314 8725 Elm Dr, Chilliwack BC - Apartment/Condo for Sale - MLS# R3131965

$364,900
Est. Mortgage $1,614/mo
Elmwood Terrace
2 Beds
2 Baths
1112 sqft
328 $ /sqft
524 $ Maint. fee
1986 built
$364,900
Est. $1,614/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Photos

Property Details for 314 8725 Elm Drive

Welcome Home! Bright and roomy top floor, corner unit located in a well maintained 55+ building. This large 2 bedroom, 2 bathroom condo offers comfortable, low-maintenance living in a friendly & secure environment. The floor plan features a generous living and dining space and large bedrooms, there is a enclosed patio and large laundry room for extra storage. Strata fee includes heat and exceptional amenities, including a well-equipped exercise room and a fully outfitted workshop ideal for hobby enthusiasts or DIY projects. All of this in a quiet, yet centrally located building with secure parking and easy access to shopping, medical and recreation. Don't miss this opportunity to enjoy an active and engaging lifestyle in a welcoming adult-oriented community!

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating Type Baseboard, Heat Pump
Cooling Air Conditioning
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
View Description Mountains
Roof Metal, Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $364,900
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1112
Year Built 1986
Age Of Building 40
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Exercise Centre, Recreation Facilities, Trash, Maintenance Grounds, Management, Sewer, Snow Removal, Water
Building Name Elmwood Terrace
Ownership Type Freehold Strata
Maintenance Fee $524
Community Features Adult Oriented, Shopping Nearby
Amenities Nearby Exercise Centre, Recreation Facilities, Trash, Maintenance Grounds, Management, Sewer, Snow Removal, Water
Utility Type Electricity Connected
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Underground, Guest
Total Parking Spaces 1
Strata Restrictions Age Restrictions,Pets Not Allowed,Age Restricted 55+
Pet Restrictions No
Rental Suites None

Lot & Land

MLS® # R3131965
Area Chilliwack
Neighbourhood Chilliwack Proper South
City Chilliwack
Postal Code V2P 4Y3
Gross Taxes $1,657.45
Zoning R6

Property Timeline

Status Date Price
R3131965 / Active 06-04-2026 $364,900
R3117936 / Terminated 04-30-2026 $369,900
Rooms
Floor Type Dimensions
Main Level Living Room 12'6 x 12'6 ft
Main Level Dining Room 8'11 x 8'11 ft
Main Level Kitchen 8'11 x 8'11 ft
Main Level Primary Bedroom 19'6 x 19'6 ft
Main Level Walk-In Closet 4'11 x 4'11 ft
Main Level Bedroom 12' x 12' ft
Main Level Laundry 7'8 x 7'8 ft
Main Level Foyer 3'9 x 3'9 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3
Main Level Yes #3

Listed by: Homelife Advantage Realty Ltd

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Private Schools

Elementary, Secondary
Highroad Academy
Above Average
1.1 km
7/10
Elementary, Secondary
Highroad Academy
Above Average
1.1 km
7/10

Closest Transit

Bus Stop
Young Rd at Rowat Ave (SB)
0.35 km
Skytrain
West Coast Express @ Mission City Station
26.01 km

Demographics

Post-Secondary Education
Below Average
9.5%
No Certificate/Degree
Above Average
21.6%
Owner Occupied
Average
66.1%
Employment Rate
Average
57.6%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

36 / 100
Overall sell-speed score
May take longer
C
Price competition grade
Avg comparable: $314,434
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 26.01 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How CHILLIWACK PROPER SOUTH compares
This property
35 DOM
Average
Chilliwack Proper South avg
32 DOM
Average
Chilliwack avg
32 DOM
Faster market

314 8725 Elm Drive has a sell-speed score of 36/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 13.8% above comparable active properties in Chilliwack Proper South. The local market is currently a Buyer's Market with a sales-to-active ratio of 10.6% and an area average of 32 days on market — buyers have more leverage. With only 246 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V2P 4Y3

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V2P 4Y3, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Moderate

Located within the "Chilliwack" WUI zone (Risk Class 3 — Moderate). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.6 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Chilliwack Airport, Chilliwack (~0.8 km). Annual avg AQHI 1.8 — Low Risk.

Heat Elevated

Chilliwack currently sees ~4 days above 30 °C per year (1981–2010 baseline), projected to rise to ~16 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~31.5 °C baseline, ~34.1 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Typical for region

Annual precipitation ~1591 mm (1981–2010 baseline), projected ~1630 mm by the 2050s. Extreme 1-day rainfall: ~57.9 mm baseline, ~62.5 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~21 days baseline, ~23 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 314 8725 Elm Drive

Walkability & Transit Near 314 8725 Elm Drive

Walk Score Badge
Car-Dependent 70

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 41

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
67

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 314 8725 Elm Drive

/month
Principal & Interest
Property Taxes $138
Maintenance fee 524
Financing 80% of the $364,900 asking price over 30 years at 4% results in approximately $2,056/month in total estimated carrying costs, $138 property tax, $524 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
This listing generates an estimated $1,455/month in rental income, leaving a -$643/month cashflow at current carrying costs. Investors targeting break-even would need roughly 57% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Chilliwack Proper South, Chilliwack

Beds Home Types Square Feet Lot Size Year Built
This Home $364,900
Chilliwack Loading...
Chilliwack Proper South Loading...

Based on 8 comparable active apartments/condos in Chilliwack Proper South, the average asking price is $333,622. This listing is priced 9.4% above the neighbourhood average.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

$0
out of $3,123
0 of 38 missions

Sign up on Estateblock.com

$156 / 5.00%

Sign up on EstateBlock.com

$62 / 2.00%

Buy with us & save on this property

Walkability & Transit Near 314 8725 Elm Drive

Walk Score Badge
Car-Dependent 70

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 41

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
67

Bike Score - Bikeable

Some bike infrastructure

Similar Condos for Sale in Chilliwack Proper South

Recently Sold Homes Near 314 8725 Elm Drive