Property Type: Land / LotOwnership: Freehold

8625 HITCH TERRACE

Mission, BC V2V6V4

$899,000

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Property Details

Property & Lot

Lot size
53,389 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0 (2024)

Interior

Fireplace
None

Listing Information

MLS®
R2949514
Listed
December 9, 2024
Time on market
On the market for 630 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: Sutton Premier Realty · Data source: CREA DDF.

Description

Welcome to Abbey Mills, a rare opportunity to own within a 9-lot luxury non-strata subdivision offering breathtaking views of the surrounding landscapes, creating the perfect backdrop for your dream home. This exceptional location combines tranquillity with convenience, with shopping and recreational amenities just moments away. These lots will be serviced by early 2025, making now the ideal time to secure your slice of paradise and begin planning the home you've always envisioned. 400 amp service available. (id:63159)

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.

Nearby Schools

SchoolTypeDistance
Kootenay Christian Academy(Independent)K-125.4 km
Steeples ElementaryElementary6.0 km
Pinewood ElementaryElementary6.4 km
Kootenay Educational ServicesSecondary6.5 km
Mount Baker SecondaryElementary6.5 km
Laurie Middle SchoolMiddle6.9 km
St Mary's Catholic Independent(Independent)Elementary7.6 km
T M Roberts ElementaryElementary7.8 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: South East Kootenay (SD5)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($64,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,200.00
Periodic payment — Principal & Interest (monthly)$4,640.03
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$4,640.03
Interest paid over 5-yr term$206,124.79
Balance at end of term$646,922.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$64,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,413.94

Cash Needed at Closing

Minimum down payment$64,900
Estimated BC PTT$15,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,380

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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