Property Type: Land / Lot

638 OLD HOPE PRINCETON WAY, Hope

Hope, BC V0X1L4

$1,275,000

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Property Details

Property & Lot

Lot size
0.5 acres

Ownership & Fees

Property type
Land / Lot

Interior

Fireplace
None

Listing Information

MLS®
C8078815
Listed
May 15, 2026
Time on market
On the market for 108 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Nyda Realty (Hope) · Data source: CREA DDF.

Description

Rare opportunity to own a 1/2 acre lot on the busy Old Hope-Princeton Highway. Zoned C-2 this lot offers a variety of options for you commercial endeavour. Within 1 block of the hospital, Recreation Centre, McDonald's, Save-on-Foods, Starbucks and Wendy's. Across the street from Chevron and adjacent to Petro Canada. One of few remaining lots located within the mostly developed commercial heart for tourists. * PREC - Personal Real Estate Corporation (id:63159)

Location Insights

Weather

Clear

17°C

Clear

Humidity 84%

Wind W calm km/h

Tonight

13°

Tuesday

23°

Tuesday night

15°

Wednesday

20°

Wednesday night

11°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

6,686

(2021 Census)

+8.2% since 2016

Density: 163.6/km²

Dwellings: 3,243

Median household income: $64,000

After-tax: $58,800

Immigrant population: 14.2%

Top countries of origin (% of total population)

  • United Kingdom2.9% · 195
  • United States of America1.6% · 110
  • Netherlands1% · 70
  • Germany0.8% · 55
  • Philippines0.7% · 45
  • India0.4% · 30
  • Mexico0.4% · 25
  • Poland0.4% · 25

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

52

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
Two Rivers Education CentreSecondary1.2 km
Coquihalla ElementaryElementary1.5 km
Spirit of Hope SecondaryK-121.7 km
Silver Creek ElementaryElementary3.0 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)

  • Home Restaurant · 665 Old Hope-Princeton Way87 m
  • Spice and Grill280 m
  • Hope Korean Kitchen · 377 Old Hope-Princeton Way590 m
  • Boston Pizza · 904 Old Hope-Princeton Way646 m

Cafes (2)

  • Starbucks · 590 6th Avenue154 m
  • Tim Hortons · 250 Old Hope-Princeton Way759 m

Grocery (1)

  • Save-On-Foods · 559 Old Hope-Princeton Way327 m

Parks (1)

  • Unnamed498 m

Gyms (1)

  • Unnamed545 m

Banks & ATMs (2)

  • Unnamed83 m
  • Unnamed506 m

Nearby places data: © OpenStreetMap contributors.

School district: Fraser-Cascade (SD78)

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Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($102,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,020,000.00
Periodic payment — Principal & Interest (monthly)$6,580.69
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$6,580.69
Interest paid over 5-yr term$292,334.93
Balance at end of term$917,493.30

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$102,500
Stress test qualifying rate8.09%
Payment you must qualify for$9,016.11

Cash Needed at Closing

Minimum down payment$102,500
Estimated BC PTT$23,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$127,500

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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