4314 Lakelse Avenue

Terrace · MLS® C8078846

1.12 acres lot · Land · Vacant Land · 160 days on market

listed by Rick McDaniel, Royal LePage Aspire Realty (Terr)

realtor's description

On Terraces original and still well travelled through route, this property welcomes people coming in from Thornhill across the "Old Bridge". Within 150 metres of a popular pub, and 100 from a Motel, this is a great location for your enterprise.

property details

type: Land, Vacant Land
lot: 1.12 acres
parking: 0
days on market: 160
MLS®: C8078846

the market here

listed now: 160 days; median for 34 homes for sale; this one 160 days

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

property tax by year

year	assessed	est. tax
2026	$34,800	$283

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

$435/mo

Mortgage $435

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

estimated payment

$435/ monthly

loan $79,920

25-year amortization

down payment20% · $19,98020%+ 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: $50,656
property transfer tax: $999; BC general rate
cash to close: $20,979; down + PTT
total paid: $130,576

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.