Nestled in the heart of downtown Terrace, this legal suite property offers an incredible opportunity for investors. Strategically situated across from elementary schools and in close proximity to both high schools, this location is a dream for families. With 3 bedrooms and 1 bathroom per unit, the property is fully tenanted, providing a consistent stream of rental income. Conveniently located near essential amenities and shopping, residents can enjoy the convenience of urban living combined with the tranquility of a residential neighborhood. This property presents an ideal investment, offering steady cash flow and the potential for long-term appreciation in Terrace, BC.
Property Type:
Residential
Dwelling Type:
Single Family Residence
Home Style:
Two Levels
Ownership:
Freehold NonStrata
Year built:
1967
(Age: 58)
Living Area:
2,460 sq. ft.229 m2
Floor Area - Unfinished:
0 sq. ft.0 m2
Building Area - Total:
2,460 sq. ft.229 m2
Levels:
Two
Bedrooms:
6
(Above Grd: 3)
Bathrooms:
2.0
(Full:2/Half:0)
Kitchens:
2
Rooms:
13
Taxes:
$4,459.81 /
2025
Lot Area:
7,442 sq. ft.691 m2
Lot Frontage:
61'18.6 m
Lot Details:
61 x 122
Outdoor Area:
Fenced
Water Supply:
Public
Plan:
3473
Construction Materials:
Frame Wood, Stucco
Foundation:
Concrete Perimeter
Basement:
Full
Roof:
Asphalt
No. Floor Levels:
2.0
Floor Area Fin - Above Grade:
1,230 sq. ft.114 m2
Floor Area Fin - Above Main:
0 sq. ft.0 m2
Floor Area Fin - Above Main 2:
0 sq. ft.0 m2
Floor Area Fin - Main:
1,230 sq. ft.114 m2
Floor Area Fin - Below Main:
0 sq. ft.0 m2
Floor Area Fin - Below Grade:
1,230 sq. ft.114 m2
Floor Area Fin - Basement:
1,230 sq. ft.114 m2
Floor Area Fin - Total:
2,460 sq. ft.229 m2
Heating:
Baseboard, Electric, Natural Gas
Parking Features:
Open
Parking:
Open
Road Surface:
Paved
Suite:
Legal Suite
Paved Road, Central Location, Shopping Nearby
Shopping Nearby
1
Dishwasher, Refrigerator
Washer/Dryer, Dishwasher, Refrigerator, Stove
LOT 12 DISTRICT LOT 361 RANGE 5 COAST DISTRICT PLAN 3473
Floor
Type
Size
Other
Main
Living Room
16'9"5.11 m × 12'8"3.86 m
-
Main
Dining Room
9'7"2.92 m × 8'8"2.64 m
-
Main
Kitchen
15'7"4.75 m × 9'2"2.79 m
-
Main
Bedroom
9'2.74 m × 8'3"2.51 m
-
Main
Bedroom
11'3"3.43 m × 9'2"2.79 m
-
Main
Primary Bedroom
11'2"3.40 m × 11'2"3.40 m
-
Bsmt
Living Room
16'2"4.93 m × 12'4"3.76 m
-
Bsmt
Dining Room
9'8"2.95 m × 9'4"2.84 m
-
Bsmt
Kitchen
9'2.74 m × 8'7"2.62 m
-
Bsmt
Laundry
9'2.74 m × 8'9"2.67 m
-
Bsmt
Bedroom
8'4"2.54 m × 8'3"2.51 m
-
Bsmt
Bedroom
10'6"3.20 m × 8'7"2.62 m
-
Bsmt
Primary Bedroom
10'8"3.25 m × 10'6"3.20 m
-
Floor
Ensuite
Pieces
Other
Main
No
4
Basement
No
4
Age Restrictions:
No
Property Disclosure:
No
Fixtures Leased:
No
Home Owners Association:
No
Original Price:
$555,000
Land Lease:
No
Zoning:
R1
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Electricity:
Yes
Fencing:
Fenced
Sewer:
Public Sewer, Sanitary Sewer, Storm Sewer
Single story home with asphalt driveway and a fenced front yard
Laundry room with cabinet space and stacked washer / drying machine
Dining space with light wood-style flooring
Living area featuring light wood finished floors and ceiling fan
Living area with ceiling fan, light wood-type flooring, and a textured ceiling
Living area with wood finished floors, a textured ceiling, and a ceiling fan
Kitchen with brown cabinets, white electric range oven, a breakfast bar area, light countertops, and under cabinet range hood
Kitchen with white appliances, open shelves, brown cabinets, light countertops, and a peninsula
Full bath with vanity, light stone finish flooring, and a shower with shower curtain
Bedroom featuring dark wood-style floors and baseboards
Bedroom with wood finished floors and a ceiling fan
Bedroom featuring a desk, wood finished floors, a ceiling fan, and a textured ceiling
Bedroom featuring dark wood-type flooring, a textured ceiling, and ceiling fan
Bedroom with wood finished floors and a textured ceiling
Bedroom featuring wood finished floors and an office area
Kitchen with white appliances, light wood-style flooring, and under cabinet range hood
Dining room with light wood finished floors
Living area with light wood finished floors and a baseboard radiator
Washroom with water heater, concrete flooring, and washer and clothes dryer
Office featuring light wood-type flooring
Bedroom featuring wood finished floors
View of yard with a mountain view
View of front of house featuring a fenced front yard and a chimney
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Listed by Royal LePage Aspire Realty (Terr)
Data was last updated October 10, 2025 at 08:40 AM (UTC)
Area Statistics
Listings on market:
57
Avg list price:
$499,000
Min list price:
$39,900
Max list price:
$1,475,000
Avg days on market:
46
Min days on market:
1
Max days on market:
214
Avg price per sq.ft.:
$288.46
These statistics are generated based on the current listing's property type
and located in
Terrace - City. Average values are
derived using median calculations. This data is not produced by the MLS® system.