9419 Woodbine Street, Chilliwack - Macdonald Commercial
FOR SALE 10-SUITE APARTMENT BUILDING – CHESHIRE PLACE 9419 Woodbine Street, Chilliwack, BC
Invest in growing Chilliwack, BC Close downtown proximity 101’ x 130’ lot in newer residential neighbourhood R5 Zoning
For further information, please contact Exclusive Agent
Dan Schulz*
Chris Winckers
778.999.5758
778.828.9763
[email protected]
[email protected]
*Personal Real Estate Corporation
Macdonald Commercial Real Estate Services Ltd. 1827 West 5th Avenue, Vancouver, BC V6J 1P5 T 604.736.5611 | F 604.736.7976 | www.macdonaldcommercial.com
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
9419 Woodbine Street, Chilliwack, BC
EXECUTIVE SUMMARY
THE OPPORTUNITY
CIVIC ADDRESS
To acquire a 10-suite apartment building in Chilliwack, BC.
9419 Woodbine Street, Chilliwack, BC
LOCATION
R5
The subject property is nestled into a neighbourhood, featuring a number of new developments. The site is only 5-minutes from the Trans-Canada Highway and is within walking distance to downtown Chilliwack.
LEGAL DESCRIPTION
IMPROVEMENTS
GROSS TAXES
Built in 1992, this two-storey building features 10 suites. The suites are made up of 8 two-bedroom suites and 2 one-bedroom suites. There is also an outdoor parking lot.
$7,380.00 (2016) –
IMPORTANT NOTICE Please do not disturb tenants. Tours of the property will be arranged for the Buyer.
ZONING
Lot 1 Plan NWP87355 Land District 36 DIVISION K PID: 016-675-410
TENURE Property to be delivered free and clear of all financial encumbrances.
PRICE $1,150,000
9419 Woodbine Street, Chilliwack, BC
RENT ROLL
9419 Woodbine Street, Chilliwack, BC
Cheshire Place Rent Roll As At January 16th, 2017 SUITE
TYPE
MONTHLY RENT
ANNUAL RENT
% TOTAL REVENUE
1 2 3 4 5 6 7 8 9 10
2-Bdrm 2-Bdrm 2-Bdrm 2-Bdrm 2-Bdrm 2-Bdrm 2-Bdrm 2-Bdrm 1-Bdrm 1-Bdrm
$700 $700 $720 $690 $700 $750 $700 $680 $560 $500
$8,400 $8,400 $8,640 $8,280 $8,400 $9,000 $8,400 $8,160 $6,720 $6,000
10.45% 10.45% 10.75% 10.30% 10.45% 11.19% 10.45% 10.15% 8.36% 7.46%
TOTAL
10 SUITES
$6,700
$80,400
100%
1 Bedrooms 20%
SUITE MIX BREAKDOWN
2 Bedroom 80% 2 Bedroom
1 Bedrooms
Suite Breakdown 2 Bedroom 8 1 Bedrooms 2 Total 10
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.
9419 Woodbine Street, Chilliwack, BC
PROFORMA
9419 Woodbine Street, Chilliwack, BC
Cheshire Place Proforma Income Statement For the Year Ended October 31, 2016
GROSS INCOME Gross Rental Less Vacancy 2.5% Total Gross Income
ACTUAL $80,400 -$2,010 $78,390
EXPENSES Operating Expenses Property Tax Insurance Utilities - BC Hydro Water / Sewer Licence Waste Removal Repairs/Maintenance Total Expenses
$7,380 $2,100 $396 $4,740 $110 $1,860 $12,300 $28,886
NET OPERATING INCOME
$49,504
ASKING PRICE CAP
VALUE
PRICE PER UNIT
4.30%
$1,150,000
$115,000.00
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.
Invest in growing Chilliwack, BC Close downtown proximity 101’ x 130’ lot in newer residential neighbourhood R5 Zoning
For further information, please contact Exclusive Agent
Dan Schulz*
Chris Winckers
778.999.5758
778.828.9763
[email protected]
[email protected]
*Personal Real Estate Corporation
Macdonald Commercial Real Estate Services Ltd. 1827 West 5th Avenue, Vancouver, BC V6J 1P5 T 604.736.5611 | F 604.736.7976 | www.macdonaldcommercial.com
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
9419 Woodbine Street, Chilliwack, BC
EXECUTIVE SUMMARY
THE OPPORTUNITY
CIVIC ADDRESS
To acquire a 10-suite apartment building in Chilliwack, BC.
9419 Woodbine Street, Chilliwack, BC
LOCATION
R5
The subject property is nestled into a neighbourhood, featuring a number of new developments. The site is only 5-minutes from the Trans-Canada Highway and is within walking distance to downtown Chilliwack.
LEGAL DESCRIPTION
IMPROVEMENTS
GROSS TAXES
Built in 1992, this two-storey building features 10 suites. The suites are made up of 8 two-bedroom suites and 2 one-bedroom suites. There is also an outdoor parking lot.
$7,380.00 (2016) –
IMPORTANT NOTICE Please do not disturb tenants. Tours of the property will be arranged for the Buyer.
ZONING
Lot 1 Plan NWP87355 Land District 36 DIVISION K PID: 016-675-410
TENURE Property to be delivered free and clear of all financial encumbrances.
PRICE $1,150,000
9419 Woodbine Street, Chilliwack, BC
RENT ROLL
9419 Woodbine Street, Chilliwack, BC
Cheshire Place Rent Roll As At January 16th, 2017 SUITE
TYPE
MONTHLY RENT
ANNUAL RENT
% TOTAL REVENUE
1 2 3 4 5 6 7 8 9 10
2-Bdrm 2-Bdrm 2-Bdrm 2-Bdrm 2-Bdrm 2-Bdrm 2-Bdrm 2-Bdrm 1-Bdrm 1-Bdrm
$700 $700 $720 $690 $700 $750 $700 $680 $560 $500
$8,400 $8,400 $8,640 $8,280 $8,400 $9,000 $8,400 $8,160 $6,720 $6,000
10.45% 10.45% 10.75% 10.30% 10.45% 11.19% 10.45% 10.15% 8.36% 7.46%
TOTAL
10 SUITES
$6,700
$80,400
100%
1 Bedrooms 20%
SUITE MIX BREAKDOWN
2 Bedroom 80% 2 Bedroom
1 Bedrooms
Suite Breakdown 2 Bedroom 8 1 Bedrooms 2 Total 10
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.
9419 Woodbine Street, Chilliwack, BC
PROFORMA
9419 Woodbine Street, Chilliwack, BC
Cheshire Place Proforma Income Statement For the Year Ended October 31, 2016
GROSS INCOME Gross Rental Less Vacancy 2.5% Total Gross Income
ACTUAL $80,400 -$2,010 $78,390
EXPENSES Operating Expenses Property Tax Insurance Utilities - BC Hydro Water / Sewer Licence Waste Removal Repairs/Maintenance Total Expenses
$7,380 $2,100 $396 $4,740 $110 $1,860 $12,300 $28,886
NET OPERATING INCOME
$49,504
ASKING PRICE CAP
VALUE
PRICE PER UNIT
4.30%
$1,150,000
$115,000.00
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.
