$3,499,900

^$400,000

45083 South Sumas Road

Sardis West Vedder, Chilliwack, BC, V2R 1W5

0 | 0 | 0 sq.ft. |

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Your property search stops here! Fantastic potential with this extraordinary foreclosure property nestled in Sardis’ popular West Vedder area. Situated in an area currently zoned in the Official Community Plan (OCP) as RL, a previous PLA was granted for nine bare land strata lots and two fee simple lots over 1. 75 acres of the two adjoining properties. While potential rezoning may be on the horizon, the property is being sold as is/where is, so prospective purchasers and agents are encouraged to conduct thorough due diligence on rezoning and development.

Property Info

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MLS®: R2927782

Listing Courtesy of RE/MAX Lifestyles Realty (Langley)

Floor Space 0 sq.ft.

Lot Size 1 sq.ft.

Title Type Freehold NonStrata

Date Listed XXXX-XX-XX

Property Type Other

Listed Price $3,499,900

Unit Pricing $3,499,900/sq.ft.

Strata Fee $0.00

Tax Estimate $10,930/Year

More Details

Floor Space Finished 0.00 sq.ft.

Zoning R1-A

Water Supply XXXXXX

Summary

Location and General Information

MLS Area Major: Sardis
Street Name: South Sumas
City: Chilliwack
State Or Province: BC
Postal Code: V2R 1W5
Property Type: Land

Taxes and HOA Information

Tax Year: 2024

Interior and Exterior Features

Interior Features

Exterior Features

Property

Utilities

Water Source: Public

Property and Assessments

Lot Size Square Feet: 64033.2

Lot Information

Lot Features: Recreation Nearby
Parcel Number: 009651071

Sold History

Selling

R2927782 Other Sep 19, 2024 Listed $3,899,900

R2860975 Other Sep 18, 2024 Removed $3,999,900

R2857374 Other Mar 18, 2024 Removed $4,500,000

R2834460 Other Mar 8, 2024 Removed $6,800,000

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City Introduction

Overview of Chilliwack, BC, Canada

Population

Chilliwack is an important city in the Fraser Valley region of British Columbia, with a population of approximately 102,000 (2024). Chilliwack is a multicultural city, with about 45% of residents belonging to visible minorities, including a significant South Asian community (26.1%) and a Chinese community (9%). Additionally, around 56% of residents speak a primary language other than English, reflecting its cultural diversity.

Economy

Key Industries: Agriculture, manufacturing, logistics, and tourism. Chilliwack is known for its fertile farmland and rich natural resources, making it a key agricultural and manufacturing hub in BC.
Commercial Centers: Chilliwack's commercial areas are mainly concentrated in the downtown and surrounding regions, attracting both consumers and investors.
Educational Resources: Chilliwack is home to several high-quality schools and training institutions, contributing to a skilled workforce and fostering innovation.

Living Features

Natural Environment: Chilliwack boasts abundant natural landscapes, including Chilliwack Lake and numerous community parks, ideal for outdoor activities.
Transportation: Chilliwack is well-connected to downtown Vancouver via highways and bus systems, with a commute time of about 1 hour.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: Chilliwack's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $1.2 million CAD and condos around $600,000 CAD (2024).

Opportunities:

Stable rental market: Chilliwack's transportation links and natural environment attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

Chilliwack is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include the downtown core and surrounding neighborhoods, while properties near transportation hubs are attractive for investors.

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