Property Type: Detached HouseOwnership: Leasehold

542 PARK DRIVE, Cultus Lake North

Cultus Lake, BC V2R4Z8

$989,000

2 bed1 bath1,561 sqftBuilt 1956
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Amenities

Also listed: Laundry - In Suite, Fireplace(s)

Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
7,500 square feet
Frontage
60 feet

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Annual property tax
$3,362.19 (2025)

Interior

Basement
Partially finished, Unknown
Heating
Forced air, Natural gas
Fireplace
Yes (1)

Exterior & Lot

View
View of water

Parking

Features
Garage, Open

Room Dimensions

RoomLevelDimensions
Dining roomMain level
Living roomMain level
Family roomMain level
Bedroom 2Main level
Bedroom 3Main level
KitchenMain level
Mud roomMain level
Recreational, Games roomBasement

Listing Information

MLS®
R3143761
Listed
July 7, 2026
Time on market
On the market for 55 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Stonehaus Realty Corp. · Data source: CREA DDF.

Description

RARE OPPORTUNITY in highly desired Cultus Lake! One of the few properties w/a sought-after SHORT-TERM RENTAL permit. Charming 1500+ sq ft log cabin rancher w/bsmt on a lrg 7500 sq ft private landscaped CORNER LOT w/no homes in front + lane behind. 2 bdrms + possible 3rd down, spacious liv/din rm w/gas f/p, wall-to-wall built-in china cab, laundry & varathaned log interior. Great sundeck opens to a quiet, tranquil backyard w/outside shower. Det'd single garage, back lane access, U-shaped driveway & 7+ prkg spaces incl space for you Boat &/or RV. Walk to beach, dog beach, trails, boat launch & marina and more. 5 mins drive to school, golf, waterslides, fun park & more. ENDLESS OPTIONS: family home, downsizer, rec property, STR/LTR investment or build your dream custom home on a prime lot! (id:63159)

Values & Trends

This listing

$634/sqft

Building average

No other active listings in this building

Cultus Lake average

$630/sqft

16 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

7

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 SchoolElementary661 m
Promontory Heights Community ElementaryElementary4.2 km
Unsworth ElementaryElementary4.6 km
GW Graham SecondarySecondary4.6 km
Mount Slesse Middle SchoolElementary4.7 km
Vedder ElementaryElementary4.9 km
Watson ElementaryElementary5.0 km
Vedder Middle SchoolMiddle5.4 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 (4)

  • J. Beethoven's Pizza764 m
  • Maar's Burger Bar · 4125 Columbia Valley Highway774 m
  • Huis Shave Ice · 4125 Columbia Valley Highway775 m
  • Legends Bistro · 4000 Columbia Valley Road790 m

Parks (1)

  • Unnamed752 m

Nearby places data: © OpenStreetMap contributors.

School district: Chilliwack (SD33)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($73,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$791,200.00
Periodic payment — Principal & Interest (monthly)$5,104.55
Additional monthly expenses (strata, tax, utilities, etc.)$358.18
Total monthly cost$5,462.74
Interest paid over 5-yr term$226,760.19
Balance at end of term$711,686.96

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$73,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,036.80

Cash Needed at Closing

Minimum down payment$73,900
Estimated BC PTT$17,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$93,180

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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