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$1,500,000

4820 LAZELLE AVENUE

Terrace · MLS® C8078235

10,296 sq ft · 0 sq ft lot

House · Multi-family · built 1996 · 165 days on market

Listed by Katica Petersen, Royal LePage Aspire Realty (Terr)

Realtor's description

Exceptional investment opportunity in one of Northern BC’s most stable rental markets. This well-maintained 7-unit apartment building features seven spacious 2-bedroom, 1-bathroom suites with strong in-place income and consistent tenant demand. This property delivers immediate cash flow with long-term upside. Centrally located in the heart of Terrace, tenants benefit from walkable access to shopping, dining, schools, and key amenities. Fully serviced with municipal water, sewer, hydro, and telecommunications, and protected by the local fire department. Low owner expenses and clear potential for rental growth make this an ideal addition to any investment portfolio.

Property details

Type: House, Multi-family
Living area: 10,296 sq ft
Lot: 0 sq ft
Parking: 0
Year built: 1996
Days on market: 165
MLS®: C8078235

Price check

Price per sq ft: $146 vs $282 median for houses in Terrace for sale (102)

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 165 days

The market here

Listed now: 49 days; median for 102 houses for sale; this one 165 days

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

Monthly cost

$6,535/mo

Mortgage $6,535

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

estimated payment

$6,535/ monthly

loan $1,200,000

25-year amortization

down payment20% · $300,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $760,607
property transfer tax: $28,000; BC general rate
cash to close: $328,000; down + PTT
total paid: $1,960,607

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.

Location

Lot outline: 966 m² (10,398 sq ft) · PID 023-113-537. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

TerraceGoogle Maps ↗

Location

TerraceGoogle Maps ↗

Good to know

Wildfire
The BC Wildfire Service rates Terrace's wildland urban interface as risk class 4 of 5 (low; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2015 (15 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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