Chilliwack mixed-use building sold for more than twice its assessed value
The retail and residential property sold for $1.94 million and valued at $682,000
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A mixed-use commercial and residential building in Chilliwack has sold for $1.94 million, Homelife Glenayre Realty reports.
The 10,734-square-foot property is situated on an 18,462-square-foot lot. The commercial space is being used as a retail shop and the residential home includes four bedrooms and two bathrooms. The property is located across the street from Garrison Crossing, the University of Fraser Valley, and walking distance to Vedder River.
The property is located at 5518 Vedder Rd., Chilliwack.
Lot Size: 18,462 SF
Property Type: Retail
Zoning: CS1 + R1A
2017 B.C. Assessment Value: $682,000
Date of Sale: 03/24/2018
Name of Brokerage: Homelife Glenayre Realty Chilliwack Ltd.
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