Condo
$387,700
19% less per sq ft6 45915 CHEAM AVENUE, Chilliwack Downtown
Chilliwacklisted today
2 bd1 ba1,129 sq ft
MLS® R31735101 / 40
$319,900
109 8725 ELM DRIVE, Chilliwack Proper South
Chilliwack · MLS® R3162277
2 bed · 2 bath · 1,072 sq ft
Condo · Single Family · built 1987 · 29 days on market
Listed by Sherri Lupton, Royal Lepage Wheeler Cheam
Realtor's description
Welcome to the desirable community of Elmwood Terrace! Centrally located near shopping and services, this spacious 2 bed, 2 bath home is fully renovated and move-in ready. Updates include new paint, flooring, lighting, a modern kitchen with quartz counters and stainless steel appliances, updated bathrooms, and crown molding. This 55+ community offers secure underground parking and ample storage. Enjoy a bright south-facing enclosed sunroom with stunning mountain views. Amenities include a meeting room, exercise room, library/billiards room, and workshop. Plus, a vehicle wash area, abundant visitor parking, and beautifully landscaped grounds.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,072 sq ft
- Parking
- 0
- Year built
- 1987
- Property tax
- $1,566 / yr
- Days on market
- 29
- MLS®
- R3162277
Features
- Washer
- Refrigerator
- Intercom
- Dishwasher
- Stove
- Dryer
Monthly cost
$1,524/mo
Mortgage $1,394 · Tax $130
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
If you rented it out
- Rent
- $1,523/mo
- After all costs
- −$158/mo
- Cap rate
- 4.6%
- yearly net rent ÷ price
Costs: mortgage $1,394 · tax $130 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Chilliwack (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; 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
Location
ChilliwackGoogle Maps ↗
Schools
Catchment schools, Chilliwack School District 33
- Elementary Robertson Elementaryhomes in this catchment
400 m away · 46106 Southlands Cres, Chilliwack · 604-795-5312
- Middle A.D. Rundle Middlehomes in this catchment
1.1 km away · 45660 Hocking Ave, Chilliwack · 604-792-4257
- Secondary Chilliwack Secondaryhomes in this catchment
1.5 km away · 46354 Yale Rd, Chilliwack · 604-795-5781
From the Chilliwack School District 33's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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