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

By
for Western Investor
July 11, 2018





vedder road
 
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. 
 
 

Breakdown: 

 
Price: $1,940,000
Lot Size: 18,462 SF
Property Type: Retail 
Zoning: CS1 + R1A
2017 B.C. Assessment Value: $682,000
Date of Sale: 03/24/2018 
City: Chilliwack  
Province: B.C. 
Name of Brokerage: Homelife Glenayre Realty Chilliwack Ltd. 
 

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Rick Toor has been a licensed realtor with Homelife Glenayre Realty since 2006. He specializes in commercial sales and leasing.

Homelife Glenayre Realty
8387 Young Rd.
Chilliwack B.C., V2P 4NB
Office: 604-795-2955

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