Rare opportunity to own a freehold commercial property with a residence on a 14,800 sq.ft. lot in the heart of Cultus Lake, one of Chilliwack's most popular year-round destinations. Formerly operating as the well-known Lakeside Market, this high-exposure property offers outstanding potential for an owner-operator, investor, or entrepreneur looking to establish a retail, restaurant, café, specialty market, or other business (buyer to verify permitted uses). A unique opportunity to invest in one of British Columbia's most recognizable recreational communities.
Property details
1,296 ft²
Floor area
Location & structure
Vacant Land
Type
Listed
July 6, 2026
Additional details
Tax year
2025
Listed by Westmont Realty Inc.. Last updated Jul 10, 2026, 12:45 PM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $239,800 down (20%) on $1,199,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 50 listings
Detached
30
60.0%
Mobile home
15
30.0%
Land
4
8.0%
Townhouse
1
2.0%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Census 2021 dwelling structural-type mix · Fraser Valley H · 1,145 dwellings
Single-detached1,000 · 87.3%
Movable dwelling125 · 10.9%
Apartment in duplex20 · 1.7%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59090729· Fraser Valley H· Transit 5/100· 0.66 km²
Median rent here
$1,440
Owner shelter cost
$2,380
Renters
11.8%
30%+ on shelter
15.6%
Population (2021)
189
Median age
46.0
Avg household size
2.8
Avg household income
$98,200
Renters
11.8%
Owners
94.1%
Immigrants
8.3%
Post-secondary
50.0%
Avg home value
$1,120,000
Single status
18.8%
Not in labour force
38.1%
Households with kids
38.5%
Median rent
$1,440
Owner shelter cost
$2,380
30%+ on shelter
15.6%
Breakdown
Under $5,000
10
0.9%
$5,000 to $9,999
5
0.4%
$10,000 to $14,999
20
1.7%
$15,000 to $19,999
30
2.6%
$20,000 to $24,999
55
4.8%
$25,000 to $29,999
35
3.0%
$30,000 to $34,999
40
3.5%
$35,000 to $39,999
40
3.5%
$40,000 to $44,999
45
3.9%
$45,000 to $49,999
40
3.5%
$50,000 to $59,999
85
7.4%
$60,000 to $69,999
85
7.4%
$70,000 to $79,999
90
7.8%
$80,000 to $89,999
55
4.8%
$90,000 to $99,999
50
4.3%
$100,000 to $124,999
115
10.0%
$125,000 to $149,999
115
10.0%
$150,000 to $199,999
115
10.0%
$200,000 and over
120
10.4%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59090729).
Market story
Rent in Fraser Valley H
Census 2021 avg $1,440/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
