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$799,900

508 GEORGE STREET

Prince George · MLS® C8080659

0 sq ft lot

Land · Vacant Land · 79 days on market

Listed by Norman Ferris, RE/MAX Core Realty

Realtor's description

Situated at the high-visibility intersection of George Street and 5th Avenue, 508 George Street represents a premium, flat, cleared, shovel-ready infill lot uniquely positioned for high-density redevelopment. Holding a highly coveted C1 Downtown Commercial Zoning designation, this site escapes common municipal bottlenecks and is primed to capture immediate market share within the city's rapidly expanding financial and civic district. This bare asset sits as a strategic land bridge directly between the multi-million dollar private modernization of the hotel district and the primary boundaries of the city's major public sector master plans. For a developer, it offers a de-risked environment where surrounding institutional anchors guarantee long-term stability and deep market penetration. The guests at 200 room Ramada hotel next-door was one of the best clients for the previous business located on this site.

Property details

Type: Land, Vacant Land
Lot: 0 sq ft
Parking: 0
Days on market: 79
MLS®: C8080659

Property insights

On market 79 days

The market here

Listed now: 230 days; median for 331 homes for sale; this one 79 days

Homes in Prince George. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$3,485/mo

Mortgage $3,485

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$3,485/ monthly

loan $639,920

25-year amortization

down payment20% · $159,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $405,606
property transfer tax: $13,998; BC general rate
cash to close: $173,978; down + PTT
total paid: $1,045,526

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.

Location

Lot outline: 931 m² (10,021 sq ft) · PID 029-979-854. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Prince GeorgeGoogle Maps ↗

Location

Prince GeorgeGoogle Maps ↗

Schools

Catchment schools, Prince George School District 57

Elementary Ron Brent Elementaryhomes in this catchment
900 m away · 1401 17th Ave, Prince George · 250-562-2737
Secondary Duchess Park Secondaryhomes in this catchment
900 m away · 747 Winnipeg St, Prince George · 250-563-7124

From the Prince George School District 57'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.

Good to know

Wildfire
The BC Wildfire Service rates Prince George's wildland urban interface as risk class 1 of 5 (the highest class). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

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.

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