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Investment signal

$1,550,000

10715 TOWER ROAD, Fairfield Island

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Beds

4

Baths

2

Sqft

Year

1961

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Chilliwack. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

7.04 ACRES, HOUSE, AND ACREAGE IN CHILLIWACK. Excellent opportunity to build your dream home on a prime property with mountain and valley views and with 3 road frontages along Young Road, Tower Road, and Brinx Road. Great holding property with potential to generate rental income, ideally situated next to 3.35 Acres zoned M4 (Heavy Industrial). The property features a renovated 2,400 SQ/FT home with 4 bedrooms and 2 bathrooms, including an in-law suite in the basement. Conveniently located just minutes from all amenities with easy access to Highway #1. (id:65958)

Subtype
Single Family
Structure
House
Common interest
Freehold
Living area
2,400 square feet
Lot size
7.04 acres
Lot dimensions
7.04
Stories
2
Fireplace
1
On market
Apr 17, 2026
Status changed
Apr 21, 2026
Annual tax
$1,371.37 (2025)
Photos
22
MLS#
R3110449
Area
CHILLIWACK

Features and systems

Parking

OpenRV

Basement

FinishedUnknown

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced air

View

Mountain viewValley view
Negative cash flow ~$1,648/mo at these assumptions

Cash on cash

-6.38%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,485

Financing

Down payment$310,000
Loan amount$1,240,000
Mortgage$6,283/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$710
Insurance$80
Maintenance$1,292
CapEx reserve$646
Vacancy loss$388

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $6,283/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.

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