This lovely 5-bedroom, 2-bathroom well-maintained home is located in the horseshoe, centrally situated on a quiet street close to schools, town, walking trails, and parks. Pride of ownership is apparent in this rancher with a partially finished basement, offering you both a move-in ready home and an opportunity to finish it to your liking. Outside, the neat and tidy backyard offers mature trees and plenty of potential garden space. What makes this property truly impressive is the 15' x 30' shop; built in 2014, this wired shop is heated, insulated, and complete with a 220amp plug. This may be the one you've been waiting for, so act fast!
Property details
5
Beds
2 full
Baths
1,976 ft²
Floor area
8,596 ft²
Lot size
1970
Year built
2
Storeys
$4,283/yr
Gross tax
Location & structure
Single Family
Type
Partially finished
Basement
Listed
June 26, 2026
Basement
Partially finished
Structure
House
PID
008-085-030
Property highlights
Private yard
Features & inclusions
Heating
Forced air, Natural gas
Roof
Asphalt shingle, Conventional
Parking
Open
Additional details
Common interest
Freehold
Tax year
2026
Listed by RE/MAX Coast Mountains. Last updated Jun 29, 2026, 12:35 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 $113,980 down (20%) on $569,900, Canadian semi-annual compounding. Property tax sourced from listing. 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.
Inventory mix
What this area trades in
Within 3 km of this listing · 76 listings
Detached
35
46.1%
Land
21
27.6%
Duplex
5
6.6%
Mobile home
5
6.6%
Condo / Apartment
4
5.3%
Other
6
7.9%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
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
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Terrace · 160 dwellings
Single-detached150 · 93.8%
Semi-detached5 · 3.1%
Apartment in duplex5 · 3.1%
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 #59490123· Terrace· 0.31 km²
Median rent here
$1,082
Owner shelter cost
$1,180
Renters
30.0%
30%+ on shelter
15.2%
Population (2021)
430
Median age
40.0
Avg household size
2.7
Avg household income
$120,000
Renters
30.0%
Owners
96.7%
Immigrants
8.4%
Post-secondary
54.1%
Avg home value
$420,000
Single status
22.1%
Not in labour force
32.8%
Households with kids
34.4%
Median rent
$1,082
Owner shelter cost
$1,180
30%+ on shelter
15.2%
Breakdown
$35,000 to $39,999
5
3.1%
$40,000 to $44,999
5
3.1%
$45,000 to $49,999
10
6.3%
$50,000 to $59,999
5
3.1%
$60,000 to $69,999
10
6.3%
$70,000 to $79,999
10
6.3%
$80,000 to $89,999
15
9.4%
$90,000 to $99,999
15
9.4%
$100,000 to $124,999
20
12.5%
$125,000 to $149,999
15
9.4%
$150,000 to $199,999
25
15.6%
$200,000 and over
25
15.6%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59490123).
Market story
Rent in Terrace
Census 2021 avg $1,082/mo here · Vancouver 4BR rent (est) 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
