Property Type: Land / Lot

1 3705 CORY DRIVE

Terrace, BC V8G0J6

$1,260,000

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Property Details

Property & Lot

Lot size
1.72 acres

Ownership & Fees

Property type
Land / Lot

Interior

Fireplace
None

Listing Information

MLS®
C8079977
Listed
June 26, 2026
Time on market
On the market for 66 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Royal LePage Aspire Realty (Terr) · Data source: CREA DDF.

Description

Well located in the heart of Terrace's bench this development has great potential today! Ready to build and approved for 21 townhomes, this project is fully-serviced and ready to build. Walking distance to Coast Mountains College, L'Ecole Mountainview, and Uplands School this location is happily saleable, with the quiet location appealing to many. Development permit and strata plan are in place, just need to build! Terrace is the supply and service centre of the Northwest, with many proposed projects near FID, including the Ksi Lisims natural gas project, the KSM Mine, LNGC's second phase, and Cedar LNG already in construction phase. The timing is perfect! (id:63159)

Location Insights

Weather

Rain

11°C

Rain

Humidity 97%

Wind W 14 km/h

Tonight

11°

Tuesday

14°

Tuesday night

11°

Wednesday

23°

Wednesday night

13°

Thursday

24°

Source: Environment and Climate Change Canada.

Population

12,017

(2021 Census)

+3.2% since 2016

Density: 209.6/km²

Dwellings: 5,200

Median household income: $90,000

After-tax: $80,000

Immigrant population: 9.6%

Top countries of origin (% of total population)

  • India1.6% · 195
  • Portugal1% · 120
  • United Kingdom0.9% · 105
  • Philippines0.8% · 100
  • United States of America0.7% · 80
  • Germany0.5% · 60
  • Netherlands0.4% · 45
  • China0.3% · 40

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Ecole MountainviewElementary511 m
Caledonia SecondarySecondary678 m
Skeena MiddleElementary861 m
Veritas Catholic(Independent)Elementary/Middle920 m
Uplands ElementaryElementary951 m
Parkside SecondarySecondary1.4 km
Centennial Christian School(Independent)K-121.8 km
Suwilaawks Community SchoolElementary1.9 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Parks (1)

  • Howe Creek Tree Park619 m

Nearby places data: © OpenStreetMap contributors.

School district: Coast Mountains (SD82)

Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($101,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,008,000.00
Periodic payment — Principal & Interest (monthly)$6,503.27
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$6,503.27
Interest paid over 5-yr term$288,895.70
Balance at end of term$906,699.26

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$101,000
Stress test qualifying rate8.09%
Payment you must qualify for$8,912.30

Cash Needed at Closing

Minimum down payment$101,000
Estimated BC PTT$23,200
Legal / closing costs (typical estimate)$1,500
Total cash needed$125,700

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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