The Subject Property is a rare opportunity to acquire a high income asset designated for medium density mixed-use in Chilliwack's Official Community Plan. The current property features ~40,000 SF of entertainment oriented business operations, along with third floor residential accommodation. The building is situated on ~18,611 SF zoned C-3 Town Center Commercial. Placed at the in heart of the downtown core, just off the famous “Five Corners” and adjacent to the prestigious 1881 District Development which is a neighbourhood of distinctive architecture and historic buildings crisscrossed by pedestrian alleys filled with loft-style apartments, unique office spaces, and locally owned restaurants, breweries and retail shops. Outstanding walkable amenities. The Subject Property is also strategically located within a 400m radius of the Downtown Transit Exchange. Recently, the Province of BC has enacted Bill 47 in which the legislation allows the Province the option of designating Transit Oriented Areas (TOA) around rapid transit, train stations, and bus exchanges. The minimum density contemplated for the Subject Property suggests 2.5 FAR or 6 Storeys which is greater than the current OCP designation. Additionally, the Vendor may consider a lease-back scenario upon completion. For further details or to tour, please contact Cynthia Dong or Steve Da Cruz.