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:4069)
Address
4820 LAZELLE AVENUE
List Price
$1,500,000
Property Type
Multi-family
Transaction Type
Sale
Area
British Columbia
Sub-Area
Terrace
Floor Area
10,296 Sq. Ft.
Lot Size
0.24 Sq. Ft.
Year Built
1996
MLS® Number
C8071423
Listing Brokerage
Royal LePage Aspire Realty (Terr)
Postal Code
V8G1T4
