realtor's description

Affordable R5 zoned lot, suitable for townhouses or an apartment, a short walk from the pool on a private side street in town. The lot slopes down from Birch Hill to a flat building site below. Geo-tech report required for building permit on this lot.

property details

type: Land, Vacant Land
lot: 36,380 sq ft
parking: 0
property tax: $1,071 / yr
days on market: 234
MLS®: R3097133

the market here

listed now: 160 days; median for 34 homes for sale; this one 234 days

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

property tax by year

year	assessed	est. tax
2026	$99,900	$813

The listing shows $1,071 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

$521/mo

Mortgage $431 · Tax $89

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

estimated payment

$431/ monthly

loan $79,200

25-year amortization

down payment20% · $19,80020%+ 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: $50,200
property transfer tax: $990; BC general rate
cash to close: $20,790; down + PTT
total paid: $129,400

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.