20037 56 Avenue
About this House
Prime redevelopment opportunity in a rapidly growing area. Development Application in place for a proposed 90-unit condominium project with City requirements addressed, 6-Storey proposal with City policy allowing up to 12-Storey Building. Creek setbacks approved by Fisheries and Oceans Canada and supported by a QEP and Geotechnical consultant. Highly efficient design with approx. 84% saleable area (54,650/65,037sqft) maximizing buildable yield while maintaining cost efficiency. Transit-oriented location allows for reduced parking requirements, further enhancing density and overall project viability. Low-cost, high-upside investment—build & sell, build & hold, or generate strong long-term rental income and cash flow. Must be sold in conjunction with neighbouring property at 20049 56 Avenue.
Listed by Medallion International Realty Ltd..
Prime redevelopment opportunity in a rapidly growing area. Development Application in place for a proposed 90-unit condominium project with City requirements addressed, 6-Storey proposal with City policy allowing up to 12-Storey Building. Creek setbacks approved by Fisheries and Oceans Canada and supported by a QEP and Geotechnical consultant. Highly efficient design with approx. 84% saleable area (54,650/65,037sqft) maximizing buildable yield while maintaining cost efficienc…y. Transit-oriented location allows for reduced parking requirements, further enhancing density and overall project viability. Low-cost, high-upside investment—build & sell, build & hold, or generate strong long-term rental income and cash flow. Must be sold in conjunction with neighbouring property at 20049 56 Avenue.
Listed by Medallion International Realty Ltd..
Listing Details
- MLS®: R3124705
- Bedrooms: 4
- Bathrooms: 2
- Type: House
- Square Feet: 1,618 sqft
- Lot Size: 23,500 sqft
- Frontage: 100.00 ft
- Full Baths: 2
- Half Baths: 0
- Taxes: $17095.14
- Basement: Partially Finished, Exterior Entry
- Storeys: 2 storeys
- Year Built: 1935
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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.
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