DSCR
0.62
Going-in cap
3.45%
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
67,179
Households
26,168
Median income
$93,000
Median age
46
Daytime population
90,880
5-yr growth
2.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 9259 YOUNG ROAD, Chilliwack Downtown, 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.