Map of Property

Garrison Place Apartments

For Sale

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

This Chilliwack property for sale is located at 5810, 5820, 5830 Vedder Way. Contact the listing broker for details on the current sale price for Garrison Place Apartments. Garrison Place Apartments is situated on a lot that is 3.75 acre in size.

Contacts

broker

Carey Buntain

Avison Young - CA - BC - Vancouver

(604) 647-1352

Property Details

  • Property Type Multi-Family
  • Property Size 82,210 SF
  • Units 120
  • Lot Size 3.75 Acre
  • Additional Rent Contact for pricing
  • Date Updated Apr 28, 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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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

Attachments

Getting around

  • 53/100

    Walk Score ®

  • 44/100

    Transit Score ®

  • 47/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Super 8 by Wyndham Abbotsford BC

    0.13 miles

  • Travelodge by Wyndham Abbotsford Bakerview

    0.14 miles

  • The Coast Abbotsford Hotel & Suites

    0.29 miles

  • Baker House

    0.77 miles

  • Red Lion Inn & Suites

    1.26 miles

  • Clarion Hotel & Conference Centre

    2.03 miles

  • Sandman Hotel & Suites Abbotsford

    2.39 miles

  • Best Western Plus Regency Inn & Conference Centre

    2.84 miles

  • Alpine Inn

    2.85 miles

  • Abbotsford Hotel

    3.05 miles

  • Walmart

    0.05 miles

  • Huntingdon Station

    0.22 miles

  • DeLair Centre

    0.25 miles

  • Ray's NOFRILLS

    0.32 miles

  • Abbotsford Village Shopping Centre

    0.35 miles

  • Save-On-Foods

    0.40 miles

  • Bakerview Home Centre

    0.58 miles

  • Abbotsford Power Centre

    0.75 miles

  • Yale Court Plaza

    0.86 miles

  • McCallum Junction

    0.89 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Carey Buntain

Avison Young - CA - BC - Vancouver

(604) 647-1352