DEAL | One of the largest concrete buildings in downtown Chilliwack sold for 55 per cent of its assessed value on August 12, years after first being listed. The 40,000-square foot commercial premises sits on a 0.43-acre lot with C-3 zoning at 45916 Wellington Avenue. It features a bowling alley and a pub on the first floor, while arcades and pool tables were recently installed on the second floor. A manager’s suite is located on the top floor. The sale price of $4.8 million is well below the assessed value of $8.9 million and the list price of $5.8 million, and works out to $120.45 per square foot – a major correction in the area’s commercial real estate values.
PRICE | $4,818,000
FROM | Morgen Yuan, Re/Max City Realty
