Property Type: Detached HouseOwnership: Freehold

20519 16 HIGHWAY

Terrace, BC V0J1G0

$1,850,000

4 bed1 bath2,135 sqftBuilt 2014
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
30.2 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,124.49 (2026)

Interior

Basement
None
Heating
Propane
Fireplace
Yes (1)

Exterior & Lot

Exterior features
Vinyl siding
Waterfront
Waterfront

Building

Foundation
Concrete Slab
Roof
Metal, Conventional

Parking

Features
Carport

Room Dimensions

RoomLevelDimensions
FoyerMain level
KitchenMain level
Dining roomMain level
Living roomMain level
Laundry roomMain level
Bedroom 2Main level
Bedroom 3Above
Bedroom 4Above
OfficeAbove
Primary BedroomAbove

Listing Information

MLS®
R3150162
Listed
July 27, 2026
Time on market
On the market for 35 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: RE/MAX Coast Mountains · Data source: CREA DDF.

Description

Escape to your own private off-grid sanctuary at Princess Lake! Just 40 minutes from Terrace, this one-of-a-kind waterfront retreat features a thoughtfully designed 4-bdrm plus office custom home with breathtaking lake and mountain views. The open-concept main floor offers a spacious quartz kitchen, dining area, & cozy living room with a wood stove, while the upper-level primary bedroom captures stunning 180° views. Designed for comfortable family living, the property also includes a charming lakeside guest cabin, greenhouse, gardens, chicken coop, gazebo, multiple storage buildings, and solar power. Enjoy 1.5 km of Skeena River frontage, a private trail to the river, a waterfall connecting the lake and river, and a scenic 2.2 km walking trail around the lake. An incredible opportunity. (id:63159)

Values & Trends

This listing

$867/sqft

Building average

No other active listings in this building

Terrace average

$332/sqft

69 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

11°C

Light Rain

Humidity 97%

Wind ESE 10 km/h

Today

14°

Tonight

11°

Wednesday

23°

Wednesday night

13°

Thursday

24°

Thursday night

12°

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

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Coast Mountains (SD82)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($370,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,480,000.00
Periodic payment — Principal & Interest (monthly)$9,548.46
Additional monthly expenses (strata, tax, utilities, etc.)$284.04
Total monthly cost$9,832.50
Interest paid over 5-yr term$424,172.25
Balance at end of term$1,331,264.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$370,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,380.68

Cash Needed at Closing

Minimum down payment$370,000
Estimated BC PTT$35,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$406,500

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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