Property Type: Detached HouseOwnership: Freehold

508 MUSGRAVE PLACE

Prince Rupert, BC V8J3M1

$469,900

3 bed3 bath1,600 sqftBuilt 1914
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Property Details

Property & Lot

Sub-type
House
Stories
3
Lot size
2,500 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,604 (2025)

Interior

Basement
Full
Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

Exterior features
Wood
View
View

Building

Foundation
Concrete Perimeter
Roof
Asphalt shingle, Conventional

Parking

Features
Open

Room Dimensions

RoomLevelDimensions
FoyerMain level
FoyerMain level
Living roomMain level
Dining roomMain level
KitchenMain level
StorageBasement
Bedroom 2Above
Bedroom 3Above
Primary BedroomAbove

Listing Information

MLS®
R3103962
Listed
March 26, 2026
Time on market
On the market for 158 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Coast Mountains (PR) · Data source: CREA DDF.

Description

Welcome to this adorable and centrally located 3 bedroom, 3 bathroom home with a sunset view. Inside find tasteful upgrades throughout including flooring, paint 3 renovated bathrooms and a remodelled kitchen. All 3 bedrooms are on the top floor with a peek-a-boo harbour view. There is a fully fenced yard with a parking pad and a separate entranceway to the unfinished basement. With only a 5 minute walk to downtown or recreation and an elementary school right across the street this is home ticks the boxes as the ideal place to live. (id:63159)

Values & Trends

This listing

$294/sqft

Building average

No other active listings in this building

Prince Rupert average

$303/sqft

21 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

13°C

Cloudy

Humidity 97%

Wind ESE 13 km/h

Tonight

11°

Tuesday

15°

Tuesday night

11°

Wednesday

17°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

12,300

(2021 Census)

+0.7% since 2016

Density: 186.4/km²

Dwellings: 5,747

Median household income: $95,000

After-tax: $83,000

Immigrant population: 13.1%

Top countries of origin (% of total population)

  • Viet Nam2.4% · 295
  • India2.1% · 260
  • Philippines1.7% · 205
  • United Kingdom1% · 125
  • Italy0.8% · 100
  • United States of America0.6% · 75
  • Portugal0.6% · 70
  • South Africa, Republic of0.4% · 55

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

59

8/9 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
Annunciation School(Independent)Elementary/Middle78 m
Roosevelt Park ElementaryElementary328 m
Pacific Coast SchoolSecondary487 m
Prince Rupert MiddleMiddle489 m
Pineridge ElementaryElementary1.4 km
Charles Hays SecondaryElementary1.4 km
Lax Kxeen ElementaryElementary1.4 km
Conrad ElementaryElementary2.1 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+)

  • Lee & Ann Family Restaurant Canadian & Vietnamese Cuisine · 636 3rd Ave West257 m
  • Unnamed265 m
  • Pizza Hut · 616 3rd Avenue West266 m
  • West End Canadian and Chinese Food · 610 3rd Avenue West272 m
  • P & p Steak & Pasta274 m

Cafes (3)

  • javadotcup · 516 3rd Avenue W312 m
  • Tim Hortons363 m
  • Starbucks640 m

Grocery (2)

  • Save-On-Foods · 841 3rd Avenue West225 m
  • Safeway · 200 2nd Avenue West631 m

Parks (5+)

  • Service Park237 m
  • Unnamed246 m
  • Roosevelt Park272 m
  • Peter James Lester Garden391 m
  • Rotary Waterfront Park620 m

Shopping (1)

  • The Bargain! Shop400 m

Gyms (1)

  • The Gym298 m

Pharmacies (3)

  • Save-On-Foods Pharmacy244 m
  • Shoppers Drug Mart426 m
  • Safeway Pharmacy616 m

Banks & ATMs (5+)

  • CIBC328 m
  • Scotiabank415 m
  • BMO · 333 2nd Avenue West452 m
  • TD455 m
  • Northern Savings Credit Union626 m

Nearby places data: © OpenStreetMap contributors.

School district: Prince Rupert (SD52)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$375,920.00
Periodic payment — Principal & Interest (monthly)$2,425.31
Additional monthly expenses (strata, tax, utilities, etc.)$297.00
Total monthly cost$2,722.31
Interest paid over 5-yr term$107,739.75
Balance at end of term$338,141.26

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,495
Stress test qualifying rate8.09%
Payment you must qualify for$3,432.70

Cash Needed at Closing

Minimum down payment$23,495
Estimated BC PTT$7,398
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,393

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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