201 8955 EDWARD STREET, Chilliwack Proper West

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$329,900

201 8955 EDWARD STREET, Chilliwack Proper West

Chilliwack · MLS® R3145450

all units at 8955 Edward St →

744 sq ft · Condo · Single Family · built 2005 · 107 days on market

listed by Raquel Narraway, Stonehaus Realty Corp.

realtor's description

FIRST-TIME BUYER OR DOWNSIZER? Welcome to the sought-after Westgate! This bright 1-bedroom + den condo features a spacious layout with a large primary bedroom, walk-through closets, and a 4-piece cheater ensuite. Enjoy an open living area, maple kitchen with eating bar, and a private balcony with beautiful Mount Cheam views. With no unit below, it's an excellent choice for families with young kids, offering added peace of mind for everyday living. Building amenities include a fitness room, games room, guest suite, and ample visitor parking. Centrally located within walking distance to the hospital, shopping, restaurants, and more. A fantastic opportunity"-book your showing today!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 744 sq ft
parking: 0
year built: 2005
property tax: $1,458 / yr
days on market: 107
MLS®: R3145450

features

Washer
Refrigerator
Dishwasher
Stove
Dryer

the market here

listed now: 63 days; median for 168 condos for sale; this one 107 days

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

monthly cost

$1,573/mo

Mortgage $1,452 · Tax $121

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,452/ monthly

loan $263,920

25-year amortization

down payment20% · $65,98020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $171,661
property transfer tax: $4,598; BC general rate
cash to close: $70,578; down + PTT
total paid: $435,581

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: −$320/mo
cap rate: 4.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,452 · tax $121 · 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