Property Type: Land / LotOwnership: Freehold

48875 ELK VIEW ROAD, Ryder Lake

Chilliwack, BC V4Z1G7

$839,900

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Property Details

Property & Lot

Lot size
435,938 square feet
Frontage
200 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,596.98 (2025)

Interior

Fireplace
None

Exterior & Lot

View
View

Listing Information

MLS®
R3140902
Listed
June 29, 2026
Time on market
On the market for 63 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

BUILD YOUR DREAM HOME OR INVEST IN YOUR FUTURE (Great Holding Property). Bare 10.01 acre parcel with MAJOR COSTS OF BUILDING PREP COMPLETED. Building site cleared, drilled well installed with Hydrologist certification of H2O quantity & quality, perk test completed for future septic. Hydro & gas installed near building site. Lane paved. High speed internet & cell service available. School bus pick up at roadside. Incredible 180 degree views of Ryder lake & surrounding mountains. Sloped property with terraced areas & rambling creek. Short 10 min drive to #1 Highway. Rare opportunity to live in one of the most beautiful locations in Chilliwack & build the home of your dreams. Sign on property. NOT LEASED LAND. * PREC - Personal Real Estate Corporation (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Chilliwack average

$579/sqft

10 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

16°C

Humidity 90%

Wind SE 5 km/h

Tonight

13°

Tuesday

21°

Tuesday night

13°

Wednesday

20°

Wednesday night

11°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

93,203

(2021 Census)

+11.2% since 2016

Density: 356.6/km²

Dwellings: 37,124

Median household income: $85,000

After-tax: $76,000

Immigrant population: 14.8%

Top countries of origin (% of total population)

  • United Kingdom2.2% · 2,070
  • India1.3% · 1,180
  • Netherlands1.2% · 1,135
  • Philippines1% · 950
  • United States of America1% · 940
  • Germany0.8% · 780
  • China0.5% · 510
  • Viet Nam0.5% · 450

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
East Chilliwack ElementaryElementary5.1 km
Promontory Heights Community ElementaryElementary5.7 km
Unity Christian School(Independent)K-126.0 km
GW Graham SecondarySecondary6.2 km
Vedder ElementaryElementary6.3 km
Sardis ElementaryElementary6.6 km
Mount Cheam Christian School(Independent)K-126.7 km
Vedder Middle SchoolMiddle6.9 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: Chilliwack (SD33)

Mortgage & Ownership Cost Calculator

Minimum required: 7.0% ($58,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$671,920.00
Periodic payment — Principal & Interest (monthly)$4,335.00
Additional monthly expenses (strata, tax, utilities, etc.)$299.75
Total monthly cost$4,634.75
Interest paid over 5-yr term$192,574.20
Balance at end of term$604,394.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$58,990
Stress test qualifying rate8.09%
Payment you must qualify for$6,004.92

Cash Needed at Closing

Minimum down payment$58,990
Estimated BC PTT$14,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$75,288

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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