1 / 17

$229,900

2203 2607 PEAR STREET

Terrace · MLS® R3170040

2 bed · 1 bath · 800 sq ft

Condo · Single Family · built 1982 · 9 days on market

Listed by Darren Beaulieu, Royal LePage Aspire Realty (Terr)

Realtor's description

Move in ready 2 bedroom condo! This home features an updated white kitchen with extra cupboards and a dishwasher! The bathroom features a modern vanity, and updated tub with tile tub surround. Both bedrooms are spacious. This unit also has a stackable laundry pair in the storage room which is a rare find! This unit is vacant and available for quick possession! Don't miss out it won't last long!!!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 800 sq ft
Parking: 0
Year built: 1982
Property tax: $1,822 / yr
Days on market: 9
MLS®: R3170040

Features

Washer
Refrigerator
Dishwasher
Stove
Dryer

Price check

2026 assessment: $191,100 · asking is +20%
Last sold: $175,000 · Mar 24, 2023

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 9 days

The market here

Listed now: 19 days; median for 4 condos for sale; this one 9 days

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

Monthly cost

$1,153/mo

Mortgage $1,002 · Tax $152

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

estimated payment

$1,002/ monthly

loan $183,920

25-year amortization

down payment20% · $45,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $116,576
property transfer tax: $2,598; BC general rate
cash to close: $48,578; down + PTT
total paid: $300,496

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $1,205/mo
After all costs: −$80/mo
Cap rate: 4.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,002 · tax $152 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Terrace (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; 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