5128 Medeek Avenue

Terrace · MLS® R3175730

1,050 sq ft · 2.89 acres lot · House · Single Family · built 1955 · 11 days on market

listed by Dawn Monsen, RE/MAX Coast Mountains

realtor's description

Looking for an acreage in town? This 2.89 acre property on the south side of Terrace has plenty of potential - both for personal use or perhaps for redevelopment. One of the largest lots on the south side north of Graham, this property would be great for a large family. With the new Bill 44 zoning, you could potentially have up to 4 units on it - Small scale multi family housing. See https://engage.terrace.ca/zoning for more details. The current 3 bedroom 1 bath home on the lot is in need of some love, but if you are handy, you could turn it into your dream property. This property also has redevelopment potential with potential R3 development. (Buyer to do due diligence & confirm details with the City of Terrace).

property details

type: House, Single Family
bedrooms: 3
bathrooms: 1
living area: 1,050 sq ft
lot: 2.89 acres
parking: 0
year built: 1955
property tax: $4,348 / yr
days on market: 11
MLS®: R3175730

the market here

listed now: 62 days; median for 95 houses for sale; this one 11 days

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

property tax by year

year	assessed	est. tax
2026	$445,000	$3,620

The listing shows $4,348 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

$1,974/mo

Mortgage $1,612 · Tax $362

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

estimated payment

$1,612/ monthly

loan $295,920

25-year amortization

down payment20% · $73,98020%+ 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: $187,566
property transfer tax: $5,398; BC general rate
cash to close: $79,378; down + PTT
total paid: $483,486

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: 4,359 m² (46,920 sq ft) · PID 012-334-260. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

TerraceGoogle Maps ↗

good to know

Floodplain
This address is within a designated floodplain on the provincial floodplain maps (Skeena River). Local rules can set things like minimum floor heights; the municipality can confirm what applies.
Source: Province of BC, Mapped Floodplains in BC

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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