Lot 2 Summit Avenue

Prince Rupert · MLS® C8076382

1.41 acres lot · Land · Vacant Land · 248 days on market

listed by Mike Morse, RE/MAX Coast Mountains (PR)

realtor's description

View Property! Perched above the City with sweeping views to the harbour, this exceptional 1.41-acre (0.571-hectare) parcel sits directly across from the hospital—an unbeatable location. Zoned RM1 for multi-family development, the site supports approximately 24 units, making it ideal for apartments or condominiums. Future residents would appreciate the convenience of the walking distance to the hospital, and downtown. A rare investment opportunity in a prime setting—don’t miss your chance to develop this outstanding property.

property details

type: Land, Vacant Land
lot: 1.41 acres
parking: 0
days on market: 248
MLS®: C8076382

the market here

listed now: 142 days; median for 16 homes for sale; this one 248 days

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

monthly cost

$3,481/mo

Mortgage $3,481

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

estimated payment

$3,481/ monthly

loan $639,200

25-year amortization

down payment20% · $159,80020%+ 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: $405,150
property transfer tax: $13,980; BC general rate
cash to close: $173,780; down + PTT
total paid: $1,044,350

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.