9388 Ashwell Road

General property description

Prime development opportunity in Chilliwack. Currently in rezoning from R4 to R1-A to allow a 2-lot subdivision with small-scale multi-unit housing potential. Proposed plans support up to 6 units total, including duplex-style homes with 1 suite on each lot. The property meets subdivision requirements and offers a usable building envelope without variances. Located on Ashwell Rd just off Spadina Ave in a mature neighbourhood with a mix of detached homes, townhomes, and apartments. Walking distance to The Landing, Chilliwack Cultural Centre, and Exhibition Field. Strong upside for builders and investors looking to maximize land value in a growing area. Buyer to verify building and developement guidelines.

Mortgage estimate

Tax from listing

Est. monthly total

$5,734

/mo

Rate

%

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Amortization

25 yr30 yr

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Principal and interest

$5,083

Property tax

$501

P&I

Tax

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $219,800 down (20%) on $1,099,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.