17 46160 PRINCESS AVENUE, Chilliwack Proper East

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$189,000

17 46160 PRINCESS AVENUE, Chilliwack Proper East

Chilliwack · MLS® R3160413

757 sq ft · Condo · Single Family · built 1992 · 56 days on market

listed by Chayse Diack, Advantage Property Management

realtor's description

Welcome to Arcadia Arms! This bright and well maintained 2 bedroom, 1 bathroom condo is a fantastic opportunity for first time buyers or savvy investors. Ideally located just outside the downtown core and steps from Chilliwack's newest landmark, District 1881, you'll love having shopping, dining, and amenities right at your doorstep. This upper floor unit features in suite laundry and has seen numerous upgrades over the years, offering both comfort and value. Don't miss your chance to own in this convenient and growing neighbourhood!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 1
living area: 757 sq ft
parking: 0
year built: 1992
property tax: $1,189 / yr
days on market: 56
MLS®: R3160413

the market here

listed now: 62 days; median for 169 condos for sale; this one 56 days

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

monthly cost

$923/mo

Mortgage $823 · Tax $99

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

estimated payment

$823/ monthly

loan $151,200

25-year amortization

down payment20% · $37,80020%+ 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: $95,836
property transfer tax: $1,890; BC general rate
cash to close: $39,690; down + PTT
total paid: $247,036

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: $1,600/mo
after all costs: $514/mo
cap rate: 8.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $823 · tax $99 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Chilliwack: CMHC's average there ($1,523) raised by what new tenants pay against everyone in the Chilliwack area, then down 2.5% 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