Property Type: Condo / ApartmentOwnership: Strata

338 BALSAM STREET, Cultus Lake North

Cultus Lake, BC V2R4Y8

$998,888

3 bed1 bath1,395 sqftBuilt 1959
Get Directions

Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
2,772 square feet

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Annual property tax
$3,058.17 (2024)

Interior

Basement
Crawl space
Heating
Forced air, Natural gas, Hot Water
Fireplace
None

Exterior & Lot

View
Mountain view, View

Parking

Features
Additional Parking

Room Dimensions

RoomLevelDimensions
Living roomMain level
FoyerMain level
Bedroom 2Main level
Dining roomMain level
KitchenMain level
Laundry roomMain level
Bedroom 3Above
Bedroom 4Above

Listing Information

MLS®
R3048254
Listed
September 17, 2025
Time on market
On the market for 348 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: Sutton Group-West Coast Realty (Abbotsford) · Data source: CREA DDF.

Description

Welcome to the paradise living at Cultus Lake Park! This corner lot sits on 0.062 acre and features a refurbished 1 1/2 storey home and has a revamped out building. This charming home is 1,184 sq. ft and has updates that includes a 2yr old roof and furnace, as well as 4 yr old hot water tank, with picturesque cottage style living! The fenced quaint back yard oasis is spacious, secluded, and private. The out building is 170 sq. ft. and it has been revamped with a 4 yr old roof, splash of paint, has electricity and can be used for multi purposes such as a shed, studio, workshop, hobby room and much more!!! This is leased land- therefore your are required to pay yearly for the lease. (id:63159)

Values & Trends

This listing

$716/sqft

Building average

No other active listings in this building

Cultus Lake average

$644/sqft

3 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

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.

Location Insights

Weather

Nearest station: Chilliwack

16°C

Humidity 88%

Wind ENE 2 km/h

Tonight

13°

Tuesday

21°

Tuesday night

13°

Wednesday

20°

Wednesday night

11°

Thursday

19°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

15

2/9 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
Cultus Lake Swílhcha Community SchoolElementary127 m
Promontory Heights Community ElementaryElementary4.0 km
Unsworth ElementaryElementary4.1 km
Mount Slesse Middle SchoolElementary4.2 km
GW Graham SecondarySecondary4.3 km
Watson ElementaryElementary4.5 km
Vedder ElementaryElementary4.6 km
Tyson ElementaryElementary5.0 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

Restaurants (5+)

  • J. Beethoven's Pizza294 m
  • Huis Shave Ice · 4125 Columbia Valley Highway309 m
  • Maar's Burger Bar · 4125 Columbia Valley Highway312 m
  • Lakeside Beach Club · 4131 Columbia Valley Highway335 m
  • Unnamed462 m

Parks (1)

  • Unnamed212 m

Nearby places data: © OpenStreetMap contributors.

School district: Chilliwack (SD33)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($74,889) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$799,110.00
Periodic payment — Principal & Interest (monthly)$5,155.59
Additional monthly expenses (strata, tax, utilities, etc.)$324.85
Total monthly cost$5,480.43
Interest paid over 5-yr term$229,027.22
Balance at end of term$718,802.03

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,889
Stress test qualifying rate8.09%
Payment you must qualify for$7,105.23

Cash Needed at Closing

Minimum down payment$74,889
Estimated BC PTT$17,978
Legal / closing costs (typical estimate)$1,500
Total cash needed$94,367

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