Multi-family for sale
4820 Lazelle Avenue, Terrace - City, Terrace
$1,500,000
Features
Year Built
1996
Floor Area
10,296 sqft
Lot Size
10,454 sqft
Gross Property Tax
$10,486.40 /year
Building Type
Mul Tenant/MultiPlex (5+)
Zoning
R-5
Suite Mix Information
7 x 2 ½
Total no. of Units
7
Description
Exceptional investment opportunity in one of Northern BC’s most stable rental markets. This well-maintained 7-unit apartment building features seven spacious 2-bedroom, 1-bathroom suites with strong in-place income and consistent tenant demand. This property delivers immediate cash flow with long-term upside. Centrally located in the heart of Terrace, tenants benefit from walkable access to shopping, dining, schools, and key amenities. Fully serviced with municipal water, sewer, hydro, and telecommunications, and protected by the local fire department. Low owner expenses and clear potential for rental growth make this an ideal addition to any investment portfolio.
MLS® Number C8078235