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Chilliwack retail building sells for $522K per unit

The Vedder Road property features three shop spaces and two apartment suites and sold for 2.6 million
vedder rd
Price: $2,610,000 
No. of Units: 5
Price/Unit: $522,000
Lot Size: 28,000 SFL
Property Type: Retail
Zoning: CS1
2015 B.C. Assessment Value: $1,921,000
Date of Sale: 10/12/16
City: Chilliwack
Province: B.C.
Name of Brokerage: HomeLife Glenayre Realty
A retail building sold for $2.6 million last month in Chilliwack, HomeLife Glenayre Realty agent Rick Toor reports. 
The 11,500 square-foot retail space is comprised of three units that are currently leased by tenants. Above the units, there are two two-bedroom apartments. The net operating income of the property is $150,00 per year.
The building is located at 5658 Vedder Rd. 

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