My Listings

45916 WELLINGTON Avenue
Chilliwack Downtown Chilliwack V2P 2C7

$6,999,000
Business with Property

Main Photo: 45916 WELLINGTON Avenue in Chilliwack: Chilliwack Downtown Business with Property for sale : MLS®# C8059593
Photo 1: 45916 WELLINGTON Avenue in Chilliwack: Chilliwack Downtown Business with Property for sale : MLS®# C8059593
Photo 2: 45916 WELLINGTON Avenue in Chilliwack: Chilliwack Downtown Business with Property for sale : MLS®# C8059593
Photo 3: 45916 WELLINGTON Avenue in Chilliwack: Chilliwack Downtown Business with Property for sale : MLS®# C8059593
Photo 4: 45916 WELLINGTON Avenue in Chilliwack: Chilliwack Downtown Business with Property for sale : MLS®# C8059593
Photo 5: 45916 WELLINGTON Avenue in Chilliwack: Chilliwack Downtown Business with Property for sale : MLS®# C8059593
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Photo 24: 45916 WELLINGTON Avenue in Chilliwack: Chilliwack Downtown Business with Property for sale : MLS®# C8059593
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Status:
Active
Prop. Type:
Business with Property
MLS® Num:
C8059593
Bus Major:
Arts and Entertainment
Bus Minor:
Entertainment/Arcade
Build. Type:
Commercial Mix
Amazing opportunity in downtown Chilliwack! This prime 18,611 sqft property is almost half an acre with a solid concrete three-storey 40,119 sqft building. The current use and included in this sale is the famous Chillibowl Lanes, established in 1982 this business offers 24 - 5 pin bowling lanes, pub, and a restaurant main floor, the upper floor features 17 tournament-style pool tables and huge arcade, the top floor in the manager suite. The business is easy to run and generates huge a cash flow. The property has enormous upside potential as it is C3 zoned, this land-designated Village Quarter that offers low-rise mixed-use buildings up to 4 storeys in height with a range of local, neighbourhood commercial amenities including grocery stores and restaurants on street level. and apartments above. Phase one environment is available and business details are also available upon request. Listed $2 million under BC assessment. Projected CAP of over 6% rate. Welcome Asset or Share sale.
Sale Type:
Share
Business Name:
CHILLIBOWL LANES LTD.
Major Bus Type:
Arts and Entertainment
Minor Bus Type:
Entertainment/Arcade
Bus Op Since:
1982
Construction:
Mixed, Other
Building Type:
Commercial Mix
# Bldgs:
1
# Storeys:
3.0
Year built:
1982 (Age: 42)
Total Floor Area:
40,119 sq. ft.
Lot Area:
18,611 sq. ft.
Land Use/Zoning:
C3
Permitted Use:
Mixed Use
Taxes:
$91,125.39 / 2023
Washrooms Female/Male
# Elevators:
0
Services Connected:
Electricity, Lane Paved, Paved Streets, Telephone, Street Lighting, Sidewalk
Water Supply:
Municipal
HVAC:
Mixed
Roof:
Other
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
Yes
Original Price:
$6,999,000
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Listed by Sutton Group-West Coast Realty
Data was last updated May 22, 2024 at 06:10 AM (UTC)
CATHY LIU
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