3957 SIMPSON CRESCENT

Terrace · MLS® R3151378

1,210 sq ft · 0 sq ft lot

House · Single Family · built 1962 · 69 days on market

Listed by David Tooms, RE/MAX Coast Mountains

Realtor's description

Bring your vision to life with this 1,200 sq. ft. rancher-style home, ready for the next stage of construction. Located in Copper Mountain Subdivision, this property offers a solid head start with several major improvements already completed, including a new roof, new exterior house wrap, new 125-amp electrical service, and roughed-in plumbing. This is an excellent opportunity for a builder, investor, or homeowner looking to customize the finishing touches to suit their own style and needs. A thoughtfully designed 3-bedroom, 2-bathroom floor plan is available for interested buyers, providing a great foundation to complete the project. Whether you're looking for your next investment or the chance to create a home tailored to your preferences, this property offers outstanding potential!

Property details

Type: House, Single Family
Living area: 1,210 sq ft
Lot: 0 sq ft
Parking: 0
Year built: 1962
Property tax: $1,910 / yr
Days on market: 69
MLS®: R3151378

Price check

Below typical for the area (-22%)

2026 assessment: $250,500 · asking is +3.8%
Price per sq ft: $215 vs $277 median for houses in Terrace for sale (100)

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 69 days

The market here

Listed now: 48 days; median for 100 houses for sale; this one 69 days

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

Monthly cost

$1,292/mo

Mortgage $1,132 · Tax $159

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

estimated payment

$1,132/ monthly

loan $207,920

25-year amortization

down payment20% · $51,98020%+ 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: $131,788
property transfer tax: $3,198; BC general rate
cash to close: $55,178; down + PTT
total paid: $339,708

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.