Property Type: Land / Lot

31390 GILL AVENUE

Mission, BC V4S0C4

$7,288,000

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Property Details

Property & Lot

Lot size
120,556 square feet

Ownership & Fees

Property type
Land / Lot
Annual property tax
$57,702.53 (2025)

Interior

Fireplace
None

Listing Information

MLS®
C8078248
Listed
April 27, 2026
Time on market
On the market for 126 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Parallel 49 Realty · Data source: CREA DDF.

Description

Opportunity to acquire 2.77 acres of fully serviced, development-ready industrial land in Mission's growing Silver Creek Industrial Business Park. Recently subdivided with all services brought to the lot line, the property is zoned INBP1 (Industrial Business Park One). This flexible zoning permits a broad range of industrial, office, and business park uses, well suited for industrial strata development, logistics facilities, or owner-user construction. The site offers efficient dimensions within a professionally planned business park setting. Strategically located along Lougheed Highway with direct access to designated truck routes, the property provides strong connectivity to Mission City Centre, Abbotsford, and Maple Ridge, with access to Highway 1 via the Mission Bridge and key links to Port Kells and the Tri-Cities. A Phase 1 Environmental Report has been completed. With continued industrial demand and limited supply of serviced land, this is a compelling opportunity in an expanding growth corridor. (id:63159)

Location Insights

Weather

Nearest station: Abbotsford

Clear

14°C

Clear

Humidity 87%

Wind S calm km/h

Tonight

13°

Tuesday

21°

Tuesday night

13°

Wednesday

20°

Wednesday night

11°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

41,519

(2021 Census)

+7.7% since 2016

Density: 182.9/km²

Dwellings: 14,701

Median household income: $98,000

After-tax: $87,000

Immigrant population: 16.9%

Top countries of origin (% of total population)

  • India5.2% · 2,160
  • United Kingdom2.3% · 975
  • United States of America0.8% · 330
  • Philippines0.8% · 330
  • Germany0.6% · 265
  • Netherlands0.4% · 175
  • Viet Nam0.4% · 160
  • China0.3% · 145

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
West Heights ElementaryElementary1.8 km
Fraserview Learning CentreSecondary2.3 km
Mt Lehman ElementaryElementary2.6 km
Christine Morrison ElementaryElementary2.8 km
Cherry Hill ElementaryElementary3.2 km
Mission Senior SecondarySecondary3.4 km
Mission Central ElementaryElementary3.9 km
Albert McMahon ElementaryElementary3.9 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: Mission (SD75)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($1,457,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$5,830,400.00
Periodic payment — Principal & Interest (monthly)$37,615.76
Additional monthly expenses (strata, tax, utilities, etc.)$4,808.54
Total monthly cost$42,424.31
Interest paid over 5-yr term$1,671,009.40
Balance at end of term$5,244,463.66

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,457,600
Stress test qualifying rate8.09%
Payment you must qualify for$44,833.74

Cash Needed at Closing

Minimum down payment$1,457,600
Estimated BC PTT$282,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,741,500

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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