NEW

564 Wallace St, Hope, BC

$520,000
Est. Mortgage /mo

MLS® R3095486

2 Beds
1 Baths
813 sqft
640 $ /sqft
1945 Built
$520,000
Est. /mo with 20% down
$640/sqft · Tax $2,821/2025
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

Property Details & Specs

Great holding property. Zoned CBD downtown commercial. Located at the top of the "Main Street" in Hope (Wallace), beside Lordco. Street plus lane access provides ample opportunity to convert the property to commericial at some point in the future. Rented to long term tenant that would like to stay, making this a stable investment till developed. Home is older but has had some updates in the not too distant past.

General Info

Price $520,000
Total Bedrooms 2
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 813
Lot Size 7000
Lot Size Depth Feet
Lot Size Frontage 50
Basement None
Basement Features -

Property Metrics

Year Built 1945
Age Of Building 81
Building Type Single Family Residence
Property Type Residential
Stories 1
Building Features -
Structures Residential Detached

Additional Details

MLS® # R3095486
Building Name -
Area Hope & Area
Neighbourhood Hope
City Hope
Postal Code V0X 1L0
Price per Sqft $640
Gross Taxes $2,821.03
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace -
Heating Type Baseboard, Forced Air, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Open
Total Parking Spaces -
Listed by: RE/MAX Nyda Realty (Hope)

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.

Neighborhood & Transit Info

Private Schools

Elementary, Secondary
Seabird Island Community School
25.73 km
Elementary, Secondary
Seabird Island Community School
25.73 km

Closest Transit

Bus Stop
6 Ave at Commission St (SB)
0.14 km
Skytrain
West Coast Express @ Mission City Station
68.70 km

Demographics

Post-Secondary Education
Below Average
10.4%
No Certificate/Degree
Above Average
23.6%
Owner Occupied
Below Average
50.6%
Employment Rate
Below Average
40.2%

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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $235
Maintenance fee 0
Financing 80% of the $520,000 asking price over 30 years at 4% results in approximately $2,221/month in total estimated carrying costs, $235 property tax.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
This listing generates an estimated $2,074/month in rental income, leaving a -$233/month cashflow at current carrying costs. Investors targeting break-even would need roughly 30% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $520,000
Hope Loading...
Hope Loading...
3 comparable Single Family Residences are currently active in Hope, with a median asking price of $527,093. This property is listed 1.3% below the local average and 1.3% below the Hope 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

Property FAQs

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What is the estimated monthly mortgage and strata fee for 564 Wallace Street, Hope, BC?

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

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