Property Type: Land / LotOwnership: Freehold

8840 RIVERSIDE Drive

Grand Forks, BC V0H1H0

$229,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.44 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,699

Interior

Heating
No heat
Fireplace
None

Exterior & Lot

Waterfront
Waterfront on river

Listing Information

MLS®
2479805
Listed
September 27, 2024
Time on market
On the market for 703 days
Data last synced
August 28, 2026

Listing provided by: Grand Forks Realty Ltd · Data source: CREA DDF.

Description

Large beach lot .437 acre. Last waterfront lot with beach in Grand Forks. Great executive cul-de-sac. Priced well below BC Assessment. Easy access to many trails + green space. Riverside Meadows says it all. River, valley + mountain views. Complete underground city services, fibre optic internet, natural gas all in place. Executive beach lot. No through traffic. Park-like riverwalk, hiking trails, tennis courts + pickleball courts, lots of other summer + winter recreation are all within a short block or 2. Executive homes in a quiet + private neighborhood. Perfect for a walk-out basement. Compare price to other lots that have no services. Geothermal is an easy option here. Grand Forks is on the U.S. border + easy access to Spokane + Kelowna airports. As an investment or build your dream home now. (id:63159)

Location Insights

Weather

15°C

Humidity 64%

Wind WNW 5 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 CentreSecondary1.4 km
Grand Forks SecondarySecondary1.6 km
Dr. D.A. Perley ElementaryElementary1.7 km
John A. Hutton ElementaryElementary2.8 km
Christina Lake ElementaryElementary17.4 km
Greenwood ElementaryElementary18.2 km
Boundary Central SecondarySecondary24.0 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% ($11,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$183,200.00
Periodic payment — Principal & Interest (monthly)$1,181.94
Additional monthly expenses (strata, tax, utilities, etc.)$141.58
Total monthly cost$1,323.53
Interest paid over 5-yr term$52,505.65
Balance at end of term$164,788.99

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$11,450
Stress test qualifying rate8.09%
Payment you must qualify for$1,672.88

Cash Needed at Closing

Minimum down payment$11,450
Estimated BC PTT$2,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$15,530

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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