Property Type: Detached HouseOwnership: Freehold

8524 CEDAR STREET

Mission, BC V2S1A1

$1,215,000

5 bed5 bath4 parking2,776 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
House
Lot size
4,040 square feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,058.94 (2026)

Interior

Basement
Finished, Full
Heating
Heat Pump, Electric
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Parking

Total spaces
4 — covered indicated
Features
Garage, Other

Listing Information

MLS®
R3157229
Listed
August 19, 2026
Time on market
On the market for 12 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Planet Group Realty Inc. · Data source: CREA DDF.

Description

Brand new 5-bedroom, 5-bathroom home in a convenient central location, just approximately 100 metres from an elementary school. The main floor features a spacious kitchen, family room and living room, offering a functional layout for everyday living and entertaining. Upstairs you'll find 4 generously sized bedrooms. The home also includes a 1-bedroom legal suite, providing excellent flexibility and potential rental income. Equipped with air conditioning and a heat pump for year-round comfort. A beautifully designed new home combining modern living, functionality and an excellent location. Driveway access from rear lane. (id:63159)

Values & Trends

This listing

$438/sqft

Building average

No other active listings in this building

Mission average

$550/sqft

266 active listing(s)

Parking: 4 stall(s) includedStorage 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.

Detached (House) Market Stats — Mission

Monthly figures from the Fraser Valley Real Estate Board for Mission detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$934,800

Jul 2026

Average Sale Price

$901,600

Jul 2026

Monthly Sales

36

Jul 2026

Active Listings

235

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

32 days

Jul 2026

MLS® HPI Benchmark Price

$1,331,900
$885,800
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Abbotsford

Clear

14°C

Clear

Humidity 87%

Wind S calm km/h

Tonight

13°

Tuesday

21°

Tuesday night

13°

Wednesday

20°

Wednesday night

11°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

41,519

(2021 Census)

+7.7% since 2016

Density: 182.9/km²

Dwellings: 14,701

Median household income: $98,000

After-tax: $87,000

Immigrant population: 16.9%

Top countries of origin (% of total population)

  • India5.2% · 2,160
  • United Kingdom2.3% · 975
  • United States of America0.8% · 330
  • Philippines0.8% · 330
  • Germany0.6% · 265
  • Netherlands0.4% · 175
  • Viet Nam0.4% · 160
  • China0.3% · 145

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
Albert McMahon ElementaryElementary187 m
Cherry Hill ElementaryElementary735 m
Valley Christian School(Independent)Elementary877 m
Edwin S Richards ElementaryElementary1.3 km
Christine Morrison ElementaryElementary1.4 km
Hillside Traditional AcademyElementary1.8 km
Mission Senior SecondarySecondary1.8 km
Fraserview Learning CentreSecondary2.1 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

Parks (5+)

  • Tom Jones Park218 m
  • Lightburn Park393 m
  • Griner Park419 m
  • Tunbridge Common693 m
  • Bailey Park762 m

Nearby places data: © OpenStreetMap contributors.

School district: Mission (SD75)

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($96,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$972,000.00
Periodic payment — Principal & Interest (monthly)$6,271.01
Additional monthly expenses (strata, tax, utilities, etc.)$560.58
Total monthly cost$6,831.59
Interest paid over 5-yr term$278,577.99
Balance at end of term$874,317.14

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$96,500
Stress test qualifying rate8.09%
Payment you must qualify for$8,600.87

Cash Needed at Closing

Minimum down payment$96,500
Estimated BC PTT$22,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$120,300

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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