• 9452 Fletcher Street, Chilliwack, BC
  • 9452 Fletcher Street, Chilliwack, BC
  • 9452 Fletcher Street, Chilliwack, BC
  • 9452 Fletcher Street, Chilliwack, BC
  • 9452 Fletcher Street, Chilliwack, BC
  • 9452 Fletcher Street, Chilliwack, BC
  • 9452 Fletcher Street, Chilliwack, BC
  • 9452 Fletcher Street, Chilliwack, BC
  • 9452 Fletcher Street, Chilliwack, BC
  • 9452 Fletcher Street, Chilliwack, BC
  • 9452 Fletcher Street, Chilliwack, BC

5,830 ft²
Multifamily
$1,740,000
Sale


Chris Hayne
Chris Hayne
Royal LePage Sussex

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Exceptionally maintained 8 unit building in the heart of Chilliwack.


The Space
Asking Price$1,740,000
Available Space5,830 ft²
Net Operating Income$89687
Property UseMulti family
SourceDirect

The Building - Summerwind Apartments

Summerwind Apartments offers investors an excellent opportunity to acquire an 8-unit building with consistent rental history. Situated on a 7,841 square foot corner lot in a highly desirable central location; close to local amenities, transportation and shopping. Built in 1957, this well-maintained building offers a significant 55% upside on rents with tenant turnover in an area experiencing record low vacancy rates. Complete with a newly constructed, tastefully built-out, 2-bedroom unit, that is ready for immediate rent-up. The property has been continually upgraded and maintained, ensuring long-term sustainability and minimizing overall deferred maintenance. This compelling investment is a solid choice for investors seeking strong returns and long-term growth.

Property TypeMultifamily
Floors2
Building Size5,830 ft²
Lot Size0.18 AC
Taxes$4,947/yr
ZoningR1-A
Cap Rate5.2%
Year Built1957
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Chris Hayne
Chris Hayne
Royal LePage Sussex
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