Engel & Völkers Vancouver (Kerrisdale)

Listed, Curated, or Sold by Eric

5240 Smith Avenue
Terrace - City Terrace V8G 0H1

$629,900
Residential Detached beds: 3 baths: 2.0 1,404 sq. ft. built: 2023

Main Photo: 5240 Smith Avenue in Terrace: Terrace - City House for sale
Photo 1: 5240 Smith Avenue in Terrace: Terrace - City House for sale
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Status:
Active
Prop. Type:
Residential Detached
MLS® Num:
EXCLUSIVE
Bedrooms:
3
Bathrooms:
2
Year Built:
2023
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:
House/Single Family
Property Type:
Residential Detached
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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Please note that all assumptions and metrics, including and not limited to mortgage rates, appreciation, inflation, income, and more, are based solely on my own interpretation of current (at time of proforma creation) available information and available market or economic data or statistics, and therefore should not be relied upon when making financial decisions. You are encouraged to do your own research and to ask your own questions.

Proforma 5238, 5240 Smith - Terrace - 2023.05.08.pdf

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Listed by Engel & Völkers Vancouver (Kerrisdale)
Data was last updated November 12, 2024 at 07:10 PM (UTC)
ERIC COULOMBE
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.