Home Chilliwack, BC Eastern Hillsides 8555 Forest Gate Drive

8555 Forest Gate Dr, Chilliwack BC - Single Family Residence for Sale - MLS# R2904733

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4 Beds

5 Baths

3622 sqft

359 $ /sqft

2024 built

Closed

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This property sold for

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Dan Marusin

Renanza Realty

778-918-5990

Award-Winning REALTOR^® with 11+ Years of Experience Serving Greater Vancouver

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Photos

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Sold price & sold date

Original list price & price changes

Full photo gallery - 40 photos

Days on market & listing history

Map & Neighbourhood

Private Schools

Elementary, Secondary
Unity Christian School: Above Average; 1.07 km; 7.8/10
Elementary, Secondary
Unity Christian School: Above Average; 1.07 km; 7.8/10

Closest Transit

Bus Stop
Yale at McGrath (EB): 2.94 km
Skytrain
West Coast Express @ Mission City Station: 36.65 km

Demographics

Post-Secondary Education: Below Average; 17.8%
No Certificate/Degree: Average; 12.7%
Owner Occupied: Average; 71.2%
Employment Rate: Average; 55.7%

Noise/ Power Lines

Road/Hwy Noise: Unlikely
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

56 / 100

Overall sell-speed score

Moderate pace expected

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Price competition grade

No comparable data

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 36.65 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How EASTERN HILLSIDES compares

This property

105 DOM

Slower than area

Eastern Hillsides avg

20 DOM

Average

Chilliwack avg

20 DOM

Faster market

8555 Forest Gate Drive has a sell-speed score of 56/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. The local market is currently a Balanced Market with a sales-to-active ratio of 15.2% and an area average of 20 days on market — conditions are balanced. With only 730 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V4Z 0C7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V4Z 0C7, 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 4.4 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Agassiz Centennial Park, Agassiz (~9.4 km). Annual avg AQHI 1.7 — 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 8555 Forest Gate Drive

Mortgage Calculator for 8555 Forest Gate Drive

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $261

Maintenance fee 0

A 20% down payment of $260,000 on this $1,300,000 listing yields an estimated mortgage of $4,965/month (30-year fixed, 4%). Total estimated housing cost: $5,226/month, $261 property tax.

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: Oct 25, 2024

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

With $5,030/month in estimated rental income against $5,392/month in mortgage payments, the monthly cashflow is -$362/month. A 26% down payment would reach break-even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.