The subject properties are located at 46078 and 46096 Bole Avenue in Chilliwack in an R-6 High Density Residential Multi-Family zoned area. They are within walking distance of shopping and amenities as well as many new development sites. The City of Chilliwack was voted in 2006 by KPMG as the most cost-competitive region in the Pacifi c area of the United States and Canada, which provides exceptional value to any investment. The introduction of the Revitalization Tax Exemption to the Downtown core of Chilliwack has also provided motivation for developers to redevelop the area.