Property Type: Land / Lot

32400-32416 LOUGHEED HIGHWAY

Mission, BC V0V0V0

$4,200,000

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Property Details

Property & Lot

Lot size
122,403.6 square feet

Ownership & Fees

Property type
Land / Lot
Annual property tax
$204.23 (2023)

Interior

Fireplace
None

Listing Information

MLS®
C8061181
Listed
June 28, 2024
Time on market
On the market for 794 days
Tax assessment year
2023
Data last synced
August 28, 2026

Listing provided by: Colliers · Data source: CREA DDF.

Description

Opportunity to acquire a 2.81 acre development site in Central Mission with an additional 4 acres (south of the CPR tracks), at the south west corner of Lougheed Highway and Abbotsford-Mission Highway (#11). The location of the site is ideally positioned at the intersection of major transportation corridors with many businesses in close proximity. (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
Hatzic ElementaryElementary1.5 km
Hatzic Middle SchoolMiddle1.5 km
Seminary of Christ the King(Independent)Secondary2.7 km
Dewdney ElementaryElementary3.5 km
Ecole Heritage Park Middle SchoolMiddle3.8 km
des Deux-RivesElementary/Middle4.0 km
Hillside Traditional AcademyElementary4.0 km
Windebank ElementaryElementary4.1 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% ($840,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,360,000.00
Periodic payment — Principal & Interest (monthly)$21,677.58
Additional monthly expenses (strata, tax, utilities, etc.)$17.02
Total monthly cost$21,694.60
Interest paid over 5-yr term$962,985.66
Balance at end of term$3,022,330.87

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$840,000
Stress test qualifying rate8.09%
Payment you must qualify for$25,837.22

Cash Needed at Closing

Minimum down payment$840,000
Estimated BC PTT$128,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$969,500

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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