Properties For Sale in Horseshoe, Terrace

This classic farmhouse is located centrally on Park Ave and adjacent to Market Street. It sits on a 0.45 acre lot with fruit trees and is subdivisible with space for further parking. There is basement access at the back of the building as well as a covered entrance through the front doors.

This professional building is ideally situated in the centre of Terrace with abundant parking on this large lot and 7000 sq ft on 2 levels. The lot is zoned C5, and permits a residential dwelling place. The main floor is open concept to allow for multiple layout options. It has a kitchen, laundry room, staff, and guest bathrooms. The lower-level is split between a bright self-contained dwelling unit with private access on one side and the other has separate access to offices and storage. The self-contained suite has a kitchen and full 4-piece bathroom. Another lower-level tenant currently operates a business with access to 2 private bathrooms. This property offers an impressive Capitalization Rate of 7.5% and has the potential for increased rental income.

This property is an exceptional redevelopment opportunity located in the heart of downtown Terrace. It enjoys C1 A zoning and is situated near various amenities, including the Farmers Market, swimming pool, arena, bike and skate park, George Little Park, Terrace Public Library, Park Avenue Medical Center, and the downtown core and restaurant and shopping district.

This property allows for a mixed-use development with commercial and professional services on the lower floors and up to 12 residential dwellings above. An additional 43,124 sq ft (0.4 HA) is available directly adjacent for a potential land assembly.