5240 Smith Avenue
Terrace
V8G 0H1
$629,900
Residential
beds: 3
baths: 2.0
1,404 sq. ft.
built: 2023
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- EXCLUSIVE
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year Built:
- 2023
- Photos (13)
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TURN-KEY INVESTMENT PROPERTY - This brand new 3 bed, 2 bath 'executive rancher', located in a new subdivision up in the desirable 'Bench' neighbourhood of Terrace, B.C., is generating $1,600+/mo (approx 8% CAP) in positive cash flow. Very rare security of returns here due to the long-term corporate tenant that is ALREADY in a fixed lease until the end 2026. The property has been newly furnished by the tenant, GST is included, and this home is protected by the 2-5-10 New Home Warranty program. Great layout with 9 foot ceilings, in-floor radiant heat throughout, large heated garage, and open plan main living/dining/kitchen. Quality finishing throughout by Swift River Construction.
- Price:
- $629,900
- Dwelling Type:
- Single Family Residence
- Property Type:
- Residential
- Home Style:
- Rancher/Bungalow
- Bedrooms:
- 3
- Bathrooms:
- 2.0
- Year Built:
- 2023
- Floor Area:
- 1,404 sq. ft.
- Lot Size:
- 6,520 sq. ft.
- MLS® Num:
- Exclusive
- Status:
- Active
Terrace is strong economically and is a 'crossroads' town for much of our intra-provincial industry, with a regional airport, the intersection of major highways and railroads, and a significant amount of warehousing and storage all creating an industrial 'hub'. There is a new hospital under construction ($450m), roughly $4b of capital projects planned or underway in the region, and in recent years there has been consistently high housing demand, and consistently low vacancy.
For more information or to discuss investing in real estate, please reach out.
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Listed by Engel & Völkers Vancouver (Kerrisdale)
Data was last updated July 14, 2026 at 09:40 AM (UTC)
- ERIC COULOMBE
- Engel & Völkers Vancouver (Kerrisdale)
- 1 (604) 7648620
- eric@ericcoulombe.com
Engel & Völkers Vancouver (Kerrisdale)
Office Address:
2126 W. 41st Ave.
Vancouver, BC, V6M 1Z1
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