Property Type: TownhouseOwnership: StrataNEW LISTING

5 32165 7 AVENUE

Mission, BC V2V2A9

$454,000

2 bed2 bath2 parking1,401 sqftBuilt 1989
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Open House

Tuesday, September 1

5:30 PM7:00 PM

Amenities

Also listed: Laundry - In Suite, Air Conditioning

Property Details

Property & Lot

Sub-type
Row / Townhouse
Style
2 Level

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$425/mo
Annual property tax
$2,409.23 (2026)

Interior

Basement
None, Unknown
Heating
Radiant heat
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Central Vacuum, Dishwasher, Stove, Dryer, Jetted Tub

Building

Water source
Municipal water
Sewer
Sanitary sewer, Storm sewer
Utilities
Natural Gas, Electricity

Parking

Total spaces
2 — covered indicated
Features
Garage

Restrictions & Policies

Pets
Allowed with restrictions
Age / occupancy
Age restriction applies

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3159658
Listed
August 31, 2026
Time on market
Listed today
Tax assessment year
2026
Data last synced
August 31, 2026

Listing provided by: eXp Realty of Canada, Inc. · Data source: CREA DDF.

Description

Peaceful, comfortable living awaits at Cherry Lane, welcoming 55+ community of just 20 units with well-run, self-managed strata. Bright & spacious 1,401 sq ft, 2-bed, 2-bath townhome features in-floor radiant heat, hot water on demand, upgraded Frigidaire A/C, new windows & an oversized soaker tub. Enjoy an extra-large private covered patio w aggregate flooring, sunshade, garden bed, mature raspberry bush & resident hummingbirds. Garage fits small truck + 1 additional parking. Pet friendly 1 dog(15" @ shoulder) or 1 cat. Built-in kitchen drawers offer exceptional accessibility & convenience, while laundry room features custom cabinetry, sink & additional storage. Close to Mission Hospital, transit & shopping. Move-in ready, private & peaceful! OPEN HOUSE TUES SEPT 1 5:30PM - 7:30PM (id:63159)

Values & Trends

This listing

$324/sqft

Building average

No other active listings in this building

Mission average

$418/sqft

53 active listing(s)

Parking: 2 stall(s) includedStorage 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.

Townhouse Market Stats — Mission

Monthly figures from the Fraser Valley Real Estate Board for Mission townhouselistings — not specific to this property.

MLS® HPI Benchmark Price

$630,500

Jul 2026

Average Sale Price

$552,500

Jul 2026

Monthly Sales

4

Jul 2026

Active Listings

64

Jul 2026

Sales-to-Active Ratio

6.0%

Jul 2026

Median Days to Contract

40 days

Jul 2026

MLS® HPI Benchmark Price

$732,800
$581,200
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Abbotsford

Mainly Clear

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

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
West Heights ElementaryElementary240 m
Fraserview Learning CentreSecondary619 m
Christine Morrison ElementaryElementary1.0 km
Cherry Hill ElementaryElementary1.6 km
Mission Senior SecondarySecondary1.6 km
Albert McMahon ElementaryElementary2.2 km
Mission Central ElementaryElementary2.2 km
Windebank ElementaryElementary2.9 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.

Nearby Places

Parks (4)

  • Kinsmen Park West155 m
  • Blott Park278 m
  • Dr. Humes Memorial Park340 m
  • Stewart Park778 m

Pharmacies (1)

  • Pharmasave572 m

Nearby places data: © OpenStreetMap contributors.

School district: Mission (SD75)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($22,700) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$363,200.00
Periodic payment — Principal & Interest (monthly)$2,343.24
Additional monthly expenses (strata, tax, utilities, etc.)$695.77
Total monthly cost$3,039.01
Interest paid over 5-yr term$104,094.16
Balance at end of term$326,699.57

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$22,700
Stress test qualifying rate8.09%
Payment you must qualify for$3,316.55

Cash Needed at Closing

Minimum down payment$22,700
Estimated BC PTT$7,080
Legal / closing costs (typical estimate)$1,500
Total cash needed$31,280

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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