Property Type: Detached HouseOwnership: Freehold

245 8TH AVENUE

Burns Lake, BC V0J1E0

$390,000

4 bed2 bath2,128 sqftBuilt 1986
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.53 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,945.9 (2025)

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Fireplace
None

Exterior & Lot

Exterior features
Vinyl siding

Building

Foundation
Preserved Wood
Roof
Asphalt shingle, Conventional

Parking

Features
Garage, Open

Room Dimensions

RoomLevelDimensions
KitchenMain level
Living roomMain level
Dining roomMain level
Bedroom 2Main level
Primary BedroomMain level
KitchenBasement
Living roomBasement
Bedroom 3Basement
Bedroom 4Basement
Utility roomBasement

Listing Information

MLS®
R3127088
Listed
May 22, 2026
Time on market
On the market for 101 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal LePage Aspire Realty · Data source: CREA DDF.

Description

Excellent investment opportunity on its own half-acre city lot, centrally located close to the hospital, schools, and everyday amenities. This well-kept property features a 2-bedroom, 1-bathroom main level plus a fully self-contained 2-bedroom, 1-bathroom basement suite with separate entrance-ideal for rental income, multi-generational living, or a mortgage helper. Fully fenced with plenty of usable outdoor space and a massive 36'x24' detached shop offering additional storage, workspace, or future potential. A versatile property with strong income possibilities and endless potential for investors or homeowners alike. (id:63159)

Values & Trends

This listing

$183/sqft

Building average

No other active listings in this building

Burns Lake average

$215/sqft

39 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

12°C

Humidity 92%

Wind ENE calm km/h

Tonight

Tuesday

16°

Tuesday night

Wednesday

18°

Wednesday night

10°

Thursday

21°

Source: Environment and Climate Change Canada.

Population

1,659

(2021 Census)

-6.7% since 2016

Density: 253.7/km²

Dwellings: 765

Median household income: $75,500

After-tax: $67,500

Immigrant population: 8.4%

Top countries of origin (% of total population)

  • India1.5% · 25
  • United States of America0.9% · 15
  • United Kingdom0.6% · 10
  • Viet Nam0.6% · 10

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

26

5/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
William Konkin ElementaryElementary379 m
Lakes Learning CentreSecondary445 m
Lakes District SecondarySecondary797 m
Decker Lake ElementaryElementary7.2 km
Francois Lake ElementaryElementary20.4 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.

Nearby Places

Restaurants (2)

  • Panhandle Restaurant723 m
  • Dragon Palace · 328 Yellowhead Highway742 m

Cafes (1)

  • Boer Mountain Coffee House · 353 Yellowhead Highway752 m

Parks (4)

  • 7th Avenue Green Space · 7th Avenue167 m
  • Evaneshen Nature Trail · Centre Street182 m
  • Bergen Park504 m
  • Unnamed694 m

Shopping (1)

  • Red Apple · 354 Yellowhead Highway724 m

Banks & ATMs (1)

  • RBC · 354 Yellowhead Highway734 m

Nearby places data: © OpenStreetMap contributors.

School district: Nechako Lakes (SD91)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$312,000.00
Periodic payment — Principal & Interest (monthly)$2,012.92
Additional monthly expenses (strata, tax, utilities, etc.)$518.16
Total monthly cost$2,531.08
Interest paid over 5-yr term$89,420.10
Balance at end of term$280,645.01

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,500
Stress test qualifying rate8.09%
Payment you must qualify for$2,849.02

Cash Needed at Closing

Minimum down payment$19,500
Estimated BC PTT$5,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,800

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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