46197 Reece Ave, Chilliwack, BC, MLS® R3056432

$999,914
Est. Mortgage /mo

$999,914
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
7 Beds
2 Baths
2 Stories
lot 8712 sqft
2452 sqft
1956 built
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Map
Street view
Schools
Crime
Commute
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46197 Reece Ave, Chilliwack, BC | MLS® R3056432 Property Details

Investors & Developers: An Opportunity You Can't Miss! Discover this charming rancher w/full basement, offering 7 bedrooms, 2 kitchens & 2 updated bathrooms. Located on a corner lot with 66’ frontage, this property presents potential for MULTI FAMILY future development(city will support rezoning). The home has been well-maintained & numerous upgrades, including modern flooring & renovated bathrooms. Currently occupied by wonderful tenants who are eager to stay, it’s a perfect turn-key investment opportunity. Whether you're seeking a solid holding property, a family home w/income potential, or a prime site for future development, this property checks all the boxes. With endless possibilities on the horizon, don’t miss out on this opportunity in one of Chilliwack’s most promising areas

General Info

Price $999,914
Total Bedrooms 7
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 2452
Lot Size 8712
Lot Size Depth Feet
Lot Size Frontage 66
Basement Finished
Basement Features BasementFeatures

Property Metrics

Year Built 1956
Age Of Building 69
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow w/Bsmt.
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R3056432
Area Chilliwack
Neighbourhood Chilliwack Proper East
City Chilliwack
Gross Taxes $4,107.18
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 0
Heating Type Forced Air, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Single, RV Access/Parking, Front Access
Total Parking Spaces 6

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Strata Restrictions -
Rental Restrictions -
Zoning R1A
Rental Suites Unauthorized Suite
# of Kitchens 2
Flooring Laminate, Tile, Wall/Wall/Mixed
Foundation Concrete Perimeter
Interior Features Storage
Locker -
View Description -
Units In Development -
Sewer Public Sewer, Sanitary Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: RE/MAX Nyda Realty Inc. & RE/MAX Nyda Realty Inc.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Private Schools

Elementary
Chilliwack Adventist Christian School
0.57 km
Elementary, Secondary
Highroad Academy
1.82 km

Closest Transit

Chilliwack
Williams at Yale (NB)
0.28 km
Skytrain
West Coast Express @ Mission City Station
26.39 km

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to the vibrant community of Chilliwack Proper East, where you'll find a charming home for sale at 46197 Reece Avenue, listed under MLS® R3056432. As we take a stroll through this lovely neighborhood, let's start with the top-rated schools for your children.

Just a short 0.57 km walk from your future home, you'll find Chilliwack Adventist Christian School, an excellent Elementary independent school with no official rating, but a reputation for providing a nurturing environment for young minds. For Secondary education, Highroad Academy is just a 1.82 km drive away, boasting a 7/10 rating and a strong focus on academic excellence.

Now, let's talk about getting around. The closest bus station, Williams at Yale (NB), is conveniently located just 0.28 km away, making it easy to get to work, school, or anywhere else in Chilliwack. With a reliable public transportation system, you can enjoy the freedom to explore and travel without worrying about driving.

As we explore the demographics of this community, you'll notice that 6.3% of residents hold a university certificate or degree, which is relatively low compared to other neighborhoods in BC. However, this also means that you'll find a strong sense of community and a more laid-back atmosphere. On the other hand, 30.6% of the population has no certificate or degree, which is a bit higher than the average in BC.

In terms of income, the median household income in this area is $32,000, which is lower than the British Columbia average. However, with 71.2% of households owning their homes, you'll find a sense of stability and belonging in this community. According to Statistics Canada's 2020 report, Chilliwack has seen a significant population growth rate of 13.5% between 2011 and 2016, which is higher than the average growth rate in this region.

As we look at the population density, you'll notice that it's relatively high, with 4,030 people per square kilometer. This means that you'll find a lively and diverse community with plenty of opportunities to connect with your neighbors. The average family size in this area is 2.5, which is smaller than the average family size in this region.

In terms of lifestyle, you'll find a mix of young and old, with an average age of 40.3 years in this community. While it's not the highest or lowest compared to other BC cities, it's a great indicator of a balanced and dynamic community. With 59.1% of families having children, you'll find a strong sense of family values and a welcoming atmosphere.

Now, let's talk about the real estate market. The average value of dwellings in this neighborhood is $252,348, which is below average compared to other areas in British Columbia. However, with average owner payments of $975 and tenant payments of $764, you'll find a relatively affordable housing market in this area. Interestingly, 73.3% of the population in this district are renters, which is higher than the average in BC.

As we explore the language spoken in this community, you'll notice that 95.3% of residents speak English only, which is above average compared to other BC cities. However, only 3.9% of the population speaks both English and French, which is relatively low.

In terms of transportation, you'll find a mix of public transport, cars, bicycles, and walking. While 5% of the population uses public transport, which is below average, 80.9% use cars, which is also below average. However, 2.8% of residents use bicycles, which is above average, and 9.9% walk, also above average.

As we conclude our tour of the 46197 Reece Avenue community, you'll see that it's a vibrant and diverse neighborhood with a strong sense of community. From top-rated schools to affordable housing, this area offers a great balance of lifestyle and convenience. Whether you're a young family, a retiree, or anyone in between, this home for sale under MLS® R3056432 is definitely worth considering.

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $999,914
Chilliwack No comparables
Chilliwack Proper East No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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