Property Type: Land / Lot

7340 RAMSAY PLACE, Eastern Hillsides

Chilliwack, BC V4Z1J5

$2,988,000

1,614 sqftBuilt 1981
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Property Details

Property & Lot

Lot size
19.9 acres

Ownership & Fees

Property type
Land / Lot

Interior

Fireplace
None

Listing Information

MLS®
C8080165
Listed
July 6, 2026
Time on market
On the market for 56 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

19.9 acres of developmental property ready to hit the market!! This development property in Eastern Hillsides area offers breathtaking views of the city. It is right next to Aquilini Falls Development. Developers will have the unique ability to build and develop a multi-phase development consisting of multiple acres at a very affordable price. Call before it's gone. (id:63159)

Values & Trends

This listing

$1,851/sqft

Building average

No other active listings in this building

Chilliwack average

$437/sqft

9 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

11°C

Humidity 98%

Wind SE calm km/h

Today

21°

Tonight

13°

Wednesday

20°

Wednesday night

11°

Thursday

18°

Thursday night

Source: Environment and Climate Change Canada.

Population

93,203

(2021 Census)

+11.2% since 2016

Density: 356.6/km²

Dwellings: 37,124

Median household income: $85,000

After-tax: $76,000

Immigrant population: 14.8%

Top countries of origin (% of total population)

  • United Kingdom2.2% · 2,070
  • India1.3% · 1,180
  • Netherlands1.2% · 1,135
  • Philippines1% · 950
  • United States of America1% · 940
  • Germany0.8% · 780
  • China0.5% · 510
  • Viet Nam0.5% · 450

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 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
Unity Christian School(Independent)K-122.6 km
East Chilliwack ElementaryElementary3.8 km
Rosedale Traditional CommunityElementary4.3 km
Mount Cheam Christian School(Independent)K-125.5 km
Timothy Christian School(Independent)K-126.1 km
Cheam ElementaryElementary7.0 km
Leary Integrated Arts & TechnologyElementary7.8 km
Highroad Academy(Independent)K-128.2 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

Parks (1)

  • Kensington Park · 50264 Kensington Drive345 m

Nearby places data: © OpenStreetMap contributors.

School district: Chilliwack (SD33)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($597,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,390,400.00
Periodic payment — Principal & Interest (monthly)$15,422.05
Additional monthly expenses (strata, tax, utilities, etc.)$81.00
Total monthly cost$15,503.05
Interest paid over 5-yr term$685,095.51
Balance at end of term$2,150,172.53

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$597,600
Stress test qualifying rate8.09%
Payment you must qualify for$18,381.34

Cash Needed at Closing

Minimum down payment$597,600
Estimated BC PTT$67,640
Legal / closing costs (typical estimate)$1,500
Total cash needed$666,740

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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