103 8934 MARY STREET, Chilliwack Proper West

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$240,000

103 8934 MARY STREET, Chilliwack Proper West

Chilliwack · MLS® R3162405

all units at 8934 Mary St →

847 sq ft · Condo · Single Family · built 1994 · 49 days on market

listed by Lauren Chandler, eXp Realty

realtor's description

Tired of renting? This could be your way IN. Set on Mary St in one of Chilliwack's most WALKABLE neighbourhoods, this affordable unit is a smart entry point into the market. First floor, above ground, with an open layout that feels bigger than it looks -including an oversized den space! Could be a 2nd bedroom. Fresh paint, updated laminate floors, modern trim, and newer appliances mean it's ALL done for you- just bring your furniture. You'll also get a secure, covered, ground-level parking stall PLUS your own storage locker, included. And the location? Unbeatable. The hospital, St. Mary's Church and School are steps away, with the Leisure Centre and Southgate Shopping just around the corner. The perfect first home OR ultimate cash flow property!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 847 sq ft
parking: 0
year built: 1994
property tax: $1,239 / yr
days on market: 49
MLS®: R3162405

features

Washer
Refrigerator
Dishwasher
Stove
Dryer

the market here

listed now: 62 days; median for 169 condos for sale; this one 49 days

Condos in Chilliwack. Sale prices register 1 to 3 months after a sale closes.

monthly cost

$1,149/mo

Mortgage $1,046 · Tax $103

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,046/ monthly

loan $192,000

25-year amortization

down payment20% · $48,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 27, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $121,697
property transfer tax: $2,800; BC general rate
cash to close: $50,800; down + PTT
total paid: $313,697

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $1,400/mo
after all costs: $104/mo
cap rate: 5.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,046 · tax $103 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Chilliwack: CMHC's average there ($1,222) raised by what new tenants pay against everyone in the Chilliwack area, then down 2.4% with Chilliwack's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca