Lake Errock, Mission Houses with Basement for Sale
Mission is one of the Fraser Valley cities where finished basements are the norm rather than the exception — most detached homes include a lower level with full ceiling height and, in many cases, a separate entrance that makes suite conversion straightforward and cost-effective. There are currently 17 houses with basement for sale in Lake Errock, Mission. Prices range from $250,000 to $1,199,900. Browse all MLS® listings below, complete with sold history, floor plans, and daily updates. Many Mission homes built after 1985 include walk-out basements on sloped lots with natural light and direct outdoor access — ideal for suite development. The District of Mission permits secondary suites in all single-family residential zones under a clear registration process. A 1-bedroom basement suite in Mission typically rents for $1,100–$1,500/month; a 2-bedroom suite commands $1,500–$1,800/month — a meaningful mortgage offset in one of the Fraser Valley's most affordable markets.
The houses market in Lake Errock, Mission is currently a Buyer's Market with a 11.8% sales ratio — 2 homes sold against 17 active listings in the past 30 days. The median asking price is $899,500 ($510/sqft). Properties are selling slowly, averaging 39 days on the market.
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| Price Range | Active | Sold (30d) | Sales Ratio | Activity |
|---|---|---|---|---|
| Under $600K Most Active | 3 | 2 | 67% | |
| $600K–$800K | 5 | 0 | 0% | |
| $800K–$1M | 4 | 0 | 0% | |
| $1M–$1.25M | 5 | 0 | 0% |
Sales ratio = homes sold in last 30 days ÷ active inventory. Over 20% = Seller's Market.
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