Property Type: Land / LotOwnership: Freehold

8721 RIVERSIDE Drive

Grand Forks, BC V0H1H0

$79,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.29 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,081

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, View (panoramic)

Listing Information

MLS®
10375990
Listed
February 17, 2026
Time on market
On the market for 195 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

Priced below tax assessment! This .28 Acre Lot in Riverside Meadows has services at the lot line making connections easy. Offering scenic mountain views and endless outdoor opportunities. Access to beautiful walking trails close by, there is a nearby public beach and tennis courts. Perfect for those who love outdoor activities. Enjoy the small-town lifestyle with the added benefit of being within walking distance to downtown, where you can dine out, shop for groceries, and take in the local amenities. Looking for a Builder and an Architect, we have one for you, reach out today! (id:63159)

Location Insights

Weather

18°C

Humidity 50%

Wind NNW 2 km/h

Tonight

Tuesday

26°

Tuesday night

12°

Wednesday

17°

Wednesday night

11°

Thursday

14°

Source: Environment and Climate Change Canada.

Population

4,112

(2021 Census)

+1.6% since 2016

Density: 396.5/km²

Dwellings: 1,969

Median household income: $61,600

After-tax: $56,800

Immigrant population: 9.1%

Top countries of origin (% of total population)

  • United Kingdom2.4% · 100
  • United States of America1.8% · 75
  • Philippines0.5% · 20
  • Italy0.4% · 15
  • France0.2% · 10
  • Germany0.2% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Walker Development CentreSecondary1.3 km
Grand Forks SecondarySecondary1.5 km
Dr. D.A. Perley ElementaryElementary1.7 km
John A. Hutton ElementaryElementary2.8 km
Christina Lake ElementaryElementary17.2 km
Greenwood ElementaryElementary18.4 km
Boundary Central SecondarySecondary24.1 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.

School district: Boundary (SD51)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($3,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$63,920.00
Periodic payment — Principal & Interest (monthly)$412.39
Additional monthly expenses (strata, tax, utilities, etc.)$90.08
Total monthly cost$502.47
Interest paid over 5-yr term$18,319.66
Balance at end of term$57,496.25

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$3,995
Stress test qualifying rate8.09%
Payment you must qualify for$583.68

Cash Needed at Closing

Minimum down payment$3,995
Estimated BC PTT$799
Legal / closing costs (typical estimate)$1,500
Total cash needed$6,294

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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