Property Type: DuplexOwnership: Strata

1 4005 THOMAS STREET

Terrace, BC V8G5N3

$559,900

3 bed3 bath1,502 sqftBuilt 2026
Get Directions

Property Details

Property & Lot

Sub-type
Duplex
Stories
2
Lot size
0 x

Ownership & Fees

Property type
Duplex
Ownership
Strata
Annual property tax
$0 (2026)

Interior

Basement
Crawl space
Heating
Forced air, Natural gas
Fireplace
None

Exterior & Lot

Exterior features
Vinyl siding
View
Mountain view

Building

Foundation
Concrete Perimeter
Roof
Asphalt shingle, Conventional

Parking

Features
Garage

Room Dimensions

RoomLevelDimensions
Living roomMain level
Dining roomMain level
KitchenMain level
FoyerMain level
Primary BedroomAbove
OtherAbove
Bedroom 2Above
Bedroom 3Above

Listing Information

MLS®
R3124151
Listed
May 15, 2026
Time on market
On the market for 108 days
Tax assessment year
2026
Data last synced
August 28, 2026

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

Description

Modern, new, affordable with an incredible location just down the block from Uplands school, near transit, playing fields, playgrounds, all in the bustling market that is Terrace BC. Ready in the last 1/2 of 2026 this home offers a fantastic kitchen open to the eating and dining areas, with a step out to the back patio! Head up the stairs and glance out the window on the landing, adding natural lite to the hallway, and find the well appointed primary bedroom. The spacious walk-in closet offers plenty of space for keeping your clothes organized! The 5 piece en-suite offers Jack and Jill sinks, and a separate tub and shower! Two more well sized bedroom up and another full bathroom with laundry space on the same floor as the bedrooms! Great convenience and added utility. (id:63159)

Values & Trends

This listing

$373/sqft

Building average

No other active listings in this building

Terrace average

$284/sqft

4 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Light Rain

12°C

Light Rain

Humidity 93%

Wind SSE 19 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.

Nearby Schools

SchoolTypeDistance
Uplands ElementaryElementary325 m
Caledonia SecondarySecondary803 m
Veritas Catholic(Independent)Elementary/Middle997 m
Parkside SecondarySecondary1.0 km
Ecole MountainviewElementary1.1 km
Skeena MiddleElementary1.1 km
Centennial Christian School(Independent)K-121.6 km
Suwilaawks Community SchoolElementary1.8 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.

School district: Coast Mountains (SD82)

Mortgage & Ownership Cost Calculator

Minimum required: 5.5% ($30,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$447,920.00
Periodic payment — Principal & Interest (monthly)$2,889.83
Additional monthly expenses (strata, tax, utilities, etc.)$75.00
Total monthly cost$2,964.83
Interest paid over 5-yr term$128,375.16
Balance at end of term$402,905.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,067.13

Cash Needed at Closing

Minimum down payment$30,990
Estimated BC PTT$9,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,688

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.

Request more information