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$390,000

245 8TH AVENUE

Burns Lake · MLS® R3127088

4 bed · 2 bath · 2,128 sq ft · 1 sq ft lot · 0 parking

House · Single Family · built 1986 · 138 days on market

Listed by Jeff Rushton, Royal LePage Aspire Realty

Excellent investment opportunity on its own half-acre city lot, centrally located close to the hospital, schools, and everyday amenities. This well-kept property features a 2-bedroom, 1-bathroom main level plus a fully self-contained 2-bedroom, 1-bathroom basement suite with separate entrance-ideal for rental income, multi-generational living, or a mortgage helper. Fully fenced with plenty of usable outdoor space and a massive 36'x24' detached shop offering additional storage, workspace, or future potential. A versatile property with strong income possibilities and endless potential for investors or homeowners alike.

Type: House, Single Family
Bedrooms: 4
Bathrooms: 2
Living area: 2,128 sq ft
Lot: 1 sq ft
Parking: 0
Year built: 1986
Property tax: $4,946 / yr
Days on market: 138
MLS®: R3127088

Below typical for the area (-14%)

Price per sq ft: $183 vs $212 median for houses in Burns Lake for sale (42)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Washer
Refrigerator
Dishwasher
Stove
Dryer

On market 138 days

Listed now: 102 days; median for 42 houses for sale; this one 138 days

Houses in Burns Lake. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$2,111/mo

Mortgage $1,699 · Tax $412

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

estimated payment

$1,699/ monthly

loan $312,000

25-year amortization

down payment20% · $78,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $197,758
property transfer tax: $5,800; BC general rate
cash to close: $83,800; down + PTT
total paid: $509,758

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

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