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47005 Yale Rd
Chilliwack, BC V2P 2S6
Land For Sale
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4.27 AC
Investment Highlights
- Active PLA in place for subdivision, ready to proceed.
- Over 500 feet of frontage on Yale and Latimer.
- Geo study confirms solid rock foundation for development.
- Renovated home with dual rental suites and strong income.
- Backs onto city parkland for privacy and green space.
- Located near higher-density subdivisions and urban amenities.
Executive Summary
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| Sale Condition | Excess Land | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.27 AC |
| Property Type | Land | ||
| Zoning | R1A - Residential | ||
| Sale Type | Investment or Owner User |
| Sale Condition | Excess Land |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 4.27 AC |
| Zoning | R1A - Residential |
1 Lot Available
Lot 1
| Price | $1,460,723 USD | Lot Size | 4.27 AC |
| Price Per AC | $341,981.43 USD |
| Price | $1,460,723 USD |
| Price Per AC | $341,981.43 USD |
| Lot Size | 4.27 AC |
4.27 acres of sloping, previously-developed land to hold or develop.
Description
The existing 3,072 SF residence has been fully renovated and includes two income-generating suites with a total of five bedrooms and three full bathrooms. The home is currently producing nearly $5,000 per month in rental income, making it a strong holding asset while development plans are pursued. A geo study confirms the property sits on solid rock, providing a stable foundation for future construction. An active Preliminary Layout Approval (PLA) is already in place to subdivide one lot, streamlining the path to redevelopment. The property’s location near other higher-density subdivisions enhances its appeal for builders, while its quiet setting and south-facing views make it equally attractive for a private estate or boutique residential enclave.
