Property Type: Detached HouseOwnership: Freehold

518 KALUM LAKE ROAD

Terrace, BC V8G0C1

$850,000

4 bed2 bath2,280 sqftBuilt 1989
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
4.56 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,103.6 (2026)

Interior

Basement
Full
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
Detached Garage, Carport, RV

Room Dimensions

RoomLevelDimensions
KitchenMain level
Dining roomMain level
Living roomMain level
Primary BedroomMain level
Bedroom 2Main level
Bedroom 3Main level
Bedroom 4Basement
Family roomMain level

Listing Information

MLS®
R3155996
Listed
August 14, 2026
Time on market
On the market for 17 days
Tax assessment year
2026
Data last synced
August 28, 2026

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

Description

Acreage home located on Kalum Lake Drive. 4.5 acres includes a fully serviced 20'x44' workshop, 32'x44' covered RV parking, gazebo and beautifully maintained home. The house has four bedrooms and two bathrooms, an open living room, dining and kitchen, large rec room in the basement and beautiful wrap around deck. There's a large pasture/hay field. Don't miss out on this rare property! (id:63159)

Values & Trends

This listing

$373/sqft

Building average

No other active listings in this building

Terrace average

$339/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

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.

Nearby Schools

SchoolTypeDistance
Uplands ElementaryElementary3.1 km
'Na Aksa Gyilak'yoo School(Independent)K-123.6 km
Mountain View Christian Academy(Independent)K-123.7 km
Ecole MountainviewElementary3.7 km
Caledonia SecondarySecondary4.0 km
Parkside SecondarySecondary4.2 km
Veritas Catholic(Independent)Elementary/Middle4.2 km
Skeena MiddleElementary4.3 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: 7.1% ($60,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$680,000.00
Periodic payment — Principal & Interest (monthly)$4,387.13
Additional monthly expenses (strata, tax, utilities, etc.)$455.97
Total monthly cost$4,843.10
Interest paid over 5-yr term$194,889.95
Balance at end of term$611,662.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$60,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,074.82

Cash Needed at Closing

Minimum down payment$60,000
Estimated BC PTT$15,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$76,500

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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