298 1st Avenue

Williams Lake · MLS® C8081637

4,000 sq ft · 0 sq ft lot · House · Multi-family · built 1971 · 55 days on market

listed by Courtney Smith, RE/MAX Williams Lake Realty

realtor's description

15-unit walk-up apartment building located on the commercial fringe of the Williams Lake downtown commercial center. Close proximity to shopping, schools, recreation facilities and all other city services. Three storey, wood frame construction on large corner lot. Built 1971, well maintained, regular maintenance program in place over the past 10 years. Ample onsite parking. Fully occupied. Great turnkey investment!

property details

type: House, Multi-family
living area: 4,000 sq ft
lot: 0 sq ft
parking: 0
year built: 1971
days on market: 55
MLS®: C8081637

the market here

listed now: 62 days; median for 126 houses for sale; this one 55 days

Houses in Williams Lake. Sale prices register 1 to 3 months after a sale closes.

property tax by year

year	assessed	est. tax
2026	$1,060,000	$9,937
2025	$1,106,000	$10,302

Estimated tax down 3.5% from 2025 to 2026.

Estimate: the BC Assessment value times Williams Lake'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

$8,535/mo

Mortgage $8,535

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$8,535/ monthly

loan $1,567,200

25-year amortization

down payment20% · $391,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $993,353
property transfer tax: $37,180; BC general rate
cash to close: $428,980; down + PTT
total paid: $2,560,553

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.

location

lot outline: 811 m² (8,730 sq ft) · PID 013-796-267. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Williams LakeGoogle Maps ↗

good to know

Wildfire
The BC Wildfire Service rates Williams Lake's wildland urban interface as risk class 1 of 5 (the highest class). 2 wildfires of 10 hectares or more burned within 5 km since 2006: 2024 (37 ha), 2008 (77 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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