7235 204 Street

Land · For sale

Asking

$6,800,000

MLS® R3159096

Lot: 74,923.2 sqft

The home

This condo site has DP. Gross site was 2.2 acres, net land 1.717 acres. DP for a 4 story, P-1 site, 120 070 sq.ft. of buildable. When calculating value you must take into account that Sellers have paid $1.46 Million is fees obtaining the DP !!! Base that on the listing price, $6.8 - $1.46 = $5 340 000 net. $44.47 a buildable for a DP site with the savings of doing only P-1 in a very prime Willoughby location. This makes these condos very marketable even today!! Fantastic opportunity. TALK TO THE TOWNSHIP REGARDING TOWNHOUSE REZONING.

Facts & features

Costs

Gross taxes (2026): $1

The property

Title: Freehold NonStrata

Features

Lot: Central Location, Cleared

Listing details

Listing agent: Randy Evans - PREC

Listed by AXIS Real Estate Solutions Inc.

This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assume no responsibility for its accuracy.

The numbers

What this home might cost per month.

Home priceDown payment20% · $1,360,000Interest rate4.75%Amortization25 years

Estimated payment

$30,870/mo

Mortgage amount: $5,440,000
Down payment: $1,360,000

Principal & interest only, compounded semi-annually as Canadian fixed mortgages are. Excludes property tax, strata, and insurance. An estimate — not a pre-approval.

Talk real numbers

Interested?

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