Avison Young is pleased to present Mountain View Apartments, an 11-unit rental complex located at 9091 Mary Street in the heart of Downtown Chilliwack. Built in 1972 and situated on a 10,727 sf site, the Property is improved with a three-storey apartment building and offers surface parking for tenants. The Property currently provides stable cash flow, with average rents approximately 20% below market. With modest upgrades, rents have the potential to increase by 30% or more, supporting significant income growth. This strong rental upside also creates opportunities for favourable financing, including eligibility under CMHC's MLI Select program. (37021340)
Property Type
Multi-family
Time on REALTOR.ca
72 days
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