202 8725 ELM DRIVE, Chilliwack Proper South
Chilliwack · MLS® R3162374
2 bed · 2 bath · 1,024 sq ft
Condo · Single Family · built 1986 · 29 days on market
Listed by Ben Truscott, Century 21 Creekside Realty
Realtor's description
Welcome to sought-after Elmwood Terrace! This spacious 1,024 sqft home features a convenient 2-bedroom, 2-bathroom layout. This home is ready for your ideas! The flooring has been removed to bare concrete and is priced accordingly, offering the perfect canvas for your custom renovations. Put your own touch on the home and design it exactly to your taste! Located in a quiet, proactive 55+ community, residents enjoy secure underground parking, storage, and fantastic amenities including a gym, library/billiards room, workshop, and a large social room. Central location, just a short stroll to shopping, dining, medical services, and transit. Bring your design ideas and book your private viewing today! * PREC - Personal Real Estate Corporation
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,024 sq ft
- Parking
- 0
- Year built
- 1986
- Property tax
- $1,535 / yr
- Days on market
- 29
- MLS®
- R3162374
Features
- Washer
- Refrigerator
- Sauna
- Dishwasher
- Stove
- Dryer
Floor plans
Found among the listing photos.
Monthly cost
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
- $149/mo
- Cap rate
- 5.9%
- yearly net rent ÷ price
Costs: mortgage $1,089 · tax $128 · 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
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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