Property Type: Detached HouseOwnership: Freehold

31500 MCFALL TERRACE

Mission, BC V4S1E3

$2,875,999

5 bed4 bath10 parking4,569 sqftBuilt 2000
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Amenities

Also listed: Storage - Locker, Whirlpool, Air Conditioning

Property Details

Property & Lot

Sub-type
House
Lot size
38,945 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,718 (2025)

Interior

Basement
Finished, Full
Heating
Forced air
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Hot Tub, Dishwasher, Stove, Dryer

Exterior & Lot

Pool
Outdoor pool

Building

Water source
Municipal water
Sewer
Septic tank

Parking

Total spaces
10 — covered indicated
Features
Garage, Other, RV

Listing Information

MLS®
R3101444
Listed
March 19, 2026
Time on market
On the market for 165 days
Tax assessment year
2025
Data last synced
August 29, 2026

Listing provided by: RE/MAX Truepeak Realty · Data source: CREA DDF.

Description

Set on a rare south-facing .9-acre lot in West Mission, this exceptional property is more than a home; it's a private retreat. Steps from the golf course & Sports Park, the spacious sun-filled backyard is designed for year-round enjoyment, featuring a pool with new liner & pump, electric cover, swim spa, sauna, outdoor heater, fire pit, cedar deck, custom blinds, tree house & playground. Extensively renovated, the home offers 5 bedrooms, 4 bathrooms, custom white oak kitchen with Taj Mahal quartz with heated floors & all new appliances, maple stairs, refinished hardwood floors & finished basement with movie room. Upgrades include new furnace, washer/dryer, A/C & hot water tank, an EV charger & 8-year-old roof. Located on one of Mission's most sought-after streets, this one is a must see! (id:63159)

Values & Trends

This listing

$629/sqft

Building average

No other active listings in this building

Mission average

$549/sqft

266 active listing(s)

Parking: 10 stall(s) includedStorage locker: Included

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.

Detached (House) Market Stats — Mission

Monthly figures from the Fraser Valley Real Estate Board for Mission detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$934,800

Jul 2026

Average Sale Price

$901,600

Jul 2026

Monthly Sales

36

Jul 2026

Active Listings

235

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

32 days

Jul 2026

MLS® HPI Benchmark Price

$1,331,900
$885,800
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

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 ElementaryElementary1.3 km
Fraserview Learning CentreSecondary2.2 km
Christine Morrison ElementaryElementary2.3 km
Cherry Hill ElementaryElementary2.3 km
Albert McMahon ElementaryElementary3.0 km
Mission Senior SecondarySecondary3.1 km
Valley Christian School(Independent)Elementary3.3 km
Mission Central ElementaryElementary3.7 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% ($575,200) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,300,799.00
Periodic payment — Principal & Interest (monthly)$14,843.97
Additional monthly expenses (strata, tax, utilities, etc.)$871.17
Total monthly cost$15,715.14
Interest paid over 5-yr term$659,415.61
Balance at end of term$2,069,576.14

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$575,200
Stress test qualifying rate8.09%
Payment you must qualify for$17,692.34

Cash Needed at Closing

Minimum down payment$575,200
Estimated BC PTT$64,280
Legal / closing costs (typical estimate)$1,500
Total cash needed$640,980

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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