Are you looking for development property in British Columbia, Canada?
Located just 43 miles (70 kms) east of Vancouver and 9 miles (15 kms) north of the U.S. border sits this 5.53 acre property zoned for urban development that is situated minutes from all amenities including public transportation. This property is perfect for an investor looking for a holding property.
This is a rare and lucrative opportunity to take advantage of Mission’s robust real estate market in the Cedar Valley area, a new and upcoming area attracting buyers from Vancouver.
The Official Community Plan supports Urban Compact Zoning (4,000 square foot lots). Mission’s market is primed for development!
- 5.53 acres
- Designated as urban Compact in official community plan
- City water and sewer nearby
- Electricity, natural gas, telephone and cable services available nearby
- Save big with the U.S./Canadian exchange rate
- Foreign buyers tax does not apply to Mission
How much will property in Mission B.C. cost?
On July 25th 2016, B.C. put into affect a new foreign property transfer tax. This tax focuses on foreign nationals and companies that buy real estate in the Greater Vancouver area and includes a 15% tax on the total property value of their purchase. However, this foreign buyers tax does not apply to Mission B.C. or to Canadian citizens and permanent residents.
With the current U.S. and Canadian exchange rate your dollar can go further in Canada. To calculate the estimated cost in U.S. funds and see your potential savings, use a currency exchange tool.
Visit the Bank of Canada Currency Converter for the latest posted exchange rates.
About Mission B.C.
Mission is the 23rd largest municipality in British Columbia with a population of over 36, 500 and is located about an hour from Vancouver and 15 minutes from Abbotsford and the U.S. border. Mission is known for it’s outdoor living with skiing, hiking, mountain biking, sturgeon fishing, lakes and parks within steps of the city limits. Over the last few years Mission has seen an influx of property development and families moving from the Vancouver area. The West Coast express train from Mission to downtown Vancouver is a huge asset to those that work in the city making the almost hour long commute comfortable and stress free.
If you would like to know more about this property or other opportunities in the Mission real estate market feel free to contact me directly.