Retail for Sale — Terrace, BC
$889,900
4552 LAKELSE AVENUE, Terrace, BC V8G1P8
Property details
Structured details
- Lot dimensions
- 0.15
Listing Information
- MLS®
- C8079483
- Listed
- June 10, 2026
- Time on market
- 96 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
Prime mixed-use investment opportunity in the heart of downtown Terrace! Situated in one of the city's most established and successful commercial districts, this well-maintained building offers both strong income potential and exceptional flexibility. The main floor is home to a thriving thrift store, providing a reliable commercial tenant in a highly visible, high-traffic location. Upstairs, you'll find a spacious and well-kept loft-style apartment featuring an open-concept layout, 3 bedrooms, and 2 bathrooms. The residential unit is currently tenanted, creating an additional revenue stream from day one. Whether you're an investor looking to expand your portfolio with a proven income-producing property or an entrepreneur seeking the convenience of operating a business while living upstairs, this property presents a rare opportunity. With its desirable downtown location, mixed-use zoning, and established rental income, this is a smart investment with long-term potential. (id:63159)
Financing calculator
Estimate your monthly payment on the $889,900 asking price.
Financing details
- Monthly debt service
- $8,638
- Cash required at close
- $202,980
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Terrace)
- Population
- 12,017(+3.2% since 2016)
- Population density
- 209.6/km²
- Median household income
- $90,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 20.1%
- Postsecondary below bachelor's
- 34.5%
- High school diploma
- 29.8%
- No certificate/diploma
- 15.5%
Population aged 15 and over.
Commute
- Car, truck or van
- 87.5%
- Public transit
- 2.1%
- Walked
- 8.0%
- Bicycle
- 1.4%
- Other
- 1.0%
Commute duration
- Under 15 min
- 73.9%
- 15–29 min
- 13.5%
- 30–44 min
- 3.6%
- 45–59 min
- 3.1%
- 60+ min
- 5.7%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Unnamed97m
- Ninja Sushi · 4605 Lakelse Avenue114m
- Golden Star · 4606 Lazelle Avenue114m
- Shan Yan140m
- White Spot · 4620 Lakelse Avenue164m
Cafes (5+)
- Starbucks294m
- Starbucks367m
- Tim Hortons · 4658 Lakelse Avenue374m
- Tim Horton's · Route 16420m
- Unnamed555m
Grocery (4)
- Safeway · 4655 Lakelse Avenue377m
- Wholesale Club · 4524 Feeney Avenue558m
- Save-On-Foods572m
- Walmart Supercentre · 4427 Yellowhead Highway768m
Shopping (2)
- Terrace Shopping Centre · 4647 Lakelse Avenue328m
- Skeena Mall · 4741 Lakelse Avenue675m
Parks (4)
- George Little Park267m
- Unnamed543m
- Unnamed659m
- Hanson Park768m
Pharmacies (1)
- Shoppers Drug Mart · 4647 Lakelse Avenue312m
Banks & ATMs (5+)
- Scotiabank · 4602 Lakelse Avenue88m
- TD · 4633 Lakelse Avenue260m
- RBC Royal Bank · 4640 Lakelse Avenue289m
- BMO442m
- Northern Savings Credit Union446m
Healthcare (1)
- Emerson Medical Clinic195m
Nearby places data: © OpenStreetMap contributors.
Other commercial property types for sale in Terrace
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All in Terrace →Frequently asked questions
What is the asking price for this business?
The asking price is $889,900.
Where is this business located?
This listing is located in Terrace, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 15, 2026.