Property Type: Land / LotOwnership: Freehold

197 WAKITA STREET

Kitimat, BC V8C0B7

$159,990

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Property Details

Property & Lot

Lot size
13,983 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,835.81 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3113618
Listed
April 20, 2026
Time on market
On the market for 133 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Century 21 Northwest Realty Ltd. · Data source: CREA DDF.

Description

Build your dream home in Forest Heights. This 13,983 sq ft lot offers great sun exposure, is surrounded by new construction, and sits in a quiet, growing neighbourhood. Enjoy nearby walking trails to the river and a setting that continues to gain demand. A solid opportunity to secure land in one of Kitimat's most desirable areas. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Kitimat average

$193/sqft

2 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

14°C

Humidity 99%

Wind SE 10 km/h

Tonight

11°

Tuesday

14°

Tuesday night

10°

Wednesday

23°

Wednesday night

13°

Thursday

24°

Source: Environment and Climate Change Canada.

Population

8,236

(2021 Census)

+1.3% since 2016

Density: 34.4/km²

Dwellings: 4,381

Median household income: $103,000

After-tax: $88,000

Immigrant population: 16.6%

Top countries of origin (% of total population)

  • Portugal4.2% · 350
  • United Kingdom2.2% · 185
  • Philippines1.8% · 145
  • Germany1.3% · 105
  • United States of America0.8% · 70
  • India0.8% · 65
  • Somalia0.5% · 40
  • Italy0.4% · 30

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
St Anthony's(Independent)Elementary/Middle709 m
Mount Elizabeth Middle/SecondaryElementary992 m
Nechako ElementaryElementary1.1 km
Kitimat City HighSecondary2.0 km
Kildala ElementaryElementary3.3 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Coast Mountains (SD82)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($8,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$127,992.00
Periodic payment — Principal & Interest (monthly)$825.76
Additional monthly expenses (strata, tax, utilities, etc.)$152.98
Total monthly cost$978.75
Interest paid over 5-yr term$36,682.88
Balance at end of term$115,129.22

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$8,000
Stress test qualifying rate8.09%
Payment you must qualify for$1,168.75

Cash Needed at Closing

Minimum down payment$8,000
Estimated BC PTT$1,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$11,099

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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