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$ 2,500,000
Est. payment | /mo
10,454 Sqft Lot
$ 2,500,000
Est. payment | /mo
10,454 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8072725
Year Built 1972
Lot Size 10,454 Sqft
Property Sub-Type Multi Family
Property Description
Avison Young is pleased to present Mountain View Apartments, an 11-unit rental complex located at 9091 Mary Street in the heart of Downtown Chilliwack. Built in 1972 and situated on a 10,727 sf site, the Property is improved with a three-storey apartment building and offers surface parking for tenants. The Property currently provides stable cash flow, with average rents approximately 20% below market. With modest upgrades, rents have the potential to increase by 30% or more, supporting significant income growth. This strong rental upside also creates opportunities for favourable financing, including eligibility under CMHC's MLI Select program.
Location
Province BC
Community Chilliwack Proper West
Area Chilliwack
Zoning R5
Interior
Heating Baseboard, Electric
Cooling Electric
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Others
Restrictions None Known
Ownership Freehold
GALLERY
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