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Chilliwack/west 45744 Av Spadina 36 Unit Apartment Building $12,000,000 CAD ($333,333 CAD/Unit) 4.60% Cap Rate Chilliwack, BC V2P 1T6
Investment Highlights
- 36-unit apartment building on a 26,134 square foot lot in core downtown Chilliwack.
- Fully tenanted, delivering immediate cash flow with a 4.5% capitalization rate.
- Located within an area experiencing substantial new development activity and infrastructure growth.
- R6 zoning with Mid to High Rise designation positions the property for future redevelopment.
- Strata wind-up complete with all units consolidated into a single purchase.
- Walking distance to retail, restaurants, and essential urban services.
Executive Summary
45744 Spadina Ave, Chilliwack 36-unit apartment building on a 26,134 SF corner lot in the heart of downtown Chilliwack. R6 zoning with Mid to High Rise designation - one of the strongest redevelopment sites in the Fraser Valley. Fully tenanted, 4.5% cap rate, $544K net annual income. Strata wind-up ready - all 36 units in a single purchase, no holdouts. New towers rising in the immediate area. This won't last
Property Facts
| Price | $12,000,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $333,333 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 4.60% | Building Size | 13,000 SF |
| No. Units | 36 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment |
| Price | $12,000,000 CAD |
| Price Per Unit | $333,333 CAD |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 13,000 SF |
| No. Stories | 4 |
| Year Built | 1982 |
Amenities
Unit Amenities
- Balcony
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
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Chilliwack/west | 45744 Av Spadina
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