960 N Second Avenue

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$447,000

960 N Second Avenue

Williams Lake · MLS® R3176163

2,138 sq ft · 0 sq ft lot · House · Single Family · built 1979 · 9 days on market

listed by Susan Colgate, Royal LePage Interior Properties

realtor's description

Located close to all levels of schools and everyday amenities, this 5-bedroom home offers plenty of space and flexibility for families or those looking for additional income potential. The main floor features three bedrooms, a 4-piece bathroom, kitchen, dining area, and a comfortable living room with access to a deck and stairs leading down to the fully fenced yard. Downstairs, a separate-entry, 2-bedroom in-law suite provides added versatility for extended family or rental potential. With a functional layout, outdoor space, and a convenient location, this property is full of possibilities!

property details

type: House, Single Family
bedrooms: 5
bathrooms: 2
living area: 2,138 sq ft
lot: 0 sq ft
parking: 0
year built: 1979
property tax: $4,415 / yr
days on market: 9
MLS®: R3176163

features

Refrigerator
Stove

the market here

listed now: 62 days; median for 126 houses for sale; this one 9 days

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

property tax by year

year	assessed	est. tax
2026	$448,700	$4,206

The listing shows $4,415 a year in property tax.

Estimate: the BC Assessment value times Williams Lake'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

$2,315/mo

Mortgage $1,948 · Tax $368

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

estimated payment

$1,948/ monthly

loan $357,600

25-year amortization

down payment20% · $89,40020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $226,661
property transfer tax: $6,940; BC general rate
cash to close: $96,340; down + PTT
total paid: $584,261

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.

if you rented it out

suite rent: $1,650/mo
your cost after the suite: $972/mo; vs $2,490 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $1,948 · tax $368 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 2-bedroom in Williams Lake: CMHC's average there ($1,455) raised by what new tenants pay against everyone in the Kamloops area, then up 1.6% with Kamloops's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca