For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
Mortgage rates are estimates of current rates. No fees are included.
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Description
This offering is an opportunity to acquire a condo site in Chilliwack just minutes from downtown. 46801 and 46811 Yale Road can be purchased together. These two parcels offer over 18,000 sq ft of land with redevelopment potential for a multi-family apartment project of approximately 26 to 39 units (subject to city approval). There is also the possibility to assemble with adjacent properties for a larger-scale development. This is primarily a land-value opportunity. The existing house will be sold as is, where is. The project is adjacent to Little Mountain Elementary School, walking distance to multiple parks and only a short drive to the vast amenities of downtown Chilliwack.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.
