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$1,500,000

Terrace BC, V8G 1T4

MLS® # C8071423

Property Information:

An exceptional acquisition opportunity in one of Northern British Columbia’s most stable rental markets. This well-maintained 7-unit apartment building offers seven spacious 2-bedroom, 1-bathroom suites with strong current income and proven tenant demand. With a cap rate exceeding typical B.C. averages, this property delivers an attractive blend of immediate cash flow and long-term value growth. Ideally positioned in the heart of Terrace, tenants enjoy walkable access to shops, dining, schools, and community amenities. Fully serviced with municipal water, sewer, hydro, and telecommunications, the property is protected by the City of Terrace Fire Department. Minimal owner-paid expenses and clear potential for rent optimization make this an opportunity suited to both seasoned investors and institutional buyers. Seize this rare chance to secure a premium multifamily asset in a growth-oriented regional hub. (id:27)

Building Features:

  • Floor Space: 10296 sqft

Property Features:

  • Property Type: Multi-family
  • Built in: 1996
  • Floor Space (approx): 10296 Square Feet

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 4820 LAZELLE AVENUE, Terrace, British Columbia, V8G 1T4

Demographic Information of 4820 LAZELLE AVENUE, Terrace, British Columbia, V8G 1T4

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$97,296.58

Average Number of Children

1.81

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.14 %

High school certificate or equivalent

28.28 %

Apprenticeship trade certificate/diploma

16.4 %

College/non-university certificate

24.64 %

University certificate (below bachelor)

0.04 %

University Degree

16.5 %

Commuter

Travel To Work

By Car

73.18 %

By Public Transit

4.57 %

By Walking

21.35 %

By Bicycle

0.0 %

By Other Methods

0.9 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

48.25 %

Houses

51.75 %

Own Vs. Rent