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45975 WELLINGTON AVENUE Chilliwack, BC V2P 2C6
5,386 SqFt
UPDATED:
03/06/2025 06:13 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,386 sqft
Price per Sqft $334
Subdivision Chilliwack Downtown
MLS Listing ID C8066156
Year Built 1972
Annual Tax Amount $24,261
Tax Year 2024
Property Description
BEST CORNER LOCATION In the HEART of DOWNTOWN CHILIWACK ‘district 1881.' This Property offers is a great investment opportunity for investors. It offers not only CAP Rate of 6.7% but also has potential for future higher density redevelopment according to the Chiliwack downtown land use plan. This beautiful Building has been fully renovated and has a good tenant. Red Chillies Sports Bar Restaurant has a 5 year escalating lease as of September 2022). New windows, new roof, new HVAC and exterior facade remodelled to retain the old world charm. Solid investment in the downtown vibrant bustling community. District 1881 in Downtown Chilliwack is a neighbourhood of distinctive architecture and historic buildings cross crossed by pedestrian alley, unique office spaces, locally owned restaurants, breweries and retail shops. Great tenant guaranteeing a good income. Call Realtors for Information Package with all the details.
Location
Province BC
Community Chilliwack Downtown
Area Chilliwack
Building/Complex Name Chili's restaurant and pub
Zoning British Columbia Default Zone
Region Chilliwack
City Region Chilliwack
Building
Dwelling Type Multi-Family Commercial,Retail
Story 2
Structure Type Concrete Block,Brick/Masonry,Mixed
Listed by Royal Pacific Realty Corp.