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Summerwind Apartments 9452 Fletcher St 8 Unit Apartment Building $1,740,000 CAD ($217,500 CAD/Unit) 5.15% Cap Rate Chilliwack, BC V2P 4Z5
Investment Highlights
- highly desirable central location; close to local amenities, transportation and shopping
- continually upgraded and maintained
Executive Summary
Summerwind Apartments offers investors an excellent opportunity to acquire an 8-unit building with consistent rental history. Situated on a 7,841 square foot corner lot in a highly desirable central location; close to local amenities, transportation and shopping. Built in 1957, this well-maintained building offers a significant 55% upside on rents with tenant turnover in an area experiencing record low vacancy rates. Complete with a newly constructed, built-out 2-bedroom unit, that is ready for immediate rent-up. The property has been continually upgraded and maintained, ensuring long-term sustainability and minimizing overall deferred maintenance. This compelling investment is a solid choice for investors seeking strong returns and long-term growth.
Property Facts
| Price | $1,740,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $217,500 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.15% | Building Size | 5,830 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | ||
| Zoning | R1-A - Residential Inclusive District | ||
| Price | $1,740,000 CAD |
| Price Per Unit | $217,500 CAD |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,830 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | R1-A - Residential Inclusive District |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
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Summerwind Apartments | 9452 Fletcher St
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