BC > No City Value > Cadreb Out Of Town
No City Value, BC V0X 1W0,219 VERMILION AVE
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No City Value, BC V0X 1W0,219 VERMILION AVE
No City Value, BC V0X 1W0,219 VERMILION AVE
No City Value, BC V0X 1W0,219 VERMILION AVE
No City Value, BC V0X 1W0,219 VERMILION AVE
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Darell Pinazo

Darell Pinazo

+1(778) 859-8058
$ 2,790,000
Est. payment /mo
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Active

219 VERMILION AVE No City Value, BC V0X 1W0

17,132 SqFt

UPDATED:

02/26/2025 12:17 AM

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi-Family Commercial,Retail

Listing Status Active

Purchase Type For Sale

Square Footage 17,132 sqft

Price per Sqft $162

Subdivision Cadreb Out Of Town

MLS Listing ID C8066988

Year Built 1961

Annual Tax Amount $25,500

Tax Year 2024

Property Sub-Type Multi-Family Commercial,Retail

Property Description

Opportunity to obtain an extensively renovated multi-tenanted mixed use investment property, featuring Commercial on the Main Floor and 10 Residential units above. Constructed circa 1960s and extensively upgraded in the last 5 years. The main floor retail unit totals approximately 9,577 sq. ft. and is fully leased to Fields Store under a new 5-year term effective November 2024. The second-floor residential units have been upgraded in 2021. Situated on an approx. 13,024 sq. ft. C2-Central Business zoned lot. Offered at an attractive CAP rate of 5.8% on the asking price with a solid tenant mix makes this a smart investment for the future.

Location

Province BC

Community Cadreb Out Of Town

Area Z Other Cadreb

Zoning British Columbia Default Zone

Region Chilliwack

City Region Chilliwack

Exterior

Community Features CADREB Out of Town

Amenities Available Laundry Facility

Water Access Desc Municipal

Roof Type Other

Building

Building Description Wood Frame, Low Rise (2-4 storeys),Mixed Use,Street-Level Storefront

Story 2

Sewer Municipal/Community

Water Municipal

Structure Type Wood Frame

REBGV VOW (commercial)
Listed by RE/MAX Bob Plowright Realty
agent

Darell Pinazo

Agent

+1(778) 859-8058

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219 VERMILION AVE

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