46420 First Ave, Chilliwack, BC | MLS^® R3072173 Property Details

Developer Alert: Multi-Family Future Subdivision Potential! This property offers a flexible investment opportunity, currently serving as a rental, with the potential to acquire five additional properties beside it and transform the site into a 40-unit townhouse complex, or simply hold as land in a rapidly developing neighborhood. Located in Chilliwack Proper East, this rare high-yield investment features a large 11,040 sq ft lot with 80 ft of frontage. The 3-bedroom (with potential for 5 bedrooms), 2-bathroom home is currently generating $3,000/month in rental income, providing immediate cash flow along with significant development upside. Don’t miss out on this exceptional opportunity!

General Info

Price $1,379,800

Total Bedrooms 5

Total Bathrooms 1

Half Bathrooms 1

Floor Area Total (sqft) 1400

Lot Size 11040

Lot Size Depth Feet

Lot Size Frontage 80

Basement Partially Finished

Basement Features BasementFeatures

Property Metrics

Year Built 1973

Age Of Building 52

Building Type Single Family Residence

Property Type Residential

Stories 2

Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R3072173

Area Chilliwack

Neighbourhood Chilliwack Proper East

City Chilliwack

Gross Taxes $3,257.7

Ownership Type Freehold NonStrata

Maintenance Fee -

Heating & Cooling

Fireplace 2

Heating Type Forced Air, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type Additional Parking, Front Access, Side Access

Total Parking Spaces 6

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Strata Restrictions -

Rental Restrictions -

Zoning R1A

Rental Suites None

# of Kitchens 1

Flooring Laminate, Other, Tile

Foundation Concrete Perimeter

Locker -

View Description Mountain

Units In Development -

Exterior Features Garden

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Torch-On

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	17' x 17' ft
Main Level	Dining Room	10' x 10' ft
Main Level	Primary Bedroom	13' x 13' ft
Main Level	Bedroom	11' x 11' ft
Main Level	Bedroom	10' x 10' ft
Main Level	Kitchen	10' x 10' ft
Below	Living Room	23' x 23' ft
Below	Bedroom	16' x 16' ft
Below	Bedroom	12' x 12' ft
Below	Den	11' x 11' ft
Main Level	Laundry	6' x 6' ft

Listed by: Royal LePage Global Force Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Neighborhood Info

Private Schools

Elementary, Secondary

Highroad Academy

0.82 km

7/10

Above Average

Elementary, Secondary

Highroad Academy

0.82 km

7/10

Above Average

Closest Transit

Bus Stop

1st Ave at Woodbine (WB)

0.11 km

Skytrain

West Coast Express @ Mission City Station

26.74 km

Noise/ Power Lines

Road/Hwy Noise

Possible

Railway/Sky train Noise

Unlikely

Airport/Port Noise

Unlikely

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Here's the rewritten text, infused with a conversational tone and strategically incorporating the required keywords.

Welcome to 46420 First Avenue, Chilliwack, BC, where the charm of a small town meets the convenience of modern living. As we walk through this lovely community, let's start with the schools. For families, Highroad Academy is the closest Elementary independent school, boasting a rating of 7/10. Located just 0.82 km from this home for sale, it's an excellent choice for those seeking quality education. As we continue our tour, we find that Highroad Academy is also the closest Secondary independent school, offering students a comprehensive education. Its proximity to this property, merely 0.82 km away, makes it an attractive option for families.

Now, let's talk about the neighbourhood's accessibility. The closest Bus station, 1st Ave at Woodbine (WB), is just 0.11 km away from this listing with MLS^® R3072173. Imagine the ease of commuting to work, school, or exploring the city's attractions.

As we delve into the demographics of this community, we find that 6.7% of people with a university certificate or degree live in the neighbourhood adjacent to 46420 First Avenue, which is Low compared to other BC neighbourhoods. On the other hand, 24% of the population in this area have no certificate or degree, which is Above Average compared to the average in BC. This diversification reflects the community's inclusive nature.

In terms of income, the median household income near this dwelling with the address 46420 First Avenue, Chilliwack, BC, is $57,643, which is Below Average in comparison with the British Columbia average. Additionally, the median personal income is $28,764, also Below Average compared to the BC average. However, 71% of households in this census subdivision have a mortgage, which is High. This suggests that many residents are committed homeowners.

Looking at the unemployment rate in the area around Real Estate Listing # R3072173, we find it to be 6.9%, which is Below Average in comparison to other province neighbourhoods. This stability is a testament to the community's resilience.

As we explore the real estate context, we discover that this home is located in 46420 First Avenue Chilliwack Proper East, where the population change between 2011 and 2016 was 6.6%. This is Above Average in comparison to average growth rates in the region. The population density per square kilometre in this community near the address 46420 First Avenue, Chilliwack, BC, is 2,136.7, which is Above Average.

Families are a significant part of this community, with an average family size of 2.9, which is Average in comparison to the whole region. Moreover, 59.8% of families with children live in the area adjacent to the Real Estate Listing - MLS^® R3072173, which is Average. The percentage of married or living common law couples is 56%, which is Below Average.

In terms of age, the average age of the population close to 46420 First Avenue is 39.1 years, which is Below Average in comparison to other BC cities.

When it comes to housing, the average value of dwellings in this neighbourhood around 46420 First Avenue, Chilliwack, BC, is $309,010, which is Average compared to other areas in British Columbia. The average owner payments are Average in the area adjacent to 46420 First Avenue, with homeowners spending $1,148 on average for their dwelling. Tenants, on the other hand, pay $1,001 in this district close to MLS^® R3072173, which is Average.

Interestingly, 32.5% of the population in this district near the 46420 First Avenue are renters, which is Above Average compared to other BC cities and areas.

In terms of language, 3.7% of the population around the real estate listing 46420 First Avenue, Chilliwack, BC, speak both English and French, which is Low. However, 95.9% of the population speaks only English, which is Above Average. Additionally, 0.4% of the population speaks neither English nor French, which is Below Average compared to other BC cities.

Lastly, let's look at transportation in the area. Only 2.2% of the population use Public Transport, which is Low. In contrast, 91.4% of the population use Cars around MLS^® R3072173, which is Above Average. Moreover, 1.5% of people use Bicycles, which is Above Average, while 3.2% of the population walk, which is Below Average.

In conclusion, 46420 First Avenue, Chilliwack, BC, MLS^® R307217