Property Type: Land / LotOwnership: Freehold

8593 FOREST GATE DRIVE, Eastern Hillsides

Chilliwack, BC V4Z0C7

$364,000

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Property Details

Property & Lot

Lot size
7,398 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,039.34 (2025)

Interior

Fireplace
None

Exterior & Lot

View
View

Listing Information

MLS®
R3102196
Listed
March 25, 2026
Time on market
On the market for 159 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Homelife Advantage Realty Ltd. · Data source: CREA DDF.

Description

PRICED TO SELL at just $364,000! An exceptional opportunity to secure one of the best-value building lots on Chilliwack's desirable Eastern Hillside. This 7,398 sq. ft. R3-zoned lot is one of the last remaining parcels in a quiet cul-de-sac surrounded by beautiful newer homes. Build your custom 2- or 3-storey dream home with building plans already available, saving you valuable time and design costs. Enjoy a peaceful setting with minimal traffic while remaining just minutes from Highway 1, Allan Creek Trail, Falls Golf Course, schools, and everyday amenities. Whether you're a builder, investor, or future homeowner, this property offers outstanding potential in a growing neighbourhood. Opportunities like this are becoming increasingly rare"-don't miss your chance to build in one of Chilliwack's most sought-after communities. Motivated seller"-bring your offer! (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Chilliwack average

$579/sqft

10 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

14°C

Humidity 92%

Wind SE 2 km/h

Tonight

13°

Tuesday

21°

Tuesday night

13°

Wednesday

20°

Wednesday night

11°

Thursday

19°

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.

Nearby Schools

SchoolTypeDistance
Unity Christian School(Independent)K-121.1 km
Rosedale Traditional CommunityElementary2.5 km
Timothy Christian School(Independent)K-124.6 km
East Chilliwack ElementaryElementary4.7 km
Mount Cheam Christian School(Independent)K-125.7 km
Cheam ElementaryElementary7.5 km
Leary Integrated Arts & TechnologyElementary9.0 km
Kent ElementaryElementary9.4 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.

School district: Chilliwack (SD33)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,200) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$291,200.00
Periodic payment — Principal & Interest (monthly)$1,878.72
Additional monthly expenses (strata, tax, utilities, etc.)$169.95
Total monthly cost$2,048.67
Interest paid over 5-yr term$83,458.76
Balance at end of term$261,935.34

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,200
Stress test qualifying rate8.09%
Payment you must qualify for$2,659.08

Cash Needed at Closing

Minimum down payment$18,200
Estimated BC PTT$5,280
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,980

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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