Map of Property

Garrison Place Apartments Listing Details & Market Data

5810, 5820, 5830 Vedder Way, Chilliwack, BC V2S

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 82,210 SF
  • Units 120
  • Lot Size 3.75 Acre
  • Date Updated Mar 4, 2024
Avison Young is pleased to market for sale, Garrison Place Apartments, located at 5380 Vedder Road, Chilliwack, BC (the “Property”). Garrison Place consists of three apartment buildings boasting 120 units on a 3.75-acre lot. The Property is located in the Vedder-Garrison neighbourhood which benefits from its close proximity to various amenities, recreational parks, and education centres.The Property is located along a major arterial route (Vedder Road) which connects directly to downtown Chilliwack and Highway 1 in 10 and 15 minutes respectively. As well, the property has the advantage of its close proximity to Cultus Lake which tenants can access through the Vedder Bridge. As an investment, this offering is a rare opportunity to acquire three wood-frame apartment buildings. These buildings offer an attractive yield with favourable CMHC assumable debt at 1.79% until 2026. With over $860,000 in capital upgrades, investors can be assured of the quality and maintenance that the Property has received in recent years.

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Attachments

Highlights

  • $860,000 capital upgrades completed
  • Each building is separately titled
  • Rare three building investment opportunity
  • Situated on a large 3.75-acre site for future development
  • Held in a bare trust offering significant PTT savings
  • Below market rents with further income upside

Contacts

broker

Carey Buntain

Avison Young - CA - BC - Vancouver

(604) 647-1352

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (53)

  • Transit Score ®

    Some Transit (44)

  • Bike Score ®

    Somewhat Bikeable (47)
Powered by Walk Score ®
  • City Chilliwack, BC
  • Neighborhood Poplar
  • Postal Code V2S

Points of Interest

  • Abbotsford

    5.65 miles

  • Mission City

    6.97 miles

  • Shell

    0.19 miles

  • Chevron

    0.20 miles

  • Husky

    0.22 miles

  • Petro-Canada

    0.24 miles

  • EcoDairy ABB Fast-Charge

    0.58 miles

  • ChargePoint

    0.74 miles

  • Esso

    0.83 miles

  • Costco Gasoline

    0.83 miles

  • Costco Propane

    0.88 miles

  • FLO

    0.97 miles

  • Lonzo Road West Lot

    0.16 miles

  • Lonzo Road East Lot

    0.18 miles

  • Visitor Parking

    0.34 miles

  • Visitor/Disabled Parking

    0.58 miles

  • Parking Lot 7

    0.65 miles

  • Parking Lot 8

    0.67 miles

  • Parking Lot 9

    0.70 miles

  • Parking Lot 6

    0.70 miles

  • Parking Lot 5

    0.71 miles

  • Parking Lot 4

    0.73 miles

  • McDonald's

    0.08 miles

  • Subway

    0.14 miles

  • Crossroads Family Restaurant

    0.15 miles

  • Burger King

    0.17 miles

  • Wings Tap & Grill

    0.19 miles

  • DQ Grill & Chill

    0.22 miles

  • Cactus Club Cafe

    0.22 miles

  • KFC

    0.23 miles

  • Fatburger Express

    0.23 miles

  • Famoso Pizzeria

    0.26 miles

  • The Acting Academy

    0.28 miles

  • University of the Fraser Valley

    0.78 miles

  • McMillan Elementary

    0.81 miles

  • William A. Fraser Middle School

    0.84 miles

  • Alexander Elementary School

    0.87 miles

  • Yale Secondary

    0.94 miles

  • Abbotsford Virtual School

    1.22 miles

  • Temple Music Academy

    1.26 miles

  • Sterling North Education - Abbotsford

    1.26 miles

  • Sprott Shaw College - Abbotsford Campus

    1.37 miles

  • Sun Hang Do Martial Arts Kids Life Skills Club

    0.49 miles

  • Kids Club Child Care Centre Ltd.

    0.98 miles

  • Little Leaders Childcare Centre

    1.01 miles

  • Central Heights Preschool

    1.02 miles

  • Little Leaders Childcare

    1.07 miles

  • Little Leaders Childcare Centre

    1.08 miles

  • Country Bears Child Care Centre Inc

    1.09 miles

  • Little Koala Montessori Academy

    1.19 miles

  • Contemporary Kids Learning Centre

    1.31 miles

  • The Learning Circle

    1.35 miles

Contact Listing Broker

broker

Carey Buntain

Avison Young - CA - BC - Vancouver

(604) 647-1352