FOR SALE Income Producing Investment Opportunity 9360 YOUNG RD CHILLIWACK, BC

SUBJECT PROPERTY

REDEVELOPMENT

Own a part of Downtown Chilliwack 9360 YOUNG RD, CHILLIWACK

SALE PRICE $1,088,000 FOR SALE BUILDING SIZE 3766 Sq Ft TOWN CENTRE COMMERICAL LOT SIZE 4295 Sq Ft ZONING C3

Great opportunity to own a part of downtown in time for all the new development. This well located property is directly across from large city parking lot and great city park. The building has recent roof, HVAC and awnings. Inside is arranged in 3 distinct, efficient areas seating 80 plus a private, well used banquet room seating 58 providing a total of 138 seats. The long term tenant/lease is a well established very popular restaurant.

Restaurant has 3 years + option on the lease remaining.

POINTS OF INTEREST WITHIN < 1.5 KM

A. Chillibowl Lanes B. Coast Hotel C. Shoppers Drug Mart

D. Safeway E. Central Community Park F. Chilliwack Hospital

G. Townsend Park H. Prospera Centre I. HWY 1 Interchange

I

F Present Zoning C3 TOWN CENTER COMMERCIAL

The C3 ZONE designates the central business district of the former City of Chilliwack, which owing to availability of full services, including community water, sanitary sewer and storm sewer and central location is suited to variety Top 10 of uses. Real Estate ýý PERMITTED USES: Investment (a) GENERAL COMMERCIAL (i) APARTMENT (b) PUBLIC OR PRIVATE ASSEMBLY (f) ACCESSORY DWELLING UNIT Communities (c) CIVIC ADMINISTRATION (g) SPECIALIZED CRAFT MANUFACTURING

(d) TOURIST ACCOMMODATION (h) OFF-STREET PARKING Chilliwack Real Estate Market has proven (i) HOTEL/MOTOR-HOTEL (i) OFF-STREET LOADING to be an excellent investment for investors, (e) MULTI-FAMILY RESIDENTIAL (j) ACCESSORY HOME OCCUPATION and homeowners alike. In November 2017 REIN (real estate investment network) listed Chilliwack #7 of the top 10 B.C. real estate investment communities: Community Development 1. Surrey Chilliwack Downtown ReDevelopment 2. Abbotsford 3. New Westminster The new & innovative redevelopment proposed by Algra Bros. 4. Victoria Developments aims to transform the downtown into a healthy, sustainable 5. Kamloops and thriving community that promotes social and economic vitality. 6. Kelowna 7. Chilliwack The Greater Chilliwack 8. The Tri-Cities (Coquitlam, Port population is over 92 000 Coquitlam & Port Moody) and expanding every year. 9. Burnaby With this population growth 10. Vancouver comes a new expansion to downtown business.

 Population  Growth

9360 Young Rd. 92,000 4.7% TOTAL POPULATION YEARLY AVERAGE

 Proximity  Median Age ReDevelopment 1 HR 41 FROM VANCOUVER YEARS OLD PROXIMITY TO MARKETS

Chilliwack provides easy access to local, regional, national and international markets. Located along the Trans Canada Highway and next to local, national and international railways, Chilliwack is only 20 minutes away from a USA border crossing and Abbotsford International Airport, 90 minutes from Vancouver International Airport and one hour from the nearest sea port.

HIGHWAY 1

YVR AIRPORT 90 MIN. DRIVE

US BORDER 20 MIN. DRIVE

Rishi Dhir COMMERCIAL SPECIALIST

Cell: 604-831-4744 [email protected] 3107 Kingsway Vancouver | BC | V5R 5J9 www.realty604.ca 604-439-0068