338 Balsam St, Cultus Lake BC - Single Family Residence for Sale - MLS# R3048254

$998,888
Est. Mortgage $4,419/mo
3 Beds
1 Baths
1395 sqft
716 $ /sqft
1959 built
$998,888
Est. $4,419/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

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Property Details for 338 Balsam Street

Welcome to the paradise living at Cultus Lake Park! This corner lot sits on 0.062 acre and features a refurbished 1 1/2 storey home and has a revamped out building. This charming home is 1,184 sq. ft and has updates that includes a 2yr old roof and furnace, as well as 4 yr old hot water tank, with picturesque cottage style living! The fenced quaint back yard oasis is spacious, secluded, and private. The out building is 170 sq. ft. and it has been revamped with a 4 yr old roof, splash of paint, has electricity and can be used for multi purposes such as a shed, studio, workshop, hobby room and much more!!! This is leased land- therefore your are required to pay yearly for the lease.

Interior Features

Basement Finished Area (sqft) 0
Basement Features Crawl Space
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Storage
Fireplace 0
Heating Type Forced Air, Hot Water, Natural Gas
Laundry In Unit
# of Kitchens 1
Flooring Mixed
Foundation None

Exterior Features

Exterior Features Private Yard
View Description mountain
Roof Asphalt, Torch-On
Structures Residential Detached

Building Details

Price $998,888
Total Bedrooms 3
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 1395
Year Built 1959
Age Of Building 67
Building Type Single Family Residence
Property Type Residential
Stories 1
Ownership Type Leasehold prepaid-NonStrata
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Community
Water (WaterSource) Public
Parking Type Additional Parking, Guest
Total Parking Spaces 2
Rental Suites None

Lot & Land

Lot Size 2772
Lot Size Depth Feet
Lot Size Frontage 0
MLS® # R3048254
Area Cultus Lake & Area
Neighbourhood Cultus Lake North
City Cultus Lake
Postal Code V2R 4Y8
Gross Taxes $3,058.17
Zoning R2

Property Timeline

Status Date Price
R3048254 / Active 09-17-2025 $998,888
Rooms
Floor Type Dimensions
Main Level Living Room 9'8 x 9'8 ft
Main Level Foyer 5'7 x 5'7 ft
Main Level Bedroom 9'8 x 9'8 ft
Main Level Dining Room 9'2 x 9'2 ft
Main Level Kitchen 8'2 x 8'2 ft
Main Level Laundry 13'6 x 13'6 ft
Above Level Bedroom 11'1 x 11'1 ft
Above Level Bedroom 7'8 x 7'8 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3

Listed by: Sutton Group-West Coast Realty (Abbotsford)

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
John Calvin School
Above Average
6.66 km
8/10
Elementary, Secondary
Highroad Academy
Above Average
10.56 km
7/10

Closest Transit

Bus Stop
Sunnyside Blvd at Balsam (NB)
0.03 km
Skytrain
West Coast Express @ Mission City Station
24.74 km

Crime Rate

Total Crime Rate
Above Average
Violent Crime Rate
Above Average
Property Crime Rate
High

Demographics

Post-Secondary Education
Below Average
10.6%
No Certificate/Degree
Above Average
19.1%
Owner Occupied
Below Average
53.5%
Employment Rate
Below Average
40.2%

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
B
Price competition grade
Avg comparable: $998,888
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 24.74 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How CULTUS LAKE NORTH compares
This property
295 DOM
Slower than area
Cultus Lake North avg
20 DOM
Average
Cultus Lake avg
20 DOM
Faster market

338 Balsam Street has a sell-speed score of 56/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced in line with comparable active properties in Cultus Lake North. 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.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 338 Balsam Street

Walkability & Transit Near 338 Balsam Street

Walk Score Badge
Car-Dependent 36

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
54

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 338 Balsam Street

/month
Principal & Interest
Property Taxes $255
Maintenance fee 0
Financing 80% of the $998,888 asking price over 30 years at 4% results in approximately $4,070/month in total estimated carrying costs, $255 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:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
This listing generates an estimated $3,586/month in rental income, leaving a -$650/month cashflow at current carrying costs. Investors targeting break-even would need roughly 34% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Cultus Lake North, Cultus Lake

Beds Home Types Square Feet Lot Size Year Built
This Home $998,888
Cultus Lake Loading...
Cultus Lake North Loading...

No active comparable properties are currently available for this property type in Cultus Lake. The price evaluation chart will update as similar listings enter the market.

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

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Walkability & Transit Near 338 Balsam Street

Walk Score Badge
Car-Dependent 36

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus
Bike Score Badge
Somewhat
Bikeable
54

Bike Score - Bikeable

Some bike infrastructure

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