45798, 45788 & 45784 Wellington Ave

Development Opportunity: 45798, 45788 & 45784 Wellington Avenue, Chilliwack, BC

Located at the intersection of Wellington Avenue and Mary Street in downtown Chilliwack, this 31,320 square foot site presents a significant opportunity for residential development. The site consists of three parcels, each designated under Chilliwack's Official Community Plan (OCP) for mid-high density residential development.

Key Details:

• Total Site Area: 31,320 square feet
• Current Zoning: C2 (General Commercial) and R6 (Residential)
• OCP Designation: Residential 4, allowing for mid-high rise apartment development with a density of up to 450 units per hectare.
• Development Potential: The site is suitable for a variety of residential projects, including rental or strata developments, with potential building heights of up to 18 storeys.
• Location Benefits: The site is centrally located within walking distance of Main Street, Chilliwack General Hospital, schools, parks, and other key amenities. It is also close to Frequent Transit Route 51, offering good connectivity to the surrounding area.
• Transaction Structure: The property is available as a share sale, which may allow purchasers to avoid property transfer tax.

This site is positioned within a rapidly developing area of downtown Chilliwack, making it an ideal location for a high-density residential project that aligns with the city’s growth and urban planning objectives.