3725 LANFEAR AVENUE
Terrace, BC V8G5H1
$2,400,000
Property Details
Property & Lot
- Lot size
- 1.99 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $7,494.37 (2025)
Interior
- Fireplace
- None
Exterior & Lot
- View
- City view, Mountain view
Listing Information
- MLS®
- R3115114
- Listed
- April 23, 2026
- Time on market
- On the market for 130 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Aspire Realty (Terr) · Data source: CREA DDF.
Description
Exceptionally located development property in Terrace BC. R3 zoning allows up to 26 units on this land with those situated along the Southern Property line being afforded a spectacular view of the City and Mountains to the South. Located on the bench in Terrace within walking distance of Uplands School and Coast Mountains College this location is ideal for your premium development. Also available on Commercial see MLS# C8078158. (id:63159)
Location Insights
Weather
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
30
4/9 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
| School | Type | Distance |
|---|---|---|
| Skeena Middle | Elementary | 302 m |
| Caledonia Secondary | Secondary | 568 m |
| Veritas Catholic(Independent) | Elementary/Middle | 629 m |
| Ecole Mountainview | Elementary | 723 m |
| Parkside Secondary | Secondary | 1.3 km |
| Suwilaawks Community School | Elementary | 1.4 km |
| Centennial Christian School(Independent) | K-12 | 1.4 km |
| Uplands Elementary | Elementary | 1.5 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
Restaurants (1)
- Boston Pizza · 4924 Yellowhead Highway478 m
Parks (2)
- Howe Creek Tree Park279 m
- Memorial Park655 m
Shopping (1)
- Canadian Tire · 5100 Yellowhead Highway462 m
Banks & ATMs (1)
- HoneyBadger Bitcoin ATM464 m
Nearby places data: © OpenStreetMap contributors.
School district: Coast Mountains (SD82)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($480,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.