Terrace · V8G1T4
$7,530/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Exceptional investment opportunity in one of Northern BC’s most stable rental markets. This well-maintained 7-unit apartment building features seven spacious 2-bedroom, 1-bathroom suites with strong in-place income and consistent tenant demand. This property delivers immediate cash flow with long-term upside. Centrally located in the heart of Terrace, tenants benefit from walkable access to shopping, dining, schools, and key amenities. Fully serviced with municipal water, sewer, hydro, and telecommunications, and protected by the local fire department. Low owner expenses and clear potential for rental growth make this an ideal addition to any investment portfolio.
10,296 ft²
Floor area
1996
Year built
Multi-family
Type
Listed
April 27, 2026
$146/sqft vs area comp median $1049/sqft (86.1% below, 5 comps). ⚠ Comp set is older than 60 days. Used area-level comps (sub-area had <5 matches).
Nearby & Commute
8 min
walk to Save-On-Foods
5 min
bike to Terrace (Kitimat)
16 min
walk to Terrace (Kitimat)
27h 43m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 51%
| Detached | 41 | 50.6% |
| Land | 21 | 25.9% |
| Mobile home | 6 | 7.4% |
| Duplex | 4 | 4.9% |
| Condo / Apartment | 3 | 3.7% |
| Other | 6 | 7.4% |
| $15,000 to $19,999 | 10 | 4.7% |
| $20,000 to $24,999 | 15 | 7.0% |
| $25,000 to $29,999 | 10 | 4.7% |
| $30,000 to $34,999 | 5 | 2.3% |
| $35,000 to $39,999 | 10 | 4.7% |
| $40,000 to $44,999 | 10 | 4.7% |
| $45,000 to $49,999 | 5 | 2.3% |
| $50,000 to $59,999 | 15 | 7.0% |
| $60,000 to $69,999 | 15 | 7.0% |
| $70,000 to $79,999 | 20 | 9.3% |
| $80,000 to $89,999 | 15 | 7.0% |
| $90,000 to $99,999 | 20 | 9.3% |
| $100,000 to $124,999 | 25 | 11.6% |
| $125,000 to $149,999 | 15 | 7.0% |
| $150,000 to $199,999 | 20 | 9.3% |
| $200,000 and over | 5 | 2.3% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$7,530
Principal and interest
Calculated estimate
$6,938
Property tax
Calculated estimate
$442/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,500,000
Down payment
Calculated estimate
$300,000 (20%)
Estimated mortgage
Calculated estimate
$1,200,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$7,530
/mo
Rate
%
Amortization
Principal and interest
$6,938
Property tax (est.)
$442
P&I
Tax
Down payment
$300,000 (20%)
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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 $300,000 down (20%) on $1,500,000, 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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
At 8.0529 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
