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45699 Patten Ave

22 Unit Block of Flats £2,649,622 (£120,437/Unit) 4.32% Net Initial Yield Chilliwack, BC V2P 1S3

Block of Flats British Columbia Chilliwack 45699 Patten Ave, Chilliwack, BC V2P 1S3

Executive Summary

Macdonald Commercial is pleased to present a unique opportunity to acquire a well-located, prime 22-unit rental apartment building
in Downtown Chilliwack, BC. The building offers a spacious and good mix of one- and two-bedroom suites, with most of the suites
boasting a balcony or patio.
PROPERTY HIGHLIGHTS
» Well-maintained building with recent upgrades
» Close proximity to downtown core
» Walking distance to shopping, leisure centre, and schools
» Potential upside in income
» R6 zoning – high-density multifamily

Attachments

Patten Avenue 45699 Chilliwack

Property Facts

Price £2,649,622 Building Class C
Price Per Unit £120,437 Lot Size 0.34 AC
Sale Type Investment Building Size 25,018 SF
Net Initial Yield 4.32% Average Occupancy 100%
No. Units 22 Number of Floors 4
Property Type Residential Year Built 1965
Property Subtype Apartment Parking Ratio 0.4/1,000 SF
Apartment Style Mid Rise
Price £2,649,622
Price Per Unit £120,437
Sale Type Investment
Net Initial Yield 4.32%
No. Units 22
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.34 AC
Building Size 25,018 SF
Average Occupancy 100%
Number of Floors 4
Year Built 1965
Parking Ratio 0.4/1,000 SF

Site Amenities

  • Lift

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 12 - -
2+2 10 - -

Links

1 of 1
Walk Score ®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code R6 (R6 zoning – high-density multifamily)
R6 (R6 zoning – high-density multifamily)
(236) 804-0576

Contact

  • Listing ID: 32582866

  • Date on Market: 25/07/2024

  • Last Updated:

  • Address: 45699 Patten Ave, Chilliwack, BC V2P 1S3

The Residential Property at 45699 Patten Ave, Chilliwack, BC V2P 1S3 is currently available for sale. Contact Macdonald Commercial for more information.

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© 2024 CoStar Group

45699 Patten Ave
(236) 804-0576 x

45699 Patten Ave

Razi Mohamed

(236) 804-0576

(236) 804-0576

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