Share This Listing

Message

965 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

9416 Hazel St 9,167 SF Office Condo Unit Offered at $2,724,188 in Chilliwack, BC V2P 5N1

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Ten strata lots offering flexible disposition strategies
  • Strong annual income with room for rental growth
  • Prime location with excellent transit accessibility
  • Large lot with significant redevelopment potential
  • Well-maintained, self-managed property minimizing overhead

EXECUTIVE SUMMARY

Investment with Value Add Lot Size: 20,473 SF Building Size: 9,167 SF All 10 units are 2 Bedroom 1 Bath - Townhouse Style

PROPERTY FACTS

Total Building Size 20,473 SF
Property Type Multifamily (Condo)
Property Subtype
Apartment
  • Multifamily Dormitory
Building Class C
Floors 2
Typical Floor Size 10,237 SF
Year Built 1990
Lot Size 0.48 AC
Zoning R5 - R5 ZONING. Potential for redevelopment of 43 Units.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

1 UNIT AVAILABLE

Unit 1-10

Unit Size 9,167 SF
Price $2,724,188 USD
Price Per SF $297.17 USD
Condo Use Office
Sale Type Investment
DESCRIPTION

Located at 9416 Hazel Street in Chilliwack, BC, this offering consists of ten strata townhouse-style units on a generous 20,473-square-foot lot. The property features a well-maintained, self-managed building constructed in 1990, with all units configured as two-bedroom, one-bath layouts. Its prime location provides excellent transit accessibility, ensuring convenient connections for residents to work, school, and leisure destinations. The large lot size enhances the property’s immediate value while presenting significant redevelopment potential, with preliminary indications suggesting the possibility of up to 43 units

SALE NOTES

This 10 strata lot property offers flexibility for selling off units individually, catering to diverse investment strategies. Its large lot size not only provides immediate value but also promises exponential growth potential for future development opportunities. Additionally, the well-maintained and self-managed nature of the property presents opportunities to rehabilitate units, maximizing rental income and overall investment returns.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 10 - -
Walk Score®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 33786717

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 9416 Hazel St, Chilliwack, BC V2P 5N1

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}