32492 CHERRY AVENUE
Mission, BC V2V2T6
$899,999
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 38,768.4 square feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,052.94 (2026)
Interior
- Basement
- Finished, Full
- Heating
- Natural gas
- Fireplace
- None
Parking
- Total spaces
- 4 — covered indicated
- Features
- Garage
Listing Information
- MLS®
- R3155979
- Listed
- August 17, 2026
- Time on market
- On the market for 14 days
- Tax assessment year
- 2026
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Magnolia · Data source: CREA DDF.
Description
DEVELOPMENT POTENTIAL IN CEDAR VALLEY! Sitting on 0.89 acres in Mission's Cedar Valley Local Area Plan, this property offers an exciting opportunity for investors, developers, or buyers looking to secure a substantial piece of land for the future. Zoned S20, the property allows for a range of residential uses, including single-family, duplex, triplex, fourplex and infill townhouse uses, subject to servicing and City requirements. In the meantime, the property includes an existing 4-bedroom, 2.5-bath home, offering potential rental income while you explore your options. The home features generous living space with a living room, rec room and additional flex area. A unique opportunity to hold, rent, renovate or investigate future development potential in a growing area of Mission (id:63159)
Values & Trends
This listing
$394/sqft
Building average
—
No other active listings in this building
Mission average
$550/sqft
266 active listing(s)
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
Nearest station: Abbotsford
16°C
Mainly Clear
Humidity 78%
Wind S 3 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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
11
1/9 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
| School | Type | Distance |
|---|---|---|
| Cherry Hill Elementary | Elementary | 350 m |
| Albert McMahon Elementary | Elementary | 832 m |
| Christine Morrison Elementary | Elementary | 1.1 km |
| Valley Christian School(Independent) | Elementary | 1.3 km |
| West Heights Elementary | Elementary | 1.5 km |
| Fraserview Learning Centre | Secondary | 1.7 km |
| Mission Senior Secondary | Secondary | 1.8 km |
| Edwin S Richards Elementary | Elementary | 2.0 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
Parks (4)
- Bailey Park58 m
- Tom Jones Park585 m
- Ogle Park645 m
- Tunbridge Common738 m
Nearby places data: © OpenStreetMap contributors.
School district: Mission (SD75)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 7.2% ($65,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.