10 4832 Lazelle Avenue

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$269,900

10 4832 Lazelle Avenue

Terrace · MLS® R3178034

1,339 sq ft · Condo · Single Family · built 1982 · 3 days on market

listed by Dawn Monsen, RE/MAX Coast Mountains

realtor's description

Woodgreen Condos - One of the largest units in the building, this well-designed home offers 2 bedrooms plus a den (or optional 3rd bedroom), and 2 full bathrooms. The bright open-concept layout features a functional kitchen, dining area, and comfortable living room, perfect for everyday living and entertaining. The main floor includes a second bedroom, den, and 4-piece bathroom. Upstairs, you'll find a generous primary suite complete with a private ensuite and its own balcony—an ideal spot to enjoy your morning coffee. This is an excellent opportunity for first-time buyers, downsizers, or investors! The unit has been freshly painted & ready for quick possession, this could be yours in no time!

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 1,339 sq ft
parking: 0
year built: 1982
property tax: $2,370 / yr
days on market: 3
MLS®: R3178034

the market here

listed now: 28 days; median for 5 condos for sale; this one 3 days

Condos in Terrace. Sale prices register 1 to 3 months after a sale closes.

property tax by year

year	assessed	est. tax
2026	$260,000	$2,115
2025	$244,000	$1,965

Estimated tax up 7.6% from 2025 to 2026.

The listing shows $2,370 a year in property tax.

Estimate: the BC Assessment value times Terrace's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

monthly cost

$1,373/mo

Mortgage $1,176 · Tax $198

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,176/ monthly

loan $215,920

25-year amortization

down payment20% · $53,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 26, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $136,859
property transfer tax: $3,398; BC general rate
cash to close: $57,378; down + PTT
total paid: $352,779

first-time buyernewly built

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $1,690/mo
after all costs: $146/mo
cap rate: 5.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,176 · tax $198 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Terrace: the town's own rents in the 2021 Census, brought forward by BC's rent index ($1,445; CMHC covers it thinly or not at all) raised by what new tenants pay against everyone in the province (BC centres of 10,000+), then up 2.5% with BC's rent index, Oct 2025 → Aug 2026. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend and 2021 Census rents: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca