3940 OLD LAKELSE LAKE DRIVE
Terrace, BC V8G3V1
$449,900
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 0.98 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $2,886.32 (2025)
Interior
- Basement
- Full
- Heating
- Forced air, Natural gas, Wood
- Fireplace
- Yes (2)
Exterior & Lot
- Exterior features
- Composite Siding
- View
- Mountain view
Building
- Foundation
- Concrete Block
- Roof
- Metal, Conventional
Parking
- Features
- Detached Garage, Carport, RV
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Kitchen | Main level | — |
| Dining room | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Other | Basement | — |
Listing Information
- MLS®
- R3124021
- Listed
- May 14, 2026
- Time on market
- On the market for 109 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Aspire Realty (Terr) · Data source: CREA DDF.
Description
Looking for space but right in town? This 2 bedroom rancher with full basement is situated on just under 1 acre of land with a large detached, wired heated shop, and other outbuildings for storage. The home features a white eat in kitchen with a classic wood cook stove. The primary bedroom is large and features a half bath ensuite. Downstairs has lots of potential for adding additional living space with 9ft ceilings! The yard has plenty of space to enjoy with almost 1/3 being still fully treed with mature timber. Properties like this don't come available very often and this one will not last long! (id:63159)
Values & Trends
This listing
$536/sqft
Building average
—
No other active listings in this building
Terrace average
$337/sqft
69 active listing(s)
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
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
7
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
| School | Type | Distance |
|---|---|---|
| Thornhill Elementary | Elementary | 419 m |
| Thornhill Primary | Elementary | 421 m |
| NW Regional Trades & Training Centre | Secondary | 595 m |
| des Cinq-saumons | Elementary/Middle | 3.3 km |
| Suwilaawks Community School | Elementary | 3.3 km |
| Cassie Hall Elementary | Elementary | 3.5 km |
| Centennial Christian School(Independent) | K-12 | 3.5 km |
| Parkside Secondary | Secondary | 4.1 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 (2)
- Mia Pizza · 3992 Old Lakelse Lake Drive339 m
- Unnamed393 m
Nearby places data: © OpenStreetMap contributors.
School district: Coast Mountains (SD82)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($22,495) — 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.