The district issued a state of local emergency Tuesday night, warning that the downpour was causing “debris flow/debris flood” in the area.
The majority of the properties are located on Dogwood Valley Road, Baker Road and Yurkin Road.
On Wednesday afternoon, the FVRD rescinded the evacuation for all but one property.
Evacuated residents were being asked to register at the Yale Community Centre for further instructions and support.
The evacuations came following a state of local emergency and evacuation order were implemented in the District of Kent over the weekend, after a washout affected Rockwell Drive in Harrison Hot Springs and damaged water infrastructure for nearby lakefront properties.
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That order, which was re-issued Tuesday, covers about 40 properties and was implemented due to concerns of floodwaters originating from Trout Lake Creek.
The district says it is working with the Ministry of Transportation and a contractor to restore road access and potable water to area residents.
A team from BC Housing will be in the area Thursday to assess damage to homes that have been evacuated.
On Tuesday, the Ministry of Public Safety announced disaster financial assistance for people affected by flooding from the rainstorm in regions around the South Coast.
British Columbians can access the DFA application online.