Property Type: Land / LotOwnership: FreeholdNEW LISTING

Lot 7 Industrial Drive Lot# 7

Grand Forks, BC V0H1H0

$185,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.7 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,016.64

Interior

Fireplace
None

Building

Water source
Municipal water
Utilities
Water, Sewer
Parcel ID (PID)
002-940-485

Listing Information

MLS®
10399155
Listed
August 28, 2026
Time on market
On the market for 3 days
Data last synced
September 1, 2026

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

Description

Opportunity meets flexibility with this flat, industrial-zoned 0.509-acre lot in a convenient Grand Forks location. Just minutes from downtown, with easy access to Highway 3 and nearby local services, this property offers a practical setting for a wide range of industrial or commercial-support uses. Purchase it on its own or explore the potential to combine with Lots 6 and 8, 534 Industrial Drive, and the commercial property at 390 Industrial Drive for an expanded footprint in a well-positioned industrial area. (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 CentreSecondary1.3 km
Dr. D.A. Perley ElementaryElementary1.5 km
Grand Forks SecondarySecondary1.7 km
John A. Hutton ElementaryElementary2.8 km
Christina Lake ElementaryElementary16.6 km
Greenwood ElementaryElementary20.1 km
Boundary Central SecondarySecondary24.6 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% ($9,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$148,000.00
Periodic payment — Principal & Interest (monthly)$954.85
Additional monthly expenses (strata, tax, utilities, etc.)$251.39
Total monthly cost$1,206.23
Interest paid over 5-yr term$42,417.23
Balance at end of term$133,126.48

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,250
Stress test qualifying rate8.09%
Payment you must qualify for$1,351.46

Cash Needed at Closing

Minimum down payment$9,250
Estimated BC PTT$1,850
Legal / closing costs (typical estimate)$1,500
Total cash needed$12,600

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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