8500 Forest Gate Dr, Chilliwack, BC, MLS® R2992423

$525,900
Est. Mortgage /mo

$525,900
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
0 Stories
lot 4497 sqft
0 sqft
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8500 Forest Gate Dr, Chilliwack, BC | MLS® R2992423 Property Details

Build Your Dream Home with Stunning Valley Views – Eastern Hillsides, Chilliwack, Don’t miss this rare opportunity to own a prime building lot in the sought-after Eastern Hillsides community of Chilliwack. This lot offers breathtaking views of the valley and is ideally located with quick and easy access to Highway #1. Included at no extra cost are professionally designed building plans for a stunning 4,500 sq.ft., 3-storey dream home—complete with a LEGAL 2-bedroom basement suite. This modern layout maximizes space, comfort, and style. One of the few remaining lots in the area! The seller is also open to building the home for the buyer—terms to be negotiated. Located close to The Falls Golf Course, Unity Christian School, Community Forest Trails, and the upcoming Bridal Falls Gondola.

General Info

Price $525,900
Total Bedrooms -
Total Bathrooms -
Half Bathrooms -
Floor Area Total (sqft) -
Lot Size 4497
Lot Size Depth Feet
Lot Size Frontage 45
Basement Features BasementFeatures

Property Metrics

Year Built -
Age Of Building -
Building Type -
Property Type Land
Stories -
Building Features BuildingFeatures
Structures Land Only

Additional Details

MLS # R2992423
Area Chilliwack
Neighbourhood Eastern Hillsides
City Chilliwack
Gross Taxes $1,773.32
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -

Utilities

Utility Type Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity At Lot Line, Natural Gas At Lot Line, Phone Nearby, Cable Available
Water (WaterSource) Public

Parking

Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning R3
Rental Suites -
# of Kitchens -
Locker -
View 1
View Description VALLEY VIEW
Units In Development -

Property History

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Status Date Price

Listed by: Planet Group Realty Inc.

NOTE: 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 assumes no responsibility for its accuracy.

Neighborhood Info

Private Schools

Elementary, Secondary
Unity Christian School
1.02 km
Rating 7.8/10
Elementary, Secondary
Unity Christian School
1.02 km
Rating 7.8/10

Closest Transit

Chilliwack
Yale at McGrath (EB)
2.95 km

Welcome to this stunning property located at 8500 Forest Gate Drive in the beautiful area of Chilliwack, BC, listed as MLS® R2992423. As we step into this wonderful community, I want to share with you the exciting features and facts that make this neighborhood truly special.

Let's start with the wonderful schools in the area. One of the closest Elementary schools to this home is Unity Christian School, with an impressive rating of 7.8/10, located just 1.02 km away from 8500 Forest Gate Drive. This school is a great option for families looking for a top-notch education, and Unity Christian School is definitely worth considering.

For Secondary education, Unity Christian School is also the closest option, with the same impressive rating of 7.8/10, and located just 1.02 km from this home. Their commitment to providing a well-rounded education is evident in their strong reputation, making them a top choice for families.

Now, let's talk about transportation. The closest bus station is Yale at McGrath (EB), which is conveniently located just 2.95 km away from this 8500 Forest Gate Drive property, making it easy to get around the city without a car.

As we explore the demographics of the area, we find that 17.8% of people in this neighborhood hold a university certificate or degree, which is Average compared to other BC neighborhoods. However, 12.7% of the population in this area have no certificate or degree, which is Below Average compared to the average in BC.

In terms of income, the median household income in this area is a impressive $100,901, which is High compared to the British Columbia average. Additionally, the median personal income is $40,464, which is Above Average compared to the BC average. Furthermore, 71.2% of households in this area have a mortgage, which is High.

Looking at the job market, the unemployment rate in this area is a low 4.2%, which is Low compared to other province neighborhoods. This suggests that the area is thriving and offers a strong economy for residents.

As we dive deeper into the community, we find that the population in this area has grown by 35.7% between 2011 and 2016, which is High compared to average growth rate of this region. This indicates a vibrant and growing community.

In terms of population density, this area has a relatively low density of 59.7 people per square kilometer, which is Below Average compared to other areas. However, the average family size in this area is 3.1, which is Above Average compared to the whole region.

The population in this area is also relatively young, with an average age of 37.5, which is Below Average compared to other BC cities. Additionally, 55.7% of families in this area have children, which is Average, and 72.8% of the population is married or living common law, which is High.

As for housing, the average value of dwellings in this area is $682,346, which is High compared to other areas in British Columbia. Furthermore, the average owner payments are High, with owners spending an average of $1,703 per month, and tenants paying an average of $1,646 per month.

Interestingly, 14.2% of the population in this area are renters, which is Below Average compared to other BC cities and areas. However, 95.1% of the population speaks only English, which is Above Average, and 0.3% speak neither English nor French, which is Below Average.

Finally, when it comes to transportation, 1.1% of the population in this area use public transportation, which is Low, and 97% use cars, which is High. Meanwhile, 0% use bicycles, and 1.1% walk, which is also Low.

In summary, this property at 8500 Forest Gate Drive in Chilliwack, BC, listed as MLS® R2992423, is located in a wonderful community with top-notch schools, convenient transportation options, and a thriving economy. The area has a mix of demographics, with a high median household income and a relatively low unemployment rate. The community is growing and vibrant, with a young population and a strong sense of family values. If you're looking for a wonderful place to call home, this property is definitely worth considering.

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $525,900
Chilliwack $454,000
Eastern Hillsides $404,444
Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
Call or Text Now!
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