About this Multi-Family Commercial in Chilliwack Proper West
Avison Young is pleased to present Mountain View Apartments, an 11-unit rental complex located at 9091 Mary Street in the heart of Downtown Chilliwack. Built in 1972 and situated on a 10,727 sf site, the Property is improved with a three-storey apartment building and offers surface parking for tenants. The Property currently provides stable cash flow, with average rents approximately 20% below market. With modest upgrades, rents have the potential to increase by 30% or more, …supporting significant income growth. This strong rental upside also creates opportunities for favourable financing, including eligibility under CMHC's MLI Select program.
Listed by Avison Young Commercial Real Estate Services, LP.
Avison Young is pleased to present Mountain View Apartments, an 11-unit rental complex located at 9091 Mary Street in the heart of Downtown Chilliwack. Built in 1972 and situated on a 10,727 sf site, the Property is improved with a three-storey apartment building and offers surface parking for tenants. The Property currently provides stable cash flow, with average rents approximately 20% below market. With modest upgrades, rents have the potential to increase by 30% or more, supporting significant income growth. This strong rental upside also creates opportunities for favourable financing, including eligibility under CMHC's MLI Select program.
Listed by Avison Young Commercial Real Estate Services, LP.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Ken Stef for your convenience.
Disclaimer: 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
More Details
- Type: Multi-Family Commercial
- Sub Type: Multi Family
More About Chilliwack Proper West, Chilliwack
latitude:
longitude:
Postal Code: V2P 4J2
