Property Type: Land / Lot

508 GEORGE STREET

Prince George, BC V2L1R7

$799,900

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Property Details

Property & Lot

Lot size
0.23 acres

Ownership & Fees

Property type
Land / Lot

Interior

Fireplace
None

Listing Information

MLS®
C8080659
Listed
July 23, 2026
Time on market
On the market for 40 days
Tax assessment year
2026
Data last synced
August 28, 2026

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

Description

Situated at the high-visibility intersection of George Street and 5th Avenue, 508 George Street represents a premium, flat, cleared, shovel-ready infill lot uniquely positioned for high-density redevelopment. Holding a highly coveted C1 Downtown Commercial Zoning designation, this site escapes common municipal bottlenecks and is primed to capture immediate market share within the city's rapidly expanding financial and civic district. This bare asset sits as a strategic land bridge directly between the multi-million dollar private modernization of the hotel district and the primary boundaries of the city's major public sector master plans. For a developer, it offers a de-risked environment where surrounding institutional anchors guarantee long-term stability and deep market penetration. The guests at 200 room Ramada hotel next-door was one of the best clients for the previous business located on this site. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Prince George average

$250/sqft

1 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

Cloudy

12°C

Cloudy

Humidity 100%

Wind N 4 km/h

Tonight

Tuesday

21°

Tuesday night

10°

Wednesday

22°

Wednesday night

Thursday

19°

Source: Environment and Climate Change Canada.

Population

76,708

(2021 Census)

+3.7% since 2016

Density: 242.2/km²

Dwellings: 33,643

Median household income: $88,000

After-tax: $77,500

Immigrant population: 10.3%

Top countries of origin (% of total population)

  • India1.7% · 1,305
  • Philippines1.2% · 935
  • United Kingdom1.1% · 830
  • United States of America0.8% · 605
  • Germany0.5% · 410
  • China0.3% · 255
  • Netherlands0.3% · 235
  • Poland0.3% · 195

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

48

6/9 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
Sacred Heart(Independent)Elementary339 m
Ron Brent ElementaryElementary871 m
Secondaire Duchess-ParkSecondary921 m
Duchess Park SecondaryElementary921 m
Nusdeh YohElementary1.9 km
St. Mary's(Independent)Elementary2.1 km
Franco-NordElementary2.1 km
Harwin ElementaryElementary2.2 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+)

  • Crossroads Brewing2 m
  • The Keg · 582 George Street43 m
  • Karahi King · 1063 5 Avenue49 m
  • Twisted Cork · 1157 5 Ave96 m
  • Black Clover Pub · 1165 5th Avenue111 m

Cafes (3)

  • The Makerie Craft and Coffee Bar66 m
  • Nancy O's · 1261 3rd Avenue300 m
  • Tim Hortons555 m

Parks (5+)

  • Wood Innovation Square114 m
  • Veterans Plaza · 1100 Patricia Boulevard169 m
  • Millennium Park · 101 George Street424 m
  • Connaught Hill Park436 m
  • Ingledew Park633 m

Shopping (2)

  • VanHorlicks582 m
  • Kandola Plaza666 m

Gyms (1)

  • Gold's Gym538 m

Banks & ATMs (5+)

  • Unnamed400 m
  • CIBC · 1410 3rd460 m
  • RBC Royal Bank · 550 Victoria Street482 m
  • TD · 400 Victoria Street482 m
  • Scotiabank · 390 Victoria Street495 m

Nearby places data: © OpenStreetMap contributors.

School district: Prince George (SD57)

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($54,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$639,920.00
Periodic payment — Principal & Interest (monthly)$4,128.55
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$4,128.55
Interest paid over 5-yr term$183,402.91
Balance at end of term$575,610.11

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$54,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,728.10

Cash Needed at Closing

Minimum down payment$54,990
Estimated BC PTT$13,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$70,488

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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