Property Type: Land / LotOwnership: Freehold

32551 FRASER CRESCENT

Mission, BC V2V6N3

$5,950,000

Get Directions

Property Details

Property & Lot

Lot size
162,478.8 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$33,548.96 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3094268
Listed
March 13, 2026
Time on market
On the market for 171 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Homelife Advantage Realty Ltd. · Data source: CREA DDF.

Description

A 3.73-acre Infill Multi Family Development Site, located in Mission Core. The draft development plan consists of 49 apartments, 32 Townhomes & 4 Duplexes. The property offers immediate access to Lougheed Highway and seamless connectivity via the Abbotsford-Mission Highway. High visibility and significant local traffic ensure future success for the community.The property is sold on an As Is where is Basis and the Buyer, Buyer's agent to verify all relevant details. (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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

59

7/9 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
Fraserview Learning CentreSecondary453 m
Mission Senior SecondarySecondary1.0 km
Christine Morrison ElementaryElementary1.0 km
West Heights ElementaryElementary1.2 km
Mission Central ElementaryElementary1.4 km
Cherry Hill ElementaryElementary1.9 km
Windebank ElementaryElementary2.3 km
Albert McMahon ElementaryElementary2.3 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 (5+)

  • Embers BBQ House · 32559 Logan Avenue185 m
  • Hana Sushi271 m
  • Brownies Chicken & Seafood307 m
  • Baba's Ukrainian Kitchen & Coffee House352 m
  • Sushi Te360 m

Cafes (5+)

  • The Loco Blue Cafe247 m
  • Tim Hortons · 32471 Lougheed Highway267 m
  • Starbucks497 m
  • Tim Hortons · 32525 London Avenue697 m
  • Starbucks · 32525 London Avenue704 m

Grocery (2)

  • FreshCo404 m
  • Save-On-Foods535 m

Parks (3)

  • Cedar Valley Park · 7251 Cedar Valley Connector416 m
  • Cedar Vallyer Park429 m
  • Dr. Humes Memorial Park698 m

Shopping (5+)

  • Unnamed · 32559 Logan Avenue164 m
  • Mission Common · 32471 Lougheed Highway265 m
  • Park Place Mall302 m
  • Mission Gateway Plaza366 m
  • Canadian Tire · 32545 London Avenue518 m

Pharmacies (5+)

  • Rexall295 m
  • Unnamed365 m
  • Shoppers Drug Mart384 m
  • Freshco Pharmacy421 m
  • Save-On-Foods524 m

Banks & ATMs (5+)

  • Prospera Credit Union393 m
  • BMO395 m
  • TD685 m
  • Envision Financial · 32555 London Avenue699 m
  • Vancity744 m

Nearby places data: © OpenStreetMap contributors.

School district: Mission (SD75)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($1,190,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$4,760,000.00
Periodic payment — Principal & Interest (monthly)$30,709.90
Additional monthly expenses (strata, tax, utilities, etc.)$2,795.75
Total monthly cost$33,505.65
Interest paid over 5-yr term$1,364,229.68
Balance at end of term$4,281,635.40

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,190,000
Stress test qualifying rate8.09%
Payment you must qualify for$36,602.73

Cash Needed at Closing

Minimum down payment$1,190,000
Estimated BC PTT$215,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,407,000

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.

Request more information