Multifamily
Cedar Court Apartments
9250 Edward St, Chilliwack, BC V2P 4C4
Listing Price: $1,300,000
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Cedar Court, a unique, and rarely-offered multifamily asset, in the heart of Downtown Chilliwack.
This 6-unit apartment building is currently sitting vacant due to a fire in February 2024 that damaged the north side of the building and the entire car port. As such, the property is in need of immediate repair and is well-positioned for a complete renovation.
This allows interested parties the opportunity to undertake a cost-effective renovation project that will result in a fully-stabilized, high-yield, cash-flowing asset.
Cedar Court Apartments
Investment Highlights
- 6-unit vacant apartment building well-positioned for a complete renovation and a fully stabilized cash-flowing asset.
- Located just steps to multiple bus routes, endless daily amenities, and major thoroughfares like Yale Road.
- Potential for up to 4-storey redevelopment based on Chilliwack OCP and Downtown Chilliwack Land-Use designation.
- Existing suite-mix consists of 5 two-bedrooms and 1 one-bedroom. All suites are extremely spacious and include balconies/patios at the rear.
Exclusively Listed By
Listing Price: $1,300,000
Investment Highlights
- 6-unit vacant apartment building well-positioned for a complete renovation and a fully stabilized cash-flowing asset.
- Located just steps to multiple bus routes, endless daily amenities, and major thoroughfares like Yale Road.
- Potential for up to 4-storey redevelopment based on Chilliwack OCP and Downtown Chilliwack Land-Use designation.
- Existing suite-mix consists of 5 two-bedrooms and 1 one-bedroom. All suites are extremely spacious and include balconies/patios at the rear.
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Cedar Court, a unique, and rarely-offered multifamily asset, in the heart of Downtown Chilliwack. This 6-unit apartment building is currently sitting vacant due to a fire in February 2024 that damaged the north side of the building and the entire car port. As such, the property is in need of immediate repair and is well-positioned for a complete renovation. This allows interested parties the opportunity to undertake a cost-effective renovation project that will result in a fully-stabilized, high-yield, cash-flowing asset.
Exclusively Listed By
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