Property details

Turnkey Income Property with Development Upside in Chilliwack Proper South Here's your chance to secure one of Chilliwack's rare high-yield investment opportunities. Situated on a large 9,600 sq ft lot with 80 ft frontage. This fully furnished 10-bedroom, 2-bathroom home is generating $8,500/month in rental income - with a solid cap rate and a lease already in place. With over 3,080 sq ft of updated living space, this property offers immediate cash flow, future subdivision potential, and the flexibility to serve as a rental, multi-family residence, or land hold in a fast-developing neighbourhood.

General Info

Price $1,599,999

Total Bedrooms 10

Total Bathrooms 2

Half Bathrooms 0

Floor Area Total (sqft) 1250

Lot Size 9840

Lot Size Depth Feet

Lot Size Frontage 82

Basement Full, Finished, Exterior Entry

Basement Features BasementFeatures

Property Metrics

Year Built 1969

Age Of Building 56

Building Type Single Family Residence

Property Type Residential

Stories 2

Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS # R3004674

Area Chilliwack

Neighbourhood Chilliwack Proper South

City Chilliwack

Gross Taxes $3,243.52

Ownership Type Freehold NonStrata

Maintenance Fee -

Heating & Cooling

Fireplace 0

Heating Type Electric, Forced Air, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected

Utility Sewer Sanitation

Water (WaterSource) Public

Parking

Parking Type Additional Parking, Asphalt

Total Parking Spaces 1

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Strata Restrictions -

Rental Restrictions -

Zoning R1A

Rental Suites Unauthorized Suite

# of Kitchens 2

Flooring Laminate

Foundation Concrete Perimeter

Locker -

View Description -

Units In Development -

Sewer Sanitation

Roof Metal

Property History

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Status	Date	Price
Active	-	$1,599,999

Rooms

Floor	Type	Dimensions
Main Level	Bedroom	11'0 x 11'0 ft
Main Level	Bedroom	12'0 x 12'0 ft
Main Level	Primary Bedroom	14'9 x 14'9 ft
Main Level	Bedroom	13'4 x 13'4 ft
Main Level	Living Room	25'0 x 25'0 ft
Main Level	Kitchen	25'0 x 25'0 ft
Main Level	Foyer	3'0 x 3'0 ft
Below	Bedroom	12'0 x 12'0 ft
Below	Bedroom	12'3 x 12'3 ft
Below	Bedroom	13'0 x 13'0 ft
Below	Bedroom	13'8 x 13'8 ft
Below	Bedroom	12'5 x 12'5 ft
Below	Bedroom	14'0 x 14'0 ft
Below	Kitchen	10'5 x 10'5 ft
Below	Laundry	9'0 x 9'0 ft
Below	Walk-In Closet	9'9 x 9'9 ft

Listed by: ComFree

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Private Schools

Elementary, Secondary

Highroad Academy

0.57 km

Rating 7/10

Elementary, Secondary

Highroad Academy

0.57 km

Rating 7/10

Closest Transit

Chilliwack

Broadway at McCaffrey (SB)

0.24 km

The closest Elementary independent school to this home for sale located at 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5 is Highroad Academy with School's rating Rating 7/10, located 0.57 km from this home.

The closest to this address 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5 Secondary independent school is Highroad Academy with School's rating Rating 7/10, located 0.57 km from this home

The closest Bus station is Broadway at McCaffrey (SB) in 0.24 km away from this listing with - MLS® R3004674.

9.5% of people with university certificate/degree live in this neighbourhood adjacent to the 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5 which is Low in comparison with other BC neighbourhoods. 21.6% of population in this neighbourhood that is near the Listing MLS® R3004674 have no certificate or degree. This number is Above Average compared to the average in BC.

Median Household Income near this dwelling with the address 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5, Chilliwack, BC is $63707 which is Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R3004674 is $30822 which is Below Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 66.1% which is Above Average.

Unemployment rate in the area around Real Estate Listing # R3004674 is 6 which is Below Average in comparison to the other province neighbourhoods.

This real estate is located in 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5 Chilliwack Proper South where population change between 2011 and 2016 was 2.9%. This is Above Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5, Chilliwack, BC is 1299.8 which is Average people per sq.km.

Average size of families in the area adjacent to home for sale 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5 is 2.9. This is Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R3004674 is 57.6% and it is Average. % of Married or living common law is around 58.4% and it is Average.

Average age of the population close to the 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5 is 40.6 . This percentage is Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5, Chilliwack, BC is $299965 and this is Below Average comparing to other areas in British Columbia

Average Owner payments are Below Average in the area adjacent to 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5. $1040 owners spent in average for the dwelling. Tenants are paying $1194 in this district close to MLS® R3004674 and it is Above Average comparing to other cities.

21.9% of Population in this district near the 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5 are Renters and it is Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5, Chilliwack, BC is 3.6%, it is Low, % of English speakers only is 95.8% and Above Average. % of Neither English nor French speakers close to home for sale 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5, Chilliwack, BC is 0.8% and it is Average comparing to other BC cities.

2.7% of all population in the area around this property with the address 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5, Chilliwack, BC using Public Transport which is Below Average, 91.8% of using population are using Cars around MLS® R3004674, which is Above Average. 1.7% of people using Bicycles around the 8505 HOWARD CRESCENT, Chilliwack BC V2P 5R5 and it is Above Average. 2.7% of population are walking which is Below Average

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