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47005 Yale Rd 4.27 Acres of Residential Land Offered at $1,999,000 CAD in Chilliwack, BC V2P 2S6
INVESTMENT HIGHLIGHTS
- Active PLA in place for subdivision, ready to proceed.
- Over 500 feet of frontage on Yale and Latimer.
- Geo study confirms solid rock foundation for development.
- Renovated home with dual rental suites and strong income.
- Backs onto city parkland for privacy and green space.
- Located near higher-density subdivisions and urban amenities.
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot 1
| Price | $1,999,000 CAD | Lot Size | 4.27 AC |
| Price Per AC | $468,001.59 CAD |
| Price | $1,999,000 CAD |
| Price Per AC | $468,001.59 CAD |
| Lot Size | 4.27 AC |
4.27 acres of sloping, previously-developed land to hold or develop.
DESCRIPTION
The existing 3,072 SF residence has been fully renovated and includes two income-generating suites with a total of five bedrooms and three full bathrooms. The home is currently producing nearly $5,000 per month in rental income, making it a strong holding asset while development plans are pursued. A geo study confirms the property sits on solid rock, providing a stable foundation for future construction. An active Preliminary Layout Approval (PLA) is already in place to subdivide one lot, streamlining the path to redevelopment. The property’s location near other higher-density subdivisions enhances its appeal for builders, while its quiet setting and south-facing views make it equally attractive for a private estate or boutique residential enclave.
Presented by
47005 Yale Rd
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