$677,300

Presenting a prime Chilliwack multifamily development opportunity. This vacant lot presents an attractive opportunity for developers, builders, and investors. Zoned R5 (medium density multifamily residential), this property's current zoning allows for construction of an apartment, assisted living residence, boarding house, or independent living housing (17 to 44 dwelling units). It is centrally located near downtown Chilliwack with close access to thriving local amenities, transportation, and growing residential communities. Chilliwack has experienced tremendous growth and tasteful development. The subject property is just a 7 minute walk from the notable District 1881 neighbourhood nearby offering a European style walkable community with a collection of boutique small businesses. Perfect for a family focused future multifamily development, the property is steps away from Central Elementary. Potential development opportunities are subject to zoning, municipal approvals, servicing, and purchaser due diligence. All offers are subject to approval by the Supreme Court of British Columbia.