Chilliwack rancher sells for $500,000 over asking (PHOTOS)

If the last few weeks were any indication, housing sales in Chilliwack really seem to be heating up.

Daily Hive previously reported on a home that sold for $1.3 million, $800,000 over the asking price.

Now this cozy rancher in Chilliwack has sold for $500,100 over asking, for $1,550,000 according to Zealty. The asking price of the property listed by RE/MAX was $1,049,900.

The historical data for the property is bonkers. In 2020 the house sold for $625,000. In less than two years, the sale price went up by $925,000. According to 2021 census data, Chilliwack actually had the second-fastest population growth rate in Canada, which may provide some insight into why housing prices have risen so much.

Located at 8950 Pandora Street, the 1966-built property has seen an extensive renovation.

Some of the features of the 2,352 sq ft property include a kitchen with an island, a gas fireplace, a fresh coat of paint, and what the listing calls a “spa like bathroom” with a soaker tub and a separate shower. The house has three bedrooms and two bathrooms. There’s also a finished basement.

More on that kitchen though.

8950 Pandora Street, Chilliwack

The kitchen features a ton of counter and seating space right in the centre.

8950 Pandora Street, Chilliwack

Speaking of space, the open-concept living area has an abundance of it, with large windows allowing lots of natural light to enter.

8950 Pandora Street, Chilliwack

There’s also a fireplace.

8950 Pandora Street, Chilliwack

The home also boasts a massive master bedroom.

8950 Pandora Street, Chilliwack

For dog owners, the backyard is a dream, with ample space for puppers to run around in.

8950 Pandora Street, Chilliwack

It’s also perfect for summer barbecues.

8950 Pandora Street, Chilliwack

The property is also situated in a great location, with popular eateries, shopping centres, and more within walking distance.

Google Maps

Take a virtual tour here.

If you were thinking about heading to Chilliwack because of cheaper real estate prices, it now seems like nowhere in BC is safe from the crazy housing market.