Multi-family for sale
4820 Lazelle Avenue, Terrace - City, Terrace
$1,500,000
Features
Year Built
1996
Floor Area
10,296 sqft
Lot Size
10,404 sqft
Gross Property Tax
$10,486.40 /year
Building Type
Mul Tenant/MultiPlex (5+)
Zoning
R5
Suite Mix Information
7 x 2 ½
Total no. of Units
7
Description
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.
MLS® Number C8071423