Garrison Place

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Address: 5810, 5820, 5830 Vedder Way, Chilliwack, British Columbia, CA
Created date: February 28, 2024
Date last updated: July 3, 2024
  • $860,000 capital upgrades completed
  • Each building is separately titled
  • Rare three building investment opportunity
  • Situated on a large 3.75-acre site for future development
  • Held in a bare trust offering significant PTT savings
  • Below market rents with further income upside

Property Description

The Property is located along a major arterial route (Vedder Road) which connects directly to downtown Chilliwack and Highway 1 in 10 and 15 minutes respectively. As well, the property has the advantage of its close proximity to Cultus Lake which tenants can access through the Vedder Bridge. As an investment, this offering is a rare opportunity to acquire three wood-frame apartment buildings. These buildings offer an attractive yield with favourable CMHC assumable debt at 1.79% until 2026. With over $860,000 in capital upgrades, investors can be assured of the quality and maintenance that the Property has received in recent years.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 120
Lot Size: 3.75 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 5810, 5820, 5830 Vedder Way, Chilliwack, BC V2S, Canada
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