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45886 WELLINGTON Avenue
Chilliwack Downtown Chilliwack V2P 2C7

$3,999,900
Commercial

Main Photo: 45886 WELLINGTON Avenue in Chilliwack: Chilliwack Downtown Commercial for sale : MLS®# C8062308
Photo 1: 45886 WELLINGTON Avenue in Chilliwack: Chilliwack Downtown Commercial for sale : MLS®# C8062308
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
C8062308
Bus Major:
Accommodation Travel & Tourism
Bus Minor:
Hotel/Motel
This property presents a rare opportunity to acquire a 21,000+ SqFt historic hotel with 27 charming bed and breakfast suites, ideally situated in the rapidly transforming downtown Chilliwack area. The Royal Hotel, partially updated in 2000 and 2022, boasts a rich history and modem upgrades, including full sprinklers, updated plumbing, electrical systems, heating, air conditioning, and ventilation. The property also features multiple restaurant spaces, including a 155-seat dining area with an additional banquet room for larger events. Sold as-is-where-is, this unique investment is Subject to Court Approval and offers immense potential in a thriving location.
Major Bus Type:
Accommodation Travel & Tourism
Minor Bus Type:
Hotel/Motel
Name of Complex/Subdivision:
# Units:
0
# Other Units:
# of Apartments:
27
# Storeys:
3.0
Year built:
1908 (Age: 117)
Total Floor Area:
21,500 sq. ft.
Lot Area:
12,264 sq. ft.
Land Use/Zoning:
C3
Roof:
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by Century 21 Creekside Realty Ltd.
Data was last updated January 9, 2025 at 07:10 AM (UTC)
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