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More than two acres of land sold for 500K above assessed value

The commercial development site is located in Chilliwack
Price: $1,250,000
Lot Size: 2.43 acres
Property Type: Land
Zoning: CMS
2015 B.C. Assessment Value: $743,000
Date of Sale: 09/20/16
City: Chilliwack
Province: B.C.
Name of Vendor: 3157 Investments Inc.
Name of Brokerage: HomeLife Glenayre Realty
Over 2-acres of service commercial land in Chilliwack has been sold for $1.25 million, HomeLife Glenayre Realty agent Rick Toor reports. 
The land’s zoning allows for a storage facility or light industrial development. The property is located on a busy street, behind Canton Gardens and a She’s Fit location, at 45603 Yale Rd. 

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